Cost inflation index for FY25 higher than last fiscal’s

The income tax department has notified the cost inflation index (CII) for FY25, relevant to assessment year 2025-26, at 363, which is higher than 348 for FY24, and 331 for FY23. The CII is a tool used to measure inflation for computing long-term capital gains on the sale of assets, including immovable property, securities and […]

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Commerce ministry’s draft strategy to negotiate future FTAs to be circulated among key departments soon

The commerce ministry has prepared a draft comprehensive strategy for negotiating future Free Trade Agreements (FTAs) and it will be circulated to certain key departments soon to get their feedback, an official said. The draft strategy in the form of a Standard Operating Procedure (SOP) was recently discussed in a meeting involving former commerce secretaries, […]

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Indian digital economy growing at 2.8%, will reach $1 trn by FY28: IT Min

Synopsis The government earlier expected India to reach the $1 trillion-mark by 2026-27 but the target has been moved by a year due to various reasons, including the Covid-19 pandemic, IT minister Rajeev Chandrasekhar said. India’s digital economy is growing at 2.8% per annum and is expected to reach $1 trillion by 2027-28, Minister of State […]

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Chabahar Port: Why is it a Game Changer for India?

India has signed a historic agreement with Iran to develop the Chabahar Port. Under this agreement, India will invest $120 million in the development and operation of the Shahid Beheshti Terminal at Chabahar Port, along with $250 million to be sourced through debt financing. However, it’s noteworthy that a similar agreement was signed between the […]

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MahaRERA proposes self-declaration of project quality by realty developers

The above measures are intended to guarantee that construction projects adhere to high standards of quality and safety, benefiting homebuyers and bolstering the overall credibility of the real estate sector. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has proposed that realty developers provide an annual self-declaration of their projects’ quality assurance based on multiple parameters […]

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India’s oil demand to grow 4% to 5.8 mbd in 2025: OPEC

India’s oil demand is expected to grow to 5.80 million barrels per day in 2025, up 4.1% from the 5.57 million barrels per day projected in 2024. The cartel highlighted that the growing demand will be supported by increased consumption of gasoline and other petroleum products on the back of growing economic activity. Healthy economic […]

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