US existing home sales saw a slight monthly increase in November, reaching a seasonally adjusted annual rate of 4.13 million units. Despite this, the national median sales price continued its upward trend, rising 1.2% year-on-year to $409,200.
India and the Netherlands have launched a Joint Trade and Investment Committee (JTIC) to boost economic ties and resolve trade barriers. An MoU establishes this formal mechanism for annual meetings, co-chaired by senior officials, to review relations, promote investment, and explore mutual cooperation.
A top US Federal Reserve official indicated no immediate need for further interest rate cuts. New York Fed President John Williams believes recent inflation data might be skewed. He suggested December’s inflation figures could offer a clearer picture.
Dense fog grounded operations at Delhi’s Indira Gandhi International Airport on Friday, leading to at least 177 flight cancellations and over 500 delays. Airlines are offering full refunds and free rescheduling, with airport authorities ensuring passenger support amidst ongoing CAT III operations.
India’s space sector has secured a record $150 million in funding this financial year, with projections to surpass $200 million. This was driven by policy reforms and commercial prospects, highlights growing investor confidence.
US inflation cooled more than expected in November. Most Americans still feel no relief from high prices for essentials, with energy costs rising.
A major staffing shortage is plaguing the Central Board of Indirect Taxes and Customs audit teams. While audit completion rates have improved, a gap persists. The Comptroller and Auditor General recommends increasing manpower to ensure effective taxpayer compliance under the GST Act.
GST audit gaps: CAG flags manpower crunch in CBIC audit wings; calls for staffing boost Read More »
India and Oman have signed a Comprehensive Economic Partnership Agreement (CEPA), set to boost bilateral trade and strengthen economic ties. This pact will grant Indian exporters duty-free access to 98% of their goods in Oman, while India will remove tariffs on 77% of Omani imports, excluding sensitive sectors.
India signs F TA with Oman, 98% exports to be duty-free Read More »
