New Delhi: India will be a USD 4 trillion economy in 2024-25 and surpass Japan by early next fiscal to become the world’s fourth largest economy, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal said on Thursday. Sanyal further said that a 7 per cent economic growth rate will be a ‘very … Read more
Robust capital expenditure by the government and improvement in business confidence will push the country’s economic growth in 2024-25, an official said on Tuesday. Chief Economic Adviser in the Ministry of Rural Development Kuntal Sensarma said that the focus areas in 2024-25 should be infrastructure growth, inclusive development and harnessing demographic dividend, among others. “The … Read more
Since the Centre made the New Tax Regime the default tax system in 2023, there has been many reports on which tax system is better and what to choose. The government introduced a new tax regime, known as Section 115BAC, as an alternative to the old tax regime. This new regime was optional and started … Read more
Finance Minister Nirmala Sitharaman today said that the remarkable revival of the Indian economy, particularly the banking sector, since 2014, is a lesson worthy of the Harvard Business School. She was addressing the Gujarat Chambers of Commerce and Industry (GCCI) in Ahmedabad on the theme Vikshit Bharat 2047.“In terms of weighing which India has restored … Read more
India‘s gross domestic product (GDP) will grow by 8% or more in the fourth quarter of current fiscal year, Finance Minister Nirmala Sitharaman said on Saturday. Sitharaman said that the economy is expected to show the same rate of year-on-year expansion for the 2023/24 financial year due to the impact of improved inflation management and … Read more
Shares of the crisis-ridden One 97 Communications, which runs Paytm, was back on the losing road on Thursday as the two-day ‘buy the dip’ rally fizzled out, taking the stock back to 10% lower circuit limit at Rs 447 on BSE. Fresh comments from RBI officials that the action against Paytm was taken after persistent … Read more
Union Finance Minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget session of Parliament, in New Delhi, on February 5, 2024. | Photo Credit: PTI The Finance Bill, 2024 will be brought up for consideration and passage in the Lok Sabha by Union Finance Minister Nirmala Sitharaman on Tuesday. The Interim Union Budget … Read more
If you are an OTT TV series fan like us at Kotak Private Equity team, you would realize that Feb 1, 2024, budget is the finale episode of Modi government Season 2. We will know by May if the series gets renewed for next season with the same star cast or not but finale episode … Read more
“I think right from the very beginning, when the preparations for this budget started, honourable PM was very clear and the guidance which we had was very clearly to give a direction towards the next 5 years, 10 years and so on,” says Nirmala Sitharaman, Finance Minister.Navika Kumar: Being a woman and making it to … Read more
This year’s interim budget has come on the back of a turbulent global economic environment marked by slowing global growth and rising volatility. Against this backdrop, Finance Minister Nirmala Sitharaman has very nicely balanced fiscal discipline, welfare necessities and inclusive economic growth. To everyone’s very pleasant surprise, the balance between economic growth and fiscal consolidation … Read more