How macroeconomic indicators performed in December 2024?, ETCFO
State of the Indian Economy: December 2024 By Samriddhi Singh Mahar & Siddhi NawarThe International Monetary Fund (IMF) projects India to become the fourth-largest global economy by 2025, surpassing Japan with a nominal GDP of USD 4,340 billion. The end of the year has been eventful for the Indian economy,
10-minute delivery is boosting Indian economy’s ‘brightening spot’, highlights RBI, ETCFO
Quick Commerce: Image for representation Private final consumption is proving to be a key bright spot in India’s economic recovery, with e-commerce and quick commerce (q-commerce) playing a significant role, the Reserve Bank of India (RBI) stated in its recent bulletin. Calling consumption a “brightening spot”, the central bank emphasised
Electric vehicle sales in India crossed 14.08 lakh units in 2024: Kumaraswamy
Electric vehicle sales in India crossed 14.08 lakh units in 2024, achieving a market penetration rate of 5.59 per cent, up from 4.44 per cent in the previous year, Union Minister H D Kumaraswamy said on Saturday. The minister asserted that the upward trend in EV adoption underscores the growing
Government may introduce new income tax bill in Budget session
The government, in the ensuing Budget session of Parliament, is likely to introduce a new income tax bill which seeks to simplify the current I-T law, make it comprehensible and reduce the number of pages by about 60 per cent. Finance Minister Nirmala Sitharaman in her July Budget had announced
The double-edged sword: Accelerating agri-lending amidst slowing agri GVA
The Economic Survey for 2023-24 revealed a concerning reality: India’s agricultural sector, which contributes 17.7 per cent to the Gross Value Added (GVA), has been stagnating due to erratic weather patterns and uneven monsoon distribution. This highlights a troubling fact—agriculture is lagging behind in growth compared to the manufacturing and
Fog disrupts flight, train services in Delhi; AQI improves
A layer of fog enveloped Delhi on Saturday morning, reducing visibility and disrupting traffic movement. Other parts of North India also witnessed dense fog condition this morning. Due to fog, train and flight services disrupted in the national capital with some flights, and several trains being delayed at Indira Gandhi
Global wheat prices seen under pressure on record output
Global wheat prices will likely come under pressure in 2025 on record production but tightening supplies may offer short-term support, analysts have said. Wheat prices continue to decline on soft red winter harvest expectations. “Our revised forecast for the 2025 annual average second-month CBOT-listed wheat price has been adjusted downward
Centre mulls M&A framework overhaul to speed up corporate restructuring
The central government is considering significant amendments to the Companies Act, 2013, to streamline and simplify the merger, amalgamation, and demerger process. The focus is on reducing procedural bottlenecks and expediting corporate restructuring. A communication from the Cabinet Secretary T V Somanathan to various ministries has sought comments on proposed
Centre to back auto industry’s global leadership: PM Modi at Bharat Mobility Expo
Prime Minister Narendra Modi on Friday said that the Centre has given all the support to the automobile industry and they can expect more in the coming years as India becomes a leading automobile market in the world. Speaking at the inaugural session of the Bharat Mobility Global Expo 2025
India targets ₹1 lakh crore export earnings from fish, fishery products
India has set an ambitious target of achieving ₹1 lakh crore earnings through the export of fish and fishery products, according to George Kurian, Union Minister for Fisheries, Animal Husbandry and Dairying. Last year, the country achieved an impressive total income of ₹63,000 crore through the export of fish and