-The Hindu Business Line Imports fall 8.83 per cent, trade deficit shrinks to $11.25 billion India's goods exports declined for the fifth straight month in December 2019 by 1.8 per cent (year-on-year) to $ 27.36 bn as key items such as petroleum, engineering goods and gems and jewellery continued to suffer due to low global demand. Imports were down 8.83 per cent in December at $38.61 billion as all major items, including gold,...
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Vegetable prices push wholesale inflation to 7-month high in December
-The Indian Express Vegetable inflation jumping to an over six-year high and pulses inflation rising to a more than 3-year high were the key reasons driving retail inflation. Wholesale price index (WPI)-based inflation surged to a seven-month high of 2.59 per cent in December 2019, as against 0.58 per cent in November, due to a sharp rise in prices of food articles like onions and potatoes, according to the data released by...
More »CCI to investigate Flipkart, Amazon deep discounting on mobile phones
-IANS CCI to investigate Flipkart, Amazon deep discounting on mobile phones New Delhi: The Competition Commission of India (CCI) has launched an investigation to find out if the exclusive arrangements, deep discounting and preferential listing by e-commerce marketplaces like Amazon and Flipkart for mobile phones are causing an adverse effect on competition. The CCI on Monday passed directions for investigation under Section 26(1) of the Competition Act, 2002. The order was passed by...
More »Bid to extend 15% tax relief duration -R. Suryamurthy
-The Telegraph Lower corporate tax of 15% valid till March 2023 The government is exploring the possibility of extending the duration of the corporate tax relief to new units beyond March 2023. Sources said the Commerce ministry had taken up the issue to extend the benefits to seven years with the finance ministry. The ministry has argued the duration should be higher as the time taken from conceptualising a project to actual production could...
More »How not to counter economic stagnation -Arun Kumar
-The Hindu The government has to garner resources and give a boost to the economy by increasing its investments The Centre and the States are so short of resources that their fiscal deficit is burgeoning. The Prime Minister, at a function of the Associated Chambers of Commerce and Industry of India recently, was optimistic but the Reserve Bank of India (RBI) Governor was less positive, admitting that the country’s economic problems are...
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