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…
Category: Economy
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…
Oil prices up over 2% after drone attack on UAE’s nuclear power plant
Oil prices climbed sharply on Monday after a drone attack near a nuclear power plant in the UAE heightened fears of fresh hostilities in West Asia. At 7:20 am, the…
Centre plans special FASTags for toll-exempt vehicles under AI highway tolling
NEW DELHI: The Centre is developing a separate category of FASTags for toll-exempt vehicles as part of its nationwide rollout of barrier-free highway tolling under the Multi-Lane Free Flow (MLFF)…
Online compliance to speed up environmental clearance for industrial expansion
NEW DELHI: The government has digitised the compliance process for environmental clearances linked to industrial expansion, in a move aimed at easing regulatory burdens and accelerating project approvals, said two…
US Federal Reserve names Jerome Powell interim chief amid leadership transition: ‘Action consistent with past practice’
Jerome Powell will serve as interim chair of the US Federal Reserve’s Board of Governors until his successor, Kevin Warsh, is formally sworn in, they announced on Friday, local time.…
The week in charts: PM Modi’s austerity call, MSP hike, sugar export ban
From Prime Minister Narendra Modi urging austerity measures as the West Asia war inflated India’s import bills, to the Centre raising minimum support prices for key kharif crops to ensure…