Economy

UPL Q4 net at ₹896 crore on higher revenues

Agri-input major UPL has reported a profit of ₹896 crore for the quarter ended March 2025, as against ₹40 crore in the same period last year, on higher revenues. Revenues from operations were up 11 per cent at ₹15,573 crore during the quarter, against the corresponding last quarter’s ₹14,078 crore. Revenue growth was led by […]

Economy

To shore up revenues, govt revised excise duty on petrol, diesel 13 times since 2014 when oil prices fell

The government’s penchant for increasing excise duty during times of low global crude oil prices has been in practice since 2014, a mechanism that has been utilised more than a dozen times to shore up revenues. A back of the envelope calculation shows that between 2014 and 2025, the excise duty was revised around 16 […]

Economy

‘NITI NCAER States Economic Forum’ portal to help States raise revenues, manage debts: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday launched the “NITI NCAER States Economic Forum” portal and said that the platform will provide authentic data which would help States to make more meaningful interventions, raise their own revenues, manage debts and learn from peer experiences. In her keynote address at the portal launch, Sitharaman emphasised the importance […]

Trump places 25% tariff on imported autos, expecting to raise $100 billion in tax revenues, ETCFO

WASHINGTON – President Donald Trump said Wednesday he was placing 25% tariffs on auto imports, a move the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. “This will continue to spur growth,” Trump told reporters. “We’ll effectively be charging a 25% […]

Economy

Beer industry contributes significantly to India’s GDP, creating jobs and tax revenues, supporting local economies and communities

The beer industry contributed ₹92,324 crore or $10.6 billion to India’s GDP in 2023, representing 0.3 per cent of the national GDP. This is part of the ₹76.45 lakh crore or $878 billion poured into the global GDP by the beer industry. Oxford Economics observed this contribution as part of its study on Beer’s Global […]