NEW DELHI, July 26 (Reuters) – India’s Goods and Services Tax (GST) Council will meet on Aug. 2 to decide on a 28% tax on funds that online gaming companies and casinos collect from customers, and finalise other rules, a government official said on Wednesday. The council, chaired by India’s …
Read More »Tomato price shock hits Indian restaurants, cheaper puree sales boom
[1/2]People buy tomatoes from a vendor at a vegetable market in Ahmedabad, India, July 25, 2023. REUTERS/Amit Dave/File Photo NEW DELHI, July 26 (Reuters) – Many Indian restaurants are cutting back on tomatoes in their popular dishes and consumer companies are ramping up production of cheaper purees that are flying …
Read More »Indian shares rise as Fed sticks to script
BENGALURU, July 27 (Reuters) – Indian shares gained on Thursday after the U.S. Federal Reserve stuck to script with a 25 basis-point rate hike and said it is no longer forecasting a recession, with pharma and metal stocks getting a further boost from strong quarterly results. The Nifty 50 (.NSEI) …
Read More »India asking for renegotiation of FTAs with Japan, S.Korea -trade minister
NEW DELHI, July 27 (Reuters) – India has asked Japan and South Korea to renegotiate their free-trade agreements (FTAs) with the South Asian nation to make it “more balanced and equitable”, India’s trade minister said on Thursday, amid a widening trade gap with the countries. “Japan and Korea – we …
Read More »Vegetables in India to cost more for longer on erratic monsoon
KOLAR, India, July 28 (Reuters) – Vegetable prices in India are set to stay higher for longer, as erratic monsoon rains delayed planting and damaged ripening crops, farmers and traders said. Vegetables prices, which have a 6% weighting in the overall consumer price index (CPI), hit a seven-month high in …
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