Core sector output at 8-month low in September, deepening growth anxieties
admin Output levels in India’s eight core sectors, which account for about 40% of the country’s industrial production, continued…
Finance
Rupee opens on flat note at 84.08 against U.S. dollar
Image used for representational purposes. File The rupee opened on a flat note and depreciated 1 paisa to…
Finance Ministry flags softer urban demand, factory output
Finance Ministry acknowledged emerging concerns of softening consumer sentiments and faltering demand, particularly in urban India, as well…
New investments see a boom in second quarter
State administrations ramped up new outlays by 67% to nearly ₹1.62 lakh crore, outnumbering Central government capex plans…
FPIs withdraw ₹85,790 cr from Indian equities in Oct on attractive Chinese market valuations
Image used for representative purpose only. | Photo Credit: S.R. Raghunathan Foreign investors have continued selling in the…
Watch: US elections: Who are Trump and Harris appealing to?
The View from Washington: Who are Trump and Harris appealing to? | Video Credit: The Hindu In the…
Congress Jairam Ramesh slams Centre: No ‘spin-doctoring’ can change the fact that 2014-24 saw ‘jobless growth’
Congress General Secretay and former Union Minister Jairam Ramesh File photo: Special Arrangement Dismissing the Union government’s assertion…
India scraps export tax on parboiled rice to boost exports
Representational image of rice grains being winnowed at a paddy field in Kerala. India has revoked the export…
The job crisis undermines state legitimacy
Aspirants wait to board a train to go home after completing the Uttar Pradesh constable civil police direct…
Restrictions removed on non-basmati rice exports
Representational image of workers weighing and packing rice bags | Photo Credit: Reuters The Directorate General of Foreign…
Centre re-starts retail sale of pulses as prices rise ahead of festivals
Image used for representational purpose. | Photo Credit: PTI As the price of chana dal (gram dal) continued…
India wouldn’t be fastest-growing economy if people hadn’t utilized digital infrastructure: Sitharaman
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: ANI Finance Minister Nirmala Sitharaman stated that India wouldn’t…
IMF maintains India’s growth projection at 7% for FY25
A view of the International Monetary Fund headquarters building in Washington, DC ahead of the 2024 IMF/World Bank…
India well positioned to capitalise on new growth opportunities: Nirmala Sitharaman
The global economic environment may present challenges but India is well positioned to capitalise on new growth opportunities,…
Income Tax Audit Report: Govt extends deadline for filing IT audit report to October 7
Income Tax Department extends audit report filing deadline to October 7, 2024 due to technical difficulties faced by…
India’s current account deficit in Q1 FY25 widens to $9.7 billion
A man stands next to a logo of the Reserve Bank of India (RBI) in Mumbai. | Photo…
Market capitalisation of four of top-10 valued firms jumps ₹81,151 crore; ICICI, HDFC Bank biggest gainers
Image used for representative purpose only. | Photo Credit: Reuters Four of the top-10 most-valued firms together added…
Nitin Gadkari says India’s logistics cost will come down to single-digit percentage in two years
Nitin Gadkari said the Ministry is constructing several highways and expressways, which will help reduce India’s logistics cost.…
GoM decides to cut GST on 20-litre water bottles, bicycles to 5%; raise rate on shoes, watches
The rate rejig decision taken by the GoM on GST rate rationalisation would lead to a revenue gain…
‘India’s growth rate among the shiniest parts of the world economy’: Ajay Banga
World Bank President Ajay Banga. File | Photo Credit: Reuters India’s growth rate is among the shiniest parts…
RBI Governor Shaktikanta Das says RBI maintains tight vigil on financial market and takes action when necessary
File photo of RBI Governor Shaktikanta Das. | Photo Credit: PTI Reserve Bank Governor Shaktikanta Das on Friday…
China’s economy grew 4.6% in July-September quarter, falling short of 5% target
Workers monitor the production line of drip tape fittings at a factory of DAYU Water Group Co, in…
Insurance benefits to stay for EPFO subscribers
The EDLI scheme, launched in 1976, was to provide insurance benefits to members of the EPFO and to…
Wholesale food prices surged at two-year high pace of 9.5% in September
Potato and Onion prices were up 78.1% and 78.8%, respectively, in September, accelerating from the previous month, while…
