Hardeep Singh Puri, Minister of Petroleum and Natural Gas, emphasized the significance of India’s energy and shipping sectors during the ‘Revitalizing India’s Maritime Manufacturing Conference’ in Mumbai. He highlighted India’s rapid GDP growth, now at approximately $4.3 trillion, largely driven by trade, which underlines the importance of shipping. India consumes about 5.6 million barrels of […]
India’s Petroleum Minister Hardeep Singh Puri announced that India’s oil refining capacity is expected to rise from 258 MMTPA to around 310 MMTPA by 2030, with long-term goals of reaching 400-450 MMTPA, positioning India as a global refining hub. He highlighted that 20% of existing global refining capacity may close by 2035, creating an opportunity […]
India’s stock exchanges are changing the timing of Diwali Muhurat Trading for the first time in decades. The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will hold a special trading session on October 21 between 1:45 p.m. and 2:45 p.m, marking the beginning of the new Hindu financial year Samvat 2082. Muhurat trading […]
New Delhi, July 2 (IANS): India’s Goods and Services Tax (GST) collection rose to Rs 1.85 lakh crore during June this year, marking a 6.2 per cent increase compared to the same month of the previous year, according to official data released on Tuesday. Although collections registered a robust growth to remain above Rs 1.8 lakh […]
RBI 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the […]
New Delhi, May 27 (IANS) Finance Minister Nirmala Sitharaman will meet representatives of the Confederation of Indian Industry on Tuesday evening to discuss the roll out of reforms in the Goods and Services Tax (GST) regime, according to sources. The Finance Ministry will seek inputs and representations from industry leaders on the proposed rate rationalisation, […]
