The Director General of Foreign Trade through circular dated 16 September, 2021 has amended the import policy for import through IOC. The revised policy allows Import through IOC by entities other than companies who have been granted rights for marketing of transportation fuels for products excluding gasoline and automotive diesel fuel, not containing bio-diesel.
The Karnataka Government updates minimum wages and VDA for shops and commercial establishments, effective from April 1, 2025, to March 31, 2026.
The Himachal Pradesh VAT Amendment Act, 2024 updates payment, appeal, and enforcement processes to improve VAT administration and enhance compliance
Assam issues VDA for workers handling urea bags, effective July 1, 2024, reflecting CPI increase, with adjustments in wages for mechanized filling loading tasks
February 2025 sees a drop in overall inflation to 3.61%, driven by a significant reduction in food inflation, offering relief to rural and urban consumers.
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