Festive demand will help shrug off temporary slowdown, says RBI report, ETCFO
Aggregate demand in India is poised to shrug off the temporary slowdown in momentum in the second quarter of 2024-25 as festival demand picks up pace and consumer confidence improves, Reserve Bank of India (RBI) said in its monthly bulletin for October 2024. “Rural demand is expected to get a
Farmers require comprehensive crop insurance scheme: Agri economist
Agricultural economist and Tata Institute of Social Sciences (TISS) Professor R Ramkumar called for a comprehensive overhaul of the country’s crop insurance scheme, which should extend beyond crop losses to include income risks. Stating that settlement rates were very low, he called for the induction of public insurance companies into
Biggest challenge before Indian economy is employability, says FM Nirmala Sitharaman, ETCFO
In a fireside chat on India’s decadal economic reforms and continued economic growth in New York, Union Finance Minister Nirmala Sitharaman on Monday (local time) said that the biggest challenge before India is employability. Answering a question on how the country plans to take advantage of the demographic dividend, Sitharaman
Experts downplay panic amidst $12 billion FPI sell-off in Indian equity markets in October
Foreign Portfolio Investors (FPIs) may have caused turbulence in Indian equity markets with their substantial $12 billion in gross sell-offs in October, but experts caution against panic or making doomsday predictions. This is because value of $12 billion sold is just a minuscule proportion of the $800 billion stock of
IMF, World Bank need to give emerging economies prominent role in decision-making processes: Shaktikanta Das, ETCFO
Reserve Bank of India (RBI) Governor Shaktikanta Das highlightwhile addressing the Macro Week 2024 event in Washington called on global organisations such as World Bank and International Monetary Fund (IMF) to provide prominent role in decision-making processes to emerging economies. Das pointed out that institutions like the International Monetary Fund
Formal jobs slip in August; EPF additions down 15%, CFO News, ETCFO
The decline in new subscriptions was more significant among women than men India’s formal job market witnessed a decline in August with all three social security schemes recording a fall in new subscribers, data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday showed. New subscriptions to
Corporates can file ITR for FY25 till November 15
The Income Tax Department has extended the due date for filing returns by corporates and individuals whose accounts need to be audited to November 15. “The Central Board of Direct Taxes (CBDT), in exercise of its powers under section 119 of the Income-tax Act, 1961, extends the due date of
Deloitte projects Indian economy to grow 7-7.2% in FY25, CFO News, ETCFO
The Indian economy could grow between 7-7.2 per cent in the current fiscal on strong government spending, and higher manufacturing investments, but a tempered global growth will impact the outlook for the next fiscal, Deloitte India said on Tuesday. In its ‘India Economy Outlook for October 2024’, Deloitte said the
Part of India’s sugar export quota to Maldives ‘diverted’ to Sri Lanka, Malaysia
Some Indian exporters have allegedly misused a part of the 64,494.33 tonnes of sugar allocated by the Centre to Maldives under a bilateral agreement between the two countries. The Directorate-General of Foreign Trade (DGFT) had on April 5, 2024, issued a notification under the agreement permitting rice, wheat flour, dal,
InterGlobe Aviation slips into red
After seven consecutive quarters of profit, InterGlobe Aviation slipped into the red posting a net loss of ₹986 crore in September-end quarter. In the same period last year, the company, which operates India’s largest domestic airline IndiGo, had reported a net profit of ₹188 crore. The airline management blamed seasonality, temporary headwinds