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Govt Mulls Relaxing 45-Day Payment Rule To MSMEs In Post-Election Union Budget

New Delhi, April 30 -- The government is actively considering options to relax the stringent 45-day payment rule for Micro, Small and Medium Enterprises (MSMEs), which came into effect on April 1, 202... Read More


Nepal Finance Minister Releases Guide For Indian Investors

New Delhi, April 30 -- In a move to further attract foreign direct investment from India, Nepal's Finance Minister Barsha Man Pun unveiled a comprehensive handbook aimed at guiding potential Indian in... Read More


Govt May Amend IBC To Settle Environmental & Climate Change Liabilities Of Defaulting Companies

New Delhi, April 30 -- The Indian government is exploring amendments to the Insolvency and Bankruptcy Code (IBC) to address environmental liabilities of defaulting companies, according to sources fami... Read More


Merchant Bodies File Petition Against IT Amendment In Apex Court

New Delhi, April 30 -- Three prominent trade associations have approached the Supreme Court challenging a recent amendment to the Income Tax Act that impacts payments made to micro and small enterpris... Read More


Germany Grants License to Export Small Arms to India

New Delhi, April 27 -- Germany has granted a license to India to purchase small arms from German companies, officials say. This marks a major relaxation of Germany's longstanding policy restricting t... Read More


Indian Basmati Rice Exports Surge 22% to $5.2 Billion in Apr 2023- Feb 2024

New Delhi, April 27 -- Exports of high-quality basmati rice from India grew robustly during the April 2023 to February 2024 period, driven by strong demand primarily from West Asia. According to data... Read More


Hyundai Motor Group Aims To Expand Annual Production Capacity In India

New Delhi, April 27 -- South Korean automotive giant Hyundai Motor Group unveiled its ambitious plans to significantly expand its annual production capacity across the Hyundai and Kia brands in India ... Read More


Deloitte Raises India's GDP Growth Forecast For FY24 To 7.6-7.8%

New Delhi, April 27 -- Deloitte has revised upwards its forecast for India's GDP growth in the fiscal year 2023-24 (FY24) to the range of 7.6-7.8 per cent. This marks an increase from its earlier pro... Read More


India Advocates Fair Trade Guidelines For Pesticide Residue Limits At WTO

New Delhi, April 27 -- India has taken a strong stance at the World Trade Organisation (WTO), calling for the formulation of guidelines to determine default maximum residue limits (MRLs) for pesticide... Read More


India's Cotton & Textiles Exports Surge Despite Overall Dip In Trade

New Delhi, April 27 -- The country's cotton yarn, fabrics/made-ups, and handlooms exports registered a 6.71 per cent year-on-year growth in fiscal year 2023-24, reaching USD 11.7 billion. According t... Read More