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Investment, private consumption driving India's growth: IMF report

The IMF kept its GDP growth forecasts for India unchanged at 7 per cent for FY25 and 6.5 per cent for FY26 in its World Economic Outlook

NFRA likely to notify revised audit standards soon amid ICAI concerns

ICAI feels that given the complexities of the Indian market, the revised standards will concentrate audit work in the hands of a few big firms

Centre's fiscal deficit at 29% of FY25 target; capex challenges loom

Rising tax revenues and RBI dividend boost receipts

IBBI, IBA to launch centralised platform for asset liquidation auctions

Initially, the platform will be deployed in pilot mode, with a full rollout planned at a later date after incorporating improvements based on usage feedback

Privatising banks is essential: Arizona State University Economist Mehra

Mehra said that the bureaucracy is not going to voluntarily do anything that diminishes its influence

Urban demand stress under watch, festivals may boost consumption: FinMin

H1FY25 growth driven by rural demand, agriculture, services, and stable external sector

Progress on MDB reforms 'disappointing', says G20 expert group report

The report card comes a year after the G20 independent expert group on Strengthening MDBs had made its recommendations for reforming these institutions

Jobs most pressing global issue amid tech changes, says FM Sitharaman

Countries and institutions need to analyse trends in jobs creation and skills, she says

FM Nirmala Sitharaman calls for deeper dialogue on global sovereign debt

At roundtable in Washington DC, she cautions against contingency financing instruments

Can't accept FDI blindly, need safeguards, says FM Nirmala Sitharaman

Sitharaman said that to achieve the rate of growth India is aiming for, the country may need $100 billion to meet investment requirements, whereas the current figure stands between $70-80 billion

IMF should introspect, ensure they don't have mission drift: Sitharaman

'Expectations pinned on multilateral institutions are being frittered away because no solutions are coming out of them'

NFRA chairman Pandey stresses the need to adopt global audit standards

Pandey said that NFRA is trying to educate people about the need for adherence to global standards such as ISA 600

There's a renewed focus on GCCs with tech emphasis: KPMG India CEO

"Well-being is integral to our people strategy. As a firm, we are committed to creating an environment where every employee can thrive"

Cabinet approves 3% hike in Dearness Allowance; now stands at 53%

The combined impact on the exchequer due to the DA and DR increases would be Rs 9,448.35 crore per annum, according to the press statement

FM Sitharaman to start US, Mexico visit from today; IMF, WB meets on agenda

The finance minister will also take part in G20 Finance Ministers and Central Bank Governors meetings, in addition to bilateral meetings with various countries and organisations

RBI policy of not allowing crypto is a good approach: Amiyatosh Purnanandam

He said that the government needs to incentivize good long term risk taking by banks to push private investments

PM internship scheme looks to bridge gap in employability: FM Sitharaman

Overall, over 91,000 opportunities have been posted on the internship portal, and 155,000 applicants have registered to apply

Prime Minister internship scheme: Over 155,000 apply within a day

Shortlist of candidates identified by AI to be shared with firms on Oct 15

PM's internship scheme registers over 90,849 opportunities, says MCA

The scheme would target providing 125,000 internship opportunities to youth aged 21 to 24 in FY 2024-25 with a budget of Rs 800 crore

The middle-income trap is a clear potential for India: Kenneth Kletzer

Kletzer said India may be benefitting a little by being non-combatant in an increasingly worrisome world