Economy

NEW DELHI: The real estate sector was in for a shock as the government on Tuesday removed the indexation benefit on long term capital gains on unlisted assets including real estate. Though the government has reduced the long term capital…

NEW DELHI: Despite the large build-up of connectivity infrastructure and energy-related assets, both sectors reported the need for corrections in the delay in land acquisition, and land-related clearances, said the Economic Survey of 2024…

NEW DELHI: India’s energy needs are expected to grow by 2 to 2.5 times by 2047 to meet the developmental priorities and aspirations of a growing economy, according to the Economic Survey tabled in Parliament on Monday. As per the survey,…

NEW DELHI: Land acquisition by developers and other entities plunged in the second quarter of this year (April-June) as the 2024 general elections and skyrocketing land prices dampened sentiments. The number of land deals closed in Q2 2024…

New Delhi: Indian manufacturing appears to be growing, creating more jobs. Indeed, the largest global hiring and matching platform, reports increased job openings in the sector and a need for new talents. The Indian industrial industry…

New Delhi: Union Chemicals and Fertilizers Minister Jagat Prakash Nadda said Saturday that the government will adjust its policies and programs to help the chemicals and petrochemicals industry grow. The minister spoke after starting the…

MUMBAI: The country’s forex reserves, a key monetary defence against external risks, have rallied by a whopping $10 billion to touch an all-time high of $666.85 billion as of the week ending July 12, boosted by the heavy inflow into…

New Delhi: India is likely to cut the floor price for basmati rice exports and replace the 20% export tax on parboiled rice with a fixed duty on overseas shipments, government sources said, as rice inventories in the country jumped a record…

In 2025-26, the IMF expects growth to slow to 6.5%, the same as what was projected in its April review.

Jairam Ramesh pointed out that corporate tax rates were slashed on September 20, 2019, with the hope of triggering a private investment boom. Instead, he noted, private investment has collapsed.

The proposed amendment would require manufacturers, packers, and importers to provide comprehensive labelling on all pre-packaged goods intended for retail sale, regardless of quantity.

India remains a critical market for deploying private equity capital, accounting for at least 22 per cent of the total inflows into Asia Pacific in the first half of 2024.

India is to overtake the US in terms of purchasing power parity by 2048 to become the second-largest economy of the world.

Thanks to the rather generous dividend from the RBI and higher-than-budgeted tax collections, Sitharaman might as well indulge in some much-needed fiscal therapy.

CIL has asked its subsidiary companies to spike up their offer quantity under e-auction to 40% of their respective total production.

Industry experts said the share of the sector in GDP has to go up if India has to achieve its target of becoming a $10 trillion economy in the coming years.

Sources said that the economists urged the government to take steps to accelerate economic growth and improve infrastructure.

Tomatoes have taken the biggest hit: local vendors are selling them for nearly Rs 100 per kg.

Food inflation likely intensified in June from the 8.7 per cent rate observed in April and May.

The Indian industry is demanding greater access for its skilled professionals from sectors like IT and healthcare in the UK market, besides market access for several goods at nil customs duty.