Page 230 - Economy & Policy News

Tax audit is the forte of chartered accountants: ICAI President Nanda

The finance ministry has asked the chartered accountants' body to review the new Income Tax Bill 2025 and suggest improvements

Net short position of RBI's forward book swells to $67.9 billion

REER moderates to 104.82 in January

Union Budget balances fiscal and growth objectives, says RBI report

According to the report, the budget reaffirms the government's commitment to fiscal discipline while fostering inclusive, long-term economic growth in line with the vision of Viksit Bharat

Economy on recovery path, rate cut to boost demand, says RBI report

Commenting that economic momentum is poised to be sustained, the report said strong rural demand is expected to receive a further fillip from the robust performance of the agriculture sector

US tariff hike may hit India's GDP growth by up to 0.6 pp: Goldman Sachs

This forecast considers various scenarios, including the US government's planned reciprocal tariffs in early April and the price elasticity of US demand for Indian exports

Govt faces an uphill task in providing social protections to gig workers

While Budget 2025 laid out plans to provide health insurance to gig and platform workers, awareness of government initiatives remains low among the target group

Sectoral growth, tech to power India's $23-35 trn 'Economic Vision': Report

By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent

US reciprocal tariffs to have limited impact on Indian economy: S&P

S&P believes that the government will meet its fiscal deficit target of 4.8%and 4.4% for the current and the next fiscal

GDP growth during current fiscal estimated to be 6.3%: SBI research

The report said that a healthy rural economy is reinforcing stability and sustains momentum in other sectors

Confident of Indian economy thriving in coming decades: Qatar's Amir

Highlighting the importance of renewable energy cooperation, the Amir underscored its role in shaping future strategies between the two nations

India's GDP growth likely rebounded to around 6.4% in Q3FY25: Poll

Poll of 12 forecasters shows pickup in rural demand, govt capex

Urban unemployment rate unchanged at 6.4% in Q3FY25, shows PLFS data

Female jobless rate improved to 8.1% in Q3: PLFS data

Corporate bond yields continue to harden despite RBI's repo rate cut

SBI, PNB, BoI expected to tap market for fund raise

Proteins vs beverages: Gnawing spending gaps in some states, shows data

The gaps in urban areas were even wider, with urban Gujarat spending ₹17 and urban Punjab ₹12 on beverages and processed foods for every ₹1 spent on eggs, fish and meat

Commerce department likely to seek more funds to help MSME exporters

Current allocation may not be enough to design and implement support schemes

RBI should focus on liquidity if it wants to support growth: Mishra

Mishra's comments come at a time when the banking system liquidity has been in deficit for the last nine weeks

Unemployment rate in urban areas dips to 6.4% in December quarter: NSSO

Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force

India's fiscal trajectory in line with our expectations: S&P Global Ratings

The Centre has set a target of achieving a fiscal deficit of 4.4 per cent of GDP in FY26, down from the revised estimate (RE) for FY25 of 4.8 per cent

Qatari Amir's visit comes even as India's natural gas usage falls

Besides, the US has also offered to sell India natural gas, a move that would certainly cut into current supplies from the West Asian nation

India-US trade deal on the horizon: Piyush Goyal hints at talks soon

During Prime Minister Narendra Modi's recent visit to Washington, both countries announced an ambitious plan to more than double their trade by 2030