Category: Economy
India emerges as Sri Lanka’s second-largest export destination
Colombo: India has surpassed the UK to emerge as Sri Lanka’s second-largest export market in January-April this year, the Export Development Board said here today….
SC rules exxsol hexane a pure hydrocarbon, duty cut to 2.5%
The Supreme Court on Monday held that exxsol hexane, imported by companies including Reliance Industries (RIL), will be treated as a pure hydrocarbon, thus will…
Government forwent Rs 1 lakh crore via excise duty cuts to shield consumers from fuel inflation: FM
Mumbai: Finance Minister Nirmala Sitharaman on Monday said the government had foregone more than Rs 1 lakh crore annually in tax revenues through excise duty…
FM Sitharaman says Government open to hear investor concerns on LTCG, STCG taxation
New Delhi: Union Finance Minister Nirmala Sitharaman on Monday said the government is willing to listen to concerns raised by stock market investors regarding the…
India proposes broad revamp of industrial output index ahead of new series
New Delhi: India’s statistics ministry has proposed changes to the way it calculates the monthly industrial output, including expanding sector coverage and adopting a chain-linked…
FM asks lenders to go beyond standard loans, design credit repayments around biz cycles
Mumbai: Union Finance Minister Nirmala Sitharaman urged banks to go beyond standard loan products and design such offerings where repayments are structured around the unique…
Infra projects see cost overrun of Rs 5.65 lakh crore in April
New Delhi, Infrastructure projects worth above Rs 150 crore each registered a cumulative cost overrun of Rs 5.65 lakh crore, according to a monthly government…
RBI to examine role of quantum technology in strengthening financial sector
Mumbai: The Reserve Bank on Monday announced the setting up of an eight-member expert committee to explore and evaluate the potential benefits, risks and challenges…
Adequate availability of fertilisers for upcoming Kharif sowing season: Govt
New Delhi: The Centre on Monday asserted that there is adequate availability of fertilisers in the country to meet the demand of soil nutrients during…
PSU closure: Govt sets in motion new move after years wasted in stop-start process
The Centre has turned up the pressure on ministries to accelerate the shutdown of loss-making public sector enterprises, as progress on winding up unviable state-owned…