Category: Economy
Income Tax Department launches nationwide verification of suspicious foreign remittances
New Delhi: The Income Tax Department has launched a nationwide verification exercise into suspicious foreign remittances after identifying several entities that allegedly remitted large amounts…
BRICS weighs Russia’s grain exchange plan; digital platform for farm produce trade mooted
BRICS members are exploring a plan backed by Russian President Vladimir Putin to establish a grain exchange that could potentially end the “hegemony” of certain…
India’s outward FDI jumps 17% to $5.7 billion in July: RBI
Mumbai: Outward foreign direct investment (FDI) from India increased 17% year-on-year to $5.70 billion in July from $4.88 billion a year ago, provisional data released…
Govt organises awareness session on EU CBAM for exporters
New Delhi: The commerce and industry ministry Tuesday organised an awareness session for exporters on the EU’s Carbon Border Adjustment Mechanism (CBAM) regulations. The technical…
Finance Minister Nirmala Sitharaman urges PSBs to sharpen youth outreach, build ahead of demand
New Delhi: Finance minister Nirmala Sitharaman on Tuesday urged public sector banks (PSBs) to develop strategies to attract the youth based on their products, regional…
Ready-made food prices may stay high as input, packaging costs rise
New Delhi: Prices of ready-made food products such as savouries, sweets, and snacks are likely to remain elevated, as higher input and packaging expenses and…
Commerce minister Piyush Goyal invites Japanese companies to deepen investments in India
New Delhi: Commerce and industry minister Piyush Goyal Tuesday invited Japanese businesses to deepen investments and partnerships in India and said that he will undertake…
Rupee, price tailwinds for Indian exporters may fade in H2FY27: Nuvama
New Delhi [India]: Indian exporters could see some of the revenue tailwinds from rupee depreciation and elevated prices fade in the second half of FY27,…
El Nino impact on kharif production unlikely to be significant, says Union Agriculture Minister Shivraj Singh Chouhan
The impact of El Nino on kharif production is unlikely to be significant this year as the gap in sowing has narrowed and rainfall has…
BIRC 2026 to Showcase 200 Rice Varieties, 50 Global Cuisines Across 9 Experience Zones
The upcoming Bharat International Rice Conference (BIRC) 2026 will showcase 200 varieties of rice and 50 global cuisines across nine experience zones, said the Indian…