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Tag: industry

Government Not Planning To Levy Any Tax On Diesel Vehicles: Nitin Gadkari

Posted on September 14, 2023 By admin
Government Not Planning To Levy Any Tax On Diesel Vehicles: Nitin Gadkari

Union minister Nitin Gadkari NEW DELHI: Seeking to clarify his remarks on the taxation of diesel vehicles, Union minister Nitin Gadkari said on Thursday that he wanted to convey to automobile manufacturers the need to take steps to reduce pollution and also added that there is no proposal to levy a tax on such vehicles….

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Nation

Domestic passenger vehicle wholesales rise 2.94% in July: SIAM

Posted on August 10, 2023 By admin
Domestic passenger vehicle wholesales rise 2.94% in July: SIAM

Two-wheeler domestic wholesales were down at 12,82,054 units last month, as against 13,81,303 units in July 2022. | file photo | Photo Credit: PTI Domestic passenger vehicles wholesales registered a 2.94 per cent year-on-year increase in July at 3,02,521 units, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday. As per the latest data…

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Business

India’s wholesale prices remain in deflationary territory for third successive month in June

Posted on July 14, 2023 By admin
India’s wholesale prices remain in deflationary territory for third successive month in June

The decline in the inflation rate in June is primarily due to a fall in prices of mineral oils, food products | Photo Credit: Reuters India’s wholesale prices remained in deflationary territory for the third successive month in June, with the pace of price contraction from a year ago quickening to -4.12% from -3.48% in…

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Business

Private sector share in investment sees sharp decline in Q1

Posted on July 13, 2023 By admin
Private sector share in investment sees sharp decline in Q1

“The private sector lost steam and the manufacturing sector, which dominated fresh capex plans in recent quarters, saw a drop in terms of project numbers as well as investments proposed” File | Photo Credit: Reuters Private investors turned cautious in the first quarter of 2023-24, with fresh manufacturing investment plans shrinking 17.5% year-on-year and overall…

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