Agri produce traders may have to pay higher farmer welfare cess in Rajasthan from April 1

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Agricultural produce traders may have to pay higher farmers welfare cess in Rajasthan from April 1 as the State government is yet to take a decision whether to continue the concessional rates prevalent since March 2021 even as its validity expires on Sunday. Until the government decides to extend it, the rates at which the … Read more

Retail inflation dropped a tad to 4-month low of 5.09% in Feb

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Decline in energy prices negated a rise in vegetable prices resulting in retail inflation based on Consumer Price Index (CPI) remaining almost the same in February as compared to January, data released by National Statistical Office (NSO) on Tuesday showed. Also read: Retail inflation remains almost unchanged at 5.09% in February The retail inflation was … Read more

India’s hotel market stabilises: Marriott’s Menon on rates and recovery

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In a recent interview with businessline, Rajeev Menon, President, APEC, (excluding China), Marriott International paints a picture of a resilient Indian hospitality sector. He highlights not just their company’s growth plans, but the industry’s overall post-pandemic recovery and stabilisation, mentioning ‘an 8 to 11 per cent year-on-year average rate growth across diverse markets.’He further shares nuggets … Read more

Japan’s inflation beats forecasts, end of negative rates in sight

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Japan’s core consumer inflation slowed for a third straight month in January but beat forecasts and held at the central bank’s 2 per cent target, keeping alive expectations it will end negative interest rates by April. The 2.0 per cent gain in the core consumer prices index (CPI) was slower than the 2.3 per cent … Read more