Business
Policymaking Is Nothing If Not About Trade-Offs: CEA V Anantha Nageswaran
BENGALURU: Policymaking is nothing if not about trade-offs, Chief Economic Advisor (CEA) V Anantha Nageswaran said as he underlined the importance of a stronger collaboration between academia and policymakers. Speaking at the launch of Isaac Centre for Public Policy (ICPP) at Ashoka University in Bengaluru on Saturday, he emphasised...
Index Of Labour Demand, Supply In Book Of Job Soon
NEW DELHI: India is planning to develop an index that will map the demand and supply gap of workers in recognised occupations in every state. The Ministry of Labour and Employment is developing the Occupational Shortage Index (OSI) in consultation with the International Labour Organization (ILO), a government official...
Government To Start FY26 Budget Making Exercise From Next Month
NEW DELHI: The finance ministry will commence the exercise to prepare the annual budget for 2025-26 from the second week of next month in the backdrop of the Indian economy recording 7 per cent growth rate for the fourth consecutive year. The budget for the next financial year would...
India, EU To Have New Round Of FTA Talks
NEW DELHI: Senior officials of India and the 27-nation European Union (EU) will commence the next round of talks for a proposed free trade agreement from Monday here, an official said. The agreement is aimed at further boosting bilateral trade and investments between the two regions. The two sides...
Vodafone Idea Commits Rs 30,000 Crore To Nokia, Ericsson, Samsung For Network Upgrade
NEW DELHI: Debt-ridden Vodafone Idea on Sunday said it has awarded contracts worth about Rs 30,000 crore to Nokia, Ericsson and Samsung for supply of 4G and 5G network equipment for three years. It is the largest deal awarded by any Indian telecom operator during this year. The deal...
GCCI Seeks Review Of SC’s Mineral Taxation Ruling
NEW DELHI: The Goa Chamber of Commerce and Industries (GCCI) has demanded an urgent review of the mineral taxation ruling by the Supreme Court, stating that the increased cost of mining will inevitably lead to higher prices for essential commodities, including steel, power and cement. The Supreme Court last...
Users Threaten To Quit UPI Over Fees: Report
NEW DELHI: Around 75 per cent UPI users will stop using it if any transaction charge is levied on the service, a survey by Localcircles said on Sunday. The survey found that 38 per cent of users make over 50 per cent of their payment transactions via UPI instead...
Gap In Credit, Deposit Growth Shrinking But Challenges Remain: RBI
MUMBAI: The gap between credit and deposit growth in banks, which has been a major concern for the Reserve Bank of India (RBI) over the past two years, is finally narrowing, according to the latest State of the Economy report released by the central bank on Friday. As on...
Food Price Volatility Remains A Contingent Risk: RBI Bulletin
MUMBAI: Household consumption is poised to grow faster in the second quarter of the current financial year as headline inflation eases, but food price volatility remains a contingent risk, according to the August Bulletin of the Reserve Bank of India. Amid global slowdown, domestic drivers in India — private...
India, ASEAN Review Trade Pact At Laos Meet
Top leaders of India and Association of SouthEast Asian Nations (ASEAN) on Friday took stock of the progress in the ongoing review of their nearly one-and-half-decades old goods trade agreement at Vientiane in Laos. “The meeting (India-Asean Economic Ministers Meeting) noted the progress in the Asean-India Trade in Goods...
India’s Home And Household Market To Reach $237 Billion By 2030: Report
The home and household sector is expected to reach around $237 billion by 2030, growing at a CAGR of over 10 per cent, stated Deloitte India’s Powering Consumption Growth: India’s Home and Household market report. The growth, it added, will be fuelled by increasing disposable incomes, shifting consumer preferences...
Loss-Making MNCs Liable To Pay Tax On India Setup
MUMBAI: Multinational companies (MNCs) using various outfits in India or engaging people to promote, operate and grow their businesses from the Indian market will have to pay tax attributable to such setups even if these MNCs report losses in their global balance-sheets. This was laid down by a three-judge...
Consumers Feel It’s Normal To Exaggerate Income On Loan Applications: Survey
MUMBAI: Three out of five consumers surveyed in India believe it is normal for people to exaggerate income on loan applications, according to a report on people’s attitudes toward first-party financial fraud. The survey by global analytics software company FICO stated that more than a quarter (27 per cent)...
600 Million Illness Cases Of Foodborne Diseases Annually Says WHO Chief
NEW DELHI: WHO Director-General Tedros Adhanom Ghebreyesus on Friday highlighted the critical role of food regulators in combating unsafe food, which causes 600 million cases of foodborne diseases and 4,20,000 deaths annually. In a video message to the second Global Food Regulators Summit in Delhi, Ghebreyesus said, “Our food...
NFRA’s Plan To Revise Auditing; Need Time For Consultations: ICAI
NEW DELHI: Chartered accountants’ apex body ICAI on Friday asked regulator NFRA to pause the proposed changes in the auditing standard SA 600 pertaining to group audits, saying the move came as a surprise and sought more time for comprehensive review and discussions with all stakeholders. ICAI and NFRA...
Tata Motors, ESAF Tie Up For Small Finance Bank
NEW DELHI: Tata Motors on Friday said it has tied up with ESAF Small Finance Bank to offer financing solutions to its commercial vehicle customers. The entities have inked a memorandum of understanding focused on small commercial vehicles and light commercial vehicles initially, the Mumbai-based auto major said in...
Sensex Crosses Historic 84,000 Mark
MUMBAI: Benchmark Sensex closed above the historic 84,000-mark for first time while Nifty settled at a new record high on Friday, powered by a rally in frontline bank stocks along with upbeat trends in the US and Asian markets. The 30-share BSE Sensex jumped 1,359.51 points or 1.63 per...
Cabinet Okays ‘One Nation, One Poll’ And Host Of Proposals In Farm To Space
NEW DELHI: Soon after completing 100 days in office, the National Democratic Alliance (NDA) government has taken a series of decisions that would have political and economic implications for the country. The Union Cabinet on Wednesday cleared proposals in areas ranging from agriculture to moon and venus with a...
