With rupee nearing 80 to a dollar, govt. raises gold import duties to 15%
Cess imposed on crude petroleum, fuel exports to check ‘windfall’ profits The Hindu – Economy
Month: July 2022
General Motors Calls Off Deal To Sell Its India Car Factory To China
General Motors (GM) said on Friday it had called off the sale of a shuttered Indian plant to China’s Great Wall Motor after they failed to obtain regulatory approvals NDTV … Read More
Salary Reforms Needed, But India Not Yet Ready: Staffing Body
The Indian Staffing Federation (ISF) has said that the union government should implement the labour reforms one by one. NDTV Profit – Latest
ICICI Bank Hikes Lending Rates By 20 Basis Points Across Tenures
ICICI Bank has hiked its marginal cost of lending rate (MCLR) by 20 basis points (bps) across all tenures. NDTV Profit – Latest
Cooking Gas Price Cut By Rs 198 Per Cylinder In Delhi, Effective Today
The price of cooking gas was cut by Rs 198 per cylinder in Delhi on Friday, according to Indian Oil Corporation. NDTV Profit – Latest
Factory Activity Eases To A 9-Month Low On Surging Inflation Worries
India’s factory output expanded at its slowest pace in nine months in June as elevated price pressures continued to dampen demand and output. NDTV Profit – Latest
New Export Tax On Petrol, Diesel And Windfall Tax On Domestic Crude Oil
The government on Friday slapped a Rs 6 per litre tax on exports of petrol and ATF and Rs 13 per litre on exports of diesel. NDTV Profit – Latest
Gold Import Tax Up By 5% To 12.5%; To Ease Pressure On Record Low Rupee
India has raised its basic import duty on gold to 12.5 per cent from 7.5 per cent, the government said in a notification on Friday. NDTV Profit – Latest
Centre raises export tax on petrol, diesel and ATF
The govt. also slapped a ₹23,230/tonne additional tax on domestically produced crude oil to take away windfall gains accruing to producers from high international oil prices The Hindu – Economy
Rupee Falls To All-Time Low Of 79.11 Against US Dollar
The rupee depreciated 5 paise to an all-time low of 79.11 against the US dollar in opening trade on Friday amid persistent foreign capital outflows. NDTV Profit – Latest