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
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
Pre-paid vouchers constitute supply of ‘goods’, taxable at 18%, rules UPAAR
Pre-paid vouchers can be treated at par with Sodexo vouchers or gift vouchers issued by Kalyan Jewellers and accordingly will attract GST at the rate of 18 per cent, Uttar Pradesh’s Authority for Advance Ruling (UPAAR) has ruled. “Supply of vouchers by the applicant are taxable at the rate of
Soft landing of global economy is increasingly a possibility: Nirmala Sitharaman, ETCFO
A soft-landing of the global economy, which has experienced tremendous stress over the past several years, is increasingly a possibility, Union Finance Minister Nirmala Sitharaman said Friday. Observing that better days are ahead primarily because of the coordinated action between countries and multilateral financial institutions, the finance minister at the
Global Livestock Conclave to be held in Wayanad from Dec 20
The Global Livestock Conclave, organised by Kerala Veterinary University with a focus on comprehensive development and productivity in the dairy and livestock sectors, has officially launched their website and brochure in Kochi. The website was launched by Pradeep Kumar, Vice Chancellor of Kerala University of Fisheries and Ocean Studies (KUFOS)
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
Religare Enterprises clarifies IRDAI’s no-objection letter not a final regulatory nod for Burman family’s open offer
Religare Enterprises Ltd (REL), currently at the centre of a corporate control tussle, asserted on Friday that IRDAI’s recent no-objection letter to the Burman family’s open offer for REL shares should not be interpreted as regulatory approval for the proposed acquisition of the diversified financial services group. This clarification aims
India wouldn’t be fastest-growing economy if people hadn’t utilised digital infrastructure: Nirmala Sitharaman, ETCFO
Finance Minister Nirmala Sitharaman stated that India wouldn’t have been the fastest-growing economy if the people hadn’t utilized the digital infrastructure. The minister emphasized the role of digital infrastructure in making India one of the fastest-growing economies. “Today, India wouldn’t have been the fastest-growing economy if the people hadn’t utilized
Govt to soon come out with battery-swapping guidelines for electric buses/cars
The government is finalising battery swapping guidelines for electric buses and cars, in addition to two and three wheelers which are already functional in some of the cities. The Ministry of Heavy Industries (MHI) will take the proposal to the Prime Minister Office (PMO) in the next fortnight for approval.