DA hiked by 3% for Central Government employees ahead of Diwali
Image for representation only | Photo Credit: Reuters The Union Cabinet on Wednesday (October 16, 2024) approved an…
S&P Global Ratings report: Indian conglomerates to spend $800 billion in new projects in 10 years
S&P Global Ratings in a report said the business groups such as Birla, Mahindra, Hinduja, Hero, ITC, Bajaj…
36% surge in vegetable prices lifts September inflation to 9-month high
Photo used for representation purpose only. File | Photo Credit: Sushil Kumar Verma India’s retail inflation shot back…
A Nobel prize for explaining why nations fail or succeed
Why some countries are rich while others are poor is a question that has been debated by economists…
Economics Nobel Winners 2024 and their studies on ‘how institutions are formed and affect prosperity’
Economics Nobel winners Daron Acemoglu, Simon Johnson and James A Robinson being announced at the Royal Swedish Academy…
For the first time in 42 months, core sectors’ output tanked in August
Image used for representative purpose only. | Photo Credit: Reuters Output levels in India’s core sectors slipped to…
Centre decides to maintain status quo of return on small savings scheme
Photo used for representation purpose only. | Photo Credit: Getty Images/iStock The Centre on Monday (September 30, 2024)…
RBI asks banks to ensure easier accessibility for payment systems to persons with disabilities
Reserve Bank of India. File | Photo Credit: Reuters On Friday (October 11, 2024), the Reserve Bank of…
India’s forex kitty drops by $3.71 billion to $701.176 billion
Image used for representation purpose only. | Photo Credit: The Hindu India’s forex reserves dropped by $3.709 billion…
China’s Finance Minister Lan says there is room for more economic stimulus; but offers no plan
Chinese Finance Minister Lan Fo’an. File | Photo Credit: AP “The Chinese government is looking at additional ways…
Net direct tax collection grows 18% to ₹11.25 lakh cr
Photo used for representation purpose only. Net direct tax collection grew 18.3% to about ₹11.25 lakh crore as…
India plays crucial geopolitical role from American standpoint: USISPF president Mukesh Aghi
U.S. India Strategic and Partnership Forum president Mukesh Aghi during an interview with PTI, in Washington, in the…
Can India escape middle-income trap?
The World Development Report 2024 — authored by the World Bank — calls attention to the phenomenon of…
Fiscal deficit in April-August at 27% of full-year target: Govt data
Image used for representative purpose only | Photo Credit: istock.com/Getty Images The Centre’s fiscal deficit at the end…
RBI projects 7.2% GDP growth for FY25, CPI inflation to moderate at 4.5%
The RBI cited the favourable agricultural crop outlook which could ease food inflation pressures, subject to weather risks.…
RBI MPC meeting: Policy rate unchanged at 6.5%
Reserve Bank of India (RBI) Governor Shaktikanta Das delivers the Monetary Policy statement, Wednesday, October 9, 2024. |…
SEBI tightens noose on insider trading
The logo of Securities and Exchange Board of India (SEBI). File | Photo Credit: Reuters In a bid…
GST collections hit a 40-month low in September 2024
Photo used for representation purpose only. Growth in India’s Gross Goods and Services Tax (GST) collections slumped to…
Public inputs sought for Income Tax Act review
Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto As part of the comprehensive review of…
Maruti, Hyundai, Tata Motors report decline in wholesales in September
Maruti Suzuki, Hyundai and Tata Motors reported a decline in wholesales in September as the companies curtailed dispatches…
Working with MCA to roll out PM Internship Scheme: CII
The PM Internship Scheme aims to provide internship opportunities to one crore youth in 500 top CSR spend…
Govt grants one-year extension to RBI Deputy Governor Rajeshwar Rao
RBI Deputy Governor M. Rajeshwar Rao. File. The government has extended the term of RBI Deputy Governor M.…
No rethink on FDI curbs in multi-brand retail sector: Piyush Goyal
Union Minister for Commerce & Industry Piyush Goyal. File | Photo Credit: PTI Commerce and Industry Minister Piyush…
India, U.S. exploring combined engagement with third countries to source minerals: Piyush Goyal
Union Minister of Commerce and Industry Piyush Goyal. File | Photo Credit: PTI With China dominating the critical…
India to see steepest rise in living standard of common man in coming decades: FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman addresses the third edition of Kautilya Economic Conclave. October 4, 2024 | Photo…
