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Economy
Monsoon woes to linger into H2
The impact of the uneven and sub-par monsoon rainfall would linger on beyond the end of the monsoon season, with the potential to affect growth and inflation outcomes in H2 FY2024.
IMF lowers China’s 2023 economic growth forecast
China's economy expanded just 3.0 percent last year -- well below the official target of 5.5 percent -- as it was choked by draconian Covid-19 measures.
Israel-Hamas conflict: Indian exporters may face higher risk premiums, shipping costs
The International trade experts said the conflict may reduce the profits of domestic exporters but will not impact trade volumes unless war escalates.
18 per cent GST on corporate guarantee by parent co to subsidiary
In such cases, the open market value of the transaction or supply will be treated as zero, resulting in no tax liability.
GST mop-up rises 10% to over Rs 1.62 lakh Cr. in September
The revenue in September 2023 was 10 per cent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year: finance ministry
Commercial LPG prices hiked by Rs 209; ATF price hiked 5 per cent
A 19-kg commercial LPG cylinder will now cost Rs 1,731.50 in the national capital and Rs 1,684 in Mumbai.
Government tweaks angel tax valuation rules to address investors concern
Angel tax is imposed when an unlisted firm issues shares to an investor at a price higher than its fair market value (FMV).
Ambani scions to draw nil salary as directors
Mukesh Ambani, India’s richest billionaire, has been drawing nil salary from since FY21 and will continue to do the same for the next five years.
Indian G-sec Bonds in JP Morgan: yields to touch 7% in FY 24, says SBI
The inclusion of Indian Government Bonds will commence on June 28, 2024, with India being allocated a maximum weight of 10% on the index.
Joblessness rate at 42 per cent among graduates under 25
“Post-Covid, the unemployment rate is lower than it was pre-Covid, for all education levels.
The Silent Wealth Builder: How FDs Harness Compound Interest
Pune: Fixed deposits (FDs) are a popular investment choice in India, offering a combination of predictability, stability, and security. But one of the most overlooked benefits of FDs is their ability to harness compound interest.…
India’s gas consumption to grow 6-7% YoY, says ICRA report
Globally, the liquefied natural gas (LNG) prices moderated in CY2023 after reaching all-time highs in CY2022, influenced by changes in demand patterns across key consuming nations.
Finance ministry defends Q1 GDP numbers amid concerns over data credibility
On the issue of the discrepancy between income Vs expenditure approach, Ministry stated that real GDP growth for Q1 FY24 stood at 7.8% YoY, based on the income or production approach.
Indian Presidency at G20 lays foundation for global crypto policy: Finance Minister
She affirmed that the G20 will continue discussions on policy issues related to the common framework and periodically provide appropriate recommendations.
Nifty Realty jumps 45% in 6 months despite high interest rate concerns
Experts say as strong-listed players continue to increase their market share with strong order book and their debt levels coming down significantly, they are being cheered at Dalal Street.
High tomato prices make household thalis costlier; relief expected in September
The rising costs affected both vegetarian and non-vegetarian thalis, with the former experiencing a 24% rise and the latter seeing a 13% increase year-on-year.
Veg thali costs go up 24 pc in August riding higher tomato prices
MUMBAI: Higher tomato prices pushed up the cost of vegetarian thali by 24 per cent in August compared to the year-ago period, according to a report.
The cost, however, eased marginally when compared to July, Crisil Market Intelligence…
India’s imports of Russian oil fall to seven-month low in August
Indian refiners also cut imports from Iraq, another top supplier, to 866,000 barrels per day from 891,000 bpd.
Analysts temper optimism on strong Q1 GDP numbers
While India’s GDP growth for the Apr-Jun quarter came in above expectations, several factors are keeping the outlook cautious for the world’s fifth largest economy.
Moody’s raises India’s growth forecast to 6.7 per cent for 2023
Moody's said strong services expansion and capital expenditures have propelled India's 7.8 per cent real GDP growth in the second (April-June) quarter from a year ago.
