Nation – Page 92

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Cancer-fighting drugs, medicines for rare diseases and food products for special medical purposes exempted from GST

ION correspondentJuly 12, 2023July 12, 2023

The GST Council has decided to exempt cancer-fighting drugs, medicines for rare diseases, and food products for special medical purposes from the GST regime. This was announced by Union...

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India poised to become world’s 2nd-largest economy by 2075: Goldman Sachs

ION correspondentJuly 11, 2023July 11, 2023

Investment Bank Goldman Sachs has said that India is poised to become the world’s second-largest economy by 2075 crossing Japan, Germany and the US With a population of 1.4...

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Food Cooperation of India starts e-auction of rice to control retail price: Food Secretary

ION correspondentJuly 11, 2023July 11, 2023

Consumer Affairs, Food and Public Distribution Ministry has said that the decision to sell rice through e-auction under the Open Market Sale Scheme (OMSS) from the buffer stock to...

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Foxconn drops $19.5 billion Vedanta chip plans in India

ION correspondentJuly 11, 2023July 12, 2023

Taiwan’s Foxconn announced its withdrawal from a $19.5 billion joint venture with Indian metals-to-oil conglomerate Vedanta, in a major setback to the government’s chipmaking ambitions. Last year, Foxconn and...

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G20: 3rd Trade and Investment Working Group Meeting to begin today at Kevadia in Gujarat

ION correspondentJuly 10, 2023July 10, 2023

The third Trade and Investment Working Group Meeting, under India’s G20 presidency, will begin in Kevadia today. More than 75 international delegates from various G20 countries are expected to...

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Inter-Departmental Group of RBI releases report & recommendations for Internationalisation of rupee

ION correspondentJuly 6, 2023July 6, 2023

An Inter-Departmental Group of the Reserve Bank of India has said that the increasing use of Indian rupee in invoicing and settlement of international trade, as well as in...

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GST collection rises 12% to cross Rs 1.6 lakh crore mark in June this year

ION correspondentJuly 2, 2023July 2, 2023

The Goods and Services tax (GST) revenue for the month of June, 2023 stood at around 1,61,500 crore rupees, which is 12 percent higher than the GST revenues in...

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Union Cabinet approves schemes for farmers worth over 3.7 lakh crore rupees

ION correspondentJune 29, 2023June 29, 2023

The central government has approved a unique package of innovative schemes for farmers with a total outlay of over 3.7 lakh crore rupees. The bouquet of schemes cleared by...

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Total length of National Highways in India grows by about 59 percent in last nine years: Gadkari

ION correspondentJune 28, 2023June 28, 2023

Road Transport and Highways Minister Nitin Gadkari has said total length of the National Highways in the country increased by about 59 percent in the last nine years. As...

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India’s current account deficit narrows to 1.3 billion dollars in January-March quarter of last fiscal

ION correspondentJune 28, 2023June 28, 2023

India’s current account deficit narrowed to 1.3 billion dollars or 0.2 percent of GDP in the January-March quarter of last fiscal. According to the data released by the Reserve...