Foreign institutional investors (FIIs) pulled out Rs 34,993 crore from Indian equities in August, their sharpest retreat this year, as US tariff shocks and weak June-quarter earnings weighed on sentiment. The outflows pushed year-to-date FII selling past Rs 1.3 lakh crore, raising concerns about India’s place in global portfolios, even as policy reforms and stronger-than-expected…
Malhotra said the central government and the RBI had launched the Jan Dhan Yojana in collaboration with banks 11 years ago, leading to development across the nation. Indore: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Saturday said India will become the world’s third largest economy soon, and credited the Pradhan Mantri Jan Dhan…
India’s specialty fertiliser industry is bracing for renewed supply challenges as China prepares to reimpose export restrictions from October, potentially triggering price hikes that will directly impact farmers, a senior industry official said on Saturday. Read More…
Plans are being drawn up to explore new markets, increase outreach, and give special attention to sectors such as textiles and gems and jewellery, which are likely to be among the hardest hit by the tariff. Read More…
Everyday food items such as UHT milk, pre-packaged paneer (chena), pizza bread, khakhra, chapati and roti will now attract no GST. The Goods and Services Tax (GST) Council is likely to widen the scope of the nil tax slab, moving a range of essential products from 5% and 18% to zero duty. Everyday food items…
On the third and final day of his three-day lecture series in Delhi, RSS Sarasanghchalak Mohan Bhagwat indicated that the Sangh supported the demand that the sites of the Gyanvapi Mosque in Varanasi and the Eidgah at Mathura be given to Hindus. Sangh swayamsevaks were free to associate themselves with any movement for these sites,…
India’s gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Read More…
The government is trying to speed up the rollout of export promotion mission to help exporters, a government official said on Thursday, a day after US imposed a total of 50 per cent tariffs on Indian shipments. Read More…
The Finance Ministry, on August 18, had issued a notification doing away with the 11% tariff on cotton imports, comprising a 5% basic customs duty, 5% agriculture infrastructure and development cess and a 1% surcharge on both. Read More…
The source said that various methods to boost e-commerce exports are being explored, but there is a major difference of opinion among stakeholders regarding the inventory-based model of e-commerce. The Commerce and Industry Ministry has begun consultations with industry stakeholders ranging from major e-commerce players including American retail firms Amazon and Walmart-owned Flipkart to Indian…