Kochi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that the Indian economy and financial sector are well placed to handle any kind of spillovers from global events. The country’s external sector is also strong and our current account deficit has remained within manageable limits and stood at 1.1 per cent. “Today, … Read more
Mumbai : Samvat 2081 kicked off on a firm note as the country’s stock benchmarks gained nearly half a percent in Friday’s 60-minute Muhurat trading session, marking the start of the Hindu New Year. The Sensex closed at 79,724, up 335 points or 0.42%, after advancing as much as 634 points. The Nifty ended 94 … Read more
Neelkanth Mishra, Chief Economist, Axis Bank & Head of Global Research and Whole Time Director, Axis Capital, says the worst of the growth should be behind us in the sense that the Indian economy may be going through a cyclical bottom. The 7% odd growth is what the economy can deliver. The labour input, capital … Read more
Swaminathan Aiyar, Consulting Editor, ET Now, says strong GDP growth is associated with a fast rise in credit. After all, growth has to be financed. Some would say it is a sign that the GDP data are being inflated. One way or the other, either we are going to have GDP data revised downwards or … Read more
Representational image of rice grains being winnowed at a paddy field in Kerala. India has revoked the export duty on parboiled rice | Photo Credit: K.K. Mustafah The Union Government has scrapped the export tax on parboiled rice, it said in an official order on Tuesday (October 22, 2024), as inventories across India — the … Read more
New fund offers are gaining popularity just like the equity mutual funds. In August 2024, the mutual fund industry saw new fund offer (NFO) inflows totaling Rs 13,815 crore, spread across 18 NFOs. This was a decrease from the Rs 16,565 crore invested in 15 NFOs in July 2024. Of the 18 NFOs launched in … Read more
Despite robust macro-economic growth, India grapples with micro unpredictability due to technology among others, a survey by Aditya Birla Sun Life Insurance Company Limited. Based on the responses gathered from 7,978 participants across all age groups and professions, the survey reveals that 88 percent of respondents anticipate high or very high levels of financial uncertainty … Read more
Union Finance Minister Nirmala Sitharaman on Tuesday said that if it was in her hands, she would have reduced taxes to almost nil for all. She cited that the taxation process is crucial as India’s challenges are unique. Speaking at an event at the Indian Institutes of Science Education and Research, FM Sitharaman said: “Tax … Read more
Finance Bill 2024: Union Finance Minister Nirmala Sitharaman on Wednesday said that the government has successfully brought in a simplified tax structure. While replying to the discussion on the Finance Bill in Lok Sabha, FM Sitharaman said that the claim that corporate taxes are lower than the individual taxes claim is not well founded. While replying … Read more
भारत दुनिया में सबसे तेजी से आगे बढ़ती हुई अर्थव्यवस्था (India Fastest Growing Economy) बना हुआ है. वहीं प्रधानमंत्री नरेंद्र मोदी (PM Narendra Modi) के नेतृत्व वाली सरकार ने देश को विकसित राष्ट्र बनाने का टारगेट टॉप पर रखा है और इसके लिए 2047 तक की डेडलाइन तय की है. वहीं इस बीच हाल ही … Read more