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India smartphone market logs 169 mn units shipment in 2021: Report

Fri, 01/21/2022 - 08:07
India's smartphone market registered its highest-ever shipments at 169 million units in 2021, according to a report by Counterpoint Research.

Most people feel I-T exemption limit could be raised from Rs 2.5 lakh: KPMG

Fri, 01/21/2022 - 07:54
A majority of respondents (64 per cent) feel that the Union Budget 2022-23, to be unveiled on February 1, will increase the basic income tax exemption limit from the current Rs 2.5 lakh

India aiming a target of $500 billion exports for FY23: DGFT official

Fri, 01/21/2022 - 05:28
India has set up a target of 500 bn exports for the 2022-23 fiscal, a top government official said on Friday, contending that the COVID-19 pandemic has taught the country to reimagine world trade.

Gems, jewellery exports grow 5.76% to $29 billion in Apr-Dec 2021

Fri, 01/21/2022 - 05:09
Gems and jewellery exports in the April-December 2021 period grew by 5.76 per cent to USD 29.08 billion on account of healthy demand in major countries including the US, Hong Kong and Thailand

India's next UPI moment can be Open Network Digital Commerce: Piyush Goyal

Fri, 01/21/2022 - 04:34
ONDC will help the common man get access-new age technology at affordable costs

Govt asks airlines to enforce one handbag rule to ease airport congestion

Fri, 01/21/2022 - 03:24
Airline execs say the rule is conflicting as it permits a passenger to carry multiple other things like laptop bag, ladies' hand bag, blanket, item bought at duty free shops

US lawmakers seek litigation at WTO against India on wheat subsidy

Thu, 01/20/2022 - 20:51
Top US lawmakers have urged the Joe Biden administration to initiate a litigation process at WTO against India subsidising its farmers over half of the value of production for wheat.

MSMEs have manufacturing cost advantage in global value chain: Official

Thu, 01/20/2022 - 20:43
There is tremendous potential for Indian MSMEs to be integrated into the global value chain due to their manufacturing cost advantage, and to achieve high growth, MSME Secretary B.B. Swain said

CPI numbers for agricultural, rural labourers up by 5 points in Dec 2021

Thu, 01/20/2022 - 20:27
The All-India Consumer Price Index Numbers for agricultural and rural labourers for the month of December 2021 increased by 5 points each to stand at 1097 and 1106 points respectively.

Bring EV financing under priority sector lending: Industry body

Thu, 01/20/2022 - 15:11
Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for FY 2022-2023 on February 1

Finance Ministry eases expenditure norms to spur spending in last quarter

Thu, 01/20/2022 - 14:46
The relaxation is applicable with immediate effect for the current financial year or until further order

Finance ministry doubles January tax devolution to state governments

Thu, 01/20/2022 - 14:41
Front-loading of fund transfer to help states manage Covid, undertake capex

Retail inflation for farm, rural workers rise to 4.78%, 5.03% in Dec

Thu, 01/20/2022 - 14:37
Retail inflation for farm and rural workers rose to 4.78 per cent and 5.03 per cent respectively in December 2021, mainly due to higher price of certain food items, official data showed on Thursday. "Point to point rate of inflation based on the CPI-AL (consumer price index for agricultural labour) and CPI-RL (rural labourers) stood at 4.78 per cent & 5.03 per cent in December, 2021 compared to 3.02 per cent & 3.38 per cent respectively in November, 2021 and 3.25 per cent and 3.34 per cent respectively during the corresponding month of the previous year (December 2020)," a labour ministry statement said. Food inflation stood at 2.99 per cent (farm labour) and 3.17 per cent (rural labour) in December 2021, compared to 0.88 per cent and 1.07 per cent respectively in November 2021, and 2.97 per cent and 2.96 per cent during the corresponding month of 2020. The All-India Consumer Price Index numbers for agricultural labourers and rural labourers for December 2021 increased by 5 ...

182 factoring companies for MSMEs now, up from seven earlier

Thu, 01/20/2022 - 14:23
The RBI has allowed all non-deposit taking NBFC-Investment and Credit Companies (NBFC-ICCs) with asset size of ₹1,000 crore and above to carry on with factoring business

RBI holds special repo auction as GST outflow tightens liquidity

Thu, 01/20/2022 - 14:19
Rs 50,000-cr auction drew bids worth Rs 65,700 cr from the banking system; cut-off rate at 4.06%

67% of Karnataka-based firms favour phased rollout of Labour Codes: Survey

Thu, 01/20/2022 - 11:03
The survey was done by Karnataka Employers' Association (KEA) and employment law consulting firm BCP Associates

Institutional investments in real estate falls 81% to $670 mn in Dec qtr

Thu, 01/20/2022 - 10:57
The investment period has been captured based on term sheet signed or transaction announcement and not from the actual transfer of capital

Gadkari calls for attracting more foreign investments into MSME sector

Thu, 01/20/2022 - 10:12
He was speaking at a virtual international conference organised by the chartered accountants' apex body ICAI

Greater interaction among govt, academia, industry needed: NITI Aayog V-C

Thu, 01/20/2022 - 10:02
The gross enrolment ratio in India is 27 per cent while the world average is 37 per cent, he said

EPFO adds 1.3 million subscribers in November 2021, clocks 38% YoY rise

Thu, 01/20/2022 - 09:57
Retirement fund body EPFO added 13.95 lakh subscribers on a net basis in November 2021, an increase of nearly 38 per cent compared to the year-ago period, according to the latest payroll data.