Economic Development
1 min read
9

Punjab & Sind Bank launches e-bank guarantee facility 

November 3, 2024
0

Punjab & Sind Bank (PSB), a public sector bank, has launched e-Bank Guarantee (e-BG) facility in partnership with National e-Governance Services Ltd (NeSL). This new facility replaces paper-based BG issuance process with stamping and signatures.  With secured transmission and enhanced transparency, beneficiaries are saved of efforts and time in verification

Continue Reading
Economic Development
2 min read
15

After Diwali and festivities, traders’ focus shifts to wedding season

November 3, 2024
0

After a successful Diwali season, traders across the country are now preparing for major business opportunities in the upcoming wedding season, set to begin with Dev Uthani Ekadashi on November 12 and continue until December 16. According to a study conducted by the Confederation of All India Traders (CAIT), the

Continue Reading
Economic Development
3 min read
40

Can solar energy transform farms for sustainable agriculture and environmental conservation?

November 3, 2024
0

As India progresses on its target to create 500 GW of renewable energy (RE) generation capacity by 2030, solar power is expected to make a significant contribution. However, with a land requirement of 3.5 acres/MW, solar is expected to compete with agriculture for land resources. However, various initiatives are underway

Continue Reading
Economic Development
3 min read
38

ADB lauds India’s fossil fuel subsidy reforms, CFO News, ETCFO

November 2, 2024
0

New Delhi, India has since 2010 made noteworthy progress on fossil fuel subsidy reform through a calibrated ‘remove’, ‘target’, and ‘shift’ approach, the Asian Development Bank (ADB) said in a new report. “By carefully balancing the combined effect of three key policy levers – retail prices, tax rates, and subsidies

Continue Reading
Economic Development
3 min read
15

India’s 7%+ FY25 growth target relies on robust investment, inflation control: EY report, ETCFO

November 2, 2024
0

NEW DELHI: Optimistic GDP growth projections for FY25 depend on strong government investment and effective inflation control for India to reach over 7 per cent growth, according to Ernst & Young (EY) report. Recent reports indicate a mixed outlook, with the Reserve Bank of India (RBI) maintaining a cautious stance

Continue Reading
Economic Development
2 min read
13

FPIs record unprecedented Rs 1.13 lakh crore sell-off in October, remain buyers in cash market, ETCFO

November 2, 2024
0

Marking the highest-ever monthly selling spree, the foreign portfolio investors (FPIs) in India offloaded a staggering Rs 1,13,858 crore through the exchanges in the month of October. However, they remained active buyers in the primary market for the month. As opposed to the huge sell-off in the secondary market, the

Continue Reading
Economic Development
3 min read
50

Asian Development Bank lauds India’s fossil fuel subsidy reforms

November 2, 2024
0

India has since 2010 made noteworthy progress on fossil fuel subsidy reform through a calibrated ‘remove’, ‘target’, and ‘shift’ approach, the Asian Development Bank (ADB) said in a new report. “By carefully balancing the combined effect of three key policy levers – retail prices, tax rates, and subsidies on selected

Continue Reading
Economic Development
3 min read
17

India’s 7%+ FY25 growth target relies on robust government investment, inflation control: EY report

November 2, 2024
0

Optimistic GDP growth projections for FY25 depend on strong government investment and effective inflation control for India to reach over 7 per cent growth, according to Ernst & Young (EY) report. Recent reports indicate a mixed outlook, with the Reserve Bank of India (RBI) maintaining a cautious stance on monetary

Continue Reading
Economic Development
3 min read
46

India needs 10 million new jobs annually to sustain 6.5% GVA growth through FY30: Goldman Sachs report

November 2, 2024
0

India will require approximately 10 million new jobs each year from FY25 to FY30 to maintain an average GVA (Gross Value Added) growth of 6.5 per cent annually, according to a Goldman Sachs report. Incentivising affordable housing developments could stimulate the real estate sector, which employs over 80 per cent

Continue Reading
Economic Development
3 min read
9

Economists see food inflation and geopolitical conflicts as possible headwinds, ETCFO

November 2, 2024
0

NEW DELHI: The festive season has brought some cheer to the economy with several data releases on Friday suggesting improved consumer sentiment, but economists cautioned that growth faces headwinds on various fronts. Goods and services tax (GST) collections recovered from record lows in September to post a healthy 8.9% rise

Continue Reading