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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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Co-operative banks given 30 days time to deposit demonetised notes

Co-operative banks given 30 days time to deposit demonetised notes

Wed, Jun 21, 2017

Ministry of Finance has asked the district central co-operative banks to deposit old Rs 500 and Rs 1000 notes with RBI in a time period of 30 days.

Won't blink on GST launch, no excuse for biz not being ready, says Jaitley

Won't blink on GST launch, no excuse for biz not being ready, says Jaitley

Tue, Jun 20, 2017

GST, which was originally planned to be implemented from April 1 but was deferred by three months, will be launched at a grand function in the historic Central Hall of Parliament on the midnight of June 30.

How to help ease farmers' distress without a loan waiver?

How to help ease farmers' distress without a loan waiver?

Tue, Jun 20, 2017

Analysts expect that key problems of agriculture sector is low productivity, "leakages” in the value chain, and inefficiencies in factors of production. Reforms in those areas are much needed than a farm loan waiver.

Cash loving Indians go back to pre-demonetisation level of ATM withdrawals

Cash loving Indians go back to pre-demonetisation level of ATM withdrawals

Tue, Jun 20, 2017

Digital transaction push after the NDA government braved the decision to demonetise higher currency notes did not boost non-cash transactions. Motilal Oswal analysts provide analysis to support the numbers.

As Lanco Infratech walks towards NPA resolution; other defaulters' shares gain

As Lanco Infratech walks towards NPA resolution; other defaulters' shares gain

Tue, Jun 20, 2017

Lanco Infratech becomes the first company to be pushed towards insolvency for its bad loans.

Municipalities in India are changing the way they fund their operations

Municipalities in India are changing the way they fund their operations

Tue, Jun 20, 2017

Municipal Bonds are not new to the country. However, the growth in issuance of Municipal Bonds has been sub-optimal.

After months of drifting apart, India's wholesale and retail inflation are finally converging

After months of drifting apart, India's wholesale and retail inflation are finally converging

Mon, Jun 19, 2017

Both WPI and CPI have reached to a series low in the month of May 2017 and are now just 1 basis point difference between each other.

Govt ropes in Amitabh Bachchan to promote GST

Govt ropes in Amitabh Bachchan to promote GST

Mon, Jun 19, 2017

The Central Board of Excise and Customs will be making the 74-year-old Bachchan brand ambassador for GST. A 40-second video featuring him has already been shot and is being circulated.

Department of Telecom asks Centre to cut its revenue target from the sector

Department of Telecom asks Centre to cut its revenue target from the sector

Mon, Jun 19, 2017

Department of Telecom has asked for a revise in non-tax revenue targets for the current fiscal.

RBI's NPA resolution move is credit positive, Moody's says

RBI's NPA resolution move is credit positive, Moody's says

Mon, Jun 19, 2017

The Reserve Bank of India's (RBI) move last week to resolve 12 borrowers responsible for a quarter of total non-performing assets (NPAs) of Indian banks is credit positive, ratings agency Moody's Investors Services said on Monday.

Black money: Switzerland ratifies auto info sharing with India

Black money: Switzerland ratifies auto info sharing with India

Fri, Jun 16, 2017

Adopting the dispatch on introduction of the AEOI, a global convention for automatic information exchange on tax matters, the Swiss Federal Council said the implementation is planned for 2018 and the first set of data should be exchanged in 2019.

US Fed indicates more rate hikes this year; what this means for Indian rupee

US Fed indicates more rate hikes this year; what this means for Indian rupee

Fri, Jun 16, 2017

US Federal Reserve has hiked its domestic rate for the third time in December posing threat to inflows from FPIs in India and thus opening case for depreciation bias in Indian rupee against dollar.

India's trade deficit widens to $ 13841.72 million in May

India's trade deficit widens to $ 13841.72 million in May

Thu, Jun 15, 2017

Taking merchandise and services together, overall trade deficit for the first two months of FY18 was at $ 27090.91 million compared to $11117.77 million during April-May 2016.

India's current account deficit at $ 3.4 billion in Q4FY17

India's current account deficit at $ 3.4 billion in Q4FY17

Thu, Jun 15, 2017

RBI said India's CAD stood at $3.4 billion which was 0.6% of GDP in Q4FY17 higher from $0.3 billion in similar period of previous year.

GST will not hurt second quarter sales, retailers say

GST will not hurt second quarter sales, retailers say

Thu, Jun 15, 2017

At the ReTech Conclave hosted by Retailers Association of India on Wednesday, where the retailers gathered anticipated little or no change in sales figures post GST implementation. Key Highlights

BSE, NSE open higher on US Fed's interest rate action

BSE, NSE open higher on US Fed's interest rate action

Thu, Jun 15, 2017

The key Indian equity market indices on Thursday opened higher after the US Federal Reserve raised its key interest rate. The Sensitive Index (Sensex) of the BSE, which had closed at 31,155.91 points on Wednesday, opened higher at 31,222.89 points.

Rupee jumps 5 paise against dollar to 64.25

Rupee jumps 5 paise against dollar to 64.25

Thu, Jun 15, 2017

Extending its climb for the third day, the rupee appreciated by another 5 paise to 64.25 against the US dollar in early session today amid a higher opening of domestic equities.

WPI data today: How low will May wholesale inflation go?

WPI data today: How low will May wholesale inflation go?

Wed, Jun 14, 2017

Wholesale price index or wholesale inflation numbers will be revealed for the month of May on June 14, Wednesday. Analysts expect wholesale inflation to drop.

India's May retail inflation reaches record low of 2.18%

India's May retail inflation reaches record low of 2.18%

Mon, Jun 12, 2017

10.52 lakh bogus PAN cards cannot be termed minuscule number to harm economy, says Supreme Court

10.52 lakh bogus PAN cards cannot be termed minuscule number to harm economy, says Supreme Court

Sun, Jun 11, 2017

As many as 10.52 lakh "bogus" PAN cards of individual income tax assesses, which is around 0.4 % of the total such documents, cannot be termed a "minuscule" number to harm the country's economy, the Supreme Court has said.

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