58% of Indians cut 'Make in China' purchases across products in 2022

New Delhi (IANS) About 58 per cent of Indians have reduced their 'Make in China' purchases due to the current geo-political situation while 26 per cent said they found Indian alternatives to be better in price and quality when it comes to…

IT Ministry extends deadline for feedback on Digital Data Bill to Jan 2

New Delhi (IANS) The Centre on Saturday extended the last date for receipt of feedback and comments on the Digital Personal Data Protection Bill, 2022, till January 2, 2023.

The Ministry of Electronics and Information Technology (MeitY) published…

No tax increase on any item; GST on biofuel down to 5% from 18%

New Delhi (IANS) No tax increase on any item was decided at the GST Council meeting on Saturday. Meanwhile, the Council recommended reducing GST on biofuel from 18 per cent to 5 per cent.

The GST Council has made the recommendations relating…

India's growth expected to slow in 2023-24 on the back of sharp global slowdown

New Delhi (IANS) India's GDP growth is on course to print close to 7 per cent this year in 2022-23, foreign brokerage, JP Morgan said in a report.

While buoyant, it would still leave output about 7 per cent below its pre-pandemic potential…

Only 2% of cryptocurrencies have a 'healthy' liquidity, finds study

New Delhi (IANS) As major crypto exchanges like FTX go bankrupt amid high volatility, almost 90 per cent of cryptocurrencies have a low trading volume, with just 2 per cent of crypto coins having a healthy liquidity, a new study has found.

There…

First G20 Finance and Central Bank Deputies meeting held in B'luru

Bengaluru (IANS) The first G20 Finance and Central Bank Deputies (FCBD) meeting held successfully in Karnataka's Bengaluru on December 13-14.

The meeting marked the beginning of the G20 Finance Track under India's Presidency, the official…

Labour market mismatch post-Covid could weaken economic growth: Moody's

Chennai (IANS) The mismatches in labour supply after the reverse migration during the Covid-19 pandemic in India and other countries in Asia Pacific (APAC) region could weaken the economic growth, said Moody's Investors Service.

While the…

`Existing Indian life and non-life insurers may not merge to become composite player'

Chennai (IANS) The composite insurance licence regime may not see merger of life and general insurance companies owing to differing foreign shareholders and other issues, said experts.

The Centre has proposed to allow composite insurers --…

ICAO rejects Spicejet's audit story

New Delhi (IANS) Days after the budget airline SpiceJet claimed that its safety processes were found to be strong during an exhaustive audit by the International Civil Aviation Organisation (ICAO), the UN's civil aviation agency clarified that…

Wholesale inflation falls to 21-month low of 5.85% in Nov, FM gives credit to PM

New Delhi (IANS) The wholesale price index (WPI) based inflation fell to a 21-month low of 5.85 per cent in November on account of low prices of food.

Reacting to the fall in WPI inflation, Finance Minister Nirmala Sitharaman said in Lok Sabha…