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No FAME 3.0 announcement in Budget’ 25: Kumaraswamy
While Kumaraswamy didn’t give an exact timeline for the launch of the new scheme, he did confirm the scheme is in its final stages.
IMF raises India’s growth forecast by 20 bps to 7% for FY2024-25
In 2025-26, the IMF expects growth to slow to 6.5%, the same as what was projected in its April review.
Apple hits record $8 billion in sales in India
According to a recent report, Apple’s revenue in India surged by approximately 33% in the 12 months ending March, rising from $6 billion the previous year.
श्री सत्य साईं संजीवनी अस्पताल में कार्डियक वार्ड का उद्घाटन- सरकारी उपक्रम आरईसी जीवन का उपहार
जन्मजात हृदय रोग के साथ पैदा हुए 1000 बच्चों के लिए जीवन रक्षक हृदय शल्यचिकित्सा पूरी होने की याद में बनाया गया
Corporate tax cut enriched billionaires by Rs 2 lakh crore; middle-class hit by heavy taxes:…
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.
Government proposes mandatory labelling for bulk pre-packaged commodities; seeks public comments
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.
PE inflows begin to look up, jumps 75% QoQ 3.6 billion USD in Q2
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.
Scindia to meet advisory groups next week
According to a Department of Telecommunications (DoT) official, on July 15, the minister will engage with the Satellite Communication Ecosystem and Telecom Electronic Ecosystem groups.
India can become world’s second-largest economy by 2031: RBI Dy Governor
India is to overtake the US in terms of purchasing power parity by 2048 to become the second-largest economy of the world.
Flush with money, on whom will the Finance Minister shower her largesse in the budget?
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.
Coal India to revise E-auction norms for better market efficiency
CIL has asked its subsidiary companies to spike up their offer quantity under e-auction to 40% of their respective total production.
MSP covers just 6% of agri economy but eats up Rs 13.5 trillion, stifling rest of farm sector: SBI…
If the government procures all the MSP crops, the fiscal burden will be a whopping Rs 13.5 trillion of FY24 GDP, argues Soumyakanti Ghosh, the chief economic advisor at SBI
Manufacturing sector seeks major reforms from FM
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.
PM Modi meets economists ahead of Union Budget
Sources said that the economists urged the government to take steps to accelerate economic growth and improve infrastructure.
ED Sandeep Kumar is elevated to Director (Finance) at PFC
New Delhi: The Govt. of India has appointed Sandeep Kumar as Director (Finance) at Power Finance Corporation Limited (PFC), effective today, July 11. Mr. Kumar had been Executive Director (Finance) at PFC since January 01, 2020 and was…
REC avails Green Loan facility worth JPY 31.96 Billion from Deutsche Bank AG, at GIFT City Gujarat
Gurugram: REC Limited, a leader in the Indian power sector and MAHARATNA has successfully availed a green loan of JPY 31.96 Billion (USD 200 million) to finance eligible green projects in India. This strategic investment reinforces REC's…
India’s telecom manufacturing sales surpass Rs 50,000 crore under PLI scheme
The government launched the PLI scheme to enhance domestic manufacturing capabilities and make India a global hub for telecom equipment production.
ONGC to invest Rs 2L crore to achieve net-zero carbon emission by 2038
Another Rs 65,500 crore will be allocated by 2035, primarily for green hydrogen and green ammonia facilities.
Veggie prices head north as weather blamed for supplies
Tomatoes have taken the biggest hit: local vendors are selling them for nearly Rs 100 per kg.
Markets rebound as blue-chip stocks lead early trade gains
The 30-share BSE Sensex climbed 205.99 points to 80,166.37 in early trade, whereas the NSE Nifty went up by 53 points to 24,373.55.