India’s services growth loses steam in March, flow of new orders rise

April 6, 2023

New Delhi: India’s services sector posted a lower growth momentum in March amidst sustained rise in flow of new orders and output, as per the S&P Global India Services Purchasing Managers’ Index (PMI) released on Wednesday. The PMI Services Index dropped from 59.4 in February to 57.8 in March but...

FADA: PVs grow 14%, 3 wheelers by 69% on March 23 retail sales

April 4, 2023

NEW DELHI: A sustained momentum in showroom dispatches of Maruti Suzuki India with sales of 1,37,201 passenger vehicles, Tata Motors sales of 46,847 cars and Hyundai Motor India with sales of 45,703 cars in March 2023 stimulated passenger vehicle retail sales to a year-on-year 14 per cent growth last month....

Sharp rise of input inventories pulls up India’s manufacturing PMI

April 4, 2023

Amidst slowdown in developed countries and uncertainties over economic situation, India's manufacturing sector posted a remarkable performance at the end of the final quarter of the fiscal (Q4 FY2022-23) with the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI) rose from 55.3 in February to 56.4 in March,...

Competition Amendment Bill ’23 gets approval from LS, RS in Parliament

April 4, 2023

The Competition (Amendment) Bill, 2023 which seeks to amend the Competition Act, 2002, towards regulating mergers and acquisitions based on the value of transactions, has been cleared by both the Houses of Parliament, the Finance Ministry stated on Monday. The Bill which includes several key amendments to the existing framework,...

Competition Amendment Bill ‘23 gets final nod in Parliament

April 4, 2023

The Competition (Amendment) Bill, 2023 which seeks to amend the Competition Act, 2002, towards regulating mergers and acquisitions based on the value of transactions, has been cleared by both the Houses of Parliament, the Finance Ministry stated on Monday. The Bill which includes several key amendments to the existing framework,...

GST revenues clock 13% year on year growth in March 2023

April 3, 2023

India’s gross Goods and Services Tax collection for the month of March 2023 grew 13 per cent year-on-year at ₹1,60,122 crore, from the GST revenues in the same month last year. This is the fourth time in the current financial year that the gross GST collection has crossed ₹1.5 lakh...

Centre shifts gear for Foreign Trade Policy to boost exports

April 1, 2023

In a decisive move to boost the country's exports to USD 2 trillion by 2030, the Government on Friday unveiled an ambitious and much- awaited Foreign Trade Policy (FTP) 2023. The policy aims at shifting the gears of trade from incentives based system to promoting exports from the grassroots. The...

Centre shifts gear for Foreign Trade Policy to boost exports

April 1, 2023

In a decisive move to boost the country’s exports to USD 2 trillion by 2030, the Government on Friday unveiled an ambitious and much-awaited Foreign Trade Policy (FTP) 2023. The policy aims at shifting the gears of trade from incentives based system to promoting exports from the grassroots. The policy comes...

India to unveil $ 2 trn exports strategy by 2030 in FTP today

March 31, 2023

As Commerce & Industry Minister Piyush Goyal unveils the much awaited new Foreign Trade Policy (FTP) 2023-28 today amidst India’s overall exports that includes services and merchandise shipments crossing USD 750 billion, there is an unprecedented degree of expectation over the government’s intent to boost exports amid slowing global trade...

India’s exports hit record in 2022-23 at $750 billion

March 29, 2023

India’s overall exports combining merchandise goods and services have, on Tuesday crossed $750 billion, overriding extremely challenging global economic situation marked by global recession, all time high inflation for most developed countries and rising interest rates. Exports have risen from $500 billion in financial year 2020-21 as a culmination of...