Government Plans to Sell FCI Rice Under New ‘Bharat’ Brand
In response to the escalating food inflation in India, the government is considering introducing ‘Bharat Rice’ under the Food Corporation of India (FCI) at a discounted rate. This initiative follows the successful implementation of discounted prices for ‘Bharat atta’ (wheat flour) and ‘Bharat dal’ (pulses). Key Points of the Initiative: Discounted Pricing: The proposed ‘Bharat […]
India-ASEAN Trade Agreement Set for Modernization Review in February
India and the ten-member Association of Southeast Asian Nations (ASEAN) are set to commence crucial negotiations in February with the goal of modernizing their decade-and-a-half-old Free Trade Agreement (FTA). This move comes as part of a broader effort to address the significant trade imbalance currently existing between India and ASEAN countries. The ASEAN India Trade […]
India Predicted to Rise as Third-Largest Economy by 2032, CEBR Reports
According to the Centre for Economics and Business Research (CEBR), India is on track to become the world’s third-largest economy by 2032, eventually emerging as the largest economic superpower by the end of the century. This forecast is part of the CEBR’s latest World Economic League Table report. The report highlights several factors contributing to […]
A New Era in India-UAE Relations: First Oil Transaction in Rupees
The historic transaction between India and the United Arab Emirates (UAE) involving the first-ever rupee payment for the purchase of crude oil represents a significant shift in international trade dynamics, particularly in the context of India’s economic strategies and global trade relations. Here’s a more detailed exploration of this event: Background and Context Bilateral Trade […]
RBI Sets New Standards in Banking with Cloud Technology
This initiative marks a significant step towards enhancing data security, privacy, and ensuring business continuity in the banking and financial institutions in India.
India Extends Duty Relief on Edible Oils and Lentils Until 2025
The Solvent Extractors’ Association of India (SEA) has estimated that India’s import of edible oils—palm, soybean, and sunflower—is expected to reach a record 17 million metric tons (MMT) in the current year.
Transforming Trade Settlements: SEBI’s Game-Changing T+0 Proposal
Initially, the T+0 settlement will be available for the top 500 listed companies based on market capitalization.
SAHAJ and SUGAM: Decoding CBDT’s Latest ITR Forms for Individuals and Businesses
The Central Board of Direct Taxes (CBDT) has notified the Income Tax Return (ITR) Forms ITR-1 (SAHAJ) and ITR-4 (SUGAM) for the Assessment Year (A.Y.) 2024-25.
Rs 291 Crore Investment: TDF’s Game-Changing Projects in Defense
Managed by the Defence Research and Development Organization (DRDO) as part of the “Make in India” initiative, the TDF has sanctioned 70 projects to various industries, amounting to a total investment of Rs 291.25 crore.
Nearly 58,000 Artisans Embrace Opportunities Under PM Vishwakarma Scheme
This central sector scheme, launched by the Ministry of Micro, Small, and Medium Enterprises (MSME), aims to provide comprehensive support to artisans and craftspeople, enhancing their skills, offering financial assistance, and integrating them into modern markets.