Search For "5 per cent"
India's ultra-wealthy poised to triple philanthropic contributions to Rs 7
Updated : 1 year, 8 months ago IST
The study found that 90 per cent of the surveyed UHNIs are eager to amplify their philanthropic efforts. If UHNIs allocate just 5 per cent of their incremental wealth, their annual contributions could surge to Rs 75,000+ crore--an over three-fold increase compared to current levels.
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"This decision will augment its wider adoption": Assam Cabinet reduces VAT
Updated : 1 year, 8 months ago IST
To reduce air pollution through the use of clean fuel, the State Cabinet has approved a reduction in Value Added Tax (VAT) on Compressed Natural Gas (CNG) from the present 14.5 per cent to 5 per cent up to March 31, 2027. This will rationalise prices of CNG for consumers and augment its wide
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Government implements uniform 5% tax on aircraft, engine parts
Updated : 1 year, 8 months ago IST
Union Civil Aviation Ministry has announced a uniform 5 per cent Integrated Goods and Services Tax (IGST) rate on all aircraft and aircraft engine parts, effective from July 15th, 2024, according to a press release of Ministry of Civil Aviation.
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Polls, Heatwave, Impacted Logistics Sector in June 2024 - Shriram Mobility
Updated : 1 year, 8 months ago IST
Mumbai (Maharashtra) [India], July 11: The July 2024 edition of the Shriram Mobility Bulletin, released today, provides insightful data on the current state of the automobile and logistics sector. Motor car sales saw a decline of 9 per cent, while fuel consumption for petrol and diesel dropp
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Tata Motors' Jaguar Land Rover retail sales surge by 5 per cent
Updated : 1 year, 8 months ago IST
The global sales of the luxury segment of Tata Motors, Jaguar Land Rover, reported a positive growth in sales on Monday for the first quarter (April-June) of 2024
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TVS Motor Company's Sales Grow By 5 per cent in June 2024
Updated : 1 year, 8 months ago IST
Bengaluru (Karnataka) [India], July 2: TVS Motor Company recorded monthly sales of 333,646 units in June 2024 with a growth of 5 per cent as against 316,411 units in the month of June 2023.
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India Inflection Opportunity Fund (IIOF) Picks-up 5 per cent Equity Stake
Updated : 1 year, 9 months ago IST
Mumbai (Maharashtra) [India], June 27: Delhi-based, Vardhman Appliances Limited ("Vardhman"/ "the Company") confirmed the closure of the Pre-IPO placement round. India Inflection Opportunity Fund picked-up approximately 5 per cent stake in the Company for an undisclosed amount.
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"Elephant is walking slowly, but we are watchful" says RBI Governor on Inf
Updated : 1 year, 9 months ago IST
"The elephant (Inflation) is walking very slowly, and we are watchful about this. It is around 4.9 per cent, 4.8 per cent and earlier it was 5 per cent. Our target is 4 per cent for inflation and we hope it goes the soon and most importantly it should stay there," said Das.
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Household spending may remain low but rural and luxury spending will impro
Updated : 1 year, 10 months ago IST
The report highlights that the growth in what households spend on goods and services is predicted to be quite small, only around 4-5 per cent more than the previous year. This is way less compared to the strong 6.5-7 per cent increase we saw each year from 2011 to 2020.
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RBI proposal of higher provisioning for under-construction projects will h
Updated : 1 year, 10 months ago IST
The Reserve Bank of India's (RBI) proposal to set aside 5 per cent of the loan for construction projects, which is significantly higher than the 0.4% that it used to be earlier, has raised the concerns of the builders. The proposal, however, also provisioned it to be lowered to 2.5% when the
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Demand for Air conditioners soar as temperatures continue to rise, some co
Updated : 1 year, 10 months ago IST
The demand for air conditioners (ACs) have surged during the April month due to the increase in temperature, especially in North and Central India. It has prompted a strong outlook for AC demand until mid-June 2024.
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Growth in Asia-Pacific expected to slow in 2024: IMF
Updated : 1 year, 11 months ago IST
Economic growth in the Asia Pacific region is better than previously projected but is expected to slow from 5 per cent in 2023 to 4.5 per cent in 2024, according to IMF's Regional Economic Outlook for Asia and Pacific.
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