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On June 13, the National Company Law Appellate Tribunal (NCLAT) dismissed Amazon’s appeal against the Competition Commission of India’s (CCI) decision to suspend approval for the e-commerce giant’s deal with Future Coupons. Justice M. Venugopal … Read more
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) unanimously voted on Wednesday to raise the policy repo rate by 50 basis points to 4.90 percent, with immediate effect, in line with its policy … Read more
In the presence of the two Defense Ministers, India and Vietnam signed a Memorandum of Understanding (MoU) on mutual logistics support on Wednesday during Defence Minister Rajnath Singh’s visit to the Southeast Asian nation. “The … Read more
In May, India’s gross Goods and Services Tax (GST) collections totaled 1,40,885 crore, up 44 percent from a year ago, with receipts from domestic transactions and services imports rising at the same rate, and goods … Read more
The Centre released ₹86,912 crores on Tuesday, digging into its own resources beyond the 25,000 crore balance in the GST Compensation Fund, to pay the whole amount of Goods and Services Tax (GST) compensation payable … Read more
Provisional national income estimates issued on Tuesday show that India’s GDP growth dropped to a four-quarter low of 4.1 percent in the January-March period, down from 5.4 percent the previous quarter, as industrial production shrank. … Read more
According to the S&P Global India Manufacturing Purchasing Managers’ Index, Indian manufacturers obtained new orders at nearly the same rate as in April, despite raising prices at the fastest rate in more than eight and … Read more
Sri Lanka has chosen to seek new aid from India in the amount of $500 million in order to increase its fuel imports, as the island continues to suffer from a debilitating economic crisis that … Read more
The Reserve Bank of India (RBI) board of directors met in Mumbai on Friday and approved a surplus transfer to the Central Government of Rs 30,307 crores for the fiscal year 2021-22 while keeping the Contingency … Read more
Official data released on May 18 showed that Britain’s annual inflation rate hit a 40-year high last month due to rising energy costs, exacerbating a cost-of-living issue. The Office for National Statistics (ONS) reported that … Read more