Budget 2024 Expectations: FICCI projects 7% GDP growth, CII calls for MGNREGA wage hike
Budget 2024 Expectations: In its latest Economic Outlook Survey, FICCI has projected a median GDP growth rate of 7.0% for the fiscal year 2024-25.
Category: Economy
India’s Tech Sector Needs 1 Million High-Tech Engineers as Economy Expands
India’s technology sector is on the brink of a significant transformation, driven by the rapid expansion of the economy and the increasing integration of advanced technologies.
UK Economy Returns to Growth, Boosting New Government
Britain’s economic output grew more than expected in May, providing an early boost to the newly-elected Labour government.
Gold Prices Rise Amid Weaker US Economic Data and Rate Cut Speculation
Gold prices inched higher on Thursday following softer-than-expected U.S. economic data, raising hopes that the Federal Reserve might cut interest rates as early as September.
Oil Prices Surge 2% on Summer Demand and Supply Concerns
Oil prices experienced a significant rise on Monday, climbing approximately 2% due to increased demand expectations during the Northern Hemisphere’s peak summer driving season and concerns over potential supply deficits caused by OPEC+ production cuts.
Economy Poised for Potentially Stable High Growth Phase: RBI’s MPC Member
The Indian economy is set for a potentially stable high growth phase and is well-positioned despite significant risks, according to Shashanka Bhide, a member of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC).
Indian Economy Expected to Sustain High Growth in FY25: ITC
The Indian economy is projected to maintain its high growth trajectory in FY2024-25, fueled by robust fixed investments and a revival in private consumption, according to ITC’s latest annual report.
India to Maintain Position as World’s Fastest-Growing Major Economy: World Bank
The World Bank has projected that India will continue to be the world’s fastest-growing major economy, despite a slight slowdown in growth.
Air India Adjusts Baggage Allowance to Match Industry Standards
Air India, one of India’s prominent airlines, has recently announced a revision in its baggage policy for domestic flights.
UN Rights Chief Urges Georgia to Abandon ‘Foreign Influence’ Bill Amidst Protests
Thousands of citizens have flooded the streets of Tbilisi for consecutive days, rallying against the proposed Law on Transparency of Foreign Influence.
Push to Delay Stage 3 Tax Cuts Sparks Debate Amid Inflation Concerns
Amid escalating concerns over inflationary pressures, leading economists are urging the Albanese government to reconsider the scheduled rollout of stage three tax cuts.
Dynamic Hybrid Funds: A Rising Star in Mutual Fund Investments
In the ever-evolving landscape of mutual fund investments, dynamic hybrid funds have emerged as a beacon of stability and growth for investors.
Income Inequality Takes Center Stage Amidst Political Turmoil
The issue of income inequality has long haunted the corridors of Indian politics, with leaders from Indira Gandhi to Narendra Modi grappling with strategies to address the gaping wealth divide.
Congress Abandons Inheritance Tax Amid Low Revenues and High Evasion Concerns
The Indian Overseas Congress Chairman, Sam Pitroda, reignited the debate surrounding inheritance tax, prompting a political tug-of-war between the Congress and the BJP.
Economists vs. Statisticians: Unraveling India’s GDP Conundrum
Even as international agencies paint an optimistic picture of India’s economic growth, a fierce debate ensues between economists and statisticians regarding the accuracy of India’s GDP data.
Cops Linked to Drug Trade: AAP MLA’s Explosive Allegations
In a political bombshell, Aam Aadmi Party (AAP) MLA Kunwar Vijay Pratap Singh has stirred controversy with allegations linking senior party leader Raghav Chadha to officers of the Punjab Police allegedly involved in supporting the drug trade in Amritsar.
India’s Growth Outlook Brightens Amidst Global Uncertainties
India’s economic trajectory for the current year appears brighter than anticipated, with multiple international agencies revising their growth forecasts upwards.
Oil Prices Decline Amidst Demand Concerns and Geopolitical Risks
Oil prices settled down 3% on Wednesday, facing downward pressure from multiple fronts including a surge in U.S. commercial inventories and softer economic data from both China and the United States.
Indian Households Remain Optimistic Amid Economic Challenges: Survey Shows
As India gears up for the 2024 general elections, the economic outlook and sentiments of households across the nation become increasingly significant.
TCIL Pays Rs 14.20 Crore Dividend to Government for FY 2022-23
Telecommunications Consultants India Ltd (TCIL), a Mini Ratna Category – I Status Company under the Department of Telecommunications, Ministry of Communications, has disbursed a dividend of Rs 14.20 crore to the government for the Financial Year 2022-23.
India-Middle East-Europe Economic Corridor (IMEC): Bridging Continents and Redefining Global Connectivity
During the G20 Summit in New Delhi, several countries collaborated to establish the India-Middle East-Europe Economic Corridor (IMEC).
Parshottam Rupala to Address 3rd Anniversary Event of PMMSY on 15th September 2023 in Indore
The PMMSY’s third anniversary promises to be a watershed moment in India’s path to change and revitalize the fisheries and aquaculture sectors, ultimately contributing to the country’s economic growth and food security.
Sovereign Gold Bond (SGB) Scheme 2023-24 Series II Opens Today: Here’s All You Need to Know Before Investing
The Reserve Bank of India (RBI) has once again opened the door for investors to participate in the Sovereign Gold Bond (SGB) Scheme 2023-24 Series II.
G20 Summit: Shaping Global Economic Cooperation and Sustainable Development
The G20 Summit, established as an intergovernmental forum in 1999, has transformed into a pivotal platform that tackles a diverse range of global issues.
Smart Tips for Financial Planning and Saving
Financial planning and saving are essential for building a secure and prosperous future. Here are some tips to help you get started and stay on track.
Vivad se Vishwas II: Transforming Government Contractual Dispute Resolution for Economic Growth
To address the contractual dispute and promote ease of doing business with the government, the Ministry of Finance has launched a groundbreaking initiative – “Vivad se Vishwas II.”
Road to Internationalizing Indian Rupee: Benefits, Challenges, and Lessons from China
The internationalization of a currency is a significant milestone for any nation’s economy. In the case
of India, the process of internationalizing the Indian rupee has been gradual, with limited progress
compared to other global currencies.