Category: Economy
RBI proposes July 1 rollout of stricter mis-selling rules for banks
The Reserve Bank of India (RBI) has directed banks to refund the entire amount to the customer where mis-sell of a product / service is…
Net direct tax mop-up hits Rs 19.43 lakh cr, up 9.4%
Net direct tax collections for the current financial year rose 9.4% year-on-year to Rs 19.43 lakh crore as of February 10, reflecting steady growth in…
India to revise base year for CPI, GDP, industrial output data every 3-5 years, official says
NEW DELHI: India plans to revise the base year of key economic indicators, including consumer price index, gross domestic product and industrial output, every three…
Labour-intensive sectors & biopharma receive strong push in Budget, says Sitharaman
Finance Minister Nirmala Sitharaman on Wednesday asserted in the Lok Sabha that the Budget prioritises labour-intensive sectors and gives a strong push to biopharma, as…
India-US trade deal: The apple math triggers anxiety among farmers in Kashmir, Himachal
The recent reduction of duties on apples imported from several of the 44 countries supplying India has raised concerns among domestic growers, a situation further…
India-UK FTA gives Britain first-mover edge over EU: British Parliament
London: The UK government has highlighted its first mover advantage by signing a free trade agreement (FTA) with a rapidly growing Indian economy ahead of…
US imports pressure sends corn, soybean prices down
Indian corn and soybean prices fell on Wednesday after New Delhi agreed to duty-free imports of U.S. soyoil and a protein-rich animal feed under a…
India’s complex fertiliser capacity set to rise 4 MTPA through FY29
India’s complex fertiliser manufacturing sector will add around 4 million tonne per annum (MTPA) of capacity through fiscal 2029, over the current base of 16…
India’s $500 billion US imports intent draws scepticism, risks widening trade deficit
NEW DELHI: India’s stated intention to buy $500 billion of U.S. goods over five years under a trade deal is drawing scepticism, with economists warning…
India deal will reverberate for years: US Trade Chief backs Delhi as China alternative
US Trade Representative Jamieson Greer on Tuesday signalled strong American backing for deeper economic ties with India, calling a prospective bilateral trade deal “very important”…