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Maharashtra will play key role in achieving India's $5 trillion economy goal: Minister Aditi Tatkare

Maharashtra will play key role in achieving India's $5 trillion economy goal: Minister Aditi Tatkare

Sat, Dec 21, 2024

Representing Maharashtra in the pre-Union Budget meeting held in Jaisalmer, Minister Aditi Tatkare on Saturday assured that Maharashtra would play a pivotal role in India's journey towards becoming a $5 trillion economy.

Nirmala Sitharaman: Economy to Improve in Coming Quarters

Nirmala Sitharaman: Economy to Improve in Coming Quarters

Wed, Dec 18, 2024

Nirmala Sitharaman, India's Finance Minister, states that the economy will improve in the upcoming quarters despite a temporary dip in Q2 growth. In this video, we discuss her comments on India's economic outlook and what it means for future growth.

India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA report

India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA report

Thu, Nov 21, 2024

India's economy is projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024), according to a report by ICRA.

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Editor's Take: Why The First Half Of The Year 2023 Will Not Be Easy? Reveals Anil Singhvi

Editor's Take: Why The First Half Of The Year 2023 Will Not Be Easy? Reveals Anil Singhvi

Fri, Dec 16, 2022

Confidence in the market, why not in the central banks? Why the first half of the year 2023 will not be easy? Know from Anil Singhvi.

Govt will work to further bring down inflation, says FM Nirmala Sitharaman as November WPI inflation hits 21-month low

Govt will work to further bring down inflation, says FM Nirmala Sitharaman as November WPI inflation hits 21-month low

Wed, Dec 14, 2022

Finance minister Nirmala Sitharaman told Parliament that the government will work for the common man to further bring down inflation.

PLI scheme qualifiers, Steel Ministry to ink pacts to materialise investment proposals

PLI scheme qualifiers, Steel Ministry to ink pacts to materialise investment proposals

Tue, Dec 13, 2022

On Friday, the government announced selection of 67 entries with an investment potential of Rs 42,500 crore under the scheme. The proposed investments are expected to generate 70,000 job opportunities and add 26 million tonnes of speciality steel capacity in the country.

Not good for govt to share data in aggregated form: Amitabh Kant

Not good for govt to share data in aggregated form: Amitabh Kant

Tue, Dec 13, 2022

Addressing the G-20 development working group meeting here, Kant said data is a key aspect to help any country meet her developmental goals and added that India has benefitted from the same.

Union Minister Nitin Gadkari says India needs to promote flex-fuel vehicles to tide over fluctuations in crude oil prices

Union Minister Nitin Gadkari says India needs to promote flex-fuel vehicles to tide over fluctuations in crude oil prices

Mon, Dec 12, 2022

Addressing an event organised by SIAM (Society of Indian Automobile Manufactures), Union minister Nitin Gadkari said that the aviation sector is also facing problems due to the high cost of aviation fuel.

Commerce ministry shares Russia's list of goods for import from India with exporters

Commerce ministry shares Russia's list of goods for import from India with exporters

Wed, Dec 07, 2022

Russia, on which sanctions have been imposed by western countries due to its invasion of Ukraine, has shared a list of hundreds of items from sectors including pharmaceuticals, textiles, auto components, and chemicals.

US indices decline after strong service-sector data feeds hawkish US Fed fears

US indices decline after strong service-sector data feeds hawkish US Fed fears

Mon, Dec 05, 2022

The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year, which saw the central bank attempt to arrest a multi-decade rise in inflation with record interest rate hikes.

States capital spends inch up just 2.2% in first half despite massive spike in revenues

States capital spends inch up just 2.2% in first half despite massive spike in revenues

Sun, Dec 04, 2022

The 18 states covered in this note are Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Himachal, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and Bengal.

