India’s GDP growth is projected to slow to 6.5% in the second quarter of FY25, down from 6.7% in the first quarter, due to a deceleration in high-frequency indicators, according to a report by SBI economists, reports FE.
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On Tuesday, the government imposed an anti-dumping duty on welded stainless-steel pipes and tubes imported from Vietnam and Thailand, following the recommendations of the Directorate General of Trade Remedies, according to ET reports.
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The cigarette industry is targeting a revenue growth of 9% -10% this fiscal year, up from 10% the previous year, according to a CRISIL Ratings report.
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According to ET, liquor sales in October surged due to festive occasions and gifting trends, with states such as West Bengal, Delhi, and Telangana reporting significant increases.
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Due to strong domestic demand, India’s gold imports increased by 21.78% to USD 27 billion in April-September 2023-24, affecting its current account deficit.
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Reports from FE indicate that Pillar 2 tax will allow the government to collect additional tax revenue, in the form of “top-up tax”, from companies that artificially report profits in low-tax jurisdictions.
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The Prime Minister will launch projects worth Rs 12,850 crore, including the extension of free health coverage (PM-JAY) to senior citizens over 70, according to the Financial Express.
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NSD documents Bl E T To Based on botter wharf arrivals and growing prospects of a good bite, India’s food inflation is expected to relax by G4 of FY25, underlined the RB’s test report, reports ET.
