Festivals, agriculture, elections set to boost India’s oil demand: S&P Global Commodity Insights
Demand for oil products in India through the October-December quarter is expected to get a boost from festivals, agricultural activities, recovering from a few months of subdued consumption because of excessive rains, according to S&P Global Commodity Insights. According to the commodities information services provider, India’s oil demand decreased in
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)
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
RBI move to slow down gold loan growth, lead to uptick in delinquencies: Crisil, ETCFO
Mumbai: The Reserve Bank’s recent notification asking financiers to review their gold loan practices can slow down loan growth in the near-term and lead to an uptick in asset quality stress, a domestic rating agency said on Tuesday. “Potentially, this could impact gold loan disbursements during the transition phase and
Malaysia, Indonesia export sops for refined edible oils a worry, says IVPA chief
After the hike in edible oil import duties, the industry fears that refined oils may reach India via Nepal and Bangladesh where the Free Trade Agreement (FTA) is in force. Getting the edible oils processed there and selling it in India can still be cheaper. Besides, the Government has to
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