Rounak Kumar Gunjan
BQ Prime
New Delhi, DL, India
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Past articles by Rounak:
India-Australia Trade Agreement: What The Two Countries Have Offered
India-Australia trade agreement includes bilateral cooperation for trade in wine, whisky and organic goods. → Read More
IFSC GIFT City Seeks Aircraft Operating Leasing By Domestic Banks
The Department of Financial Services is considering a proposal to allow operating lease of aircraft by RBI-regulated banks to tap into a business that is dominated by foreign financial institutions, according to two government officials. → Read More
India-U.A.E. Trade Pact To Be Reviewed Next Year, More Items May Be Included
The India-United Arab Emirates' Comprehensive Economic Partnership Agreement will be reviewed in a year to consider including items, such as non-gold gems and jewellery, which are currently in the exclusion list, said UAE's Minister of State for foreign trade Thani Al Zeyoudi. → Read More
BPCL Privatisation Stuck As Bidders Question Unofficial Price Control
Finance Minister Nirmala Sitharaman had in 2019 announced divestment of 52.98% stake in Bharat Petroleum Corp. Ltd. (BPCL). That is yet to come to fruition. → Read More
Cabinet Said To Mull Reducing Railway Land Licensing Fee To 1.5%
The cabinet is in discussions to bring down licensing fee to 1.5% from 6% of the market value of railway land, according to a government official, as India plans a uniform policy for public and private companies using these assets. → Read More
India-UAE CEPA: Tariff Cuts On Most Goods; Non-Gold Jewellery, Dairy Left Out
From mangoes to automobiles, India's free-trade pact with the United Arab Emirates will eliminate duties on 90% of the goods exported to the Gulf nation. → Read More
Gujarat Again Tops NITI Aayog's Export Preparedness Index, Coastal States Best Performers
The report showcased most coastal states faring well in the index. → Read More
Commerce Ministry To Release New Foreign Trade And SEZ Policies By September
The new foreign trade policy slated to be announced by March-end will be delayed, as the central government is simultaneously revamping the special economic zone policy. → Read More
India's Merchandise Exports Cross Record $400 Billion In FY22
India's merchandise exports crossed record $400 billion in the ongoing fiscal, led by agri products and engineering goods. The government also met the annual target first time after 2014, Commerce Minister Piyush Goyal said in a press conference in Delhi on Wednesday. The country's exports stood at $298.1 billion in the previous fiscal, it said. → Read More
EPFO Proposes To Cut Interest Rate To 8.1%, Expects 'Tapered' Revenue
The Employees' Provident Fund Organization has proposed to cut interest rate on provident fund deposits to its lowest level in over four decades. → Read More
Ukraine War Likely To Derail LIC IPO, India's Disinvestment Target
India aims to raise over s 60,000 crore from the LIC IPO, making it the nation’s biggest maiden offer. It is crucial to meet the revised disinvestment target of Rs 78,000 crore, down from the budgeted Rs 1.75 lakh crore. → Read More
Russia-Ukraine Crisis: Edible Oil Price Spike Prompts Call For MSP Hike
Sunflower oil prices have spiked in most parts of India as tensions between Russia and Ukraine worsen, prompting clamour for a hike in minimum support prices of edible oil to boost domestic production. → Read More
India Plans To Tap Smaller Russian Banks As Sanctions Hit Local Exporters' Payments
Indian exporters are worried that their shipments might be left unattended at Russian ports with no insurance cover or payment. → Read More
India Bans Import Of Foreign Drones
The central government has banned import of foreign drones to boost domestic manufacturing. → Read More
India's Informal Jobs Control Rooms Offer Hope But The Problem Is Way Too Big
The central government has set up 20 monitoring centres across states to help migrant workers find employment and prevent a mass exodus, during the ongoing third wave of the coronavirus pandemic. → Read More
Budget 2022: Railways' Operating Ratio Pegged At 96.98% Despite Record Capex
Finance Minister Nirmala Sitharaman in her budget for 2022-23 provided the highest-ever capital expenditure outlay for Indian Railways, in line with the overall theme of investing in infrastructure instead of a short-term consumption boost. → Read More
New Labour Codes: Unions Flag Fall In Social Security Cess
New labour codes will lead to lower social security benefits for the informal sector, especially construction workers, unions say. → Read More
October Records Lowest Addition To Formal Workforce Since June: EPFO Data
The number of people entering the formal workforce fell to its lowest in four months in October. The new additions to the payroll declined 1,92,000 over September to 1,076,856 in October, according to data released by Employees Provident Fund Orgainsation. And it's the lowest since 1,068,820 in June. → Read More
States To Face Revenue Loss Of Rs 44,000 Crore After Fuel Tax Cuts: ICRA
Tax cuts on petrol and diesel will cost states Rs 40,000 crore, ICRA said. → Read More
GST Collection Crosses Rs 1.30 Lakh Crore, Second-Highest Since Rollout
The government’s goods and services tax revenue collection jumped to the highest since March, and stayed above Rs 1 lakh crore for the fourth straight month. → Read More