How macroeconomic indicators performed in December 2024?, ETCFO
State of the Indian Economy: December 2024 By Samriddhi Singh Mahar & Siddhi NawarThe International Monetary Fund (IMF) projects India to become the fourth-largest global economy by 2025, surpassing Japan with a nominal GDP of USD 4,340 billion. The end of the year has been eventful for the Indian economy,
₹67 cr budgetary allocation likely to tackle issues related to diseases in areca plants
The Central government is likely to earmark ₹67 crore in the coming budget to implement the recommendations of the committee that studied issues arising from diseases in arecanut plantations. The Centre has asked the Karnataka government to earmark its share to tackle this issue. Addressing an arecanut growers’ meeting in
CCI slaps ₹40 lakh fine on Goldman Sachs for failure to notify investment in Biocon Biologics
The Competition Commission of India (CCI) has imposed a ₹40 lakh penalty on Goldman Sachs (India) Alternative Investment Management Private Limited (GS AIMPL) for failing to notify its investment in Biocon Biologics Limited (Biocon) under the Competition Act, 2002. The regulator found that Goldman Sachs’ acquisition of optionally convertible debentures
India’s economic growth poised to rebound as demand picks up: RBI bulletin, ETCFO
Mumbai, Jan 18 (IANS) India’s economic growth is poised to rebound as domestic demand regains strength reflecting a resilience in consumption, supported by brighter agricultural prospects,” according to the RBI’s monthly bulletin for January. Mumbai, India’s economic growth is poised to rebound as domestic demand regains strength reflecting a resilience
Government may introduce new income tax bill in Budget session
The government, in the ensuing Budget session of Parliament, is likely to introduce a new income tax bill which seeks to simplify the current I-T law, make it comprehensible and reduce the number of pages by about 60 per cent. Finance Minister Nirmala Sitharaman in her July Budget had announced
The double-edged sword: Accelerating agri-lending amidst slowing agri GVA
The Economic Survey for 2023-24 revealed a concerning reality: India’s agricultural sector, which contributes 17.7 per cent to the Gross Value Added (GVA), has been stagnating due to erratic weather patterns and uneven monsoon distribution. This highlights a troubling fact—agriculture is lagging behind in growth compared to the manufacturing and
India targets ₹1 lakh crore export earnings from fish, fishery products
India has set an ambitious target of achieving ₹1 lakh crore earnings through the export of fish and fishery products, according to George Kurian, Union Minister for Fisheries, Animal Husbandry and Dairying. Last year, the country achieved an impressive total income of ₹63,000 crore through the export of fish and
Milky Mist takes a step towards ₹2,000 crore IPO, picks investment bankers
2025 is set to be a milestone year for Erode-based food products major Milky Mist. The company has started its process to go public by picking investment bankers for the issue. JM Financial and IIFL Capital Services are among the bankers running the process, as per sources. The company, which
Gem, jewellery exports dip on weak demand
Gem and jewellery export dipped 10 per cent last month to $1.97 billion against $2.19 billion on back of geopolitical tension and global economic slowdown. In rupee terms, it plunged to ₹16,719 crore (₹18,270 crore), as per the Gems and Jewellery Export Promotion Council data. With the looming economic uncertainty,
Number of EVs in India could increase eight-fold by end of 2030: Modi
Prime Minister Narendra Modi on Friday said that the number of electric vehicles (EVs) in India could increase eight-fold by the end of this decade, showcasing the immense potential in this segment. He, therefore, urged the industry to invest more in this sector. Speaking at the inaugural session of the