Category: Economy
Govt removes restrictions on wheat exports; Robust export demand for Indian wheat from Bangladesh
India has lifted a more than four-year ban on exports of wheat and wheat products, a move that’s likely to temper higher global prices of…
Sowing area in Marathwada down by 7% amid rainfall deficit
Chhatrapati Sambhajinagar: The cultivation area in the Marathwada region of Maharashtra has shrunk by nearly 3.5 lakh hectares this year, with rainfall 20.3 per cent…
India eases raw sugar import rules as it cracks down on hoarding
The government has revised the rules for duty-free raw sugar imports, giving importers up to two months from the date of filing the Bill of…
India raises $73 bn in forex inflows at record pace
India has mobilised total foreign exchange inflows of $73 billion in less than 11 weeks, in the largest and fastest-ever foreign-currency mobilisation exercises undertaken globally….
Full flow FCNR deposits could hit $100 billion, beat estimates
Mumbai: Strong momentum in foreign currency non-resident (bank), or FCNR (B), deposit inflows over the past week has prompted some analysts to raise their estimates…
Commerce minister Piyush Goyal asks Japanese companies to deepen localisation in India
Tokyo: Commerce and industry minister Piyush Goyal Monday urged Japanese auto companies and capital goods firms to deepen their localisation in India, establish more research…
India to amend rules within two months to ease semiconductor, auto component manufacturing: Piyush Goyal
Tokyo: India will amend regulations and introduce new rules within two months to address concerns raised by semiconductor and automotive component manufacturers, commerce and industry…
Onion prices up 59%, govt ramps up ‘Kanda Express’ supplies to cool market
New Delhi, The Centre has started moving bulk onion stocks through dedicated railway rakes – the ‘Kanda Express‘ – from Nashik in Maharashtra to major…
India’s exports to Iran set to fall further due to Dubai halt, US sanctions
NEW DELHI – Planned new U.S. sanctions on Iran and the UAE’s halt on Tehran trade could severely disrupt Indian exports of rice, tea and…
ITR filing deadline: Income Tax Department asks business, professional taxpayers to file returns by August 31
The Income Tax Department has urged taxpayers with business or professional income who are not required to undergo a tax audit to file their Income…