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Economy

India sees surge in deal activity at record $116 billion in 2024

India sees surge in deal activity at record $116 billion in 2024

Tue, Jan 21, 2025

India's deal-making landscape witnessed a landmark year in 2024, with a record 2,186 deals valued at $116 billion, marking a 33 per cent increase in volumes and 76 per cent surge in values (year-over-year), a report showed on Tuesday.

Maharashtra will play key role in achieving India's $5 trillion economy goal: Minister Aditi Tatkare

Maharashtra will play key role in achieving India's $5 trillion economy goal: Minister Aditi Tatkare

Sat, Dec 21, 2024

Representing Maharashtra in the pre-Union Budget meeting held in Jaisalmer, Minister Aditi Tatkare on Saturday assured that Maharashtra would play a pivotal role in India's journey towards becoming a $5 trillion economy.

Nirmala Sitharaman: Economy to Improve in Coming Quarters

Nirmala Sitharaman: Economy to Improve in Coming Quarters

Wed, Dec 18, 2024

Nirmala Sitharaman, India's Finance Minister, states that the economy will improve in the upcoming quarters despite a temporary dip in Q2 growth. In this video, we discuss her comments on India's economic outlook and what it means for future growth.

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Government makes e-invoicing mandatory for businesses with Rs 100 cr turnover: What it means

Government makes e-invoicing mandatory for businesses with Rs 100 cr turnover: What it means

Thu, Nov 12, 2020

The government has notified mandatory requirement of e-invoicing for B2B transactions for businesses with a turnover of over Rs 100 crore with effect from January 1, 2021.

Govt notifies mandatory e-invoicing by biz with Rs 100 cr turnover from Jan 1

Govt notifies mandatory e-invoicing by biz with Rs 100 cr turnover from Jan 1

Thu, Nov 12, 2020

The government has notified mandatory requirement of e-invoicing for B2B transactions for businesses with a turnover over Rs 100 crore with effect from January 1, 2021

Why Prime Minister Narendra Modi thinks India is the place to be for investors

Why Prime Minister Narendra Modi thinks India is the place to be for investors

Fri, Nov 06, 2020

Prime Minister Narendra Modi on Thursday wooed global investors by showcasing the recent agriculture and labour reforms and faster-than-anticipated reflating of the economy and asserted that the government will do whatever it takes to make India the engine of global growth resurgence.

GST collection, power consumption show recovery: Ex-RBI chief

GST collection, power consumption show recovery: Ex-RBI chief

Fri, Nov 06, 2020

Former governor of the Reserve Bank Of India (RBI) C Rangarajan on Thursday said the decline in the growth of the economy triggered by COVID-19 was like a coma that stays for a short period

Union Cabinet okays India-Israel MoU on health

Union Cabinet okays India-Israel MoU on health

Wed, Nov 04, 2020

The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved a Memorandum of Understanding between India and Israel on cooperation in the field of health and medicine.

India's manufacturing output zooms in October; here are reasons why

Mon, Nov 02, 2020

Easing Covid-19 restrictions and healthy market conditions on the back of higher demand accelerated India`s manufacturing sector growth in October. The period under consideration also coincides with the start of the festive season in India which traditionally sees higher off-take. In response to strong sales gains and softer containment measures related to the Covid-19 disease, firms lifted production at the strongest pace recorded since late 2007. Consequently, the headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers` Index (PMI) pointed to the strongest improvement in the health of the sector in over a decade. The growth was led by the intermediate goods category, but there were also robust expansions in the consumer and investment goods sub-sectors, cited the Manufacturing PMI report. Resultantly, the reading on the index showed a rise from 56.8 in September to 58.9 in October. Moreover, the upturn in sales was the strongest since mid 2008. New export orders likewise rose at a quicker pace, one that was the most pronounced in close to six years. --IANS rv/sn/arm The story has been taken from a news agency

Spike in internal remittance, new EPFO registrations indicate recovery: Report

Spike in internal remittance, new EPFO registrations indicate recovery: Report

Mon, Nov 02, 2020

Indicating a faster-than-expected recovery, remittances from migrant labourers and the number of first-time EPFO registrations have crossed the pre-lockdown levels in September, according to a report

Non-food bank credit growth decelerated to 5.8% in Sept

Non-food bank credit growth decelerated to 5.8% in Sept

Fri, Oct 30, 2020

Non-food bank credit growth decelerated to 5.8 per cent in September 2020 from 8.1 per cent in the same month of the previous year, according to the RBI data

India will be one of fastest-growing economies next year: Nirmala Sitharaman

India will be one of fastest-growing economies next year: Nirmala Sitharaman

Tue, Oct 27, 2020

Finance Minister Nirmala Sitharaman on Tuesday indicated that contraction in the economy due to COVID-19 may come down to near zero this fiscal amid the ongoing economic revival and next year India will be one of the fastest-growing economies.

