The budget proposal to increase foreign direct direct investment in the insurance sector from 74 percent to 100 percent is expected to come. Foreign insurance companies will be able to open their branches in India and they will not have to find a minor Indian partner, but the inner sources in the industry said that … Read more
Amid the criticism being caused by the transportation of freight from the railways, Railway Minister Ashwini Vaishnav said that the major cargo vision mission of the ministry is on track 3,000 and will lead to a strong increase in freight. Under the mission, the government wants to achieve the target of transportation of 3,000 million … Read more
In the Union Budget, the liberalized money promotion scheme (LRS) has been proposed to increase the tax collection (TCS) limit from Rs 7 lakh to Rs 10 lakh. This is expected to increase tax compliance along with benefits from travel and foreign currency exchange areas. While presenting the Union Budget of 2025-26, Finance Minister Nirmala … Read more
Next week, a delegation of investors of European Free Trade Association (EFTA) with 4 member countries will come to India. This includes Iceland, Switzerland, Norway and Liechtenstein. Commerce and Industry Minister Piyush Goyal said that the delegation would seek the possibility of business opportunities and investment agreements in India. Representatives of EFTA will be in … Read more
India and Britain can resume a conversation on the Free Trade Agreement (FTA) at the end of this month after nearly a year of blockage. Two people who have been aware of the case told business standard that a team led by Britain’s trade and commerce minister Jonathan Reynolds will come to New Delhi on … Read more
At one time, buyers of other states in Delhi used to come to buy campaigning material during a large scale election. But now even during the Delhi Assembly elections, there has been a tota of buyers for publicity material traders. According to traders, the business of campaigning material in Delhi is now dying. This time … Read more
Fitch Ratings said on Monday that India’s pace of decreasing debt is slow, causing a risk of decline in the credibility of the government in the event of major economic shock. However, the rating agency relied on India’s ability to stay on the fiscal outline in the medium period, which aims to reduce debt and … Read more
Finance Secretary Tuhin Kant Pandey said on Monday that the FY 2025-26 general budget has given adequate non-curiosity incentive to the economy, which will continuously strengthen the growth. He said that there has been a balance between increase in budget and inflation. This was done keeping in mind the exchange rates, comprehensive economic stability and … Read more
Manufacturing PMI: The Indian manufacturing sector made a strong start in January. After a little lethargy in December, now the exports have witnessed the fastest lead of nearly 14 years. The new orders have also increased at the fastest speed after July. Due to this, the Manufacturing Purchasing Manager Index (PMI) of January has reached … Read more
Dollar vs rupees: This has led to a huge decline in Indian currency amidst the possibility of Trade War after the US President Donald Trump signed an order to impose fees on Canada, Mexico and China. The Indian rupee fell by 67 paise to a record low of 87.29 per dollar on Monday (February 3). … Read more