Commenting on the trend, Deepak Jotwani, Assistant Vice President, ICRA said, "Basmati rice exports in the current fiscal have been encouraging, especially driven by demand from Iran.
“We are deeply pained and distraught after going through the Pay revision of CPSE Officers OM released by DPE on 8th August 2017. None of our humble prayers on this issue have been addressed and, therefore, the message that emanated out of this is that government is not sensitive or inclined to nurturing the CPSEs.”
"The government will not interfere in the day-to-day functioning of the OMCs... for the last three years, the pricing mechanism has been linked to the market," Pradhan said
As per the list of items uploaded on the website of the Central Board of Excise and Customs (CBEC), khadi fabric sold through KVIC shops have been exempted from GST, which was implemented from July 1.
Gopal Singh, after taking over the additional charge of CMD of CIL, is looking to replicate the Kayakalp model of governance in the long run.
While petrol prices have increased by Rs 6.08 to reach Rs 69.12 a litre in Delhi, the highest since August 2014, diesel rates have risen by Rs 3.65 to Rs 57.01. "That situation has not come where we should relook at tax structure," Pradhan said on the sidelines of an industry event. T
The apex court rejected the plea against e-auction of minerals in Karnataka which was supported by Vedanta Ltd, holding that its "horrific" experience of the past cannot be allowed to resurface
The daily price revision means an instantaneous transfer of a rise or decline in international oil price to the consumer instead of the previous practice of passing it on only after a fortnight.
"Import of urad and moong dal is revised from free to restricted," the DGFT said in a notification. It, however, said this restriction will not apply to the government's import commitments under any bilateral and regional agreement.
With this India, the world's third-largest oil importer, joins Asian countries like South Korea, Japan and China to buy American crude after production cuts by OPEC drove up prices of Middle East heavy-sour crude, or grades with a high sulphur content.
Despite this, the IEA said that stocks remained 219 million barrels above a 5-year average - a level that producer club OPEC is targeting with its output cuts.
"There are no immediate plans to increase import duty on wheat," Paswan told reporters.
India has a free trade agreement with South Korea and therefore, there is no basic customs duty on gold imports from there.
The company also suffered a product loss of Rs 2,009 crore during the quarter compared with a gain of Rs 3,695 crore during the comparable period a year-ago.
"However, the second quarter demand is lower than the five-year average and is mainly driven by the anxiety on the Goods and Services Tax (GST) roll out, which led to advance purchase towards the end of quarter," WGC managing director, India, Somasundaram PR said.
As a result, mills have cleared 92 per cent of cane dues of 2015-16 season and the outstanding amount is Rs 822 crore. Similarly, 99.33 per cent of dues of 2014-15 season have been cleared and Rs 1,073 crore remains to be paid, he said.
J N Gupta, co-founder and managing director of proxy advisory firm Stakeholders Empowerment Services, said that a closer look at the deal between ONGC and HPCL shows that the transaction is not exempt from the takeover code.
Globally, gold rose by 0.12 per cent to USD 1,229.90 an ounce after the dollar fell to multi-month lows as the prospects for an interest rate hike this year dimmed due to softer US economic data. Silver rose by 0.19 per cent to USD 15.98 an ounce in Singapore.
US drillers added two oil rigs in the week to July 14, bringing the total count up to 765, energy services firm Baker Hughes said on Friday. While that is the highest level since April 2015, the rate of those additions has slowed.
Move to improve ability of sugar mills to pay farmers for their supplies of cane
As raw materials for manufacture of sanitary napkins attract GST of 18 per cent and 12 per cent, a 12 per cent GST on sanitary napkins, implies that the difference qualifies for input tax credit
As per official data available till 2011, land used for almond production has reduced to 7,107 hectares from 16,418 hectares and production has come down to 6360 metric tons from 16, 537 metric tons.
The prices of tomato, the key kitchen staple, have gone up for last two weeks. It is available at Rs 75 per kg in Kolkata, Rs 70 in Delhi, Rs 60 in Chennai and Rs 59 in Mumbai, as per official data.
The draft evaluation template has been sent to state governments for comments, on the basis of which ratings for leases of minerals such as clay and sand will be decided
As part of a new nationwide sales tax regime that kicked in on July 1, the Goods and Services Tax (GST) on gold has jumped to 3 percent from 1.2 percent previously, with traders and buyers saying the move will likely force more transactions into the black market.
In a notification, National Pharmaceutical Pricing Authority (NPPA) said the fixation, revision of the prices of 814 scheduled formulations were done under Schedule-I under Drugs (Price Control) Amendment Order, 2016 under DPCO, 2013
As per the government data, retail sugar prices are ruling in the range of Rs 40-50/kg, while the wholesale rates are at Rs 35-38/kg
According to Bloomberg, in less than a minute, the trade for gold rose to 1.8 million ounces, an unprecedented level that did not even reach following Donald Trump's election or Brexit
Odisha Assembly had earlier unanimously passed a resolution demanding a hike in paddy MSP to Rs 2,930 per quintal.
In terms of percentage, the maximum hike in MSP has been in ragi at 10.14 per cent, followed by soyabean at 9.91 per cent.
The dynamic pricing structure, a practice followed by many developed countries, will replace the current system of revising prices bimonthly.
On June 3, the GST Council fixed the tax rate on gold at 3 per cent for now
Fuel consumption in May stood at 17.79 million tons as compared to 16.87 million tons in the same month a year back
The OMCs plan to use their field officers to convey the daily change in prices especially in areas where connectivity is an issue.
There will be no tax on pulses after the implementation of GST. At present, 6.80 per cent tax is being charged
Oil prices fell for the third day, hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push to tighten the market.