With the Federal Reserve signalling potential rate cuts, the domestic market benchmark Nifty 50 recorded significant gains on Thursday, March 21. Despite these gains, the index has only risen by approximately one per cent for the calendar year 2024 (CY24). The timing and magnitude of potential rate cuts by the Fed remain uncertain, leaving questions …
Gross GST collection in February 2024 jumped 12.5 per cent year-on-year (YoY) to Rs 1,68,337 crore, according to an official statement released on Friday. “Gross Goods and Services Tax (GST) revenue collected for February 2024 is Rs 1,68,337 crore, marking a robust 12.5 per cent increase compared to that in the same month in 2023. …
The Q3 growth figure is almost twice as fast as the 4.3% recorded in Q3 of FY23. A Mint poll of 17 economists had thrown up a median of 6.6%. Other predictions, too, were similar. The Q3 figure reported by the statistics ministry is also higher than the 7.6% reported in Q2; this number was …
Jefferies said it will be “impossible” for large global investors to ignore the country New Delhi: India’s GDP is likely to touch $5 trillion over the next four years and will overtake Japan and Germany to become the third largest economy by 2027, Jefferies said on Wednesday. In a note, the investment banking company said …
The Modi government’s White Paper on the Indian economy, which slammed the Congress-led UPA government for “its policy misadventures,” is nothing but a political statement, says a key advisor to former Prime Minister Manmohan Singh. Prime Minister Narendra Modia and former PM Manmohan Singh {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} “It is pure politics. The Manmohan Singh …
Union Finance Minister Nirmala Sitharaman is set to table a motion on the ‘White Paper’ for the consideration of the Lok Sabha today, February 9. The motion is set to discuss the alleged fiscal mismanagement of the Congress-led coalition at the Centre during UPA rule. Nirmala Sitharaman had mentioned that the Centre would present a …
The Finance Minister says that the Govt will adopt economic polices that will foster and sustain growth, improve productivity, create opportunities for all, help them enhance capabilities. Guided by the principle of Reform, Perform and Transform, the government will take next-generation reforms, she says. Aligning with the Panchamrut goals, our government will focus on sustaining …
New Delhi: KM Birla in his annual note on Monday highlighted the many milestones achieved by the Aditya Birla Group in recent months. The industry veteran cited a letter penned by his grandfather, GD Birla, 50 years earlier to explain that the “secret to navigating this chaos” of changing times lay in “embracing the ideas …
The 54th Annual Meeting of the World Economic Forum (WEF), which began in Davos on January 15, will conclude on January 19. On the concluding day, Adani Group Chairman Gautam Adani shared a long post on LinkedIn, underscoring India’s emergence on the global stage, ethical use of artificial intelligence, Unified Payments Interface (UPI), direct benefit …
India’s GDP will grow by 7.3% in the current financial year (2023-24), slightly faster than the 7.2% growth in 2022-23, the First Advance Estimates (FAEs) released by the government on Friday showed. The FAE are presented at the end of the first week of January every year. They are only the first estimates of growth …