OPEC+ could cushion Iran oil shock but not a broader disruption
The Organization of Petroleum Exporting Countries (OPEC) has enough spare oil capacity to compensate for a full loss…
Rate cut hopes: at least one new MPC member a dove
Of the three new external members appointed by the government on Tuesday to the Reserve Bank of India’s…
Every daily wager in Odisha wants to be identified as a construction worker
Registrations with the Other Building and Construction Workers’ Welfare Board (OBCWWB) have significantly increased, with almost every daily…
Gold cools, oil surges amid escalating tensions in West Asia
Gold eased on Wednesday, taking a breather after rallying in the last session on an escalation in the…
SEBI to take measure for F&O segment soon; calls for tax breaks on municipal bonds
Image used for representative purpose only | Photo Credit: Reuters Capital markets regulator SEBI is expected to take…
Government picks three new members to join RBI’s Monetary Policy Committee
A worker walks past the logo of Reserve Bank of India inside its office in New Delhi. File…
Fed Chair Powell says U.S. economy is in ‘solid shape’ with more rate cuts coming
Federal Reserve Board Chairman Jerome Powell. File | Photo Credit: AP Federal Reserve Chair Jerome Powell signalled Monday…
TAFE files contempt petition against AGCO over Massey Ferguson brand
Tractors and Farm Equipment Limited (TAFE) on Monday said it has filed a contempt petition against US-based AGCO…
FPIs inflow hit 9-month high of ₹57,359 cr in equities in September; surpasses ₹1 lakh cr mark
Foreign investors have poured ₹57,359 crore into Indian equities in September, making it the highest inflow in nine…
Mcap of 8 of top-10 most valued firms surges ₹1.21 lakh crore; Reliance biggest winner
Image used for representative purpose only. | Photo Credit: Reuters The combined market valuation of eight of the…
What is the Unified Lending Interface by the RBI? | Explained
The Reserve Bank of India (RBI) seal. | Photo Credit: REUTERS The story so far: The Reserve Bank…
U.S. Fed rate cuts will put money in pockets, but a mood shift may take time
Even before the U.S. Federal Reserve approved its outsized half-percentage-point interest rate cut last week, financial markets had…
Centre exempts non-basmati white rice from export duty, cuts levy on parboiled rice
Image used for representative purpose only. | Photo Credit: The Hindu The government has exempted export of non-basmati…
GST Council sets up GoM on compensation cess; panel to submit report by December 31
Union Minister of State for Finance Pankaj Chaudhary. File. | Photo Credit: PTI The Goods and Services Tax…
German economy to shrink further in 2024, think-tanks issue statement
Output in Europe’s largest economy will decline by 0.1% this year, five think tanks said. It shrank by…
Government retains borrowing target, to raise ₹6.61 lakh crore in H2 to fund revenue gap
Union Finance Minister Nirmala Sitharaman in the interim Budget had proposed to borrow ₹14.13 lakh crore by issuing…
ADB retains India’s growth forecast at 7%; govt spending, agriculture to boost economy
Image for representational purposes only. The ADB on Wednesday (September 25, 2024) said that the economy is expected…
India, Australia push forward on CECA talks
Trade ministers of India and Australia held parleys on Wednesday to assess the progress on negotiations towards a…
Rupee falls 11 paise to close at 83.65 against U.S. dollar
The rupee trimmed its initial gains against the U.S. currency but was still quoted higher by 120 paise…
Unemployment rate stagnant, reveals government survey
Photo used for representation purpose only. | Photo Credit: Getty Image/iStockphoto The Periodic Labour Force Survey (PLFS) for…
The racial divide in South Africa’s economy since the end of apartheid
Racial bias: Black joblessness is above the national average. It was 23.3% among South Africans of mixed race.…
EPFO logs 20 lakh net new members in July
EPFO building. File photo | Photo Credit: Niranjan R. Varma Retirement fund body Employees Provident Fund Organisation (EPFO)…
On the pitfalls of estimating GDP
For representative purposes. | Photo Credit: Getty Images Gross Domestic Product, or GDP, is the most significant measure…
Wholesale price rise at 4-month low of 1.3% in August
Pulses put on display for sale at wholesale grocery market in New Delhi. File photo | Photo Credit:…
Is the spike in India’s trade deficit a worry?
