Punjab & Sind Bank launches e-bank guarantee facility
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
After Diwali and festivities, traders’ focus shifts to wedding season
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
Can solar energy transform farms for sustainable agriculture and environmental conservation?
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
ADB lauds India’s fossil fuel subsidy reforms, CFO News, ETCFO
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
India’s 7%+ FY25 growth target relies on robust investment, inflation control: EY report, ETCFO
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
FPIs record unprecedented Rs 1.13 lakh crore sell-off in October, remain buyers in cash market, ETCFO
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
Asian Development Bank lauds India’s fossil fuel subsidy reforms
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
India’s 7%+ FY25 growth target relies on robust government investment, inflation control: EY report
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
India needs 10 million new jobs annually to sustain 6.5% GVA growth through FY30: Goldman Sachs report
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
Economists see food inflation and geopolitical conflicts as possible headwinds, ETCFO
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