The government changed the windfall profits tax on Saturday, increasing the Special Additional Excise Duty (SAED) on crude oil by Rs. 3,150 per tonne and the SAED on diesel and…
Category: Economy
GST Council to meet on Feb 18
The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, will meet on February 18. “The 49th meeting of the GST Council is scheduled to be…
FM Sitharaman says both LIC and SBI have their exposure to Adani Group ‘well within permissible limits’
Finance Minister Nirmala Sitharaman on Friday said both State Bank of India and Life Insurance Corporation have issued detailed statements with respect to their exposure to the embattled Adani Group…
The growing gulf between the net worth of Gautam Adani and Mukesh Ambani
The gulf between Gautam Adani and Mukesh Ambani’s net worth is only widening by the day. Adani, who had briefly become the second-richest person in September last year, has now…
Amul hikes milk prices by Rs 3/litre; check latest rates here
The Gujarat Cooperative Milk Marketing Federation (GCMMF) that markets its products under the Amul brand, has hiked the prices of milk by Rs 3 per litre across all variants. GMCCF…
‘Address to US Congress, dinner at White House’: Joe Biden invites PM Modi for state visit this summer
US President Joe Biden has reportedly invited Prime Minister Narendra Modi for a state visit in either June or July. The invitation has been accepted in principle and Indian and…
Australia to replace Queen Elizabeth’s image on its banknote
Australia will replace the portrait of Queen Elizabeth II from its A$5 currency note with a new design to reflect and honour the history of its Indigenous culture, the country’s…
Mukesh Ambani is back as the richest Asian; Adani’s fortunes take a hit after Hindenburg report
Gautam Adani has slipped in the world top billionaires ranking and is no longer the richest Asian. He has now slipped below his rival, Mukesh Ambani, who has again taken…
Budget 2023: Nirmala Sitharaman’s ‘middle-class bonanza Budget’ draws mixed reactions from political leaders
Finance Minister Nirmala Sitharaman delivered the Narendra Modi 2.0 government’s final complete Budget before the 2024 Lok Sabha elections. Following the adjournment of the Lok Sabha, or Lower House, of…
Budget 2023: FM Sitharaman announces import duty cut on raw materials for lab-grown diamonds
Lab-grown diamonds (LGD) are likely to become cheaper with the reduction of customs duty on LGD seeds to zero from 5 per cent in Budget 2023. Finance Minister Nirmala Sitharaman…