While exports have shrank in the past two months, imports have not — they grew 7.5% over last…
August’s record gold influx lifts import bill to all-time high
Photo used for illustration purpose only. | Photo Credit: The Hindu India’s goods exports shrank 9.32% to $34.71…
U.S. Fed slashes lending rate by 50 bps in first cut since 2020
Federal Reserve Board Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open…
‘India not an ‘abuser’ of tariffs, Trump’s claims unfair,’ says think tank GTRI
Republican presidential nominee and former U.S. President Donald Trump has labelled India the ‘tariff king’ | Photo Credit:…
Post-liberalisation analysis shows southern States as leading performers, while Uttar Pradesh and Bihar regressed economically.
Passengers ride a train in Mumbai, India. | Photo Credit: ABEER KHAN Post-liberalisation in 1991, the per capita…
India’s logistics cost will reduce to single-digit in 5 years: Gadkari
India’s logistics cost will reduce to single-digit in five years, Union Road Transport and Highways Minister Nitin Gadkari…
Prices of essentials unlikely to rise during festive season: Centre
Representational file image. | Photo Credit: K. Murali Kumar The Centre said on Wednesday (September 18, 2024) that…
Southern states make up 30% of India’s GDP; West Bengal economy performs poorly over several decades: EAC-PM paper
“West Bengal, which held the third-largest share of national GDP at 10.5% in 1960-61, now accounts for only…
Windfall tax on crude petroleum slashed to zero
Representational file image. | Photo Credit: Reuters The government on Tuesday (September 17, 2024) slashed windfall tax on…
Sensex, Nifty hit fresh record closing high levels on rate cut hopes
File picture of Bombay Stock Exchange (BSE) building, in Mumbai | Photo Credit: PTI Benchmark Sensex rose by…
‘About $4 bn imports so far under new import system’
With the deadline to review the ‘import management system’ for laptops and other IT products nearing, the firms…
Start-up India to move out of Invest India’s ambit: Goyal
Commerce and Industry Minister Piyush Goyal on Monday announced the Centre’s Start-up India initiative will be moved out…
Make up for Q1, Q2 capex goals by December: FM
Union Minister of Finance Nirmala Sitharaman. | Photo Credit: ANI With public capex taking a backseat in the…
TotalEnergies deepens ties with India’s Adani Green with $444 mln JV
TotalEnergies will form a joint venture (JV) with India’s Adani Green Energy Ltd. in a deal in which…
Increase in import duty on edible oil to help farmers: Shivraj Singh Chouhan
File picture of Union Minister for Agriculture and Farmers Welfare Shivraj Singh Chouhan | Photo Credit: ANI Union…
Amid grim forecast, Maldives says it is ‘well prepared’ to avert default
Imports-reliant Maldives has borrowed heavily over the years for infrastructure and other needs. File photo from capital Male.…
Did corporate tax cuts increase wages?
For representative purposes. | Photo Credit: Getty Images In the years prior to the pandemic, two of the…
China hands PwC a six-month ban and fine over audit of collapsed developer Evergrande
A building housing the PricewaterhouseCoopers (PWC) branch office stands behind a Chinese national flag in Beijing. | Photo…
Inflation under 4% in August 2024, but vegetable prices up again
A scene at a vegetable market in Delhi. | Photo Credit: SUSHIL KUMAR VERMA India’s retail inflation stayed…
India’s industrial output grows 4.8% in July
Image for representational purposes only. | Photo Credit: REUTERS India’s industrial output growth rose 4.8% in July, the…
From rival to reluctant partner: India’s evolving stance on Chinese investment
India’s push to become a factory titan has hit a snag: to become a credible alternative to China…
16th Finance Commission: Kerala set to host Finance Ministers’ conclave in Thiruvananthapuram
Kerala Finance Minister K.N. Balagopal (file) | Photo Credit: S. MAHINSHA Centre-State financial relations, grievances regarding cuts in…
While unemployment ‘halves’ in Haryana, its youth seek jobs abroad
The high unemployment rate in the Bharatiya Janta Party-ruled Haryana reflected even in Union government surveys, has been…
Domestic demand, easing costs propped up Services in August: PMI
Image used for representation purpose only. Business activity in India’s services sector accelerated at a five-month high pace…
IC-814 hijack survivor on Netflix series: ‘Viewers should approach it as entertainment’
A still from the web series ‘IC 814: The Kandahar Hijack’. | Photo Credit: PTI Pooja Kataria, a…
GST Council to deliberate on taxation of insurance premium, report on online gaming
The GST Council on Monday (September 9, 2024) is expected to deliberate on a host of issues, including…
Youth in Punjab look to greener pastures abroad to make a living
A poster of an immigration consulting agency in Rajpura town amid rising emigration in Punjab. | Photo Credit:…
FPIs invest ₹11,000 crore in equities in first week of September
Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they had pulled out funds…
Latest ILO study links AI to dip in labour income
A major reason for the fall in labour income is artificial intelligence, says an ILO report. | Photo…
General Insurance Corporation stake sale oversubscribed by 108.5% on first day
The bids for the offer for sale (OFS) of General Insurance Corporation of India (GIC) was oversubscribed by…
Stick to fiscal deficit as the norm for fiscal prudence
‘The recent tendency is for household financial savings to come down’ | Photo Credit: Getty Images/iStockphoto Government expenditures…
Bankers try to recoup lost mutual fund clients
Safe haven: Deposits ensure safe returns while customers risk losing money if markets correct. G | Photo Credit:…
What is vertical fiscal imbalance?
