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Indian renal denervation catheter market to grow at 11% CAGR: Report

Indian renal denervation catheter market to grow at 11% CAGR: Report

Thu, Jan 18, 2024

The renal denervation catheters market in India is expected to grow at a compound annual growth rate of around 11 per cent between 2024 and 2033, according to a report.

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

Thu, Jan 18, 2024

Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.

Global warming-induced cyclones rattle coastal economy; Amphan cost: $14 billion

Global warming-induced cyclones rattle coastal economy; Amphan cost: $14 billion

Sun, Jan 14, 2024

The widespread damage to infrastructure also leads to a decline in exports that adversely impacts GDP growth.

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US concessions to India because of Modi-Trump chemistry

US concessions to India because of Modi-Trump chemistry

Wed, Feb 19, 2020

President Donald Trump said that India`s treatment towards US has not been flattering but still he is willing to compromise because of his fondness for Prime Minister Narendra Modi.

Over Rs 1 lakh cr investment in oil, gas projects lined up in AP: Dharmendra Pradhan

Over Rs 1 lakh cr investment in oil, gas projects lined up in AP: Dharmendra Pradhan

Wed, Feb 12, 2020

Over Rs 1 lakh crore investment in oil,gas fields and new refinery modernisation project lined up in Andhra Pradesh.

Centre to release another Rs 35,000 cr compensation to states soon

Centre to release another Rs 35,000 cr compensation to states soon

Mon, Feb 10, 2020

The Centre will soon release another Rs 35,000 crore to states to compensate for the revenue loss on account of GST rollout, an official said. Under the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not increase 14 per cent on the base year of 2015-16

12% tax revenue growth achievable in 2020-21 fiscal: Revenue Secy

12% tax revenue growth achievable in 2020-21 fiscal: Revenue Secy

Mon, Feb 10, 2020

A 12 per cent growth in tax collections next fiscal may look ambitious to some but for Revenue Secretary Ajay Bhushan Pandey it is achievable in an economy that is projected to clock a 10 per cent nominal GDP growth

Economic Activity in Rural area was Good in Q3: Umesh Revankar, Shriram Transport Finance

Economic Activity in Rural area was Good in Q3: Umesh Revankar, Shriram Transport Finance

Fri, Feb 07, 2020

Umesh Revankar, MD & CEO at Shriram Transport Finance: Demand was quite good in this quarter (Q3) and this growth was backed by delayed the agri-output due to excess rain and Diwali festive. Overall, the economic activity in the rural side was good and this led to an improvement on the recovery side

PM Narendra Modi says fundamentals of Indian economy strong

PM Narendra Modi says fundamentals of Indian economy strong

Thu, Feb 06, 2020

Also, tax compliance is being simplified to make it easier to do business in the country. On Goods and Services Tax (GST), which from July 2017 amalgamated 17 different central and state taxes, he said frequent changes were a reflection of federal structure of the country and showed the government was willing to improve the law.

Let's work together to make India $5 trillion economy: PM Narendra Modi

Let's work together to make India $5 trillion economy: PM Narendra Modi

Thu, Feb 06, 2020

Talking about the investment climate in the country, he said several measures have been taken to increase the trust of investors in the economy. The prime minister said that foreign direct investment during April-September 2019 increased to USD 26 billion from USD 22 billion in the same period previous year, adding that this reflects confidence of foreign investors in India.

RBI MPC: Reserve Bank estimates GDP to expand at 6 pct in FY21

RBI MPC: Reserve Bank estimates GDP to expand at 6 pct in FY21

Thu, Feb 06, 2020

The Reserve Bank of India on Thursday projected the economy to expand by 6 per cent during the next financial year, pegging it at the lower end of the GDP growth estimate of the Economic Survey. The survey, tabled in Parliament last month, estimated the GDP growth during FY21 at 6-6.5 per cent.

There was nothing bad in Budget 2020: Vijay Kedia

There was nothing bad in Budget 2020: Vijay Kedia

Thu, Feb 06, 2020

What is good for the country and the economy will be good for the entire share bazaar. I do not look at the budget only with the perspective of the stock market but how beneficial it is for the overall development and the economy, which is the utmost important thing in life, Vijay Kedia, MD, Kedia Securities said

RBI Monetary Policy: Five key announcements you should know

RBI Monetary Policy: Five key announcements you should know

Thu, Feb 06, 2020

The RBI keeps the repo rate and reverse repo rate unchanged at 5.15% and 4.90% respectively.

