Economic Times
Income tax: The income of UIDAI is now exempt from income tax for five years until the fiscal year 2027-28. This includes grants, fees, and interest e
India's trade deficit expanded to $23.50 billion in July, up from $19 billion a year earlier, according to Commerce Ministry data. Merchandise exports
India's palm oil imports surged over 37% in July to 1.1 million metric tons. Soyoil imports rose 42% to 391,791 tons, while sunflower oil imports drop
In July, India's wholesale inflation, measured by the Wholesale Price Index, eased to 2.04% annually from a 16-month high of 3.36% in June, surpassing
Despite consumer inflation dipping below the 4% target for the first time in five years, the Reserve Bank of India (RBI) is unlikely to soften interes
Finance Minister Nirmala Sitharaman, speaking at the convocation ceremony of the Indian Institute of Science Education and Research in Bhopal, defende
As announced by finance minister Nirmala Sitharaman during the post-budget discussion in Parliament, the newly reconstituted group of ministers (GoM)
The project’s inaugural phase will focus on the major cotton-producing districts of Madhya Pradesh, with a special emphasis on small and marginal fa
The Reserve Bank of India has kept interest rates unchanged for more than 18 months, with Governor Shaktikanta Das saying last week that food prices r
Finance Minister Nirmala Sitharaman defended India's taxation system at IISER Bhopal, emphasizing the need for resources to address national challenge
Inflation in India: India, despite being the fastest-growing major economy, continues to grapple with inflation, impacting commoners and stakeholders
The 54th GST Council meeting will be held on September 9, 2024. Meanwhile, July GST collections rose 10.3% to over Rs 1.82 lakh crore, the third-highe
The SBI's latest report highlights that the once-dominant "Follow the Fed" mantra appears to be waning, with an increasing number of central banks pri
The Reserve Bank of India (RBI) recently took feedback from banks and financial institutions dealing with Russian funds registered in India. Some Russ
Economists struck a note of caution, pointing out that the drop was largely due to the base effect of high inflation last year and that it could head
Data released by the Ministry of Statistics and Programme Implementation showed that the growth of manufacturing, which comprises two-thirds of the in
The move will help the government to identify cases where the remittance was sent but was not reported by the taxpayer in their filling, the official
Some experts suggested steps include creating world-class, export-oriented industrial hubs (where India is a laggard), ringing in favourable tax treat
Krishnamurthy V Subramanian of the IMF stated that Hyderabad, India could potentially become a USD 55 trillion economy by 2047. During his book launch
Farmers have expanded paddy cultivation by 4.28% to 33.18 million hectares for the 2024-25 kharif season, driven by favorable monsoon forecasts from t
