Economy News

Govt Cuts Windfall Tax On Crude Oil, ONGC, OIL India Ltd To Gain

Govt Cuts Windfall Tax On Crude Oil, ONGC, OIL India Ltd To Gain

Upstream oil exploration and production companies ONGC and Oil India Ltd stand to gain as they will have to pay a lower tax on their crude.

May 01, 2024, 14:57 PM IST
Highest Ever GST Collection! Hits Record High Of Rs 2.10 Lakh Crore In April

Highest Ever GST Collection! Hits Record High Of Rs 2.10 Lakh Crore In April

Check below the Breakdown of April 2024 GST Collections.

May 01, 2024, 14:09 PM IST
19 Kg Commercial LPG Cylinder Rates Slashed By Rs 19 From Today May 1, Check How Much You Need To Pay Now

19 Kg Commercial LPG Cylinder Rates Slashed By Rs 19 From Today May 1, Check How Much You Need To Pay Now

Here is how much you need to pay for per bottle of 19 kg commercial lpg cylinder from may 1 in metro cities.  

May 01, 2024, 08:52 AM IST
Government Permits Export Of 99,150 Metric Tonnes Of Onions To 6 Countries

Government Permits Export Of 99,150 Metric Tonnes Of Onions To 6 Countries

The offer rate of NCEL to the buyers takes into account the prevailing prices in the destination market and also international and domestic markets.

Apr 28, 2024, 20:23 PM IST
RBI Lays Out Criteria For Small Finance Banks To Achieve Universal Banks License

RBI Lays Out Criteria For Small Finance Banks To Achieve Universal Banks License

The bank intending to transit must have their shares listed on a recognized stock exchange.

Apr 27, 2024, 11:29 AM IST
India's Forex Reserves Dip By $2.83 Billion To $640.3 Billion

India's Forex Reserves Dip By $2.83 Billion To $640.3 Billion

Market analysts attribute the decline in foreign currency assets to the RBI actively releasing dollars in the market to curb the volatility in the rupee.

Apr 26, 2024, 19:53 PM IST
10 Things About PM-KUSUM Scheme And How It Is Empowering Indian Farmers

10 Things About PM-KUSUM Scheme And How It Is Empowering Indian Farmers

The main objectives of the PM KUSUM Scheme include to de-dieselize the farm sector, to provide energy and water security to farmers and enhance their income, and reduce environmental pollution.

Apr 26, 2024, 10:36 AM IST
RBI Lists 6 Factors Powering India’s Take-off To Become World’s 3rd Largest Economy

RBI Lists 6 Factors Powering India’s Take-off To Become World’s 3rd Largest Economy

According to the RBI bulletin, the “tailwinds likely to power India’s take-off” are as follows:

Apr 24, 2024, 10:43 AM IST
RBI Sees India's GDP Growth Trend Surging Past 7%

RBI Sees India's GDP Growth Trend Surging Past 7%

It also points out that the global growth momentum has been sustained in the first quarter of 2024 and the outlook for global trade is turning positive.

Apr 23, 2024, 18:27 PM IST
CCI Invites Proposal For Launching Market Study On Artificial Intelligence And Competition In India

CCI Invites Proposal For Launching Market Study On Artificial Intelligence And Competition In India

The proposed study will be a knowledge building exercise to develop an in-depth understanding of the emerging competition dynamics in the development ecosystems of AI systems and implications of AI

Apr 23, 2024, 13:14 PM IST
Govt Oil Companies Conducts Free Safety Checks For All LPG Connections

Govt Oil Companies Conducts Free Safety Checks For All LPG Connections

During this inspection, the delivery man will also check all the gas equipment so that there is no possibility of any kind of leakage. 

Apr 21, 2024, 17:16 PM IST
 Global Oil Prices Rise Amid Increasing Middle East Conflict

Global Oil Prices Rise Amid Increasing Middle East Conflict

India imports over 85 per cent of its crude oil requirement and a substantial spike in global oil prices could raise the country’s oil import bill.

Apr 19, 2024, 14:31 PM IST
What Will Be The Impact Of Iran-Israel Conflict On Indian Economy? Expert Highlights 5 Potential Impact

What Will Be The Impact Of Iran-Israel Conflict On Indian Economy? Expert Highlights 5 Potential Impact

On Saturday, Iran launched several drones and missiles towards Israel in retaliation for an alleged Israeli air strike on its consulate in Syria, resulting in the killing of three top Iranian

Apr 19, 2024, 09:38 AM IST
IMF Backs Modi Government's Economic Policies; Expects India To Rev Up Global Growth As China Falters

IMF Backs Modi Government's Economic Policies; Expects India To Rev Up Global Growth As China Falters

The IMF’s World Economic Outlook report, released on Tuesday, has not only raised India's growth forecast by 0.3 percentage points to 6.8 per cent for 2024-25 but also sees the country as a bright

Apr 18, 2024, 08:33 AM IST
Uttar Pradesh now has the most GI-Tagged items in India

Uttar Pradesh now has the most GI-Tagged items in India

Uttar Pradesh has total of 75 GI products while Tamil Nadu follows behind with 58 GI products.

Apr 17, 2024, 10:24 AM IST
Morgan Stanley Does Not Expect RBI To Go For A Rate Cut In 2024-25

Morgan Stanley Does Not Expect RBI To Go For A Rate Cut In 2024-25

India's key policy rate is expected to be steady at 6.5 per cent in 2024-25 while real rates should average 200 basis points, according to Morgan Stanley.

Apr 16, 2024, 15:10 PM IST
India Allows 10,000 Tonnes Of Onion Export To Sri Lanka, UAE

India Allows 10,000 Tonnes Of Onion Export To Sri Lanka, UAE

This brings the total amount of approved onion exports from India to 79,160 tonnes, surpassing the ban on shipments imposed in December 2023. 

Apr 16, 2024, 13:23 PM IST
Banks Must Provide Simple Key Facts Statement To Borrowers On Terms Of Loans: RBI

Banks Must Provide Simple Key Facts Statement To Borrowers On Terms Of Loans: RBI

The RBI has decided to harmonise all instructions on KFS and disclosure of the Annual Percentage Rate (APR).

Apr 15, 2024, 21:07 PM IST
Wholesale Inflation Inches Up Marginally To 0.53 Pc In March

Wholesale Inflation Inches Up Marginally To 0.53 Pc In March

However, retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices. 

Apr 15, 2024, 15:02 PM IST
FPIs Infuse Over Rs 13,300 Crore In Equities In April So Far Amidst Bullish Economic Outlook

FPIs Infuse Over Rs 13,300 Crore In Equities In April So Far Amidst Bullish Economic Outlook

According to the data with the depositories, FPIs made a net investment of Rs 13,347 crore in Indian equities this month (till April 12).

Apr 14, 2024, 12:12 PM IST