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Union Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay Malhotra during the 50th Goods and Services Tax (GST) Council Meeting at Vigyan Bhawan, in New Delhi, on July 11, 2023. | Photo Credit: PTI The Goods and Services Tax (GST) Council, at its 50th meeting on July 11, reduced or clarified the tax rate on…
Read More “GST Council to impose 28% tax on online gaming firms” »
Tiptur in Tumakuru district and Arsikere in Hassan district are the prime coconut markets in Karnataka. | Photo Credit: Special Arrangement Coconut growers in Karnataka are losing sleep over the continuous fall in copra prices. The prevailing price in the market, they claim, is insufficient even to meet the input cost. In November 2022, the…
Representational image of oil pump jacks in Russia | Photo Credit: Reuters The Congress on Monday questioned the Narendra Modi government’s decision to purchase Russian crude oil, using the Chinese currency Yuan. Addressing a press conference at Congress headquarters, party spokesperson Gaurav Vallabh said that the government of India had started making payments to Russia…
Read More “Paying for Russian crude in Yuan an insult to martyrs: Congress” »
The Union Food Ministry indicated that it is willing to make changes to the Open Market Sales Scheme after the first e-auction of rice | Photo Credit: SHIV KUMAR PUSHPAKAR As the Congress attacked the Centre on Monday over the reluctance of private players to auction rice from the Food Corporation of India (FCI) under…
Read More “Food Ministry indicates willingness to tweak OMSS after lukewarm response” »
Experts say while drone applications occupy an important place in the Agriculture 4.0 vision, the innovations work best when allied with policy-level interventions to sustain the agricultural sector. | Photo Credit: KSL Agri-drone maker IoTechWorld Avigation on 10th July said it has secured a large contract from cooperative fertiliser major IFFCO for supplying 500 drones,…
Read More “IoTechWorld bags order from IFFCO for supply of 500 agri-drones” »
Piyush Goyal, Minister of Commerce & Industry. File. | Photo Credit: Kamal Narang Union Commerce, Industry and Textiles Minister Piyush Goyal is heading for a two-day visit to London, starting Monday, to take forward negotiations for bilateral trade pacts with the United Kingdom and the four-nation European Free Trade Association (EFTA) bloc. Mr. Goyal will…
Read More “Union Commerce Minister Piyush Goyal to push trade deals in U.K.” »
The steep discounts on Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain ‘opaque’ and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the $60 per barrel price cap imposed by the West…
Read More “Russia oil discount to India shrinks to $4, delivery charges remain opaque” »
Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia on June 4, 2023. | Photo Credit: Reuters The story so far: As India continues to import oil from Russia, it is getting tougher for the country to pay for it. On the one hand, it faces repercussions of breaching the oil price cap…
Read More “Explained | Why are India-Russia trade payments in crisis?” »
The Chinese Ministry of Commerce announced that it would implement export controls on items related to gallium and germanium. | Photo Credit: Reuters The story so far: On July 3, in what is being seen as the country’s retaliatory move in the ‘chip war’, the Chinese Ministry of Commerce announced that it would implement export…
Read More “Explained | Why is China limiting exports of raw materials? ” »
It’s peak mango season in north India, but varieties of the fruit arriving in the market lack taste, odour and colour. Untimely rains, hailstorms and attacks by semi-looper caterpillars are being cited as reasons for the dip in quality in both home-grown varieties such as Alphonso, Kesar, Dasheri, Chausa, Langda and Lucknowi, and hybrid ones…
Read More “Rain, pests drain mangoes of colour, flavour in north India” »