Economic Survey 2021-22: All You Need To Know
The much-awaited pre-budget Economic Survey was tabled in the Parliament on January 31, a day before the Union Budget 2022-23 is to be presented on February 1. After the President’s address to both Houses of the Parliament, the finance ministry released the two volumes of the 2021-22 survey. The first looks at overall macroeconomic and […]
Delhi Police’s Crackdown On Cryptocurrency Theft Linked To Hamas
On January 24, the Delhi Police Cyber Cell cracked a case of cryptocurrency theft where Rs 30 lakhs worth in various cryptocurrencies, currently valued at Rs 4.5 crores, were stolen from a Delhi-based businessman. The victim had filed a complaint at the Paschim Vihar police station in 2019 that was later transferred to the Cyber Crime […]
OPEC’s Indian Oil Imports Share Fell To Its Lowest In 15 Years During 2021: Reuters Analysis
In 2021, the Organization of Petroleum Exporting Countries (OPEC) share of Indian oil imports fell to the lowest in 15 years. This was despite the data obtained from industry sources that showed annual crude purchases witnessing almost a 4 percent higher rebound in more than a decade. As per Reuters’ analysis of data from 2007 […]
Pakistan’s Economic Condition Is Better Than India: Imran Khan
Speaking at the inaugural session of the International Chambers Summit 2022 in Islamabad on January 11, 2022, Pakistan PM Imran Khan claimed that the country’s economic condition, under his government, was better than many other countries in the region, particularly India. The comment was made ahead of the Pakistan government’s efforts to pass a finance […]
India’s Manikaran Power And Nepal Power Exchange Enter Trade Agreement
According to a report by the Press Trust of India (PTI) on January 10, 2022, the Nepal Power Exchange Ltd (NPEL) signed a trading agreement with India’s Manikaran Power Ltd. The agreement states that the NPEL will sell electricity produced by the domestic private sector to India via Manikaran, an Indian energy firm. The NPEL […]
Delhi HC Dismisses Future Retail’s Plea Against Amazon To Terminate Proceedings
The Delhi High Court has dismissed a plea filed by the Future Retail Group related to the termination of arbitration proceedings with Amazon, in progress before the Singapore International Arbitration Centre. Justice Amit Bansal of the Delhi HC dismissed the filings on January 4 without providing further information. The ruling came after Kishore Biyani’s Future […]
Taiwan’s Tech Giants Are Facing A Culture Shock In India: Bloomberg Report
Taiwan’s tech giants had decided to set up businesses in India in 2019 as a way of increasing supply chain options amidst the ongoing trade war between the US and China. However, since 2020, the decision to shift shop has proven to be a major culture shock that could impact the bottom line of these […]
All You Need To Know About GST Rules Effective From January 1, 2022
The central government has decided to introduce a number of changes to the Goods and Services Tax (GST) rules as the new year approaches. The amendments will be implemented starting January 1, 2022, in order to counter fraudulent activities related to billing and recovery, and curb tax evasion by restaurants operating on online food delivery […]
Government Mandates Telecom Companies To Archive All Data For Two Years
The Department of Telecom (DoT) made amendments to the Unified License Agreement on December 21, extending them to other forms of telecom permits on December 22. The amendments ask telecom and internet service providers to extend the duration of archiving call data and internet usage records of customers to two years from one year, citing […]
India Records 8.4 Percent GDP Growth In Q2; Service Sector Bounces Back
According to the latest data released by the National Statistical Office (NSO) on November 30, the Indian economy experienced a healthy growth rate of 8.4 percent during the second quarter of the financial year 2021-22. The July-September period witnessed a boost that was aided by increased vaccination and an uptick in agriculture, public administration and […]
