India’s oil demand is expected to grow to 5.80 million barrels per day in 2025, up 4.1% from the 5.57 million barrels per day projected in 2024. The cartel highlighted that the growing demand will be supported by increased consumption of gasoline and other petroleum products on the back of growing economic activity. Healthy economic […]
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The share of the US in India’s total exports continuously declined from a high of 21.7 per cent in 1998-99 to a low of 10.1 per cent in 2010-11. Notwithstanding India’s efforts to diversify its merchandise exports, the country’s dependence on the US for its outbound shipments has increased over the past 13 years by […]
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Rerefer to the CBIC Circular No. 204/16/2023-GST dated October 27, 2023 on the issues pertaining to taxability of personal guarantee and corporate guarantee and whether it is applicable for such guarantees given before the date of the circular. The circulars only clarify or convey the understanding of the CBIC about the existing legal position. So, they […]
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The number of unique mutual fund investors is up from 37.9 million in April 2023 to 45.2 million in April 2024, an increase of 19.3 per cent. A poor experience early in their investment journey could turn many of these newcomers off equities for a long time, which is why they must enter the market […]
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Despite headwinds, Indian exporters are looking at a 10-15% increase in goods exports, with some estimating overall exports to touch $900 billion this year, compared with around $780 billion during the last financial year. The goods exports will also bolster industrial production and overall economic activity as well as the demand for technology-driven products and […]
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India has emerged as one of the leading Nation for AI adoption and innovation. As per a report the countries such as India, Singapore, the United Kingdom, and the US have emerged as leaders in AI adoption and innovation. Globally, 67 percent of companies in AI-leading countries report having hybrid IT environments, with India leading […]
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Shri Chandrakant Salunkhe Salunkhe, Founder & President, SME Chamber of India & Maharashtra Industry Development Association has given the best wishes to Shri Piyush Goyal the candidate from North Mumbai for his grand victory in the forthcoming Lok Sabha election and also supported him to get a large number of votes from the members of […]
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Private sector capital expenditure is likely to see a gradual expansion and private investment proposals sanctioned by banks rose by nearly Rs 1 lakh crore to Rs 3 lakh crore in the last year alone. Indian economy is expected to grow 6.8% this fiscal and gross fixed capital formation grew 10.2% in FY24, but it […]
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India’s industrial production growth rate dipped to 4.9% in March 2024, down from 5.7% in February. Whereas, the manufacturing sector saw a growth of 5.2%, slightly up from 5%. Key contributors to this growth included the manufacturing of basic metals, pharmaceuticals and medicinal products and other transport equipment. Notable growth is Manufacture of basic metals, […]
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This included 4.27 crore women employees and 2.15 crore employees in enterprises not covered under the Goods and Services Tax (GST) regime or exempted from the CGST Act, 2017 and the job count has grown 6.8 times. The revision in the definition of MSMEs provided ease in doing business and promoted investment and employment. Moreover, […]
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