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.
Meanwhile, US President Biden has promised new measures to shield steel mills, automakers and other American companies against what he calls trade "cheating" by Beijing, according to the New York Times. The measures are expected to be announced early next week and will include tarrifs on Chi
The Authority attributed the drop in vehicle imports in April 2024 partly to what it called a "massive advance" of vehicle imports in December 2023, on the eve of the increase in the purchase tax on electric vehicles in January 2024.
Mumbai (Maharashtra) [India], May 9: In the ever-evolving landscape of consumer goods, the contract manufacturing industry stands as a cornerstone, facilitating the seamless production of a myriad of products across various sectors. From cosmetics, beauty, personal care to food and beverages
San Francisco (California) [US], May 7: Locus.sh, a global AI-powered integrated logistics management SaaS company, announced its global carrier network for ShipFlex (its innovative multi-carrier parcel management solution) now has over 160 carriers. This significant expansion reflects ShipF
Union Finance Minister Nirmala Sitharaman shared a post on social media on Monday highlighting the two recent achievements in the Goods and Services Tax (GST) architecture.
The tribunal will ensure swift, fair, judicious and effective resolution to GST disputes, besides significantly reducing the burden on higher courts. The establishment of the GSTAT would further enhance the effectiveness of the GST system in India and foster a more transparent and efficient
"Today, mountains of currency notes are being found in the neighbouring state Jharkhand. People are saying "chori ho gaya aur mal pakad raha Modi waha" (theft has taken place and Modi has seized the robbed goods). Now tell me, if I stop their theft, stop their earning, stop their loot, wo
Retail outlets (R/Os) of Indian Oil Corporation Ltd (IOCL), Hindustan Petroleum Corporation Ltd (HPCL), and Bharat Petroleum Corporation Ltd (BPCL) will enforce the daily fuel allocation, like Rs 200 per day for two-wheelers and three-wheelers, Rs 500 per day for four-wheelers.
With India registering the highest GST revenue collection for April this year at Rs 2.10 lakh crore, experts have said record collection has set the stage for pursuing forward-thinking reforms and signifies a potential turning point in the GST collection trajectory
The Gross Goods and Services Tax (GST) collections surged to a record high of Rs 2.10 lakh crore in April month. The GST collection has also registered a 12.4 per cent year-on-year growth.