India recorded 18.89 million international tourist arrivals in 2023 as foreign exchange earnings (FEEs) through tourism last year surged to Rs 231,927 crore, the government said on Wednesday.
This was compared to 6.7 per cent in the preceding quarter. This was primarily because two domestic demand components — private final consumption expenditure and gross fixed capital formation — together accounted for a fall of 1.5 percentage points, the report said.
The Employees' Provident Fund Organisation (EPFO) has released provisional payroll data for October 2024, revealing a net addition of 13.41 lakh members which signifies increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives.
The year 2024 saw the Central Board of Direct Taxes (CBDT) prioritising the speedy processing of returns and refunds, with over Rs 2.35 lakh crore refunded and more than 3.87 crore Income Tax Returns (ITRs) processed within 7 days.
Bharat Electronics Limited (BEL) has secured additional orders worth Rs 973 crore since the last disclosure on December 9 this year, the Navratna Defence Public Sector Undertaking said on Monday.
As Elon Musk continues to fire top executives at Twitter, the company's chief marketing officer Leslie Berland is leaving the company along with other senior people amid growing uncertainty.
In a move to further make the edible oil supply chain seamless, the central government has exempted the current stock limit for wholesalers and big chain retailers.
The Northeast Frontier Railway (NFR) and Bhutan have discussed undertaking trade collaborations between the NFR and the neighbouring country, supporting the logistics avenues for future linkages, officials said on Tuesday.
The central has slashed the windfall tax on crude oil from Rs 11,000 to Rs 9,500 per tonne. This change will be applied from November 2 according to an official notification released by the Ministry of Finance.
The report titled 'Why This Is India's Decade' looked at the trends and policies shaping the future of India's economy. The four global trends -- demographics, digitalization, decarbonization, and deglobalization are favouring what it termed as New India, the report said. It said India would drive a fifth of global growth through the end of this decade.
