World Bank Cuts India’s GDP Forecast to 6.5%
The World Bank reduced India’s growth prediction for 2022-23 (April-March) by 100 basis points, forecasting that the Indian economy will grow at 6.5 per cent, down from 7.5 per cent in June. India’s GDP registered a growth of 8.7 per cent in 2021-22. The Bank marked in its latest South Asia Economic Focus, issued ahead…
Aman Goyal
Government Allows Duty-free Import Of Crude Soybean
The center has exempted duty and agriculture tax on yearly imports of 20 lakh metric tonnes of crude soybean and sunflower oil, said government sources on Tuesday. The duty-free import will be applicable for two financial years (2022-2023, 2023-2024), said the finance ministry. “This will provide significant relief to the consumers”, the government source added. …
Vipin