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
Government moots ₹2,000 crore funding for Pawan Hans to revive operations, enhance capacity
After trying to divest its stake in Pawan Hans, the Government is now mulling over a plan to revive the chopper operator with a likely fund infusion of ₹2,000 crore, sources told businessline. The national helicopter company was taken out of the divestment process in 2023 after the successful bidder
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
IMF sees India driving growth in Asia-Pacific region, CFO News, ETCFO
New Delhi, India remains the world’s fastest-growing economy with investment and private consumption driving growth, according to the IMF’s latest Regional Economic Outlook for Asia-Pacific. The IMF, in its World Economic Outlook report released on October 2, had retained India’s gross domestic product (GDP) growth forecasts at a robust 7
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
Manufacturing method of lab grown diamonds should be declared before export and import: CBIC
Central Board of Indirect Taxes & Customs (CBIC) has made it mandatory from December 1 to declare the method used for producing synthetic or reconstructed diamonds at the time of export or import. This will help in quick processing and inspection of consignment which in turn will facilitate the trade.
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