As part of the Union Budget, Finance Minister Nirmala Sitharaman announced several initiatives for the lab grown diamond industry. R&D grants will be provided to one of the IITs to encourage indigenous production of lab grown diamonds and reduce import dependency. Further, the government has also reduced the customs duty on lab grown diamond seeds […]
The Indian Budget 2023 has allocated significant resources to the logistics sector with the aim of improving efficiency and reducing costs. The Financial Minister Nirmala Sitharaman on Wednesday noted that 100 critical transport infrastructure projects have been identified for the connection of ports, coal, steel, fertiliser, and food grains industries. She added that they will […]
Finance Minister Nirmala Sitharaman announced a 16 per cent hike of NCCD on cigarettes on Wednesday. Experts believe that a significant increase in cigarette taxes and stricter legislation will not only get the most out of human capital by improving residents’ health, but will also assist Prime Minister Narendra Modi achieve his aim of a […]
