Economy

UAE to address India's concerns over rise in silver, platinum alloy imports

In the case of silver, over the last few months, the commerce department tried to understand the reasons behind the surge in imports

129 mn Indians living in extreme poverty in 2024: World Bank report

Earlier, the World Bank had said that extreme poverty in India declined by 38 million in 2021 to 167.49 million, following a surge in the two preceding years

Goyal launches district master plan under PM GatiShakti for infra planning

Goyal said that the district master plan will be expanded to cover more than 750 districts across the country in the next 18 months

Canada's FDI into India has more than doubled since pandemic, shows data

The FDI numbers reflect a substantial investment in a venture such as a foreign company setting up a factory in India

GenZ spending likely to increase to $2 trillion by 2035, shows data

In 2024, the total consumption spending for Indians was pegged at $2 trillion, out of which GenZ cornered 43 per cent or about $860 billion

Showcause notice only a demand notice and not an adjudicating order

Rajagopalan answers readers' SME queries related to GST, export and import matters

RBI looking to establish a global model of risk-focused supervision: DG

He highlighted that historically, crises have acted as catalysts for bringing supervisors together to address shared challenges

Inflation may align with target in FY26: RBI Deputy Governor Patra

Patra says climate, tech risks seen as a threat to inflation-targeting

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

Institutions rule: COCD's path to the Nobel in economics this year

Why Colonial Origins of Comparative Development is Nobel-worthy

Gujarat CM Patel launches projects of Rs 564 crore for industrial estates

These projects, aimed at enhancing Gujarat's industrial ecosystem, were launched at an event held in Gandhinagar as part of 'Vikas Saptah' celebrations, the state government stated

Govt launches textile policy 2024 to boost growth; announces incentives

The policy highlights two main areas: technical textiles, including clothing and apparel, and various manufacturing processes like weaving and dyeing

India's outward FDI dips to $3.7 billion in September 2024: RBI data

Singapore emerges as top destination for Indian FDI in Q2

CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024

The Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, was announced in the Union Budget 2024-25 by the Union Finance Minister to resolve pending income tax disputes

Govt to sell up to 5% stake worth Rs 2,026 crore in Cochin Shipyard

The floor price for the sale is 1,540 rupees, an 8% discount to the stock's Tuesday close, the filing showed. At this price, the stake is valued at Rs 2,026 crore ($241.2 million)

Govt says no auction of satellite spectrum after Musk decries move

Telecoms Minister Jyotiraditya Scindia said during a New Delhi event that the spectrum will be allocated administratively in line with Indian laws, and its pricing worked out by the telecom watchdog

CAG shines a light on state govts' expenses, asks officials for clarity

The CAG last week raised concerns over unclassified expenditures, questioning state finance secretaries over 'hidden' funds marked for various handouts

BIT by bit: How new India-UAE trade pact may reset future investment talks

India's revised approach to bilateral trade now includes a three-year local remedy clause in the UAE pact which could impact future investment

Retail inflation projected to average 4.5% in 2024-25: RBI DG Patra

The government has tasked the Reserve Bank of India to ensure that consumer price index (CPI) based retail inflation at 4 per cent with a tolerance band of +/- 2 per cent around it

Economists delay India rate cuts to 2025 after Sept retail inflation spike

Food inflation, which accounts for nearly half of the consumption basket, rose to 9.24 per cent in September, compared to 5.66% a month prior