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Business and Commerce Top Stories

India on the path to become powerhouse, driving global growth by 2047: Goyal

ION correspondentSeptember 11, 2022September 11, 2022

Commerce and Industry Minister, Piyush Goyal has said that India is on the path to become a powerhouse driving global growth by 2047. He said this while interacting with...

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Vice Prez, PM, EAM & Corporate world mourn untimely demise of Cyrus Mistry

ION correspondentSeptember 5, 2022September 5, 2022

Vice President Jagdeep Dhankhar has expressed grief over the sudden demise of Cyrus Mistry in a car accident today. Mr Dhankhar said, his death is a huge loss for...

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India set to become third largest economy in the world by 2029

ION correspondentSeptember 4, 2022September 4, 2022

India is set to become the third largest economy in the world by 2029. A State Bank of India report said India will surpass Germany in 2027 and most...

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India’s exports to cross 750 billion US dollars this year

ION correspondentSeptember 4, 2022September 4, 2022

The government has said that country’s overall exports will cross 750 billion US dollar this year. Last year it was at the level of 676 billion US dollar. Briefing...

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ED raids Paytm, Razorpay and Cashfree premises in Bengaluru as part of crackdown on Chinese loan apps

ION correspondentSeptember 4, 2022September 4, 2022

Enforcement Directorate has conducted raids on payment gateways – Paytm, Razorpay and Cashfree in connection with on-going probe against illegal Chinese loan apps. ED said searches were conducted at...

Business and Commerce

Cabinet Committee on Economic Affairs approves policy amendment exempting Wheat Flour from export ban

ION correspondentAugust 26, 2022August 26, 2022

To curb the rising prices of wheat flour and ensure food security for the most vulnerable sections of society, the Cabinet Committee on Economic Affairs has given its approval...

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Country is ready for launch of 5G services by October this year: Ashwini Vaishnaw

ION correspondentAugust 26, 2022August 26, 2022

Communications Minister Ashwini Vaishnaw has said the country is ready for launch of 5G services by October this year. He said this while releasing amendment in the Indian Telegraph...

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DoT allocates spectrum to telecom operators; Asks to prepare for 5G launch likely by next month

ION correspondentAugust 19, 2022August 19, 2022

The Department of Telecommunications(DoT) has allocated spectrum to telecom operators, paving the way for launch of 5G services. Communications and Information Technology Minister Ashwini Vaishnaw said the letters for...

Business and Commerce

Retail inflation in July falls to 6.71 percent

ION correspondentAugust 13, 2022August 13, 2022

Easing for the third month in a row, the retail inflation in India, based on the Consumer Price Index (CPI), declined to 6.71 per cent in July, compared with...

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GST on rent: Govt. clarifies on the new rule on residential properties

ION correspondentAugust 13, 2022August 13, 2022

Amid reports regarding 18 per cent GST on house rent for tenants, the government on Friday clarified that the renting of residential unit is taxable only when it is...