NEW DELHI: Standardized valuation, identification of surplus land and norms for the transfer, exchange, lease and commercial sale of land are among the key features of a new framework that…
Category: Economy
Iran war to slow down India’s FY27 economic growth: rating agencies
New Delhi: India’s FY27 economic growth rate is likely to slow from that of the year ended 31 March, due to the West Asia war pushing crude oil to uncomfortable…
India notifies standards for petrol with up to 30% ethanol amid energy crisis
New Delhi: India has laid the technical groundwork for petrol blended with up to 30% ethanol, signalling the government’s intent to move beyond the ongoing E20 rollout as geopolitical tensions…
The mounting stress in the unorganized sector, explained in 5 charts
For decades, India’s unorganized sector has remained a mainstay of employment in the economy, even as its share of economic output has declined. Large companies and factories have failed to…
Oil prices fall 2% as Trump delays planned strike on Iran
Global crude prices fell around 2% on Tuesday morning after US president Donald Trump announced to defer a planned military strike on Iran. At 8:15 AM, the July contract of…
India not looking at a cut in capital gains tax for FPIs: Official
India is not considering a cut in capital gains tax on foreign portfolio investors, or FPI, in the country at this point in time as a measure to stem capital…
Petrol, diesel prices hiked again! Fuel prices increased by 90 paise per litre in 2nd hike in a week
Petrol and diesel prices were raised by 90 paise per litre on Tuesday, marking the second hike in under a week. In the national capital, petrol prices increased from ₹97.77…
Finance ministry asks banks, insurance companies for cost cutting, move to EVs
The finance ministry, on Monday, has directed all public sector banks, insurance companies, and financial institutions to implement austerity measures, including switching to electric vehicles (EVs), curtailing foreign travel, and…
Palm oil is turning into fuel—and India’s import bill could rise
Even as India grapples with oil and gas supply concerns arising from the West Asia war, another pressure point may be emerging in edible oils. Indonesia and Malaysia, the world’s…
Govt imposes ₹3 per litre duty on petrol exports, cuts levies on diesel and ATF
Government imposes Special Additional Excise Duty of ₹3 per litre on export of petrol. According to official gazette notifications issued by Ministry of Finance, the Special Additional Excise Duty on…