Finance

The central government is planning to reduce the duty across all grades for iron ore to 10% in order to revive the industry as well as help the industry to stay in the competition despite having a weak commodity market. The prices for iron ore dropped to a decade low ...

In a bid to increase both domestic production and exports, the central government may consider reducing import duty of processing machinery for Tea and Coffee industry.  The Tea and Coffee industry has long demanded for duties on imports of machineries for tea and coffee processing to be reduced. The import ...

The union government is currently working on a two-pointed Budget, unveiling on 29th February, which will drive towards the market economy to have an overall growth but at the same time which will address the rural population and further their growth. The budget is expected to broader social security measures ...

In a bid to increase manufacturing as well as exports, the central government in the coming budget is planning for tax incentives for the leather and gems and jewellery sectors. Finance Minister Mr. Arun Jaitley will unveil the budget on 29th of February. Leather sector is one of the main ...

In accordance with the central government’s strategy to directly reaching out to citizens, the government now has launched a You Tube channel for the Ministry of Finance. Finance Minister Mr. Arun Jaitley said that the ministry from time to time keep announcing and launching new statements regarding Indian economy and ...

 In the midst of the global uncertainty, union Finance Minister Mr. Arun Jaitley has said that it is of prime importance for India to come out of the global crisis as the country is on a much stable side when compared to other countries. Many factors have contributed towards the ...

India with over 220 million smartphone users has surpassed the USA to become the second largest smartphone market in the world in terms of active unique smartphone users. According to a report of Counterpoint Research, Smartphone shipping has also increased to 23.3% and has touched the 100 million units in ...

FM Mr. Arun Jaitley is expected to inaugurate the two—day India Investment Summit starting from February 4th with an objective to attract longer-term investment in the infrastructure sector. Mr. Jaitley is also expected to launch the logo of National Infrastructure and Investment Fund (NIIF) during the summit. Various pension and ...

Using your digital wallet for payment as well as swiping debit/credit cards can now become a saviour for you as it can now save you from taxes. The government may soon announce tax benefits from digital transactions in the upcoming budget after the Payments Council of India (PCI) recommended for ...

India’s industrial output grew 9.8 percent at its fastest pace since October 2010, as measured by the Index of Industrial Production. The double-digit growth in the manufacturing sector points to a strengthening industrial recovery. India’s economy expanded at an annual rate of 7.4 percent in the July-September quarter, outpacing China’s economic growth. Aimed ...