For representative purposes. | Photo Credit: iStockphoto The financial relationship between the Union government and the States in…
Fundamental drivers of economy gaining momentum, India on sustainable growth path: RBI Governor Das at FIBAC 2024
File picture of Reserve Bank of India (RBI) Governor Shaktikanta Das | Photo Credit: ANI Reserve Bank Governor…
Interest equalisation scheme for exporters extended till September 30
Image used for representative purpose only. | Photo Credit: M. Moorthy The government has extended the interest equalisation…
U.S. trade deficit widens in July on imports
The U.S. trade deficit in July expanded to its largest since mid-2022, according to government data released on…
Why is Google accused of being an illegal monopoly? | Explained
For representative purposes. | Photo Credit: REUTERS The story so far: Google, the leading American technology company best…
World Bank ups India growth forecast to 7% for FY25
World Bank had in June projected India to grow at 6.6% for FY24. File | Photo Credit: Reuters…
How market efficiency is compromised
For representative purposes. | Photo Credit: Getty Images Contrary to popular wisdom, financial markets today are not as…
Purchasing Managers’ Index (PMI): Manufacturing activity at 3-month low in August
Image used for representative purpose only | Photo Credit: E. Lakshmi Narayanan Manufacturing activity dropped to a three-month…
ATF price cut 4.6%; commercial LPG up by ₹39 per cylinder
Representational file image. | Photo Credit: E. LAKSHMINARAYANAN The price of jet fuel or aviation turbine fuel (ATF)…
Incessant rains a reminder for better conditions for gig workers
As Hyderabad grapples with incessant rains, gig workers who have been braving the adverse weather conditions shared the…
On Jobs, there’s nothing but the government in Jammu and Kashmir
J&K has more than 60,000 government daily wagers working for ₹300 per day. Representational file image. | Photo…
Slowing of GDP growth due to lower govt spending, MCC: RBI Governor
Reserve Bank of India (RBI) Governor Shaktikanta Das speaks at the Global Fintech Fest (GFF) 2024, in Mumbai…
Growth matrix: On the economy’s performance
The first official gauge of the economy’s performance so far in 2024-25 pegs real GDP growth at 6.7%…
Key infra sectors’ growth rebounded to 6.1% in July
Steel and cement production also gathered momentum, rising at a three-month high rate of 7.2% and a four-month…
Asian firms’ earnings outlook improves as chip sector shines
Bright spot: Asia’s semiconductor firms benefit from the boom in generative artificial intelligence. | Photo Credit: Reuters A…
CCEA clears 12 industrial parks across 10 States
The Cabinet Committee on Economic Affairs on Wednesday cleared an outlay of ₹28,602 crore to set up 12…
Unemployment rate is now the U.S. Fed’s undisputed lodestar
Jerome Powell’s Jackson Hole speech has turned Sept. 6 and Sept. 18 into the two most important dates…
Cabinet nod for setting up 12 industrial cities to boost manufacturing; outlay ₹28,602 crore
Representational file image. | Photo Credit: AFP The Union cabinet on Wednesday (August 28, 2024) approved 12 new…
Scrapping unemployment dole sparks protests, unrest in Rajasthan
Jobless crisis: Prolonged protests forced the State to replace two job schemes with a new one — CM’s…
Unified Pension Scheme: How does it differ from the Old and New Pension Scheme?
