Commerce and Industry Minister Piyush Goyal has stated that Quick Commerce must collaborate with Kirana stores for last-mile delivery if they want to sustain themselves in the long run and avoid losses. Speaking to CNBC TV18 at the 10th anniversary of the Make In India programme, Goyal noted that while quick commerce may capture business … Read more
India’s foodgrain production reached a record 332.22 million tonne in the 2023-24 crop year ended June, driven by bumper wheat and rice output, the agriculture ministry said on Wednesday. The final estimate for 2023-24 shows an increase of 2.61 million tonne from the previous year’s 329.6 million tonne, the ministry said in a statement. Rice … Read more
The US and China have cut interest rates in the past week. Will the Reserve Bank of India (RBI) follow suit in the October policy? Jahangir Aziz, Head of EM Economics Research at JPMorgan, and Luis Oganes, Head of Global Macro Research at JPMorgan, discuss China’s disinflation and slowdown, Fed rate cuts, Bank of Japan … Read more
The finance ministry introduced several significant notifications in the commodity market last week, the most prominent being a 20% hike in import duty on crude and edible oils. This decision is expected to have wide-reaching effects, with retail prices of edible oils potentially rising, which in turn could increase the prices of food in eateries … Read more
In yet another push for GST rationalisation from the industry, the Indian Beverage Association (IBA) has approached North Block, urging a re-examination of high tax rates. The ₹60,000 crore industry, representing Indian companies in the non-alcoholic beverage sector such as PepsiCo, Bisleri, Coca-Cola, Campa (Reliance Industries Ltd), Dabur, Tata Group, and others, has separately written … Read more