LiveIndia Decreases Import Tax on Soy Oil, Sunflower Oil
India decreases import tax on crude and refined soy oil and sunflower oil by 7.5 per cent, said a government order India is the world’s...
Category : ECONOMY
India Ratings Cuts FY22 GDP Forecast to 9.4%
India Ratings cut its FY22 GDP growth for India to 9.4 per cent from 9.6 per cent. “Seeing the speed of vaccination, it’s clear that...
Govt Declares Tax Refund Under RoDTEP Scheme
The Centre declared tax refund rates under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, covering 75 per cent of tariff lines....
Centre Permits Construction of 16,488 Houses Under PMAY-U
The government has allowed the construction of 16,488 houses in urban areas under the Pradhan Mantri Awas Yojana (PMAY). The Union Housing and Urban Affairs...
India’s GDP Growth in Q1FY22 Observed at 14.2%-23.3%
The Indian economy rose 19-20 per cent in the first quarter this fiscal. The total-year gross domestic product (GDP) is estimated to grow 7.9-9.6 per...
Rice Exports Assumed to be Low in FY22
Rice exports from India are reduced in FY22 compared to FY21 due to excessive freight rates and global market supply. Non-basmati rice will be below...
States Step Up Capex as Tax Revenues Increases
State governments have moved up capital expenditure (Capex) in the first quarter of the current financial year, turning a declining trend saw in the previous...
RBI Continues TLTRO Scheme for Another Three Months
The Reserve Bank of India (RBI) increased the Targeted Long Term Repo Operation (TLTRO), a dedicated liquidity window for another three months. Companies from different...
Parliamentary Committee Recommends Rebuilding Insolvency System
A parliamentary committee has been appointed to review the Insolvency and Bankruptcy Code (IBC) has recommended rebuilding the present system, including a threshold rate of...
Indian Service Sector Remains in Contraction Territory For 3rd Straight Month
India’s services sector is stuck in contraction territory for the third straight month, as business activity, new orders and employment decreased more due to the...