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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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World Bank sees India growth slowing to 6.6% next fiscal

World Bank sees India growth slowing to 6.6% next fiscal

Wed, Jan 11, 2023

The growth rate of 6.9 per cent in current fiscal year (April 2022 to March 2023) compares with 8.7 per cent in the previous year. For 2024-25, the growth rate is projected at 6.1 per cent.

Tariff hike-led revenue growth, 5G key events for telecom in 2023, decisive year for VIL: Report

Tariff hike-led revenue growth, 5G key events for telecom in 2023, decisive year for VIL: Report

Wed, Jan 11, 2023

According to CLSA's outlook, 2023 will have three trends to watch out for when it comes to India's mobile market. Among them will be 5G rollouts and monetisation led by top-end subscribers.

India's startup economy stares at deepening funding winter in 2023

India's startup economy stares at deepening funding winter in 2023

Sat, Jan 07, 2023

Indian startups, which saw a massive 35 per cent drop in funding in 2022 -- from $37.2 billion in 2021 to $24.7 billion (till November) -- are bracing themselves for a deepening funding winter in 2023 as recession fears loom.

Baltic Dry Index Falls Further After Record Drop, Watch Details In This Report

Baltic Dry Index Falls Further After Record Drop, Watch Details In This Report

Fri, Jan 06, 2023

Baltic dry index fell further after record drop. What is the connection of index with economy? Why is the Baltic Dry continuously diving? Know full details from Varun.

Govt's paddy procurement rises 10% to 541.90 lakh tonne

Govt's paddy procurement rises 10% to 541.90 lakh tonne

Wed, Jan 04, 2023

The government aims to procure 775.72 lakh tonne of paddy in the 2022-23 kharif marketing season (October-September).

SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

Mon, Jan 02, 2023

The additional Common Equity Tier 1 (CET1) requirement for D-SIBs was phased-in from April 1, 2016 and became fully effective from April 1, 2019

Corporate tax to GDP ratio exceeds 3% after two years in FY2022

Corporate tax to GDP ratio exceeds 3% after two years in FY2022

Sun, Jan 01, 2023

Corporate tax collections exceeded 3 per cent of the GDP after a gap of two years in 2021-22, reflecting overall improvement in profitability of India Inc propelled by increase in demand for goods and services

Budget 2023 Expectation: PHDCCI pitches for increasing health budget by 30-40 %

Budget 2023 Expectation: PHDCCI pitches for increasing health budget by 30-40 %

Fri, Dec 30, 2022

Industry body PHDCCI on Thursday said the health budget should be increased by 30-40 per cent as there is a growing need for health facilities and infrastructure across the country.

At least 2 more free trade agreements to be signed in 2023, says Piyush Goyal

At least 2 more free trade agreements to be signed in 2023, says Piyush Goyal

Fri, Dec 30, 2022

Speaking at the event to mark the operationalisation of the India-Australia Economic Cooperation and Trade Agreement signed in April this year, Goyal said January itself is filled with meetings between Indian Commerce Ministry officials and their counterparts abroad.

Frontloaded monetary policy actions to bring inflation further under control: RBI report

Frontloaded monetary policy actions to bring inflation further under control: RBI report

Thu, Dec 29, 2022

"Frontloaded monetary policy actions are expected to bring inflation into the tolerance band and closer to the target while anchoring inflation expectations," the FSR noted.

Post-pandemic pent-up demand surge, realty space may face global headwinds in 2023

Post-pandemic pent-up demand surge, realty space may face global headwinds in 2023

Thu, Dec 29, 2022

According to Anarock, 2022 housing sales in primary markets (fresh sales) across seven major cities stood at nearly 3.65 lakh units, an all-time high, up 54 per cent from 2,36,500 units last year.

India-Australia trade pact to come into force from today, over 6,000 products to get free access

India-Australia trade pact to come into force from today, over 6,000 products to get free access

Thu, Dec 29, 2022

India-Australia trade pact: The Economic Cooperation and Trade Agreement (ECTA), which was signed on April 2, would provide duty-free access to Indian exporters of over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery in the Australian market.

FMCG industry hopes to recover lost volume, margins in 2023; to shrug off shrinkflation

FMCG industry hopes to recover lost volume, margins in 2023; to shrug off shrinkflation

Tue, Dec 27, 2022

FMCG companies are "cautiously optimistic" and expect the rural market, which accounts for more than one-third of the overall sales, to bounce back in 2023 riding on a good harvest season, government impetus, and improvement in farm income.

Global economic developments expected to complicate outlook for Indian economy: Finance ministry report

Global economic developments expected to complicate outlook for Indian economy: Finance ministry report

Sat, Dec 24, 2022

"As we head into 2023, global economic developments are expected to complicate the outlook further, and therefore continued vigilance is a critical aspect in maintaining India's external resilience," a finance ministry report said.

Budget 2023 Expectations: Govt must incentivise companies for implementing sustainable solutions, says Honeywell Automation MD Ashish Gaikwad

Budget 2023 Expectations: Govt must incentivise companies for implementing sustainable solutions, says Honeywell Automation MD Ashish Gaikwad

Thu, Dec 22, 2022

Honeywell was working in India towards this goal and the company has been at the helm of innovations and technology in its business operations, Ashish Gaikwad, Managing Director at Honeywell Automation India says. There must be some form of help or collaboration from government to work more aggressively on sustainability, he adds

'Abnormal' anti-dumping duty should not be levied on Viscose Staple Fibre: SIMA to Finance Minister

'Abnormal' anti-dumping duty should not be levied on Viscose Staple Fibre: SIMA to Finance Minister

Wed, Dec 21, 2022

Over two lakh powerlooms in Tamil Nadu had diverted to VSF manufacturing and enabling value added exports and anti-dumping duty would again make manufacturers to switch over to imports that would have serious impact on the MSME spinning mills, Ravi Sam said.

Underlying economic activity continues to be strong, but external sector to dent growth: RBI Governor Shaktikanta Das

Underlying economic activity continues to be strong, but external sector to dent growth: RBI Governor Shaktikanta Das

Wed, Dec 21, 2022

It is the external sector, mired by a fear of recession or clear visibility about slowing growth in a large part of the world, where the challenges lie, he said, adding that the impact of external demand will "dent" the economy.

Govt approves Rs 357 crore for Foxconn under PLI for mobile phones

Govt approves Rs 357 crore for Foxconn under PLI for mobile phones

Wed, Dec 21, 2022

Government has cleared an incentive of a global company engaged in electronics manufacturing in the country.

Exporters seek support measures in Budget to boost shipments

Exporters seek support measures in Budget to boost shipments

Mon, Dec 19, 2022

Mumbai-based exporter and chairman of The Bombay Textile Research Association S K Saraf said exports are key drivers to promote the country's economic growth and the Budget should address issues being faced by the sector.

IT companies at STPI, SEZs exported software worth Rs 11.59 lakh crore in 2021-22: Govt

IT companies at STPI, SEZs exported software worth Rs 11.59 lakh crore in 2021-22: Govt

Sat, Dec 17, 2022

Minister of State for Electronics and IT Rajeev Chandrasekhar, in a written reply to a question from Rajya Sabha MP GVL Narasimha Rao, said IT units registered with STPI have exported software worth Rs 6,28,860.29 crore and SEZs Rs 5,30,350 crore in 2021-22.

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