The Government of India organised 4th e-auction of wheat to offload 11.57 LMT wheat out of which 5.40 LMT of wheat was sold in 23 states to 1049 bidders. It had the reserve price of Rs. 2137.04/qtl. In the first e-auction the total quantity of wheat sold was 9.13 Lakh MT while 3.85 LMT wheat…
Demand in the housing segment has soared and so the prices have also gone up post the pandemic in the years 2021 and 2022. Another reason has been the branded developers have hiked their property prices due to high demand and the rising cost of construction. The average property price in Hyderabad has reached INR…
The real estate sector witnessed record high housing sales last year across the top seven cities including Mumbai Metropolitan Region (MMR), NCR, Pune, Bengaluru, Kolkata, Hyderabad and Chennai. According to ANAROCK report over 4.02 lakh homes were completed in 2022 in all these cities. MMR saw the highest number of completed homes- approx. 1,26,720 units…
The year 2022 has witnessed a rebound in Indian retail market which has further fuelled the growth in this segment all across the country, according to a report- ‘India Retail Real Estate: REvived, REshaped, & REinforced’- by ANAROCK and Retailers Association of India (RAI). Enthused by this scenario, the real estate developers are now planning…
Paving the way for improved export and better bilateral relations with West Asian country, Qatar has lifted the temporary ban on frozen seafood import from India. Last year in the month of November, just before the FIFA World Cup, this ban was imposed after the alleged detection of Vibrio cholera from some of the consignments…
Thanks to diverse cargo growth along with arrival of additional cargo, Syama Prasad Mookerjee Port (SMP) of Kolkata has handled record Carto Traffic during April 2022 to January 2023. P. L. Haranadh, Chairman, Syama Prasad Mookerjee Port, Kolkata informed SMP, Kolkata handled rail-borne traffic of 28.823 MT (KDS-4.92 MT, HDC-23.903 MT) compared to 24.974 MT…
The Food Corporation of India (FCI) sold out 3.85 LMT wheat through e-auction with aim to address the rising price of wheat flour all across the country. The FCI generated Rs. 901 Cr through the e-auction. The Govt. of India has revised the price of wheat to Rs 21.50/Kg with instructions that sale of wheat…
The Telecom Regulatory Authority of India (TRAI) has come out with Consultation Paper on Introduction of Digital Connectivity Infrastructure Provider Authorization under Unified License (UL). Digital infrastructure and services are emerging increasingly as critical determinants of a country’s growth as well-being and key enablers. Significantly contributing to economic development, a robust Digital Connectivity Infrastructure (DCI)…
Direct Tax collections up to 10th February, 2023 continue to register steady growth. The gross Direct Tax collections up to February 10 has been Rs. 15.67 lakh crore and it’s 24.09% higher than the tax collected during the corresponding period last year. The growth rate in terms of gross revenue collection for Corporate Income Tax…
Minister for Housing and Urban Affairs, Petroleum and Natural Gas, Hardeep S Puri has announced that the Global Biofuel Alliance is one of the priorities under India’s G20 Presidency. India, Brazil, and the United States will lead biofuel producers and consumers and work jointly to forge alliance with interested countries for the development of a…
