Page 271 - Economy

The India story: How India, the 'bright spot', can continue to shine

The third part of the series looks at the areas it needs to focus on to realise its $5 trillion ambition and be counted among the top three economies

PM Modi stresses fundamental change in the mindset for Viksit Bharat

The meeting was chaired by the Prime Minister and attended by Finance Minister Nirmala Sitharaman, Chief Economic Adviser V Anantha Nageswaran, and NITI Aayog officials

FIEO bets on five sectors to drive exports to US under Donald Trump

The comment by exporters' body comes at a time when Trump threatens to impose high tariffs on Chinese goods

Job creation slows in unincorporated sector in 2023-24: NSO report

This is according to the latest factsheet titled 'Annual Survey of Unincorporated Sector Enterprises (ASUSE)' released by the National Statistical Office (NSO) on Tuesday

RBI report sees economic recovery in Q3; FPI flows turns positive in Dec

The report further said India's growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand

Rupee defence strategy: Why RBI should embrace currency flexibility

India now holds about $650 billion in reserves, enough to finance nearly a year of imports. The problem is that global financial markets have even more firepower

Jobs, farm productivity, infra funds figure at PM's meeting with economists

Prime Minister Modi emphasised that Viksit Bharat can be achieved through a fundamental change in mindset, which is focused towards making India developed by 2047

Unincorporated enterprises rise 12.28%, sees 10% rise in jobs: Govt survey

The sector employed more than 120 mill workers between October 2023 and September 2024, marking an increase of more than one crore workers from 2022-23 and reflecting robust labour market growth

Sold net $9.28 bn in spot forex market in October, says RBI Bulletin

The RBI's net outstanding forward sale stood at $49.18 billion as of October end, compared with a net sale of $14.58 billion at the end of the previous month, the data showed

One Nation, One Election bill could give ECI say over Assemblies' terms

In the current version of CAB, if a state's elections cannot be held with the LS, the EC will be empowered to declare the dates for those polls, effectively giving it final say on the Assembly's term

Year in review: 5 important regulatory changes by Indian govt in 2024

Addressing diverse areas ranging from patent processes to frameworks for AI regulation, the Centre introduced several significant regulatory changes in 2024

Rupee remains under pressure, touches new low of 85.12 per dollar

The local currency had settled at 85.02 per dollar after choppy trading on Friday, touching 85.11 per dollar before regaining ground against the greenback on the back of FTSE rebalancing inflows

Food inflation continues to play spoilsport for FMCG sector: Kantar report

The per household average spend in the urban market recorded a 13% jump in a year to reach Rs 6,761 this Oct quarter

Event organisers to gain ITC benefits as GST Council amends sponsorship tax

GST Council brings sponsorship services under forward charge mechanism

Inflation, tariffs & conflicts: Risks stack up for global economy in 2025

In richer economies, governments need to work out how to counter the conviction of many voters that their purchasing power, living standards and future prospects are in decline

Advancing tax administration: Role of technology in India's tax ecosystem

Transforming tax administration in India: Technology-driven reforms redefine compliance, efficiency, and strategic decision-making

Retail inflation for farm workers eases to 5.35%, rural labourers to 5.47%

The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase of 5 points each in November 2024, reaching levels of 1,320 and 1,331

How to tax popcorn? FM's formula sparks outrage against GST system

A finance ministry spokesperson, the GST Council Secretariat and a spokesman for the ruling Bharatiya Janata Party did not respond to requests for comment on the controversy

Rupee hits all-time low pressured by weak Yuan, strong dollar bids

The RBI's frequent interventions have supported the rupee in the face of multiple headwinds, including a hawkish shift in the Federal Reserve's outlook for policy rates over 2025, concerns about India

Middle East share of India's Nov oil imports at 9-month high; Russia down

Refiners in India have been gorging on cheaper Russian oil despite problems posed by sanctions aimed at reducing Moscow's oil revenue