Rice is at risk if monsoon does not stabilise, says D K Joshi of Crisil
The fall in sown area has been attributed to the uneven rainfall distribution in the country, with several rice and pulse-producing states remaining rainfall deficient.
Persistent inflation in cereals and pulses ahead, says D K Joshi of Crisil
The government has taken several steps including imposing stock limits on pulses and removing the procurement ceiling for market stabilisation.
Steep rise in tomato prices remains a concern, says RBI bulletin
Increasing amplitudes of price spells over the years calls for improving the supply chains to contain overall inflation volatility.
Jan Vishwas Bill will pave way for decriminalisation of more offences: TeamLease RegTech's Rishi Agrawal
The Jan Vishwas Bill, which seeks decriminalisation of 187 provisions of 42 different laws, was introduced in Lok Sabha in December 2022
Cinema industry welcomes lowering GST rates to 5% on food served in movie theatres
The GST Council decided to lower the service tax levied on food and beverages consumed in cinema halls to 5 percent from 18 percent.
Kerala to have two GST tribunals
The decision was taken at the meeting of the GST (Goods and Services Tax) Council in the national capital.
GST Council meet 2023: Centre allays concerns of opposition ruled states over ED sharing info with GSTN
Revenue Secretary said it was clarified that the changes will empower tax authorities with more information and "I think all of them (state ministers) were quite satisfied with the explanation".
Delayed monsoon, uneven rainfall cause decline in sown area of rice and pulses
Several rice and pulse producing states remain rainfall deficient. Economists expect rainfall to cover the deficient areas as well in the coming weeks and increase the sowing acreage.
Toy industry seeks PLI scheme to help meet growing competition in the global market
The Indian toy industry is among the fastest-growing globally, projected to reach $ 3 billion by 2028, as per the government’s investment promotion platform, Invest India.
Academicians welcome introduction of long-awaited National Research Foundation Bill
On June 28, 2023, the govt gave the nod to a plan to set up National Research Foundation (NRF) as an apex body to promote, fund, and mentor scientific research in higher education institutions. While government representatives hail the move, others point out issues that may crop up during its implementation.
Policy Next MSME Summit: B2C MSMEs have no incentive to be GST compliant: Resurgent India MD
The MSME sector contributes 45 percent of the total Industrial employment, 50 percent of the total exports and 95 percent of the industrial units in India but remains marred with compliance burden
PolicyNext MSME summit: Access to finance an issue despite several schemes for MSMEs: FISME's Anil Bhardwaj
While a number of schemes have been issued, it is the documentation processes and unawareness of schemes that become the hassle, the expert panel discussing scaling up MSMEs at the Moneycontrol Policy Summit on MSMEs pointed out.
Monsoon starts with deficit in 2023, but situation not alarming yet
The months of July and August cumulatively account for two-third of the monsoon received in India during a year and promising IMD predictions give hope
Exclusive: India hoping to close settlement on seven trade disputes during Modi’s visit to the US
Prime Minister Narendra Modi is on a three-day state visit to the US from June 21, during which various strategic issues, especially on trade between the two countries including dispute between the two over steep steel and aluminium tariffs imposed by the US, are expected to be discussed
NCERT should have adopted an evidence-based approach: Expert group member Sridhar Rajagopalan
The body in April this year dropped several chapters including some on the Mughal Empire from Class 12 history textbooks. Rajagopalan, a member of NCERT's National Expert Group on Assessment of Elementary Education, tells Moneycontrol that presenting a rational reasoning could have avoided the political controversy.
Uber integration with Government E-Marketplace complete
Here, Uber would provide the service at a fixed price with zero cancellation charges and no surge pricing, as per officials.
India devises strategy to boost exports in 2023
In a focused approach to growing exports, a total of 40 countries, which form 85 percent of India’s export basket, have been identified.
Small footwear companies given up to one year to implement quality controls: Piyush Goyal
The deadline for implementing Quality Control Orders, or QCOs, for the footwear industry is July 1.
Revamp of 6 lagging PLI schemes likely as government plans review
The PLI scheme developed with the objective of making India 'Aatmanirbhar' have run into implementation hurdles. A review meeting is being held on June 27 to chalk out a strategy
Toys, footwear, components for new age bicycles to come under PLI scheme soon: Officials
The PLI scheme currently covers 14 sectors, including steel, textiles, electronics, IT hardware, medical devices, pharmaceutical products, telecom and drones among others and discussions to include other sectors are ongoing.
Centre imposes stock limit on wheat for FY 2023-24
The government has taken several steps to prevent any possibility of spike in domestic prices of wheat
Industry unhappy with edible oil price slide, but govt intervention in favour of consumers
In the past two months, the Centre has twice asked edible oil companies to reduce retail prices in line with the fall in global prices for edible oil commodities.
MSP hike on kharif crops may help lower inflation, say economists
The price incentives will result in higher production, which will translate into lower prices and bring down inflation, experts said.
India only bright hope for next decade in a slowing global economy: NITI Aayog's Sanjeet Singh
India is where the profits will be and where investments will flow as countries around the world look to make partnerships with the country, the NITI Aayog official said. The RBI on June 8 projected the GDP growth for this fiscal year at 6.5 percent
