RBI Governor confident of 7.2% GDP growth in FY25
MUMBAI : The Reserve Bank of India (RBI) Governor Shaktikanta Das, on June 25, said he is confident that India’s growth will touch 7.2 percent in the current financial year. “We are confident about 7.2
Industry pitches for tax reduction, rationalisation of duty structure in Budget
NEW DELHI : In an effort to boost the economy, representatives of various industries on Tuesday urged Finance Minister Smt Nirmala Sitharaman to reduce the incidence of indirect taxes and rationalise duty structure wherever
Govt proposes new bank to bridge credit gap for MSMEs
NEW DELHI : The government is considering a proposal to set up a separate bank for direct lending to the micro, small and medium enterprises (MSMEs) to deepen credit flows to the under-penetrated sector
UK surpasses China to become India’s 4th largest export market
NEW DELHI : The United Kingdom (UK) has overtaken China to become India’s fourth-largest export market in May 2024, commerce department data showed. The UK was India’s sixth-largest export destination in May last year. While exports to the UK grew by
Fship plans major expansion: Hiring 100+ professionals to fuel 30% month on month shipment growth
NEW DELHI : Fship, a Delhi/NCR-based, technology-driven shipping aggregator and end-to-end logistics solution provider, is gearing up for a major expansion. The company has announced plans to recruit over 100 new employees by the
S&P retains India’s FY25 GDP forecast at 6.8%; lower than RBI’s estimate
NEW DELHI : S&P Global Ratings on Monday retained India’s GDP growth forecast for the current financial year at 6.8 per cent and said high interest rates and lower fiscal spur would temper demand.
GST Council proposes to restrict IGST Refunds on Goods Subject to Export Duty
NEW DELHI : The GST Council recommended important amendments in Section 16 of the IGST Act and Section 54 of the CGST Act. The proposed amendments seek to restrict the refund of IGST in
DGFT and Revenue Dept working on dedicated hubs to boost e-commerce exports
NEW DELHI : In a bid to boost India’s e-commerce exports, the Directorate General of Foreign Trade (DGFT) is working with the Department of Revenue to establish designated e-commerce hubs across the country to
