Buying milk is getting expensive across the country and the price could soon hit an all-time high, forcing the world’s biggest producer to step up imports to boost supplies and ease cost of living pressures. Farmers are wrestling with a rare double whammy: the lethal lumpy skin disease in their cows and a drawdown in […]
Continue ReadingGST revenues grew 13% in March 2023, to record the second highest monthly collections of ₹1.6 lakh crore | Photo Credit: AFP India’s Goods and Services Tax (GST) revenues grew 13% in March, to record the second highest monthly collections of ₹1.6 lakh crore from the indirect tax, with receipts from goods imports rising 8% […]
Continue ReadingGST revenues grew 13% in March 2023, to record the second highest monthly collections of ₹1.6 lakh crore. | Photo Credit: AFP India’s Goods and Services Tax (GST) revenues grew 13% in March, to record the second highest monthly collections of ₹1.6 lakh crore from the indirect tax, with receipts from goods imports rising 8% […]
Continue ReadingIndia’s trade deficit with China touched $71.56 billion in the first ten months of 2022-23. Image for representation | Photo Credit: Getty Images India’s trade deficit with China has touched $71.56 billion in the first 10 months of 2022-23, just $1.7 billion short of the record high of $73.31 billion in 2021-22, as per data […]
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The rupee touched a high of 81.99 and a low of 82.14 against the dollar on March 9. | Photo Credit: V Sudershan The rupee pared its initial losses to settle 4 paise higher at 82.02 (provisional) against the U.S. dollar on Friday, tracking the weakness of the American currency in the overseas market. At […]
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The logo of Wipro is seen inside the company’s headquarters in Bengaluru. File | Photo Credit: Reuters Wipro’s move to cut salary offers to freshers awaiting onboarding by almost 50% under one programme has been termed “unjust” and “unacceptable” by employees union NITES, which demanded that the IT company should reconsider its decision. Wipro’s decision […]
Continue Reading.jpg "Watch | Business Matters: What should the Indian economy watch out for in 2023?")
Watch | Business Matters: What should the Indian economy watch out for in 2023? There’s so much happening in the world that we are all once again facing a nebulous situation on several fronts. Both the Russia-Ukraine war which is showing little sign of ending, as well as fear of the next wave of the […]
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The Reserve Bank has raised rates aggressively this year to tame inflation. | Photo Credit: Reuters Under the backdrop of a highly uncertain global environment caused by globalisation of inflation, energy and food shortages, and synchronised tightening of monetary policy worldwide, the Indian economy was exhibiting signs of a gradual strengthening of the growth momentum, […]
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India’s coal production is expected to touch one billion tonnes in the next financial year. Representational image of workers unloading coal from a supply truck in Ahmedabad | Photo Credit: Reuters India’s coal production will touch one billion tonnes in the next financial year from 900 million tonnes this fiscal ending March, as the country […]
Continue ReadingHigh taxation is breaking the backbone of the alcoholic beverage industry in the country, the International Spirits and Wines Association of India (ISWAI) has said. Taxation accounts for 67 to 80% of the prices of alcoholic beverages, leaving little for suppliers and traders to sustain and manage their operations, the association said in a statement […]
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