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Category: Economy

“Explore cutting-edge insights on global markets with our Economy Blog. Dive into expert analyses on economic trends, financial policies, and investment strategies. Stay ahead with our in-depth reports on market dynamics, fiscal developments, and economic forecasting. Ideal for investors, policymakers, and anyone interested in the economic landscape.”

Green channel: India’s answer to China’s e-commerce export success

India to create a green channel for E-commerce exports India is looking to create a green channel for e-commerce exports on the lines of China’s cross-border e-commerce-integrated pilot zones which offer streamlined customs procedures to promote faster movement of such shipments. The move is expected to aid sellers relying on online platforms, especially micro, small […]

Highway Construction Boost: Vision 2047’s Mega Plan on the Horizon

India is set to embark on a massive infrastructure development project that aims to build 50,000 km of high-speed access-controlled corridors by 2047. This ambitious plan is part of the government’s vision to transform India into a developed economy with a GDP of approximately USD 30 trillion by 2047 . The plan also includes the […]

Centre Stands to Gain ₹55,000 Crore in Dividends from Key CPSEs

The Centre is set to receive a windfall of dividends from its Central Public Sector Enterprises (CPSEs) in the current financial year, thanks to the strong performance of energy, power and commodity firms amid rising global prices. The dividend receipts from CPSEs are likely to be around ₹55,000 crore in FY23, which is 28% higher […]

Petrochemical Duty Concessions: The Contention in India-Oman FTA Talks

India and Oman are in the final stages of negotiating a free trade agreement (FTA) that is expected to boost bilateral trade and investment. However, one of the key issues that may delay the conclusion of the deal is the demand for customs duty concessions on petrochemical products such as polypropylene and polyethylene, which are […]

CMFRI’s recommendations for sustainable fishing in the EEZ

The ICAR-Central Marine Fisheries Research Institute (CMFRI) has put forth a comprehensive set of recommendations to the central government for regulating fishing activities beyond the territorial waters of India. The recommendations are based on a detailed study of the socio-economic and ecological aspects of marine fisheries in the country. Background India has a vast marine […]

GST officers detect over 29,000 bogus firms involved in fake ITC caims of Rs 44,000 cr

Nationwide Operation Against GST Evasion In a significant nationwide operation, GST officers have identified 29,273 fake firms involved in illicit Input Tax Credit (ITC) claims, totalling a staggering Rs 44,015 crore over eight months until December 2023. This drive against fraudulent registrations has been instrumental in safeguarding government revenue, amounting to Rs 4,646 crore. Critical […]

Network Planning Group’s Evaluation in PM GatiShakti’s Infrastructure Drive

The 63rd Network Planning Group (NPG) meeting, held at Vanijya Bhawan, New Delhi, under the leadership of Special Secretary (Logistics), DPIIT, Smt. Sumita Dawra, discussed several infrastructure projects that aim to enhance the logistical efficiency and connectivity of the country . The projects discussed included a significant new railway line traversing Odisha and Chhattisgarh, facilitating […]

Commerce Ministry Announces: 52% Fall in Toy Imports, 239% Rise in Exports

The Indian toy industry has witnessed a significant transformation over the past few years, as highlighted by the Ministry of Commerce and Industry. The financial year 2022-23 marked a pivotal point with a 52% reduction in toy imports and a staggering 239% increase in exports compared to the figures from the financial year 2014-15. Detailed […]