Category: Economy
India’s logistics cost at 8% of GDP, rail most efficient: Report
India’s logistics cost in 2023-24 totalled an estimated 7.97% of its gross domestic product (GDP), with rail logistics emerging as a cost-efficient mode with an…
Exporters to get 90% upfront refund only after GST law change
The decision to allow 90% upfront refund for exporters under the goods and services tax (GST) framework may take time to be operationalised as the…
Alvarez & Marsal to scale up India ops, targets mid-market firms and expanding GCC
Consulting firm Alvarez & Marsal is ramping up its India operations with a twin focus on the country’s burgeoning mid-market businesses and its rapidly growing…
Russian Deputy PM Dmitry Patrushev eyes JVs with India in agriculture
Russian deputy prime minister Dmitry Patrushev is leading one of the biggest ever Russian delegations to India to attend the World Food India expo that…
Indian households to experience a relief of 27 to 30% in taxes due to GST 2.0: Report
Households across India will experience a relief of 27 to 30% in taxes due to GST 2.0, according to a joint report by The Federation…
India buys record Argentine soy oil volume after export duty scrapped, sources say
India purchased 300,000 metric tons of soyoil from Argentina during Tuesday and Wednesday, the largest ever purchase in a two-day period, dealers said, taking advantage…
Trump’s 50% tariff hits Tamil Nadu tanneries, hundreds of factories shut
Periyavarigam village in Tamil Nadu’s Vellore district, about 200 km inland from Chennai, is usually a hub of activity. The Ambur Pernampet Road is bustling…
Modi reiterates ‘time-tested’ India-Russia relationship
Prime Ministry Narendra Modi on Thursday reiterated India’s deep partnership with Russia, pushing back against President Trump’s pressure to reduce engagement with Moscow. “With Russia…
US influence seen waning as China tightens grip on its backyard
Southeast Asia is experiencing a clear shift in power. China is expanding its influence at an unprecedented pace, while the United States, long seen as…
RBI allows risk-based checks in new digital payment guidelines
India’s central bank on Thursday issued final guidelines for authentication mechanisms in digital payment transactions, aiming to bolster security and encouraging innovation in fraud prevention….