Category: Economy Concepts

India’s market for technical textiles is targeted to touch $40 billion by 2030 from the current $23 billion, said Rajeev Saxena, Joint Secretary, Ministry of Textiles.

Directorate General of Foreign Trade (DGFT) imposed a minimum export price (MEP) of $ 800 per tonne on onion exports till December 31 2023.

Core sector output grew 8.1% in September

Direct Taxes Data shows robust growth in gross total income of individuals and a widening tax base.

Supreme Court held that DTAA cannot be given effect unless notified under Section 90 Income Tax Act which prescribes tax relief under the DTAA.

Periodic Labour Force Survey (PLFS), carried out by the National Sample Survey Office (NSSO), has reported that unemployment rate in urban areas of the country has shown a decrease during the period April-June 2023.

Surety Insurance Bonds market – an alternative to bank guarantees in infrastructure projects — has failed to take off in the last three years due to technical and financial impediments.

India’s current account deficit (CAD) widened to $9.2 billion (1.1% of GDP) in the April-June quarter, from $1.3 billion (0.2% of GDP).

Finance Ministry has notified final rules outlining valuation methods for non-resident and resident investors under the new angel tax mechanism in the Finance Act 2023.

Exercising power under Section 45L of the RBI Act 1934 RBI has mandated All India Financial Institutions (AIFIs) to maintain a capital adequacy ratio (CAR) of 9% by April 2024 (July 2024 for NHB).

The inclusion of Indian government bonds (G-Secs) in JP Morgan’s bond indices could draw foreign fund inflows in the range of $30-$40 billion.

Liquidity deficit surges to a 4-year high of ₹1.47 lakh crore on tax outflows.