Job seekers at attend Aspire 2024 jointly organised by District Employment office and Vocational Higher Secondary Department at SRV Government Vocational Higher Secondary School in the city on Saturday. | Photo Credit: THULASI KAKKAT United States-headquartered multinational banking group Citi has said India’s unemployment challenge is multi-faceted one and even 7% GDP growth might not…
The Labour Party’s election manifesto for the recent polls also committed to clinching the deal. File. | Photo Credit: AFP With the new government taking charge in Britain, senior officials of India and the U.K. will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues…
As per a key finding of the Global Tax Evasion Report 2024, prepared by researchers at the EU Tax Observatory, global billionaires benefit from very low effective tax rates, which range between 0% and 0.5% of their wealth. | Photo Credit: Getty Images/iStockphoto The story so far: French economist Gabriel Zucman has in a recent…
The FMCG sector is expected to see a moderate revenue growth this fiscal, a new report said. File | Photo Credit: MOHD ARIF The fast-moving consumer goods (FMCG) sector is expected to see revenue growth of 7-9% this fiscal, according to a report released by CRISIL Ratings on July 6. The expected revenue increase in…
Food inflation likely hardened further in June from the 8.7% mark recorded in April and May, going by Crisil’s food plate cost tracker, which showed that a home-cooked vegetarian meal’s cost rose 10% year-on-year to a six-month high, while non-vegetarian meal costs hit a seven-month peak. The cost of a non-vegetarian meal was 4% lower than…
The bone of contention in the recent debate has been the drastic fall in household net financial savings to GDP ratio during 2022-23 on account of a higher borrowing to GDP ratio. In response to our previous article ‘On the Fall in Household Savings’ (The Hindu, April 21, 2024), the Chief Economic Advisor (CEA) to the…
Image for representation. | Photo Credit: Getty Images The unsold housing stock in Delhi-NCR has declined 57% in the last six years to 86,420 units at the end of March quarter this year, according to Anarock. Real estate consultant Anarock said in its latest report that NCR’s unsold stock declined from 2,00,476 units at the…
Image used for representative purpose only. | Photo Credit: PTI India has recorded a trade deficit, the difference between imports and exports, with nine of its top 10 trading partners, including China, Russia, Singapore, and Korea, in 2023-24, according to official data. The data also showed that the deficit with China, Russia, Korea, and Hong…
A woman buys packets of MDH and Everest spices at a store in Amritsar on May 21. | Photo Credit: AFP The story so far: Last month, Hong Kong and Singapore recalled certain spice mix products of the MDH and Everest Group allegedly over the presence of a higher than prescribed level of the sterilising…
Image used for representative purpose only. | Photo Credit: REUTERS Mirroring the global trend, Indian private equity and venture capital (PE-VC) investment softened to $39 billion in 2023, returning to pre-COVID-19 activity levels, reported Bain & Company on Monday. Traditional sectors, including manufacturing, healthcare, energy have shown resilience and gained share, with some 75% of…
