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India Eyes Global Role in Growing Semiconductor, Electronics Sector: MoS Chandrasekhar

India Eyes Global Role in Growing Semiconductor, Electronics Sector: MoS Chandrasekhar

Wed, Jan 24, 2024

Minister Rajeev Chandrasekhar emphasised the Indian government's commitment to nurturing a high-skilled tech workforce. This talent, he said, will not only drive India's own growth but also contribute significantly to the global tech landscape, particularly in the field of semiconductors and electronics. He highlighted the ongoing investments and infrastructure development aimed at building a competitive Indian semiconductor ecosystem.

India could be $5 trillion economy by 2025, says Union Petroleum Minister Hardeep Puri

India could be $5 trillion economy by 2025, says Union Petroleum Minister Hardeep Puri

Tue, Jan 23, 2024

The Indian economy is expected to grow 7.3 per cent in the current financial year 2023-24, remaining the fastest-growing major economy, the National Statistics Office said on January 5.

Nifty Hits Record High: Analyzing the Journey from 21000 to 22000 in 2024!

Nifty Hits Record High: Analyzing the Journey from 21000 to 22000 in 2024!

Mon, Jan 15, 2024

Nifty has crossed 22000 for the first time, How was the journey from 21000 to 22000? What are the targets of brokerages on NIFTY for 2024?

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NITI Aayog Vice-Chairman Arvind Panagariya quits

NITI Aayog Vice-Chairman Arvind Panagariya quits

Tue, Aug 01, 2017

In a major jolt to goverment's nearly three-year old think tank NITI Aayog, its vice-chairman Padma Bhushan Arvind Panagariya on Tuesday resigned from his post.

Output slides in July as GST comes in force; fastest drop since global financial crisis

Output slides in July as GST comes in force; fastest drop since global financial crisis

Tue, Aug 01, 2017

At 47.9 in July, down from 50.9 in June, the Nikkei India Manufacturing Purchasing Managers’ Index® (PMI® ) was at its lowest mark since February 2009 and highlighted the first deterioration in business conditions in 2017 so far, IHS Markit said in a statement on Tuesday.

April-June fiscal deficit hits 81% of full-year target

April-June fiscal deficit hits 81% of full-year target

Mon, Jul 31, 2017

India`s fiscal deficit touched 4.42 trillion rupees ($68.88 billion) during April-June period or 80.8% of the budgeted target for the current fiscal year that ends in March, government data showed on Monday.

India's GDP to reach nearly 8% in four years: Moody's poll

India's GDP to reach nearly 8% in four years: Moody's poll

Mon, Jul 31, 2017

"Given economic and institutional reforms in India, and further changes that could follow, India will likely grow faster than similarly rated peers over the next 12-18 months, despite a short-term drag caused by demonetisation," said Marie Diron, a Moody's Associate Managing Director.

FPIs remain bullish on Indian markets, pour $4 billion in July

FPIs remain bullish on Indian markets, pour $4 billion in July

Sun, Jul 30, 2017

The latest inflow follows net infusion of Rs 1.6 lakh crore in the previous five months (February-June). In January, they had pulled out Rs 3,496 crore.

Government seeks parliament approval for $1.7 billion extra spending

Government seeks parliament approval for $1.7 billion extra spending

Wed, Jul 26, 2017

The Indian government on Wednesday sought parliament`s approval to spend an extra 106.5 billion rupees ($1.65 billion) in new spending in the fiscal year to March 2018, on top of an earlier approved spending of $333.3 billion in the annual budget.

Job creation India's biggest challenge: Singapore deputy PM

Job creation India's biggest challenge: Singapore deputy PM

Sat, Jul 22, 2017

"India's biggest challenge is jobs. It is a real challenge going forward because India has lost a lot of time, it has lost a lot of time because you have legislation, employment legislation which is anti-employment," he said at the Delhi Economics Conclave here.

India considering to change financial year to Jan-Dec: Jaitley

India considering to change financial year to Jan-Dec: Jaitley

Fri, Jul 21, 2017

Finance Minister Arun Jaitley on Friday told lawmakers that the government is considering to change the country`s financial year to January-December from April-March.

