Economy

Economy News

Budget 2024 Expectations: What to watch out for in India’s pre-election Budget

Finance Minister Nirmala Sitharaman, who will deliver her sixth budget speech on Feb. 1, has scope to keep infrastructure spending going and take targeted steps to support Modi’s priority sectors.

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Economy News

Govt likely to do heavy lifting, capex to increase

During the current financial year, the government has made a record high provision of Rs 10 lakh crore towards capex. With private investment still muted, the government is likely to.

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Economy News

Asset monetisation: Record mop-up of Rs 1.5 trn likely in FY24; Mining and highways to contribute over Rs 1 trn

Transactions with aggregate monetisation values of around Rs 0.97 trillion was completed in 2021-22 and Rs 1.32 trillion in 2022-23. Led by mining and highways, the Centre’s asset recycling drive.

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Economy News

Budget 2024 Expectations: How can Budget bring parity in taxation? Here are likely changes

Being an interim Budget, while it is said to have no major announcements as it is coinciding with the general elections year which is scheduled for early this year, ICRA.

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Economy News

RBI report calls for steps to boost finances of panchayats

The report noted that around 95% of the PRI revenues are in the form of grants from the Centre and states, restricting their spending ability that is already hampered by.

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Economy News

Govt spends on rural connectivity to be all-time high in FY24

An increase in disbursement from USOF can be attributed to BSNL’s Rs 30,000 crore 4G saturation project to connect about 30,000 villages. After failing to meet the Budget target to.

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Economy News

El Nino conditions to turn ‘neutral’ before monsoon: IMD

Mrutyunjay Mohapatra,Director General, India Meteorological Department, however, said there are several other parameters which could influence the monsoon. Amid concerns over the absence of snowfall and rains over the hills.

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Economy News

Petroleum exports fall in Jan on Red Sea tensions, may see steeper decline

The escalating threats to cargo vessels at the Red Sea has changed India’s export destinations of petroleum products as the country has started supplying more to East Asia and Africa.

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Economy News

Crucial meeting on combating unauthorised trade between India and Nepal concludes; both sides decide to enhance trade infrastructure: Indian Embassy

“Both the sides discussed mutual market access for pharmaceuticals and Ayurvedic products,” said the statement. India and Nepal have concluded a crucial joint meeting on combating unauthorised trade, and highlighted.

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Economy News

Majority of India-UK FTA issues either closed or at advanced stage of talks: Official

Additional Secretary in the Department of Commerce L Satya Srinivas said that the 14th round of negotiations between the officials of the two countries is underway here. The discussions on.

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