With passenger vehicle industry set to touch 60-70 lakh units per annum, there is a need to review and re-align businesses to the much higher scale of operations, with an enhanced focus on sustainability, Maruti Suzuki India MD and CEO Hisashi Takeuchi said on Wednesday.
With this approval, the Deepinder Goyal-led platform has now joined the likes of Tata Pay, Razorpay and Cashfree in getting the much-awaited approval from India’s central bank.
The RoDTEP scheme, announced in January 2021, refunds embedded duties and taxes, such as VAT on fuel used in transportation, mandi tax and duty on electricity. It replaced the WTO-incompatible Merchandise Exports from India Scheme (MEIS) scheme, which had faced several challenges from WTO members.
On the volume front, 1.55 crore shares were traded on the NSE, while 5.66 lakh shares changed hands on the BSE, during the day.
The increasing prices may prompt New Delhi to eliminate import duties on the cereal to bolster supplies and control prices ahead of key state polls and next year’s general election.
The not-for-profit organisation said the Indian government approved the changes without public consultation and implemented them using “illegal methods”.
Addressing a press conference after the announcement of the bi-monthly monetary policy review, Shaktikanta Das said Rs 12,000 crore of the Rs 3.56 lakh crore worth of Rs 2,000 notes in circulation as on May 19, 2023 are yet to come back.
On Saturday, the Digital Personal Data Protection Act, 2023 was published in the official gazette after receiving the President’s assent on Friday, making India one of the final democracies in the world to have a regulatory framework for privacy.
Over the last five years, the gross non-performing assets (NPAs) of banks have dropped by almost 46 per cent — from Rs 10.21 lakh crore in fiscal year (FY) 2017-2018 to Rs 5.55 lakh crore by March 2023.
The growth estimates are higher than the projection of the Reserve Bank of India (RBI), which has estimated Q1 FY24 real Gross Domestic Product (GDP) growth at 8.0 per cent and full year FY24 growth at 6.5 per cent.