As PMI surges and order books of MSMEs look healthy, exports struggle with slowing demand
Small enterprises have healthy orders on hand, a fact backed by PMI data that rose to a 31-month high, but key exports such as textiles are struggling due to waning demand from the US and EU.
RBI should change its stance to neutral: CII President R Dinesh
Given the fast moderation in inflation, the RBI should continue with a pause in the repo rate and also change its stance to neutral, the CII President explained
India’s GDP growth to be in the band of 6.5-6.7% for FY24: CII President R Dinesh
CII expects the country to grow at a compound annual growth rate of 7.8 percent, making India to become a $9 trillion economy by 2030 and a $40 trillion economy by 2047.
India’s goods exports to touch $773 billion by 2030, Standard Chartered says
India is expected to grow its exporting sectors by supporting innovation and capacity expansions, as well as building sector ecosystems, the report has said.
ICT goods levy: India to not take EU to WTO appellate tribunal; to negotiate a solution under TTC
The European Union in 2019 lodged a dispute in WTO arguing that tariffs levied on ICT goods directly breached India’s obligations under WTO rules to impose zero-duty rates on these goods.
Customers queue up at PSBs as private banks refuse, put limits on Rs 2,000 notes exchange
Long lines could be spotted at branches of SBI in Delhi. Store owners too have begun to refuse accepting the currency citing a lack of change of smaller currency.
DU rolls back decision of shifting chapters on Mahatma Gandhi to 7th semester
The Delhi University had in an academic council meeting on May 26, decided to shift the chapters on Mahatma Gandhi in its BA political science course from the 5th semester to the 7th semester while replacing the chapters for 5th semester with chapters on Vinayak Damodar Savarkar
IMD issues normal monsoon forecast, but food inflation needs to be watched
India is likely to receive normal monsoon rains in 2023 despite the likely emergence of El Nino
Record high wheat and rice production expected, boosting domestic availability
India’s wheat production was expected to see a fall this season as unseasonal rains and hailstorms in March led to widespread crop losses across parts of the country.
Modi @ 9 | PM’s farmer scheme a hit but government still far from goal of doubling agricultural income
A parliamentary panel on agriculture in a report tabled in Parliament on March 23 this year noted that the government is far from its 2022 goal of doubling the income of farmers.
Bharat Bazaar to be operational in Dubai in the next two years: JAFZA CEO Daminthan
The launch of Bharat Bazaar is expected to further boost trade and investment between India and the UAE, which has already received a shot in the arm under the Comprehensive Economic Partnership Agreement (CEPA) signed between the two countries last year.
MSME body seeks green channel for e-commerce exports
Economic think tank Global Trade Research Initiative has suggested the framing of an e-commerce export policy addressing all pain points faced by exporters along the lines of those in countries such as China, Vietnam, South Korea and Japan.
Broadcaster and cable operators exchange barbs, label charges over new tariff order
Three leading broadcasters, Disney Star, Zee Entertainment Enterprises and Sony Pictures Networks India Ltd, have already stopped providing feed to cable operators which have not signed fresh agreements with increased prices under the New Tariff Order (NTO) 3.0.
Fed seen hiking policy rate above 5% as job gains surge
The Fed had earlier this week increased its benchmark rate by a quarter-of-a-percentage-point to 4.5-4.75 percent
Economists bat for hike in tobacco taxation for achieving Modi's $5 trillion economy vision
The economists strongly suggested that increasing inflation, which has put the country's budget under pressure, and urgent need of fresh cash can be met by levying taxes on demerit products like tobacco.
GST not payable on house rented to proprietor for residential purpose: CBIC
However, the proprietor would though be liable to pay GST on reverse charge mechanism (RCM) basis at 18 per cent in case such accommodation is being used for his proprietary concern.
Private sector gets a leg up in National Geospatial Policy
The policy describes Digital Twin as a virtual replica of a physical asset, process or service that lies at the core of the new digital revolution.
Push for coal gasification may see Rs 30,000 cr investment by 2026
This cleaner and more sustainable use of coal will also help reduce the import bill, as also lead to the direct and indirect employment of more than 21,000 people.
Food processing industry invests Rs 4,900 crore under PLI scheme so far: Govt
Incentives amounting to Rs 800 crore are likely to be disbursed in the current financial year. Sales-based incentive of Rs 107.3 crore has been disbursed so far
Unfunded pension scheme tax on future generations: EAC-PM member Sanyal on OPS
"It should be very clear that unfunded pension schemes are ultimately tax on future generations. Therefore, one should be very, very careful to reverse pension reforms that have been done with great difficulty over the last couple of decades," he told PTI in an interview.
Govt may announce new industrial policy; new scheme for investment subsidy on cards
Ministry of Commerce and Industries has circulated the draft of the policy for inter ministerial consultation.
Transformative reforms in last 8 years brought transparency, accountability: Jitendra Singh
He said the Department of Personnel and Training (DoPT) is fast emerging as key human resources nucleus for the government.
India needs corporate mandate on R&D: Zoho CEO Sridhar Vembu
Asked about India's success in receiving Apple's investment to manufacture in India, Vembu compared the situation with Mexico where there are factories for US companies but they don't have much value addition.
Police officers are not required to do moral policing and ask for physical favour or material goods: SC
A bench of Justices Sanjiv Khanna and J K Maheshwari set aside the verdict of the Gujarat High Court of December 16, 2014, by which it had allowed the plea of CISF constable Santosh Kumar Pandey and directed his reinstatement in service with 50 per cent back wages from the date of his removal.
