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
Time to roll up your sleeves, CFO News, ETCFO
The government’s announcement to conduct the Census in 2025 has been widely welcomed. This reaffirms the critical role the Census plays in shaping policy since its inception in 1872. Beyond its legacy of recording demographic shifts, economic conditions, and socio-political trends, Census 2025 will be significant for three pivotal initiatives:
IAF to outsource some MRO facilities to industry for the first time
For the first time, the Indian Air Force (IAF) is moving ahead with a plan to outsource some of its maintenance and overhaul facilities to the indigenous industry. This would include incubating private players to impart the know-how on managing back shops and offering aircraft body paint shop infrastructure at
Storage in India’s key reservoirs unchanged for 4th week in a row
The storage in India’s 155 major reservoirs remained unchanged for the fourth week in a row at 87 per cent of the capacity with 90 of them filled over 90 per cent. Data from the Central Water Commission (CWC) showed that the storage in major reservoirs this week was 156.863
GST collection rises 9% in October, second successive month of single digit growth
Domestic transactions helped collection through Goods & Services Tax (GST) to increase about 9 per cent to reach ₹1.87 lakh crore in October, data released by the Finance Ministry on Friday showed. Collection in data is related to consumption in September which had just 16 auspicious days to make fresh
Diwali, rising disposable income lifts jet fuel consumption in October to second highest on record
The country’s consumption of aviation turbine fuel (ATF) rose to its second highest level on record during October 2024 aided by rising domestic and international traffic as well as airlines adding more aircraft and destinations. Diwali falling on the last day of the month also boosted footfalls. According to the
Air India commences A350 services on Delhi-JFK route
Tata Group-promoted Air India introduced its flagship A350-900 aircraft on daily, non-stop flights between Delhi and New York’s John F. Kennedy International Airport (JFK), the airline said on Friday. The new A350-operated route indicated that the airline will introduce a ‘5x weekly’ service from Delhi to Newark’s Liberty International Airport
Big boost to rice procurement in second fortnight of October, Central purchase reaches 84 lakh tonnes
A big jump in procurement in Punjab and Haryana during second half of October in 2024-25 season (October-September) has helped the government narrow the difference with the rice purchased year-ago. The official rice procurement reached 84.24 lakh tonnes (lt) so far, down by 20 per cent from 105.51 lt until
India’s domestic natural gas demand to double by 2040: Rystad Energy
India’s natural gas consumption is expected to double in the next 15 years to hit 113.7 billion cubic meters (bcm) aided by a rising population and the government’s push to accelerate economic development. Fuelled by population growth, economic development and a shift towards cleaner energy, India’s gas consumption is expected
No sparkles in October passenger vehicle wholesales for Maruti, Tata
The overall passenger vehicle wholesales (dispatches to dealers) saw a mixed trend in October with Maruti Suzuki India (MSIL), Tata Motors and Honda Cars India seeing a dip in sales while Mahindra & Mahindra (M&M) and JSW MG Motor India posting the highest-ever sales led by new launches during the