Indian banks face $37 billion hit from top 50 stressed assets: CRISIL

Indian banks face $37 billion hit from top 50 stressed assets: CRISIL

Wed, Jul 19, 2017

Indian banks may have to write off 60 percent of the value of bad loans from their 50 large stressed asset accounts, or a hit of 2.4 trillion rupees ($37.31 billion), ratings agency CRISIL said on Wednesday.

India's economy set to reclaim top spot for growth this year: Poll

India's economy set to reclaim top spot for growth this year: Poll

Wed, Jul 19, 2017

India will reclaim its position as the fastest growing major global economy this year, partly propelled by benefits from a new tax system and bolstered by an expected central bank interest rate cut, a Reuters poll showed.

Trade deficit narrows to $13 billion in June

Trade deficit narrows to $13 billion in June

Fri, Jul 14, 2017

India`s trade deficit narrowed more-than-expected to $12.96 billion in June as gold imports nearly halved from a month earlier, government data showed on Friday.

Seven out of top 10 cars sold in June were Maruti Suzukis; see list

Seven out of top 10 cars sold in June were Maruti Suzukis; see list

Wed, Jul 12, 2017

Maruti Suzuki is the market leader when it comes to car sales in India and June was no different. Data provided by Society of Indian Automobile Manufacturers (SIAM) show that seven out of the top 10 cars that were sold in India in the month of June 2017 belonged to Maruti Suzuki.

IIP and CPI data: What to expect?

IIP and CPI data: What to expect?

Wed, Jul 12, 2017

Ministry of Statistics & Programme Implementation (MoSPI) is set to announce India's monthly macro-economic data on July 12, 2017. The Ministry will be releasing retail inflation or Consumer Price Index (CPI) and factory output or Index of Industrial Production (IIP) data.

India inflation to cool in June to record-low, could prompt rate cut: Reuters poll

India inflation to cool in June to record-low, could prompt rate cut: Reuters poll

Tue, Jul 11, 2017

India's consumer inflation is expected to have slowed to a record-low in June, pressured by a sharp drop in food and oil prices, a Reuters poll showed, a result that could intensify calls for an interest rate cut.

Govt says GST on sanitary pads actually lower than pre-GST era

Govt says GST on sanitary pads actually lower than pre-GST era

Mon, Jul 10, 2017

The government said, "Sanitary napkins are classifiable under heading 9619. In pre-GST, they attractedconcessional excise duty of 6% and 5% VAT and, the pre-GST estimated total tax incidence on sanitary napkins was 13.68%. Therefore, 12% GST rate had been provided for sanitary napkin."

India stares at losing Rs 1700 crore worth of EU basmati exports to Pakistan

India stares at losing Rs 1700 crore worth of EU basmati exports to Pakistan

Wed, Jul 05, 2017

Ahead of the visit of an Indian delegation to the EU to resolve the basmati rice issue, grain exporters body AIREA today said tough norms by the European Commission will hit the exports badly as the trade worth over Rs 1,700 crore could shift to Pakistan.

Tata Motors slashes passenger vehicles prices by up to Rs 2.17 lakh!

Tata Motors slashes passenger vehicles prices by up to Rs 2.17 lakh!

Wed, Jul 05, 2017

Tata Motors on Wednesday announced that it has slashed the prices of its passenger vehicles up to 12 per cent, following the roll-out of the Goods and Services Tax (GST).

Nikkei's Services PMI show that India's GDP is going to bounce back in Q1

Nikkei's Services PMI show that India's GDP is going to bounce back in Q1

Wed, Jul 05, 2017

Key Highlights Growth of new business and activity fastest in current five-month sequences of expansion Rate of increase in headcounts matches May's 47-month high

Reflect price revision post GST via stickers till September 30: Govt

Reflect price revision post GST via stickers till September 30: Govt

Wed, Jul 05, 2017

The difference between the retail sale price originally printed on the package and the revised price "shall not, in any case, be higher than the extent of increase in tax" or in the case of imposition of fresh tax on account of the implementation of the GST, it said

In Pictures: PM Narendra Modi meets Israel's Benjamin Netanyahu

In Pictures: PM Narendra Modi meets Israel's Benjamin Netanyahu

Wed, Jul 05, 2017

As part of an elaborate official welcome ceremony, Prime Minister of Israel Mr. Benjamin Netanyahu, received Prime Minister Modi on arrival. Prime Minister Modi inspected a ceremonial Guard of Honour, a government statement read.

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