Indian Economy

The Directorate General of Trade Remedies (DGTR) has recommended the imposition of anti-dumping duty (ADD) on viscose staple fibre being imported from Indonesia. In a notification dated December 19, the DGTR recommended a levy of $0.512/kg as ADD. The DGTR said based on its recommendation, the Centre withdrew ADD on …

The balance of risks is increasingly tilted towards a darkening global outlook and emerging market economies (EMEs) appear to be more vulnerable, even though incoming data suggest that global inflation may have peaked, Reserve Bank of India officials led by Deputy Governor Michael D. Patra wrote in an article in …

The study of Himalayan glaciers is a complex and evolving subject studied through investigations, data collection and analysis of various research studies by scientists in India and all over the world. The glaciers and their characteristics exhibit complex changes in specific locations across different sub-regions of the Himalayas. There are …

The Government has taken several policy initiatives in the past few years and brought in reforms to encourage indigenous design, development and manufacture of defence equipment, thereby promoting self-reliance in defence manufacturing & technology in the country. These initiatives, inter-alia, include according priority to procurement of capital items of Buy …

Members of the European Union last week agreed in principle to implement a minimum tax of 15% on big businesses. Last year, 136 countries had agreed on a plan to redistribute tax rights across jurisdictions and enforce a minimum tax rate of 15% on large multinational corporations. It is estimated …

India’s net direct tax collections in 2022-23 surpassed the ₹11-lakh crore mark by December 17, reflecting a 19.81% uptick over last year’s, the Central Board of Direct Taxes said on Sunday. Last year, in the corresponding period, it was ₹9,47,959 crore. “The net direct tax collection of ₹11,35,754 crore includes …

India’s imports of crude oil rose by 52.6% to $146.57 billion during April-November period, according to Commerce Ministry data. Coal and coke imports increased by 97.7% to $37.25 billion in the same period, the data showed. Gold imports, however, dipped by 18.1% to $27.21 billion during the eight-month period. Oher …

As per IMF’s World Economic Outlook (WEO), October 2022, India is projected to grow at 6.8 per cent in the year 2022 which is one of the fastest among major economies. Major steps taken for reducing carbon emission and moving towards sustainable development goals inter-alia include: Permitting Foreign Direct Investment …

Background: India’s exports declined about 16.7% in October compared with the year-earlier period. This is the first slide reported for any month since February 2021. October imports rose at a much milder pace than earlier, most likely because of softening commodity prices worldwide, and trade deficit widened by as much …

The Chief Minister of Tamil Nadu has set Tamil Nadu the goal of becoming a trillion dollar economy (by 2030), as he has indicated over the past year. This is a good aspirational goal. Tamil Nadu’s GDP this year is expected to be equivalent to $0.31 trillion. To reach the …