PHDCCI submits economic memorandum to Fin-Min ahead of Union Budget 2024-25
NEW DELHI : In anticipation of the Union Budget for the fiscal year 2024-25, the PHD Chamber of Commerce and Industry (PHDCCI) has submitted a comprehensive memorandum on the economy to the Union Finance
Government says IMF debt warning a worst case scenario
NEW DELHI : The Indian Government said on Friday a warning from the International Monetary Fund (IMF) that the country’s debt to GDP ratio could hit 100 per cent was a worst-case scenario, and
Lok Sabha passes Bill to give immediate effect to Customs & Excise Duty proposals in Budget
NEW DELHI : The Lok Sabha on Tuesday passed a Bill that seeks to give immediate effect to the changes in customs and excise duties announced in the Budget. The House after a brief
Centre likely to achieve fiscal deficit target of 5.9% of GDP in FY24
NEW DELHI : The Indian government is likely to achieve its fiscal deficit target of 5.9% of gross domestic product (GDP) in the financial year 2023-24, Junior Finance Minister Bhagwat Karad said on Monday. India’s fiscal
Indian Govt is likely to address inverted duty structure for certain products in Budget
NEW DELHI : The government is likely to address the issue of inverted duty structure for certain products in the forthcoming Budget to boost domestic manufacturing, an official said. Inverted duty structure refers to
VOC Port’s Rs 7056 Cr outer harbour box terminal gets PPPAC nod
THOOTHUKUDI : Union Government-owned V O Chidambaranar Port Authority located in Tamil Nadu’s Thoothukudi district has secured backing from the Public-Private-Partnership Appraisal Committee (PPPAC) to build a 4 million twenty-foot equivalent units (TEUs) capacity
DRI celebrates 66th Founding Day in Gandhinagar
GANDHINAGAR : The Directorate of Revenue Intelligence (DRI), the apex anti-smuggling agency of the Central Board of Indirect Taxes & Customs (CBIC), celebrated its 66th Foundation Day at Gift City Club, Gandhinagar, Gujarat. In her
Finance Ministry may assume nominal GDP growth at 11% for FY25
NEW DELHI : The Finance Ministry may peg nominal gross domestic product (GDP) growth at around 11 percent for the next financial year, about 50 basis points higher than the estimate for 2023-24, a