Economy

Economy News

Risks weigh on FY24 GDP forecast of 6.5%: Govt

The Economic Survey 2022-23 has projected the country’s real GDP expansion for FY24 to be in the range of 6-6.8%, while the RBI in the latest monetary policy statement raised.

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Economy News

FM Sitharaman asks CBDT to focus on compliance, widening taxpayer base

The Central Board of Direct Taxes apprised finance minister Nirmala Sitharaman of the development as part of a review meeting on Tuesday. Introduction of new data sources in Statement of.

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Economy News

India needs to be vigilant against several potential risks: FinMin Report

“It is important… to be vigilant against potential risks such as El Nino conditions creating drought conditions and lowering agricultural output and elevating prices, geopolitical developments and global financial stability,”.

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Economy News

IT Dept readying angel tax norms, valuation guidelines

According to sources, a number of startups have in recent weeks received notices from the tax department ascertaining details of their fundraise in previous years. The Income Tax Department is.

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BlackRock bullish on emerging markets, says have an edge over rest of world

The world’s biggest money manager favors stocks and bonds from the developing world over those from mature economies in the short term, touting China’s economic reopening and the end of.

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Economy News

India jumps 6 places on World Bank’s Logistic Performance Index

NICDC Logistics Data Services Limited applies radio frequency identification tags to containers and offers consignees end-to-end tracking of their supply chain, it added. India has climbed six places on the World.

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Economy News

‘El Nino to be moderate, its impact on monsoon minimal’

Amid predictions by global agencies that a return of El Nino conditions in the pacific could weaken the south-west monsoon in India, India Meteorological Department (IMD) earlier this month forecast.

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Economy News

Finmin explores options to allow firms to deploy blended finance instruments for green projects

Last year, the Union Cabinet approved India’s updated Nationally Determined Contributions (NDCs) incorporating the Prime Minister’s ‘Panchamrit’ strategy announced at the Glasgow conference into enhanced climate targets. The finance ministry.

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Economy News

Comfortable water levels in reservoirs, except in the east

Water levels in India’s reservoirs have dropped to a level 5% below last year’s record high, amid lingering concerns over heat waves in many parts of the country and monsoon.

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Economy News

Tomar issues crop-specific SOPs for pesticide application through drones

Agriculture minister Narendra Singh Tomar on Thursday released standard operating procedures (SOP) for the application of pesticides using drones for 10 crops including rice, wheat, cotton and maize. Agriculture minister.

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