Page 436 - Economy & Policy News

Economic outlook appears bright, 7% GDP growth expected in FY25: FinMin

During the current financial year, the Indian economy is estimated to grow at 7.3 per cent. This would be the third year in the row when the GDP would grow in excess of 7 per cent

Net FDI into India down 55% to $9.69 billion in Apr-Dec 2023: RBI Bulletin

Receding inflation, dip in borrowing costs may support FDI in 2024

Outward remittances under LRS rise 20% to $24.80 billion in 9MFY24

The outflows under the scheme were mainly driven by the international travel segment, equity and debt investments, maintenance of close relatives, among others

Govt cuts import duty on turkeys; exempts extra long staple cotton from tax

Similarly, import duty pertaining to meat and edible offal of turkeys, were also reduced from 30 per cent to 5 per cent effective Tuesday

WTO meet: Govt to oppose continuation of moratorium on e-comm trade duties

As per estimates, the potential tariff revenue losses to the developing countries are about $10 billion every year. For India, it could be over $500 million every year

'Tax rich, spend on poor to uplift them' is our economics: Karnataka CM

The CM was replying to the motion of thanks to the Governor's address to the joint sitting of Karnataka Legislature, in the Legislative Assembly

PM Modi seeks support of women to make 10 million 'lakhpati didis'

The prime minister lauded the beneficiaries of the Centre's major schemes in Jammu and Kashmir for setting an example for the rest of the country

Japan to invest Rs 12,800 crore for 9 projects in various sectors in India

The agreement to this effect was signed between Vikas Sheel, Additional Secretary, Department of Economic Affairs, and Suzuki Hiroshi, Ambassador of Japan to India

Tax reforms, reskilling of elderly needed in senior care: NITI Aayog

Protection of elderly from financial frauds needs to be ensured, says NITI

Progress or distress? Women's participation in workforce increases

What is behind the rising female participation in labour force, especially in rural areas? The answer depends on who you are listening to

PM's all-inclusive policies unlocked Arunachal's economic potential: Shah

Taking to his official 'X' handle, formerly Twitter, the Home Minister also greeted the citizens of Arunachal Pradesh, wishing for new heights of development in the state in the coming future

Govt delegation visits Singapore to boost bilateral trade, collaboration

The visit of the delegation was aimed at inviting investors to India and enhancing trade ties between India and Singapore, the official said

Kerala govt slams Centre's stand over 'conditional' nod to borrow money

"The Union government's stand is highly disappointing and will affect the fiscal federalism of the state and the day-to-day activities of the state government," Balagopal added

Five crops at MSP for five years: Centre's offer to protesting farmers

The fourth round of talks between farmers and Union ministers concluded late Sunday night

Religious minorities see sharper loss of regular wage jobs: PLFS data

Overall, the share of workers having wage/salaried employment has declined to 20.9 per cent in 2022-23 from 23.8 per cent in 2018-19

AyushMin gets rap for underuse of funds despite rising allocation

Expenditure for scheme stands at 74% and 85% of RE in FY24 and FY23

Rules apply to firms of all sizes: MoS IT on RBI move on Paytm PB

Says have received two proposals for semiconductor fab units, entailing $22 bn investment

Petty dispute relief scheme: Govt to waive interest, fee, penalty, too

The withdrawal does not entitle taxpayers to take credit or refund

8 sub-committees reviewing free trade agreement between India, Asean

In September 2022, both sides tasked the AITIGA Joint Committee to undertake the review to make the agreement more trade facilitative and mutually beneficial

No decision to reduce import duty on rubber as of now, says govt

This is because the government believes that the differential between local and international prices has been maintained