Earlier this week, the government released the Consumer Price Index Numbers, which showed that the headline inflation had moderated to an average of 5.5 per cent during April-December 2023 from 6.7 per cent during 2022-23.
India s wholesale price index-based inflation has further decreased to 0.27 per cent in January compared to 0.73 per cent in December, according to provisional data released by the Commerce Ministry. This is lower than the estimated rise of 0.53 per cent predicted by a Reuters poll.
The recent addition of clause ‘h’ to Section 43B of the Income Tax Act has stirred up considerable debate within India s MSME sector
The latest insertion of the new clause ‘h’ to Section 43B of the Income Tax Act is making quite some feathers in the MSME sector in India. According to this
India s retail inflation in December rose to 5.69 per cent, compared to 5.55 per cent in November, according to data released by the Ministry of Statistics & Programme Implementation on Friday. This increase remains within the Reserve Bank of India s tolerance range of 2-6 per cent. On a month-on-month basis, the inflation rate contracted by (-)0.32 per cent.
India s industrial production increased by 2.4% annually in November, compared to an 11.7% increase in October, according to government figures released on Friday. As of November 2022, the index of industrial output (IIP) had increased by 7.6%.