The story so far: Fulfilling a long-standing demand of government unions, the Centre on Saturday (August 24, 2024),…
Jobless dole helps Karnataka youth, but many find it insufficient
Bengaluru Prasanna Kumar, a resident of Davanagere in central Karnataka who completed his Commerce degree eight months ago…
RBI constantly working on policies, platforms to make India’s financial system strong: Governor Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Monday (August 26, 2024) said the central bank is constantly working on…
Were eight crore new jobs created in three years?
Employment, or the lack of it, has been a major issue of debate among economists and policy makers…
Use simple words in notices to taxpayers, exercise power judiciously: FM tells taxmen
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: K. Murali Kumar Finance Minister Nirmala Sitharaman on Wednesday…
‘Q1 GDP growth may be 6%, a 6-quarter low’
Photo used for representation purpose only. India’s GDP growth is likely to have slowed to a six-quarter low…
Any faltering from inflation target could undermine prospects of Indian economy: Patra
Governor Shaktikanta Das, also Member of the MPC, observed inflation was gradually trending down, but the pace was…
Not against e-commerce, seeking fair play and integrity in their operations, says Piyush Goyal
Union Minister for Commerce and Industry Piyush Goyal. | Photo Credit: ANI A day after Commerce and Industry…
425% difference between Per Capita Income of Rangareddy and Vikarabad; report sheds light on disparity among districts
Directorate of Economics and Statistics recently released the report on Telangana Economy, with details on Gross State Domestic…
‘Improved reservoir levels to help curb food inflation’
Despite a somewhat erratic monsoon, India’s reservoirs have been replenished which bodes well for the current Kharif crop…
India surpasses China to become Russia’s top oil buyer in July
India overtook China as the world’s biggest importer of Russian oil in July. Image for representation purposes only.…
Lack of industries in Bihar push youth to vie for government jobs
“Karo to sarkari naukari, nahi to becho tarkari” (You either work for the government, or you sell vegetables),…
Ethanol blending: Can food be the fuel for target 20%?
India is on its way to achieve its target of blending 20% of petrol with ethanol by 2025-26,…
On the ethanol blending programme
India is on its way to achieve its target of blending 20% of petrol with ethanol by 2025-26,…
Food price momentum indicates continuing build up: RBI officials
Reserve Bank of India (RBI) Deputy Governor Michael Patra. File | Photo Credit: Reuters The momentum of food…
A change in India’s power export rules | Explained
The story so far: On August 14, Reuters reported on the introduction of an amendment to India’s power…
Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG
CAG has asked the Finance Ministry to identify high risk taxpayers in the GST composition scheme on a…
Majority blue-collar jobs pay less than Rs 20,000 per month: Report
Report said 29.34% of blue-collar jobs are in the moderate earning bracket, with salaries ranging from ₹20,000-40,000 per…
Why is SEBI’s credibility under a cloud? | Explained
The headquarters of the Securities and Exchange Board of India in Mumbai on April 19, 2023. | Photo…
With more graduates in workforce, Tamil Nadu struggles with a skills gap
Tamil Nadu fares better than most States on employment metrics, but more must be done to tackle underemployment…
India needs to create 148 mn additional jobs by 2030 given population growth, says IMF DMD Gopinath
Union Finance Minister Nirmala Sitharaman with Deputy Managing Director of the International Monetary Fund Gita Gopinath, during a…
Job opportunities dwindling in industrialised Gujarat
On July 9, a crowd of more than 1500 youngsters turned up in Gujarat’s Ankleshwar after they learnt…
Venezuela under Maduro — authoritarianism and economic chaos | Data
Venezuelan nationals protest against the results of their country’s presidential election, in Quito, Ecuador, Saturday, Aug. 3, 2024…
Surat’s diamond factories lose sparkle as global recession hits sector
Mass scale job losses, pay reduction and uncertainty about work have taken the sheen away from Surat’s famed…
People leave New Zealand in record numbers as economy bites
Representational image of shoppers in Christchurch walking into a shopping mall | Photo Credit: AP People are leaving…
Impact of institutional stigma on Dalit business owners’ earning capacity
Raj P., Roulet T.J. and Bapuji H., ‘It’s not who you know, but who you are: Explaining income…
India’s Wholesale price inflation drops to 2.04% in July
India’s wholesale prices dropped to 2.04% in July. | Photo Credit: SUSHIL KUMAR VERMA Inflation in India’s wholesale…
Put in place frameworks to manage failure of deposit taking institutions: RBI Deputy Governor to deposit insurers
While digital innovations can ease the cross-border supply of financial services, they can also increase the likelihood of…
Rupee settles flat at 83.97 against U.S. dollar
A customer holds hundred rupees Indian currency notes near a roadside currency exchange stall. | Photo Credit: Reuters…
Surat’s diamond factories lose sparkle as global recession hits sector
