Page 88 - Indian Economy

India will have surplus domestic coal by FY26: Coal minister Joshi

The Union Cabinet on Wednesday approved Rs 8,500 crore financial incentives for coal gasification projects in three categories

Brookfield planning $1.2 billion of debt to buy India assets: Reports

Investment firm Brookfield is betting on growth in India, whose economy is outpacing that of other large countries and where smartphone usage is increasing rapidly

Direct tax-GDP ratio rises to 15-year high of 6.11% during FY23, shows data

However, direct tax collections rose higher than economic growth during FY23

India to retain top economy title as govt spending stays strong: Poll

While inflation rose to the fastest pace in four months in December to 5.69 per cent, driven by pressures from food prices, economists expect that to fade soon

EV push: FAME-III scheme set to power electric buses this Union Budget

Plans are also being drawn up to reduce the allocation for electric two-wheelers to Rs 2,500 crore from Rs 5,311 crore

Railway freight earnings second-highest since Covid, quantity carried grows

Nearly half the goods transported is coal; share of food grains declines

GST cess as an opportunity

India's economy should benefit from an early termination of the compensation cess

The rural push

Labour market conditions can affect long-term growth

Home truths: Luxury real estate looks set to retain its sheen this year

Stamp duty cuts, reduced circle rates, changing demographics propel high-end homes to new heights

Ram Temple witness to India's rise, to lay foundation for 1000 yrs: PM Modi

PM Modi underlined the importance of the current epoch and reiterated his line 'Yahi Samay Hai Sahi Samay Hai' (This is the time, the right time)

Tax buoyancy may give headroom for higher social sector budget: Report

The increased tax buoyancy as reflected in both income tax and GST monthly collection data will provide headroom to the government to allocate more funds for farmers and social sector schemes in the forthcoming interim budget, without sacrificing fiscal prudence, sources said. The focus in the interim budget, which will be the last major economic document of the Modi 2.0 Government ahead of the general elections, is likely to be on the issues being faced by poorer sections of the society, especially in rural areas. According to sources, collections from income and corporate taxes have been showing buoyancy in the current fiscal, and the total direct tax mop-up is likely to exceed budget estimates by about Rs 1 lakh crore. The government had budgeted to collect Rs 18.23 lakh crore from direct taxes in this fiscal. Till January 10, the mop-up stood at Rs 14.70 lakh crore, which is 81 per cent of budget estimates. On the Goods and Services Tax (GST) front, Central GST revenues are ...

Red Sea impact: Who would a price rise hurt the most?

The Indian economy will not remain untouched by the effect of Houthi attacks. Indian exports and imports will be adversely affected if the Red Sea route cannot be used

With online monitoring system going live, PC imports turn a trickle in Nov

Inbound shipments drop on monthly and yearly bases

Inflation needs to align with target by 2nd quarter: RBI monthly bulletin

It says headline inflation must align with 4% target by second quarter

India is emerging global leader in GCC, says RBI monthly bulletin

GCCs are offshore units of multinational corporations that operate across the globe

Food inflation can potentially impact headline: RBI monthly bulletin

Widely regarded as transient, these shocks appear to have imparted volatility and persistence to food inflation which averaged 6.7 per cent during April 2022 to November 2023, it said

India must sustain growth momentum, secure at least 7% growth in FY25: RBI

"In India, potential output is picking up with actual output running above it, although the gap is moderate," the RBI said in an article titled 'State of the Economy'

GDP growth will moderate to below 6% in December quarter: ICRA projection

Rating agency ICRA has projected the GDP growth rate to slow down to below 6 per cent in the December quarter, mainly account of sharp fall in kharif crop output, and weak progress in rabi sowing for some crops. india had registered a Gross Domestic Product (GDP) growth rate of 7.6 per cent in the July to September period. The rating agency said the year-on-year growth in ICRA Business Activity Monitor eased for the second consecutive month to a six-month low of 8.1 per cent in December 2023 -- as against 7.9 per cent in December 2022 and 9.6 per cent in November 2023. "This can be attributed to a combination of factors, including easing in momentum of activity after the end of the festive period, tapering of demand for electricity and petrol with the onset of the winter season in North India, as well as unfavourable base effects for some indicators," it said. Despite a moderation in year-on-year growth, the index witnessed a sequential uptick of 1.4 per cent in December 2023, driv

FY24 per capita income growth may be lowest in 21 years barring FY20, FY21

This was despite the real gross domestic product (GDP) being projected to grow by 7.3 per cent in the current financial year by the first advance estimates

Budget 2024 expectations: What stance will interim Budget 2024 adopt?

Nirmala Sitharaman's recent statement that the February 1 Budget would just be a vote on account could mean that she will uphold the convention surrounding an interim Budget