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India’s foodgrain production hits record 332.22 MT in 2023-24: Govt:
The Ministry attributed decline in pulses, coarse cereals, soybean and cotton production to drought-like conditions in Southern States,…
Ministry of Finance Year Ender 2024: Department of Financial Services
Department of Financial Services (DFS), Ministry of Finance organized a colloquium of Chairpersons of Debt Recovery Appellate Tribunals…
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…
22nd Edition – INDIA SME EXCELLENCE AWARDS | 2023-03-25
22nd Edition – INDIA SME EXCELLENCE AWARDS Shri Arpit Sidhpura, Director, M/s Maksteel Wire Healds Pvt. Ltd., Vadodara,…
Govt sets higher MSME lending target of Rs. 27.5 lakh crores for FY25
The FY25 target is over 10% more than the previous year’s lending. The Secretary noted that the Government…
New Skills needed to support domestic tourism as it transforms, with wellness, other activities as new pivots
Urged leaders of hotel industry to develop a road map for Patnitop as a pre-eminent tourism destination: MoS…
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Net direct tax collections grew 9.8% to Rs.4.62 trillion till mid-June
India’s net direct tax collections for 2024-25 (FY25) grew 9.81% to Rs 4.62 trillion till June 16 of the first quarter over the same period in FY24. Of the total tax collected until June 16, corporation tax accounted for Rs 1.81 trillion, while personal income tax (I-T) stood at Rs 2.69 trillion. This includes advance […]
New EU rules seen to restrict exports of textiles & footwears
The European Union’s new eco design regulation, setting stringent sustainability requirements for all products in the bloc, is expected to hit Indian exporters, particularly smaller businesses, as it bans the destruction…
Corporate capex growth slows in FY24 after picking up pace in FY23
After picking up pace in 2022-23 (FY23), growth in capital expenditure by the corporate sector in capacity expansion and new projects slowed in 2023-24 (FY24). The combined fixed assets of…
Budget 2024-25 likely to retain FY25 fiscal deficit target of 5.1%
Union Finance Minister, Nirmala Sitharaman could stick to the fiscal deficit target of 5.1 per cent of gross domestic product (GDP) for 2024-25 (FY25), same as the Interim Budget, when…
Value-add target in new PLI scheme for electronics manufacturing may double
In a move to deepen manufacturing in electronics in India, the Centre is targeting 35-40 per cent value-addition through the yet-to-be launched production-linked incentive (PLI) scheme for electronics components. This…
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