Business Standard

Economy

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

PM's internship scheme registers over 90,849 opportunities, says MCA
Updated On : 12 Oct 2024 | 12:42 AM IST
Updated On : 12 Oct 2024 | 12:09 AM IST

Indian tech sector saw deals worth $635 mn in Sep quarter: Grant Thorton

Mergers and Acquisitions (M&A) activity rebounded after a significant drop in Q1 2024, growing by 44 per cent sequentially to 26 deals in Q3 2024

Indian tech sector saw deals worth $635 mn in Sep quarter: Grant Thorton
Updated On : 11 Oct 2024 | 11:58 PM IST

Forex reserves breaks 7-week rising streak, stand at $701 bn as of Oct 4

In the period for which the forex reserves data pertains, the rupee had logged its worst week since May and had slipped 0.3% week-on-week

Forex reserves breaks 7-week rising streak, stand at $701 bn as of Oct 4
Updated On : 11 Oct 2024 | 11:28 PM IST

Srinivas gets additional charge as CEO of public procurement portal GeM

The government has given L Satya Srinivas, Additional Secretary in Department of Commerce, the additional charge of CEO of public procurement portal GeM.

Srinivas gets additional charge as CEO of public procurement portal GeM
Updated On : 11 Oct 2024 | 11:19 PM IST

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

The middle-income trap is a clear potential for India: Kenneth Kletzer
Updated On : 11 Oct 2024 | 11:18 PM IST

Steady growth: Net direct tax collection up 18.3% to Rs 11.3 trillion

Of the tax mop-up, personal income-tax (PIT) outpaced corporation tax. PIT stood at Rs 5.98 trillion (net) compared to Rs 4.88 trillion in the same period a year ago

Steady growth: Net direct tax collection up 18.3% to Rs 11.3 trillion
Updated On : 11 Oct 2024 | 11:12 PM IST

Industrial output shrinks in August, a first in 22 months: Govt data

Experts attribute the fall to more than usual rainfall, demand slowdown

Industrial output shrinks in August, a first in 22 months: Govt data
Updated On : 11 Oct 2024 | 11:06 PM IST

Less than 33% of youth can search Net, transact online: NSO survey

The share of the ones performing these tasks stood lower than the national average in as many as 16 states and Union Territories (UTs)

Less than 33% of youth can search Net, transact online: NSO survey
Updated On : 11 Oct 2024 | 10:36 PM IST

India-EU leaders flag slow progress in free trade agreement talks

Delphin and Goyal also highlighted the need to resolve constraints and regulatory hurdles faced by companies while doing business in India and the EU, respectively

India-EU leaders flag slow progress in free trade agreement talks
Updated On : 11 Oct 2024 | 10:25 PM IST

RBI decides to hold policy repo rate; changes stance gear to neutral

Das says inflation-growth balance well-poised; rates may start falling from Dec

RBI decides to hold policy repo rate; changes stance gear to neutral
Updated On : 11 Oct 2024 | 9:01 PM IST

Net direct tax collection grows 18% to Rs 11.25 trillion: Govt data

Refunds worth Rs 2.31 trillion were issued between April 1 and October 10, a growth of 46 per cent

Net direct tax collection grows 18% to Rs 11.25 trillion: Govt data
Updated On : 11 Oct 2024 | 7:36 PM IST

European Union's deforestation regulation, carbon tax unfair: Piyush Goyal

Major agriculture-exporting countries, including Brazil, India, Indonesia and the US, have raised objections to the EU Deforestation Regulation (EUDR)

European Union's deforestation regulation, carbon tax unfair: Piyush Goyal
Updated On : 11 Oct 2024 | 6:24 PM IST

Russian exporters fear liquidity crunch as payments stall on sanctions risk

That's adding to pressures on their cash reserves, the people said, particularly as overnight borrowing costs on domestic and foreign currencies have surged above 20% and there's little

Russian exporters fear liquidity crunch as payments stall on sanctions risk
Updated On : 11 Oct 2024 | 6:00 PM IST

Over 40% women-owned micro businesses lack emergency savings: MSC report

The report indicated that 45 per cent of women entrepreneurs lack savings for financial emergencies, making them highly susceptible to economic shocks

Over 40% women-owned micro businesses lack emergency savings: MSC report
Updated On : 11 Oct 2024 | 5:42 PM IST

Life insurers' new business premium rises 14% to Rs 35K cr in September

Meanwhile, Life Insurance Corporation (LIC) collected new premium of Rs 20,369 crore as against Rs 18,126 crore in September 2023, recording a growth of 25 per cent

Life insurers' new business premium rises 14% to Rs 35K cr in September
Updated On : 11 Oct 2024 | 4:01 PM IST

Edible oils import falls 29% in Sep tonnes on lower palm oil shipments

According to the data, import of vegetable oils in September declined 30 per cent to 10,87,489 tonnes compared to 15,52,026 tonnes a year earlier

Edible oils import falls 29% in Sep tonnes on lower palm oil shipments
Updated On : 11 Oct 2024 | 3:24 PM IST

WTO cuts 2025 world merchandise trade growth forecast to 3% from 3.3%

The first half of 2024 saw 2.3 per cent year-on-year increase. The rebound came against the backdrop of a slump in 2023 - of 1.1 per cent - driven by high inflation and rising interest rates

WTO cuts 2025 world merchandise trade growth forecast to 3% from 3.3%
Updated On : 11 Oct 2024 | 12:44 AM IST

Economists caution on RBI's growth optimism, project FY25 growth below 7.2%

RBI's confidence on growth has surprised market participants at a time when high frequency indicators pointing towards slowing economic activity

Economists caution on RBI's growth optimism, project FY25 growth below 7.2%
Updated On : 11 Oct 2024 | 12:32 AM IST

Centre considers seed funding to establish a shipping insurance entity

The finance ministry may undertake an amendment to the Insurance Act, which will allow mutual insurance associations

Centre considers seed funding to establish a shipping insurance entity
Updated On : 11 Oct 2024 | 12:06 AM IST