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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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Public sector contributes 20% to national income, accounts for 40% of total wages: Report

Public sector contributes 20% to national income, accounts for 40% of total wages: Report

Mon, Aug 29, 2022

The share of the private sector in GVA and wages is "more evenly balanced", the agency said, pointing out that it accounts for 35.2 per cent of the wages while its contribution to GVA is 36.3 per cent for the same period.

September, historically, worst month of the year for US stock market

September, historically, worst month of the year for US stock market

Mon, Aug 29, 2022

The Dow and S&P 500 and fell sharply in September last year and in 2020, even though the broader market rallied in both years. That doesn't mean stocks are doomed to finish this September in the red, of course. Stocks rallied in each of the three Septembers prior to the pandemic.

FM Nirmala Sitharaman makes big statement on FY23, FY24 GDP

FM Nirmala Sitharaman makes big statement on FY23, FY24 GDP

Fri, Aug 26, 2022

"The global situation continues to be challenging and it is not the right time to throw caution to the winds as yet," she added.

Inflation trajectory heavily contingent on geopolitical developments: RBI Deputy Governor Michael Patra

Inflation trajectory heavily contingent on geopolitical developments: RBI Deputy Governor Michael Patra

Fri, Aug 26, 2022

The RBI on its part has front-loaded monetary policy response, with a cumulative 140 basis points increase in the benchmark rate so far with an aim to check high inflation which is ruling above its comfort zone of 6 per cent for the past seven months

States' revenue growth to slide to 7-9% despite robust GST collections - What report said

States' revenue growth to slide to 7-9% despite robust GST collections - What report said

Wed, Aug 24, 2022

The revenue growth had galloped 25 per cent in FY22 courtesy a lower base in the pandemic-affected FY21, the report by rating agency Crisil, which analysed 17 states accounting for 90 per cent of the aggregate GSDP, said

India better placed on growth-inflation-external balance triangle: FinMin report

India better placed on growth-inflation-external balance triangle: FinMin report

Fri, Aug 19, 2022

On the price situation, the review said in absence of any further shocks, the downward movement of global commodity prices along with the RBI's monetary measures and the government's fiscal policies are expected to cap inflationary pressures in the coming months

Inflation 'unacceptably and uncomfortably' high: RBI Governor at MPC meet

Inflation 'unacceptably and uncomfortably' high: RBI Governor at MPC meet

Fri, Aug 19, 2022

At its meeting from August 3 to 5, MPC decided to increase the benchmark lending rate by 50 basis points to 5.40 per cent with a view to tame inflation.

50% of companies worldwide planning job cuts amid economic downturn: Report

50% of companies worldwide planning job cuts amid economic downturn: Report

Fri, Aug 19, 2022

According to the latest PwC 'Pulse: Managing business risks in 2022' survey in the US, 50 per cent of respondents are reducing their overall headcount, even as business leaders remain concerned about hiring and retaining talent.

Cabinet Decisions Today: From interest subvention on agriculture loans to ECLGS enhancement, top 4 decisions taken today

Cabinet Decisions Today: From interest subvention on agriculture loans to ECLGS enhancement, top 4 decisions taken today

Wed, Aug 17, 2022

Cabinet Decisions Today: Union Cabinet Chaired by Prime Minister Narendra Modi took several important decisions on Wednesday including restoring the Interest Subvention of 1.5% for agriculture loans up to Rs 3 lakh and enhancing the ECLGS to Rs 5 lakh cr

11% growth possible in next decade if India does this, says RBI Deputy Governor Michael Patra

11% growth possible in next decade if India does this, says RBI Deputy Governor Michael Patra

Sat, Aug 13, 2022

India has a window of opportunity in terms of its demographic advantage, capability to boost manufacturing, increase in exports value as well as internalisation, Patra said while delivering a speech to celebrate 'Azadi Ka Amrit Mohotsav' organised by the Reserve Bank of India, Bhubaneswar.

Money Guru: As India gears up for 75th Independence Day celebration, where should you invest for benefit in New India? Expert decodes

Money Guru: As India gears up for 75th Independence Day celebration, where should you invest for benefit in New India? Expert decodes

Sat, Aug 13, 2022

Money Guru: In today's edition of "Money Guru" Zee Business Swati Raina held a special discussion on 'New Funds to Invest in New India' with expert Vijay Mantri, Co-Founder of JRL Money.

UK economy contracts in 2nd quarter as recession fear grows

UK economy contracts in 2nd quarter as recession fear grows

Fri, Aug 12, 2022

The Office for National Statistics said Britain's gross domestic product fell by 0.1% between April and June, down from 0.8% growth in the previous quarter. GDP shrank by 0.6% in June, and growth estimates for May were revised down from 0.5% to 0.4%.

July retail inflation softens to 6.71% from 7.01% in June

July retail inflation softens to 6.71% from 7.01% in June

Fri, Aug 12, 2022

India's retail inflation softened to 6.71 per cent in July from 7.01 per cent in June according to a data release by the government on Friday

OPEC cuts oil demand forecasts as economic growth slows

OPEC cuts oil demand forecasts as economic growth slows

Fri, Aug 12, 2022

Risks facing the world economy include ongoing geopolitical tensions and supply chain issues, the continued Covid-19 pandemic, rising inflation, high sovereign debt levels in many regions, and expected monetary tightening by central banks in the US, Britain, Japan and the Euro zone.

India to be fastest growing economy this year - What government source said

India to be fastest growing economy this year - What government source said

Thu, Aug 11, 2022

While inflation continues to be above the comfort zone, the economy has continued on its recovery path, supported by pent-up demand for services and higher industrial output

Surge in credit demand, falling liquidity may lead to credit tightening: Report

Surge in credit demand, falling liquidity may lead to credit tightening: Report

Wed, Aug 10, 2022

The liquidity condition is expected to become even more challenging over the coming months, owing to an expected seasonal pick-up in cash-in-circulation caused by the festive season, India Ratings and Research said in a report

Government releases Rs 1.16 lakh crore of tax devolution to states

Government releases Rs 1.16 lakh crore of tax devolution to states

Wed, Aug 10, 2022

The share of states in the Central taxes -- at the aggregate level of 41 per cent -- was decided by the 15th Finance Commission. Typically, this is transferred in 14 installments in a fiscal year.

Asian shares slip ahead of crucial US inflation data

Asian shares slip ahead of crucial US inflation data

Wed, Aug 10, 2022

The dollar reversed losses overnight and was trading flat in Asia. The dollar index, which measures the safe-haven greenback against six major peers, was down 0.009% at $106.330.

Profit of public sector banks rises 9% to Rs 15,306 crore in April-June

Profit of public sector banks rises 9% to Rs 15,306 crore in April-June

Tue, Aug 09, 2022

Of the total 12, three lenders -- State Bank of India (SBI), Punjab National Bank (PNB) and Bank of India -- reported fall in their profits ranging from 7-70%

SEBI proposes Blue Bonds concepts for sustainable finance—All You Need To Know

SEBI proposes Blue Bonds concepts for sustainable finance—All You Need To Know

Tue, Aug 09, 2022

Markets regulator SEBI has proposed the concept of blue bonds as a mode of sustainable finance, saying such securities can be utilised for various blue economy-related activities, including oceanic resource mining and sustainable fishing.

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