RBI Governor Shaktikanta Das on June 7, 2024, said the Monetary Policy Committee has decided to keep the repo rate unchanged at 6.5%. File | Photo Credit: ANI The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%. The decision, taken at the…
Kishore Jayaraman, president of Rolls-Royce, India and South Asia, spoke at a session on “Smart Manufacturing” organised by TexasVentures and CODISSIA in Coimbatore city on Friday June 7, 2024. | Photo Credit: PERIASAMY M Creation of jobs is key for advancement of the country, said Kishore Jayaraman, president of Rolls-Royce, India and South Asia, in…
Idly/Dosa Batter. | Photo Credit: Bijoy Ghosh Instant mixes, including idli, dosa and khaman flour, cannot be classified as chhatua or sattu and 18% GST should be levied on them, the Gujarat Appellate Authority for Advance Ruling (GAAAR) has ruled. Gujarat-based Kitchen Express Overseas Ltd had approached the AAAR against the ruling by the GST…
Passenger vehicle registrations dipped to 3,03,358 units last month, compared with 3,35,123 units in May 2023. File | Photo Credit: V. V. Krishnan Domestic passenger vehicle retail sales declined 1% year-on-year in May, as blistering summer heat and elections impacted demand, automobile dealers’ body FADA said on June 10. Passenger vehicle registrations dipped to 3,03,358…
Former NITI Aayog Vice Chairman Rajiv Kumar. File | Photo Credit: BIJOY GHOSH Prime Minister Narendra Modi led-NDA government in its third term must tackle the problem of unemployment in India, especially in the unorganised sector and in small and medium enterprises, former NITI Aayog Vice Chairman Rajiv Kumar said on June 10. Mr. Kumar also…
The Centre on June 10 decided to release an additional installment of the tax devolution share of States along with their due share for June 2024. Effectively, ₹1,39,750 crore is being transferred to States this month. The move is seen as a goodwill gesture by the newly formed NDA government towards States, including its key…
File picture of Congress leader Jairam Ramesh | Photo Credit: ANI The Congress slammed the Centre on Monday after it authorised the release of tax devolution to States for June and said this is “third-rate PR” trying to pass off what is legitimately due to States as some “prasad” being distributed. The Centre on Monday…
The World Economic Forum said India’s economic parity score has trended upwards for the past four years. | Photo Credit: AFP India has slipped two places on the World Economic Forum’s (WEF) Global Gender Gap index to 129th place, while Iceland retained its top position in the rankings published on June 12. Within South Asia,…
At nearly 82% of GDP, India’s public debt is very high, but the country doesn’t face debt sustainability issue on account of high growth rate and higher share of local currency debt, NCAER Director General Poonam Gupta has said. | Photo Credit: iStockphoto At nearly 82% of GDP, India’s public debt is very high, but…
Money spinners: Sales tax collections from petro products, which constitute 7-8% of revenue, were projected to grow 3-4%. File photo. | Photo Credit: A.M.FARUQUI Revenues of India’s top 18 States are likely to grow by 8%-10% this fiscal year to about ₹38 lakh crore, accelerating from a 7.5% uptick in 2023-24, largely aided by a…
