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Articles for Economy

Govt Appoints Ravi Agrawal As Chairman, CBDT

The appointment is up to the date of his superannuation namely 30 September 2024, and thereafter his re-appointment on contract basis upto 30 June 2025

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Trai Modifies New SIM Replacement Rules Under Mobile Portability From 1 July 2024

As per the TRAI, the SIM swap or replacement means a process of acquisition of a new SIM card in place of a lost or non-working SIM card by the existing subscriber.

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Indian Regulator's Plan Targets Underutilised LNG Terminals To Boost Efficiency & Transparency: S&P GCI

According to industry insiders, could effectively address the persistent issue of capacity underutilisation that has been plaguing most of these facilities and bring about greater transparency in the sector.

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India-US Agrees To Extend 2% Digital Tax On E-commerce Supplies Until June 30

The Finance Ministry said, that both countries will remain in close contact to ensure that there is a common understanding of the respective commitment and endeavour to resolve all issues on this matter through constructive dialogue

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World Bank Approves $1.5 Bn To Support India's Low-carbon Energy Sector

"The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for low-carbon energy investments.," the World Bank said in a blog post.

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Engineering Goods Exports Surge 7.39% In May To $9.99 Bn

Propped up by Automobile, Electrical Machinery, and Aircraft Products Sectors

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Core Industries Grows By 6.3% In May, Power, Coal, Steel, Natural Gas & Refinery Showed Positive Growth

The index of core industries measures the combined and individual performance of production of eight core industries which include Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel

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Government Received 18.6% Of Its Budget Estimate Revenue In First Two Months Of FY25

The ministry stated that the government received Rs 3,19,036 crore from Tax Revenue (Net to Centre), Rs 2,51,722 crore from Non-Tax Revenue, and Rs 2,087 crore from Non-Debt Capital Receipts

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India’s External Debt Likely To Rise, Forex Reserve Ratio Could Drop In FY25

India's forex reserves remain sizeable, which will provide some cushion, according to the report

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Tax System, Bureaucracy, Corruption Top Challenges For German Firms In India: Survey

Eyeing India's booming economy, nearly six in ten German companies are planning to increase their investments in India during the current financial year, according to the report

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