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As the chairman of the 16th Finance Commission, the former vice-chairman of NITI Aayog will have to ensure a balanced distribution of financial resources between the Centre and the states
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The demand for Telangana came a day after LIC on Monday received a similar notice demanding about Rs 806 crore for short payment of GST for 2017-18 along with interest and penalty for Maharashtra.
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For cancellation of IEM acknowledgements, it said that the concerned firm has to give a request letter on the company’s letterhead signed by an authorised officer giving specific reasons for cancellation, along with a copy of the original IEM.
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Markets are now pricing in an 82% chance of interest rate cuts from the Fed to start from March, according to CME FedWatch tool, with over 150 basis points (bps) of easing anticipated this year.
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The proposed health regulator will have to balance quality, affordability, and profitability in a public-private medical delivery system in India
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While J&K recorded a highest ever industrial investment worth Rs 3,905.45, within a span of just 18 months, and project plans include a mega mall, 'Mall of Srinagar', but contrary to the government claims, Mir Shahid Kamli, president of Federation Chamber of Industries Kashmir, says there is no visible growth of industries on ground in Kashmir.
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In its year-end review, the Department of Pharmaceuticals (DoP) also said the 'Pradhan Mantri Bhartiya Janaushadhi Pariyojana' achieved its target of opening 10,000 retail outlets in 2023 to provide quality generic medicines at affordable prices to the poor and underprivileged.
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As per the FAQ issued by the Central Board of Direct Taxes (CBDT) on December 28, a 1 percent TDS will have to be deducted from the gross sale amount after including convenience/packaging/shipping fees as charged by e-commerce trading platforms for the order placed on ONDC.
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The ownership share of domestic investors in equity markets rose to 36 percent from 25 percent in 2018.
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The core consumer price index (CPI), which excludes volatile fresh food but includes fuel costs, rose 2.5% in November from a year earlier, matching market forecasts and slowing from a 2.9% gain in October. It was the slowest pace of rise since a 2.4% growth marked in July 2022.
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As an ecosystem we have been adept at celebrating success stories but we are also learning to respect failure and the effort behind startup journeys which is the real crucible for long term sustainable growth
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Facilitating Tesla’s entry and extending current incentives to the industry can provide a big push to electric mobility in India
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External debt rose by $4.7 billion from $624.3 billion in March 2023, the RBI data showed and as a percentage of GDP, it declined to 18.6 per cent in June 2023 from 18.8 per cent in March 2023
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While the changes in rates of income and corporate taxes, incorporated in the Budget announced on February 1, are effective from April 1 or a notified date, most of the changes in customs and excise duty rates become effective from midnight.
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Markets maintained those bets even after Richmond Fed President Thomas Barkin on Tuesday refrained from saying how the fall in inflation affected the policy outlook for next year, while Atlanta’s Raphael Bostic said there was no urgency to cut rates.
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At the interbank foreign exchange market, the local unit opened at 83.17 and traded between the peak of 83.13 and the lowest level of 83.18 against the dollar.
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Though the attacks on shipping have boosted the risk premium, other analysts have noted the incidents said the disruption is not likely to impact supply.
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Moving the Bill for passage, Sitharaman said, the Bill seeks to obtain the authority from Parliament to provisionally levy and collect the newly imposed or increased duties of customs and excise for 75 days.
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FIIS bought shares worth Rs 11,473.54 crore and sold equities worth Rs 11,507.05 crore, leading to a net outflow of Rs 33.51 crore, according to exchange data.
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Traders now await a slew of U.S. economic data, including the November core personal consumption expenditure (PCE) index report on Friday.
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In any case, since hitting a multi-decade low against the dollar near 152 in November, the yen has gained around 6% in value as traders have grown increasingly convinced the BOJ’s low-rates drag on the currency will not last much longer.
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China has taken some major steps like infusing massive funds in banks to kick-start the sluggish economy. But analysts say it may not be enough to encourage new investment
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A well-crafted strategy and improving world trade next year can be a double delight for India’s outbound merchandise shipments
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Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.
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As per the government’s ‘ballpark’ assessment, the logistics cost stood between 8.7-9.9% of GDP in 2011-12, which rose to 8.8-10% in 2012-13, and then fell below the maximum upper bound of 9.4% of GDP between 2014-15 till 2021-22
