DDIndia Business: Economic Headlines & Updates

Business

September 20, 2023 2:31 PM

Widening social security umbrella: ESIC records remarkable growth in registrations

In a significant development, the Employees' State Insurance Corporation (ESIC) has reported a remarkable surge in enrollments and registrations under the ESI Scheme for the month of July 2023. These statistics not only underscore the increasing cove...

September 20, 2023 12:32 PM

CBDT extends deadline for ITR-7 and audit report filings for AY 2023-24

In a much-welcomed move by the Central Board of Direct Taxes (CBDT), the deadline for filing audit reports and Income Tax Return in Form ITR-7 for Assessment Year 2023-24 has been extended. This extension comes as a relief to taxpayers, particularly ...

September 19, 2023 3:56 PM

African Union to launch own credit ratings agency

The African Union plans to launch a new African credit rating agency next year in response to its concerns about what it views as unfair ratings given to African countries. The agency will generate its own evaluation of lending risks associated with...

September 18, 2023 2:59 PM

FOREX-Dollar hovers near six-month high before key central bank decisions

The US dollar is currently at a six-month high as traders anticipate interest rate decisions from the Federal Reserve, the Bank of England, and the Bank of Japan this week. The euro is roughly level against the dollar at $1.0658, while the Japanese y...

September 17, 2023 12:01 PM

Minister Goyal highlights importance of India – Middle East – Europe Economic Corridor for Spice Industry

On September 16, Union Minister Piyush Goyal highlighted the importance that the recently launched India-Middle East-Europe Economic Corridor brings to India’s spices industry. The Minister was addressing the 14th World Spice Congress being held at...

September 15, 2023 4:16 PM

President emphasizes holistic approach to transportation in meeting with Indian Railways Probationers

A group of 213 probationers from the Indian Railways, representing batches from 2019, 2020, and 2021, had the honour of meeting with the President of India, Droupadi Murmu, at the Rashtrapati Bhavan Cultural Centre on September 15, 2023. During this ...

September 14, 2023 2:25 PM

Cabinet resolution on the success of the New Delhi G20 Summit

The Union Cabinet in its meeting today passed a resolution hailing the success of the New Delhi G20 Summit, held on 9-10 September 2023. The Cabinet lauded the vision of PM Modi in setting out various aspects of the theme ‘One Earth, One Family, O...

September 13, 2023 9:45 AM

Consensus reached by GCC countries to ratify Kigali Amendment to the Montreal Protocol

GCC ministers responsible for climate and environment affairs reached a consensus on the Kigali Amendment to the Montreal Protocol on Substances that deplete the Ozone Layer, during their 25th meeting in the Sultanate of Oman. The consensus includes...

September 12, 2023 9:52 AM

Indian Startup Delegation at India Mission in Dubai to strengthen collaboration with UAE

The Consulate General of India in Dubai welcomed a delegation of 15 Indian startups in a bid to foster collaboration and innovation between Indian and UAE entrepreneurial ventures. This delegation, organized by Carve Startup Labs, served as a catalys...

September 12, 2023 9:35 AM

India’s diplomatic endeavours at G20: Strengthening global partnerships

The G20 Summit in New Delhi served as a platform for Indian Prime Minister Narendra Modi to engage in a series of bilateral meetings with world leaders, reinforcing diplomatic ties and discussing key areas of cooperation. These meetings showcased Ind...