Congress president Mallikarjun Kharge. File | Photo Credit: ANI Congress president Mallikarjun Kharge on July 12 said that Prime Minister Narendra Modi “used PR” to keep the government away from basic issues but people were now demanding accountability after the June Lok Sabha poll results. Mr. Kharge took a swipe at the Prime Minister, saying…
Headline inflation has slowed in India mainly because of lower food prices, but the volatility of these prices remains an issue, Moody’s Ratings said. | Photo Credit: PTI Volatile and high food prices remain a concern, but base effects may help temper India’s retail inflation pace in June and possibly even cool it below 4%…
Arvind Virmani, NITI Ayog member. File | Photo Credit: Special arrangement “The Indian economy will grow around 7% in the current fiscal year and is on track to maintain a similar growth rate for several years,” NITI Aayog member Arvind Virmani said on July 12. Mr. Virmani said there are new challenges facing the country…
Farmers expect this government to take a radical break from all its earlier Budgets. File | Photo Credit: K.K. Mustafah The Bharatiya Janata Party-led National Democratic Alliance faced huge setbacks in the Lok Sabha elections in the agrarian belts of the country. The BJP lost in at least 38 seats in five States where the farmers’…
Stressing that a deep and vibrant bond market is critical to spur private investments, India’s apex mutual fund body has urged the Finance Ministry to rethink the imposition of short-term capital gains tax introduced last year on debt-oriented mutual funds with equity exposure of up to 35%. In its proposals for the upcoming Union Budget…
With schemes that provide funds for infrastructure creation, technology upgradation and climate change adaptation, the MSME sector will be able to contribute even more for the economy | Photo Credit: Siva SaravananS Recently, Union Minister for MSMEs Jitan Ram Manjhi said six pillars were identified as focus areas for the growth of the MSME sector…
Union Finance Minister Nirmala Sitharaman holding a folder-case containing the Interim Budget 2024. | Photo Credit: SHIV KUMAR PUSHPAKAR A ‘robot tax’ to cross-subsidise employees who lose jobs because of the adoption of Artificial Intelligence (AI) by their employers is a key item on the budget wishlist of the Swadeshi Jagran Manch (SJM), which is…
The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai.File | Photo Credit: Reuters The Reserve Bank of India (RBI) in a notification issued on Wednesday evening allowed resident individuals to open Foreign Currency Account (FCA) in International Financial Services Centres (IFSCs) at GIFT City in Gujarat…
File picture of Meghalaya Chief Minister Conrad Sangma speaking in the State Assembly, in Shillong | Photo Credit: ANI GUWAHATI: Assam and Meghalaya on Wednesday decided to cut their fiscal flab by downsizing or dissolving unproductive boards. The decision to dissolve the Meghalaya State Housing Board (MSHB) and downsize the Assam State Agricultural Marketing Board…
Employees work at the assembly line inside TMB’s mobile phone battery manufacturing plant in Noida, in 2018. | Photo Credit: REUTERS The story so far: The Indian Cellular and Electronics Association (ICEA), an industry body representing mobile and other electronics assembly and manufacturing units, has called for a reduction of tariffs on certain components for…