FPIs turn net buyers in Nov; invest Rs 36,329 crore in equities

FPIs turn net buyers in Nov; invest Rs 36,329 crore in equities

Sun, Dec 04, 2022

India will get its fair share of Foreign Portfolio Investors (FPIs) money, however, the high valuation will be a deterrent, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

Abu Dhabi seeks Indian investments, invites start-ups to establish hubs

Abu Dhabi seeks Indian investments, invites start-ups to establish hubs

Sun, Dec 04, 2022

Abdulla Abdul Aziz Alshamsi, Acting Director General of Abu Dhabi Investment Office (ADIO) told PTI that his office will facilitate all investment avenues for Indian companies and called this as a natural extension of the growing relations between India and the UAE.

Govt working to extend Rs 3,500-crore PLI benefits to BIS-compliant toys

Govt working to extend Rs 3,500-crore PLI benefits to BIS-compliant toys

Sun, Dec 04, 2022

The official said that the measures announced by the government for the toys industry like introduction of quality control orders and increasing customs duties from 20 per cent to 60 per cent has helped in cutting down sub-standard imports and promoting domestic manufacturing in the country.

Govt to tighten scrutiny of imports; sets up 4-5 task forces to boost telecom manufacturing

Govt to tighten scrutiny of imports; sets up 4-5 task forces to boost telecom manufacturing

Sun, Dec 04, 2022

The minister had a meeting with over 40 CEOs of telecom gear makers that have qualified for production linked incentive scheme and decided to set up 4-5 task forces to provide market support to them as well as streamline their business for value addition in the economy.

IMF says it fully supports India's G20 agenda

IMF says it fully supports India's G20 agenda

Sat, Dec 03, 2022

The G20's Bali Declaration last month acknowledged differences among members on the Russia-Ukraine war but stressed that it was essential to adhere to international law, including the protection of civilians caught in conflicts.

Oil price cap on Russian oil will benefit emerging markets, help constrain Putin's finances: US

Oil price cap on Russian oil will benefit emerging markets, help constrain Putin's finances: US

Sat, Dec 03, 2022

The US said the price cap is an "important tool" to restrict the revenue Russia receives to fund its illegal war in Ukraine, while also maintaining a reliable supply of oil onto global markets.

Indian forex reserves grow by USD 2.9 billion to USD 550.14 billion

Indian forex reserves grow by USD 2.9 billion to USD 550.14 billion

Sat, Dec 03, 2022

In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

Budget 2023: Govt to offer incentives to boost shipbuilding industry

Budget 2023: Govt to offer incentives to boost shipbuilding industry

Fri, Dec 02, 2022

Budget 2023: A government panel has told the finance ministry that local tax rules deter investment in the shipping industry, compared to the tax regimes of Singapore, Malta, Cyprus and Panama, where the majority of global carriers were registered.

Panel proposes GST for natural gas; recommends compensation to states for 5 years

Panel proposes GST for natural gas; recommends compensation to states for 5 years

Wed, Nov 30, 2022

A committee headed by Kirit Parekh has submitted its recommendation on gas pricing formula to the government on Wednesday. In an exclusive chat with Zee Business, Chairman of the Sustainable Gas Pricing Committee gives detailed insights

S&P cuts India's growth forecast to 7% for FY23

S&P cuts India's growth forecast to 7% for FY23

Mon, Nov 28, 2022

S&P had in September projected the Indian economy to grow 7.3 per cent in 2022-23 and 6.5 per cent in next fiscal year (2023-24).

Strong bank loan growth in FY23 despite higher interest rates: Fitch

Strong bank loan growth in FY23 despite higher interest rates: Fitch

Mon, Nov 28, 2022

The rating agency expects greater competition for deposits over time, for example through higher rates on deposit accounts, as banks' liquidity buffers fall in their pursuit of loan growth.

With no signs yet of inflation cooling, experts predict more rate hikes

With no signs yet of inflation cooling, experts predict more rate hikes

Mon, Nov 28, 2022

As retail inflation in India continues to remain above the RBI's comfort zone for the past 10 months, analysts feel that more hikes are expected in future.

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