Mass scale job losses, pay reduction and uncertainty about work have taken the sheen away from Surat’s famed…
Consumer price inflation eases to five-year low of 3.54% in July
Inflation in consumer prices eased to a nearly five-year low of 3.54% in July, with food price rise…
Union Budget 2024: A comprehensive pathway to inclusive growth and economic resilience
The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, represents a significant milestone in India’s ongoing journey…
Bangladesh crisis: Bringing economy back on track top priority, says interim finance advisor Salehuddin Ahmed
Salehuddin Ahmed. File | Photo Credit: Photo credit: https://www.bracu.ac.bd “The immediate task of Bangladesh’s interim government is to…
India has a lot more scope to pursue progressive capitalism: Joseph Stiglitz
Nobel Prize-winning economist Joseph Stiglitz argues in his new book The Road to Freedom: Economics And The Good…
India’s July edible oil imports to surge to record on robust palm buying: report
Higher palm oil purchases by India would reduce inventories in producer countries and support benchmark prices. File |…
On monetary policy and financial markets
For representative purposes. | Photo Credit: Getty Images Global financial markets may be exhibiting recovery following the dramatic…
Markets rebound: Sensex jumps 1,098 points; Nifty surges to 24,387-level amid rally in global peers
Representational image. The Bombay Stock Exchange (BSE). | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty bounced…
Ask GST Council to take a call on tax on health insurance premiums, Finance Minister tells Opposition
Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha on August 8, 2024. Photo: Sansad TV via PTI…
RBI Monetary policy (MPC) highlights: RBI keeps repo rate unchanged at 6.5%
Reserve Bank of India (RBI) Governor Shaktikanta Das. File | Photo Credit: Reuters The Reserve Bank of India…
Elevated, broad-based food inflation to force MPC to hold rates: economists
The Monetary Policy Committee (MPC), which will be meeting from August 6-8, would likely keep policy rates unchanged…
Food costs hit an 11-month peak in July
The average cost of a vegetarian meal increased 11% from June to July to touch ₹32.6, as per…
Government blinks on capital gains tax on real estate
Finance Minister Nirmala Sitharaman in the Lok Sabha on August 6, 2024. | Photo Credit: PTI Facing a…
Are enough formal jobs being created?
The story so far: The Union Budget for 2024-25 made it clear that employment was a major priority…
NCAER expects GDP growth of 7%-7.5% this fiscal
India’s GDP is likely to grow in the range of 7% to 7.5%, the National Council for Applied…
India’s gold demand dips 5% to 149.7 tonnes in June quarter on high prices: WGC
Representational image of gold bars and gold pellets | Photo Credit: Getty Images India’s gold demand declined 5%…
Piyush Goyal: No rethinking on supporting Chinese investments in India
Union Minister Piyush Goyal addresses a press conference, in New Delhi on July 30, 2024. | Photo Credit:…
Govt mopped up ₹98,681 crore from taxing LTCG in listed equities in FY23
Union Finance Minister Nirmala Sitharaman with her deputy Pankaj Chaudhary at the Parliament as she arrives to present…
Indian Bank plans to recover bad debts of ₹7,000 cr. in FY25
Indian Bank MD & CEO Shanti Lal Jain says that they are in comfortable position as cash recovery…
ITR: Over 7.28 Crore Income tax returns Filed by July 31 Deadline, Sets New Record
Photo used for representation purpose only. | Photo Credit: Getty Images/iStock A new record of over 7.28 crore…
72% of Income Tax assessees opted for new regime in 2023-24
Nearly 58.6 lakh returns were filed by first-time filers, a fair indication of widening of tax base, the…
A simple guide to understanding inflation
What is inflation? In simple terms, inflation refers to an increase in the price of goods and services…
GST receipts’ growth rebounds to 10.3%; July kitty third-highest ever
Gross revenue from domestic transactions grew 8.9% in July, easing from 9.4% recorded in June, but growth in…
China’s top leaders vow to improve confidence in its slowing economy
A statement issued after the meeting of Polit Bureau of China’s ruling Communist Party said coming months would…
On discarding indexation for long-term capital gains | Explained
For representative purposes. | Photo Credit: Getty Images The story so far: Finance Minister Nirmala Sitharaman’s announcement in…
India’s fiscal deficit for April-June at 8.1% of 2024/25 target
Image used for representative purpose only. | Photo Credit: REUTERS The fiscal deficit for the first quarter of…
ED declares 9 defaulters as fugitive economic offenders: Minister of State for Finance
Pankaj Chaudhary. File | Photo Credit: The Hindu The Directorate of Enforcement (ED) has declared nine defaulters as…
Piyush Goyal: FTA review talks with Japan, Korea, ASEAN are moving slowly, but India will pursue with the talks
PM Narendra Modi with Finance Minister Nirmala Sithraman, Commerce and Industry Minister Piyush Goyal, CII President Sanjiv Puri…
Spike in freight costs to hit exporters
The sharp rise in freight rate would impact medium and small entities, Ind-Ra’s Soumyajit Niyogi said. File |…
What’s the Budget push for infrastructure?