GST annual returns filing deadline for FY19 extended till December 31, says CBIC

GST annual returns filing deadline for FY19 extended till December 31, says CBIC

Sat, Oct 24, 2020

The government had last month extended the last date for filing GST annual return and audit report for the 2018-19 fiscal by a month till October 31, 2020.

Rate cut will depend upon moderation in inflation: RBI Governor Das

Rate cut will depend upon moderation in inflation: RBI Governor Das

Fri, Oct 23, 2020

Reserve Bank Governor Shaktikanta Das has said that there is room for rate cut but monetary policy action would depend upon the evolving situation on the inflation front which is currently above the tolerance level of the central bank

Time to rebuild demand, says principal eco adviser

Time to rebuild demand, says principal eco adviser

Fri, Oct 23, 2020

Principal Economic Adviser Sanjeev Sanyal on Thursday said time has come to give a push for reinflating demand in the economy hit hard by the COVID-19 pandemic

Next stimulus should focus on short-gestation infra projects: Niti Aayog Vice Chairman

Thu, Oct 22, 2020

Niti Aayog Vice Chairman Rajiv Kumar?on Thursday said the Indian economy might end up with a lower contraction in the current fiscal than projected by various organisations and also stressed that the next stimulus should focus on short-gestation infrastructure projects

Make in India: Boost for domestic shipping industry; Indian Shipping companies to get Right of First Refusal for ship chartering

Make in India: Boost for domestic shipping industry; Indian Shipping companies to get Right of First Refusal for ship chartering

Thu, Oct 22, 2020

In pursuance of ‘Make in India’ policy of the Government of India, Ministry of Shipping has reviewed the ROFR (Right of First Refusal) licensing conditions for chartering of vessels/Ships through tender process for all types of requirements.

Taiwanese investment in India generated employment for 65,000 people, says Taiwan's Foreign Minister Joseph Wu

Taiwanese investment in India generated employment for 65,000 people, says Taiwan's Foreign Minister Joseph Wu

Thu, Oct 22, 2020

Speaking to WION, Wu said that the Taiwan government, since 2016, is looking forward to improving the friendship between the two countries — be it people-to-people relations or trade policies. In the area of healthcare, agriculture, technical and education exchanges with each other, he has seen "tremendous progress".

FDI up 16 pc to USD 27.1 bn in Apr-Aug: Govt data

FDI up 16 pc to USD 27.1 bn in Apr-Aug: Govt data

Wed, Oct 21, 2020

Foreign direct investment (FDI) in India has increased by 16 per cent year-on-year to USD 27.1 billion during April-August this year, the Commerce and Industry Ministry said on Tuesday

Fraud attempts against businesses in India doubled in lockdown: Report

Fraud attempts against businesses in India doubled in lockdown: Report

Wed, Oct 21, 2020

There was a doubling of online fraud attempts against businesses in India during the initial days of the lockdown and the same went down subsequently as the economy began unlocking, an American information and insights company said on Tuesday

Another round of economic stimulus not off the table: FM Nirmala Sitharaman

Another round of economic stimulus not off the table: FM Nirmala Sitharaman

Tue, Oct 20, 2020

Just a week after announcing measures to boost consumer demand and provide liquidity to states, Finance Minister Nirmala Sitharaman on Monday said that the government has not closed the option of coming out with another round of stimulus with a view to support the economy amid the pandemic

Pandemic-driven loan recast to take GNPAs to 11.5 pc by March: Report

Pandemic-driven loan recast to take GNPAs to 11.5 pc by March: Report

Wed, Oct 14, 2020

The pandemic-induced one-time loan restructuring will spike the system-wide gross non-performing assets (GNPAs) to 11-11.5 per cent by March, says a report

Rs 73,000 crore stimulus package! Modi government announces new measures to boost consumer spending

Rs 73,000 crore stimulus package! Modi government announces new measures to boost consumer spending

Tue, Oct 13, 2020

In a major development, Modi government has announced new measures of Rs 73,000 crore to stimulate consumer spending before end of this Financial Year in fight against COVID-19.

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