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Economy

January 5, 2024 10:32 AM

Toy Industry registers 239% increase in toy exports in 2022-2023

The Indian Toy industry witnessed a rise of 239% in exports in 2022-23 as compared to 2014-15. It has been noted in a case Study on “Success Story of Made in India Toys” released by Secretary of Department for Promotion of Industry and Internal T...

January 4, 2024 1:31 PM

Indian Missions honoured with ODOP award in New York, Vancouver and Nicosia

The Consulate General of India in Vancouver, the Consulate General of India in New York, and the High Commission of India in Nicosia, Cyprus received the National One District One Product Awards in the 'Missions' category. They were honoured for thei...

January 2, 2024 3:35 PM

BRICS expansion: Shaping a Multipolar World

By Jessica Taneja: The BRICS alliance, initially forged in 2006 by Brazil, Russia, India, China, and South Africa, has undergone a transformative expansion in 2024. With the inclusion of Egypt, Ethiopia, Saudi Arabia, the United Arab Emirates, and I...

January 2, 2024 3:41 PM

Russia takes over BRICS chairmanship, considering inclusion of about 30 other countries

As Russia assumes the 2024 BRICS chairmanship, Russian President Vladimir Putin stressed the commitment to advancing global development and security through the theme "Strengthening Multilateralism for Equitable Global Development and Security." "Ru...

January 2, 2024 9:06 AM

GST collections continue robust growth, rise 10% to Rs 1.64 lakh crore in December

On the first day of the new year, there was uplifting news on the economic front as the Goods and Services Tax (GST) revenue collection witnessed a significant annual increase of 10% in December. According to the Ministry of Finance, the GST revenue ...

January 1, 2024 2:54 PM

Commercial gas cylinders become cheaper

The price of commercial gas cylinders has been reduced on the first day of the New Year 2024. Giving major relief, public sector oil and marketing companies have reduced the price of a 19-kg commercial gas cylinder by Rs 1.50 to Rs 4.50. The new rate...

January 1, 2024 1:20 PM

NPCI unveils UPI for secondary market

The National Payments Corporation of India (NPCI) officially introduced 'UPI for Secondary Market' on Monday, enhancing the ease of equity trading in the country. The initiative, approved by the Securities and Exchange Board of India (SEBI) a...

December 27, 2023 8:51 AM

RBI releases a draft- ‘Licensing Framework for Authorised Persons’ under FEMA

The Reserve Bank of India (RBI) has released a draft- 'Licensing Framework for Authorised Persons (APs)' under Foreign Exchange Management Act (FEMA), 1999. According to RBI release, the focus of the draft norms is on rationalising the authorisation...

December 26, 2023 8:25 PM

TCIL presents Rs 14.20 cr. dividend to government for FY 2022-23

Telecommunications Consultants India Ltd (TCIL) has recently disbursed a dividend of Rs 14.20 crore to the government, marking another successful financial year. The Chairman & Managing Director, Sanjeev Kumar, handed over the dividend cheque to ...

December 22, 2023 12:28 PM

India extends import duty reduction for edible oils to March 2025

India will allow the import of edible oils at lower import tax rates until March 2025, according to a government order, as the world's biggest importer of vegetable oil moves to keep a lid on local prices. The lower import duty structure on crude pa...

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