The government has sustained its expenditure as a share of the total budget on infrastructure. | Photo Credit:…
Budget 2024: New job schemes to kick off this year, says Finance Secretary T.V. Somanathan
The government is confident of launching the schemes in the Prime Minister’s package for employment and skilling announced…
Market capitalisation of six of top-10 valued firms jumps ₹1.85 lakh crore; LIC, Infosys biggest winners
Last week, the BSE benchmark climbed 728.07 points or 0.90%. File | Photo Credit: PTI The combined market…
Should India focus on natural farming?
Farm workers sow paddy saplings at an agricultural field in Ranchi on July 26, 2024. | Photo Credit:…
An outlining of urban transformation strategies
Cities are home to about 50 crore people, accounting for about 36% of India’s population. The urban population…
Govt. on track to reduce fiscal deficit: Fitch
Fitch Ratings on Friday exuded confidence that the Government of India should be able to achieve its enhanced…
Budget 2024 — long on intent, short on details
‘The fiscal arithmetic and the macro-policy stance in the Budget signal continuity and a carrying on with fiscal…
ITR filing deadline FY 2023-24: July 31 deadline may stay; Income Tax portal ramped up
The I-T department has seen a substantial rise in number of transactions. Photo: incometax.gov.in The July 31 deadline…
‘Reviews of I-T Act, Customs may be ready by next Budget’
The reviews of India’s Income Tax Act and the Customs duty rate structure, announced in this Budget, could…
Budget 2024: The government’s focus is on ease of paying taxes
Gold jewellery at a shop in Kolkata. | Photo Credit: AFP While providing primacy to growth with inclusion,…
India’s business activity grew at a three-month high in July, job creation rose at the fastest pace since April 2006, Flash PMI shows
New business activity in the services industry and manufacturing orders remained robust. File | Photo Credit: Reuters India’s…
Centre scraps angel tax on foreign investments
In a major respite to India’s fledgling start-ups, Finance Minister Nirmala Sitharaman announced scrapping of the contentious angel…
Basic Custom Duty for Mobile, Budget 2024: Nirmala Sitharaman announces duty cut on mobile phones, PCBA and chargers
Union Budget 2024: FM announces duty cut on mobile phones, PCBA and chargers. | Photo Credit: Haider Ali…
A case for regulating gig-based work
For representative purposes. | Photo Credit: iStockphoto The Karnataka government’s intent to introduce a legislation for the welfare…
Economic Survey 2023-24: Green steel to play key role in low carbon economy globally
The concept of green steel promotes the production of steel using green energy sources and minimizing the usage…
PPF returns still languishing lower than formula-based rates: RBI
The RBI indicated that the interest rates offered by the Union government on two of India’s most popular…
Anticipated allocations around personal taxation from upcoming Budget keeping fiscal deficit in mind
Photo used for representation purpose only. | Photo Credit: Getty Images/iStock Union Finance Minister Nirmala Sitharaman is set…
Forex reserve jump $9.70 billion to all-time high of $666.85 billion
As on July 12, the foreign currency assets increased by $8.361 billion to $585.47 billion, according to RBI…