Economic Times
Credit growth remained at 15% in August 2024 compared to last year. Lending to industry and agriculture accelerated, with industry credit growing 9.8%
India's core sector output growth plummeted to 1.8% in August 2024 from 13.4% in August 2023, with significant declines in natural gas and coal produc
India’s current account deficit (CAD) widened marginally to $9.7 billion (1.1 per cent of GDP) in Q1 FY2024-25 from $8.9 billion (1.0 per cent of GD
India's fiscal deficit for April to August, or the first five months of this fiscal year, was at 4.35 lakh crore rupees, equivalent to 27% of annual e
India's clean oil-product exports surged to their highest since March 2022, driven by increased demand from Europe and Africa due to refinery shutdown
Prime Minister Narendra Modi has urged citizens to use 'Made in India' products during the festive season, highlighting the success of the 'Make in In
Uzbekistan and Turkmenistan express interest in joining the International North South Transport Corridor (INSTC) to enhance trade with India. Uzbekist
The Central Board of Direct Taxes (CBDT) has extended the due date for filing various reports of audit including Tax Audit for the Previous Year 2023-
The Indian government has decided to extend the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme beyond September, with a review pla
The government is considering removing the refund of subsidy clause for employers if an employee quits within a year. Instead, it may stop the incenti
Government bond yields in India are expected to soften further by the end of the fiscal year, potentially saving the exchequer Rs 1,000-2,000 crore an
Maharashtra continues to attract significant foreign direct investment, securing $8.5 billion in the June quarter. Despite this, the state is seeing a
Investments under the Production Linked Incentive (PLI) schemes reached Rs 1.46 lakh crore by August, with expectations to rise to Rs 2 lakh crore. Th
The Indian government is considering a foreign investment regulatory mechanism for post-investment review and monitoring. This oversight aims to ensur
India has lifted its ban on the export of non-basmati white rice, a move welcomed by exporters in West Bengal. The government also reduced the export
The GST Network restored the monthly returns data for July and August 2017 on its portal. This move follows requests from trade and industry for more
India and the US are negotiating a pact to enhance collaboration in critical minerals. Commerce Minister Piyush Goyal will visit Washington to discuss
Former RBI governor Raghuram Rajan emphasized the need for India to focus on labour-intensive industries to generate employment. Despite 7% economic g
The govt will invite suggestions from the private sector and tax experts on the Income Tax Act, 1961, starting October. This initiative aims to simpli
The government has introduced changes to GST laws, allowing authorities to waive certain interest and penalties on past tax demands. Effective Novembe