Income tax: Unorganised sector ought to be in tax net, says CBDT chief

Income tax: Unorganised sector ought to be in tax net, says CBDT chief

Wed, Feb 05, 2020

Income Tax: Central Board of Direct Taxes (CBDT) Chairperson P.C. Mody on Tuesday said that the unorganised sector is ought to be under the tax framework. At a conference organised by FICCI here, the CBDT chief said that having a broader tax base would result in lower tax rates across the board

MF Alert: 10% TDS only on dividend paid by mutual funds, says Tax dept

MF Alert: 10% TDS only on dividend paid by mutual funds, says Tax dept

Wed, Feb 05, 2020

MF Alert: Budget proposal of 10 per cent TDS will be applicable only on dividend payment by mutual funds and not on gain arising out of redemption of units, the tax department clarified on Tuesday

RBI Monetary Policy on February 6: The last one of this financial year - Will it bring cheers?

RBI Monetary Policy on February 6: The last one of this financial year - Will it bring cheers?

Tue, Feb 04, 2020

The Reserve Bank of India (RBI) is all set to unveil its last monetary policy for the current financial year on Thursday.

We are telling you where money is going to be spent so that you can plan your investments: FM Nirmala Sitharaman

We are telling you where money is going to be spent so that you can plan your investments: FM Nirmala Sitharaman

Tue, Feb 04, 2020

Finance Minister Nirmala Sitharaman on Monday said the money raised through disinvestment will be used to develop infrastructure, which will have multiplier effect on the economy and not bridging revenue deficit

Shifting to optional new income tax slabs will benefit taxpayers: Official

Shifting to optional new income tax slabs will benefit taxpayers: Official

Tue, Feb 04, 2020

Taxpayers willing to migrate to the new personal income tax regime announced in the Union Budget for 2020-21 will get more benefits than the older system, a senior official said on Monday. Multiple layers of deductions and exemptions add to the complexity of the Income Tax Act, Principal Chief Commissioner of Income Tax (West Bengal and Sikkim) B Jha said

RBI to come out with last monetary policy for FY20 on Thursday

RBI to come out with last monetary policy for FY20 on Thursday

Mon, Feb 03, 2020

The government has estimated India's gross domestic product (GDP) to be growing at a slower pace of 5 per cent in the current financial year on the back of various factors, domestic and global, including weakening consumption demand in the country.

Focus on labour-intensive sectors can help in creating 4 crore jobs by 2025: CEA Krishnamurthy Subramanian

Focus on labour-intensive sectors can help in creating 4 crore jobs by 2025: CEA Krishnamurthy Subramanian

Mon, Feb 03, 2020

"Besides, we have seen certain signs - in the last few months - related to good news like IIP among others. These are certain things that suggest that the trend will change. Therefore, we have projected the growth between 6% and 6.50% not some unrealistic 7.50% or more," Krishnamurthy Subramanian, Chief Economic Advisor of India said in an interview with Zee Business

Small savings scheme interest rate: Big news! See what official said

Small savings scheme interest rate: Big news! See what official said

Mon, Feb 03, 2020

Small savings scheme interest rate: Department of Economic Affairs Secretary Atanu Chakraborty has hinted at revision in small savings rate next quarter, in line with market rate, a development that could lead to speedier transmission of monetary policy rate. During the current quarter, the gover

New income tax slabs: Is your pay over Rs 13 lakh a year? You will save more money

New income tax slabs: Is your pay over Rs 13 lakh a year? You will save more money

Mon, Feb 03, 2020

Taxpayers having an annual salary pay of over Rs 13 lakh and availing deductions of up to Rs 2 lakh will save on their tax outgo if they opt for the new tax regime proposed in the Budget, government sources said on Sunday

Country is moving towards simple & easy to comply taxation system: Nirmala Sitharaman

Country is moving towards simple & easy to comply taxation system: Nirmala Sitharaman

Sun, Feb 02, 2020

This budget gives a good larger picture, which talks about larger sectors like rural development and agriculture. Now, I am not giving a budget, sector-wise. If the economy, its consumption, investment are all driven through the government investment, government's direct benefit transfer (DBT), reduction in income tax, cut in corporate tax, then I expect that the impact to be in every sector of the society

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