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NEW DELHI: India is drawing up near, medium and long-term goals in line with its target to become a developed economy by 2047, with a focus on electric mobility, digitization of payments infrastructure and high-speed expressways, officials said. All central ministries will soon firm up plans indicating five-year budgetary...
MUMBAI: Upgrades continued to exceed downgrades during the October-March rating reviews of Indian companies despite a rise in borrowing costs and supply constraints caused by the war in West Asia and the Red Sea crisis. Domestic consumption, demand across several sectors, government spending on public infrastructure, and healthy balance...
MUMBAI: With several new sectors coming up and creating newer opportunities for the country’s youth, the Reserve Bank of India (RBI) must explore out-of-the-box policies to ensure credit availability for these emerging fields, Prime Minister Narendra Modi said on Monday. He was speaking at a ceremony to mark the...
NEW DELHI: The value of new investment projects announced fell a sharp 29% on year to Rs 11.3 trillion in the March quarter, extending a declining trend of the previous two quarters, casting serious doubts about the government’s claim that, “with an uptick in private investments and inflation trending...
NEW DELHI: With a growing ageing population across most developed nations, India is poised to play an important role in filling the demand-supply gap of skilled workers globally, a senior executive of TeamLease Degree Apprenticeship said. Historically, Indian workers have migrated worldwide, but over the past decade, India has...
NEW DELHI: The government has garnered Rs 16,507 crore by selling minority stake in state-owned companies in 2023-24 fiscal, lower than what was projected in its revised estimates. During the 2023-24 fiscal, which ended March 31, the government sold stakes in 10 central public sector enterprises (CPSEs) through offer...
NEW DELHI: Indian companies garnered Rs 9.41 lakh crore through the issuance of bonds on a private placement basis in 2023-24, a surge of 10 per cent from the preceding fiscal amid surge in credit demand. The 2024-25 fiscal is expected to be very robust as companies will continue...
NEW DELHI: The finance ministry on Monday said there is no change in the new income tax regime for individuals for the current fiscal year and individual taxpayers can opt out of the regime at the time of filing their ITR. Clarifying on social media posts claiming certain changes...
NEW DELHI: GST collections in March grew 11.5 per cent to Rs 1.78 lakh crore, buoyed by domestic transactions, the finance ministry said on Monday. The gross GST collection for the last fiscal (April 2023-March 2024) stood at Rs 20.14 lakh crore, 11.7 per cent higher than the mop-up...
MUMBAI: Benchmark equity indices declined in early trade on Tuesday, halting their three days of rally, on profit-taking amid weak trends from the US markets and foreign fund outflows. The 30-share BSE Sensex declined 222.02 points to 73,792.53. The NSE Nifty dipped 47.65 points to 22,414.35. Later, the benchmark...