India Urges a Three-Year Import Tariff on Selected Steel Products
The Indian government proposed a three-year import tariff ranging from 11% to 12% on certain specified steel products. If this proposal gets approved, the steel products tariff will start at 12% in the first year, drop to 11.5% in the second year, and additionally reduce to 11% in the third year. The Directorate General of…
Himanshu
₹1,500 Crore Fund Approved to Promote BHIM-UPI Usage
On Wednesday, the Union Cabinet announced an incentive scheme totalling ₹1,500 crore for low-value United Payments Interface (UPI) payments during FY 2024-25. This incentive aims to encourage small merchants to adopt digital payment methods, enhancing financial inclusion and reducing cash dependency. Key Highlights of the Scheme: “The incentive scheme for promoting low-value UPI transactions, which…
Shipra Prajapati
India’s Import Tax Cuts Present An Opportunity For Tesla
Last Friday, the Indian government announced that it would cut the import tax on vehicles, which is exactly what electric car manufacturers like Tesla and other competitors are looking for to get their foot set in the third-largest car market in the world. For years now, the import tax in India has been very hefty….
ABHYUDAYA MITTAL
Tata Power Solar Unveils India’s Largest Solar Project
Tata has always done its part in building the nation. In true Tata fashion, the company has unveiled India’s largest solar power and battery energy storage project in Chhattisgarh. On Tuesday, Tata Power Solar System Limited (TPSSL) announced that they have commissioned a 100MW solar power project and a 123 MWh Battery energy storage system…
Latest Update: All You Need To Know About New GST Rule
A new rule has been launched for businesses whose turnover is ₹100 crores or above. The GST Network has announced that these businesses have to upload their electronic invoices on Invoice Registration Portal (IRP) within 7 days of the issue of such invoices, which will come into effect from 1 May 2023. Currently, businesses upload…
Sumit
Government To Begin Development Of Enterprises And Services HubsÂ
India is planning to expand its limited Special Economic Zones (SEZs), which are presently focused on exports, into all-encompassing economic hubs with the motive to draw in more foreign investment.   According to a draft released for consultation and industrial units situated in these hubs, which would be known as Development of Enterprises and Services Hubs…
Approves Tata Steel’s Bid to Acquire 93.71% Equity in NINL
The Government on Monday has approved the highest bid of Tata Steel Long Products Limited for acquiring 93.71% equity in Neelachal Ispat Nigam Ltd (NINL), a joint venture of 4 CPSEs ─ MMTC, NMDC, BHEL, MECON, and 2 Odisha Government-owned companies ─ OMC and IPICOL. This is a combined decision of three Ministers ─ Transport…
John David
Full Support To IT Industry in Pushing Growth- Piyush Goyal
Piyush Goyal, Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textile, believes that India’s top IT companies will have a great contribution in raising services exports to $1 trillion as India is on the right track to achieve its merchandise exports target of $400 billion this year. During a crucial…
