Only 4,000 kilometres of new national highways were constructed in the country between 1950 and 2015, bringing the total length to 77,000 kilometres in that year.
Only 4,000 kilometres of new national highways were constructed in the country between 1950 and 2015, bringing the total length to 77,000 kilometres in that year.
Riding on improved confidence, small businesses participating in the survey intend to raise their capacity utilisation to 60% in Q3 of calendar year of 2022, up from 55% in Q2 2022.
The minister said India is the third largest maritime exporter in the world and the country has 18,000 farmers who contribute to marine exports worth $20 million.
National Highways Logistics Management Limited (NHLML), Inland Waterways Authority of India (IWAI), and Rail Vikas Nigam Limited (RVNL) will jointly develop MMLPs under Bharatmala Pariyojna across the country with an objective to centralize freight consolidation and reduce logistics cost from 14% to less than 10% of Gross Domestic Product (GDP), at par with International Standards.
The Central Board of Indirect Taxes and Customs (CBIC) on August 22 notified the amendments to the Customs (Compounding of Offences) Amendment Rules, 2022, by including offences under Section 135AA of the Customs Act
The COVID-19 pandemic has set back the fight against poverty in Asia and the Pacific by at least two years, said the latest report by Asian Development Bank (ADB). The Manila-headquartered multilateral funding agency said many living in the Asia Pacific region will likely find it harder than before to come out of extreme poverty.
In FY23, healthy tax buoyancy will be supporting the revenue growth, with Goods and Services Tax (GST) collections and devolutions from the Centre -- which together comprise up to 45 per cent of the states' revenue -- expected to show robust double-digit growth, Crisil said.
New Delhi in consultation with the Reserve Bank of India had last year undertaken a comprehensive exercise to simplify the regulations and the draft rules and regulations were put in the public domain for consultations. The new rules include overseas investment in International Financial Services Centre (IFSC) by an Indian resident in manner as laid down in the gazette notification.
In August 2021, Government of India had launched the National Mission on Edible Oils – Oil Palm (NMEOOP) with planned outlay of ₹ 11,040 Crore.