India Financial News

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. In the last decade, India’s gross domestic product (GDP) has nearly doubled to $3.5 trillion, showcasing our resilience as one of the world’s fastest-growing major economies. As we envision Viksit Bharat by 2047, increasing our economic growth from 8% to 12% could transform India into a $50 trillion economy. The global landscape is witnessing rapid technological advancements, particularly in artificial intelligence (AI) and new energy.

Mumbai, India – 17th July 2024 – TaxBuddy, a leading provider of expert-assisted Income Tax Return (ITR) filing services, has announced the launch of its special "Filing Mahotsav" campaign. From 13th to 25th July, taxpayers can take advantage of a 25% discount on all assisted ITR filing services, making tax season more manageable and affordable.As the deadline for ITR filing approaches, TaxBuddy aims to ease the stress and complexity associated with tax filing by offering professional assistance at a reduced cost.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. In a few days from now, finance minister Nirmala Sitharaman will present her seventh consecutive budget, a record in India’s history. This is also the first Union budget in the third term of Prime Minister Narendra Modi’s government. Undoubtedly, we expect directional continuity in policy announcements with a thrust on economic growth, social development and sustainability, in line with the vision for Viksit Bharat 2047.

You may be surprised to learn that the wife of “hillbilly" J.D. Vance is the daughter of Indian immigrants. Usha Vance (née Chilukuri, a name with origins in the south Indian state of Andhra Pradesh) grew up in San Diego.

Best microwave ovens with convection and grill in India: Top 6 picks of 2024 that aid versatile cookingThe Carrier 1.5 Ton 3 Star AI Flexicool Inverter Split AC is suitable for mid-sized rooms. It utilises Flexicool inverter technology with a variable speed compressor, enabling users to adjust cooling capacity and reduce energy consumption by up to 50%. The AC is equipped with a high-density filter, auto cleanser, and a powerful cooling capacity of 4800 watts.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. The vision to be ‘Viksit Bharat’ by 2047 can become reality only when we closely monitor progress towards our development targets and can prove at the end that we successfully met them. This rests on the institutional capacity to measure defined indicators and present them in an unbiased manner.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. Every incoming government faces massive expectations. This time is arguably greater given the ambitious agenda of becoming a developed economy by 2047.

Reasons to buyReasons to avoidThe Copper RO+UV+UF+TDS Controller water purifier offers 7-stage purification to ensure that your drinking water is free from harmful impurities. It comes with a TDS controller that maintains the essential minerals in the water, providing you with clean and healthy drinking water.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. To be a catalyst for India’s ambition of becoming one of the top three global economies by 2050, the manufacturing sector must adopt a sustainable and inclusive model that decouples growth from emissions for a developing economy of this scale. This will lower our total cost of societal development.

fire broke out at Veg Gulati restaurant on Pandara Road near India Gate here in the early hours of Wednesday, Delhi Fire Services (DFS) officials said. No was was injured in the incident, they said. The restaurant is only a few shops away from the famous Gulati restaurant.

₹2,480-crore loan it had raised last year. The loan was for 10 years with a semi-annual coupon rate of 7.59%. MTNL has long erased its net worth.

Raymond's consumer care business saw its sales fall 18% under its new owner Godrej Consumer Products (GCLP) which acquired the company last year. In its latest annual report, GCPL said the company behind Park Avenue and Kamasutra brands posted sales of Rs466 crore during the eleven months ended March 2024. On an annualised basis, it is roughly Rs508 crore, 18% lower than Rs622 crore in FY23. «The acquisition was in line with the company's strategy to build a sustainable and profitable personal care business in India by leveraging the categories of personal grooming and sexual wellness,» it said in the report. «Revenue and EBITDA of the Raymond Consumer business remained on plan and stable compared to the previous fiscal year.»

eligible AI startups" with up to $350,000 in Google Cloud credits “to invest in the cloud infrastructure and computational power essential for AI development and deployment." Karya, an AI data startup that empowers low-income communities, is “using Gemini (also Microsoft products) to design a no-code chatbot," while “Cropin (in which Google is an investor) is using Gemini to power its new real-time generative AI, agri-intelligent platform." Manu Chopra, co-founder and CEO of Karya, said he uses Gemini "to take Karya Platform global and enable low-income communities everywhere to build truly ethical and inclusive AI." Gemini has helped Cropin “build a more sustainable, food-secure future for the planet," according to Krishna Kumar, the startup's co-founder and CEO. Robotic startup Miko.ai “is using Google LLM as a part of its quality control mechanisms," says Ajjarapu.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. It is now proven beyond doubt that India needs a new imagination of how to govern her cities. The last decade finally saw the emergence of the city as a political agenda and a significant increase in investments in urban infrastructure and services. But the narrowly focused, mission- and scheme-led development of our cities across both the Union and state governments is not delivering the desired results.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. The term ‘welfare’ in economics has a long history, with different schools of thought defining the term in different ways. The modern usage of the term typically associates it with a system wherein the government bears a major responsibility for providing socioeconomic security to citizens. Over the years, the term has also attracted criticism, as critics have associated it with excessive or unnecessary government intervention.

NEW DELHI : Vegetable prices are once again burning a hole in people’s pockets and pushing retail inflation up. If not for double-digit vegetable inflation, the headline inflation in June would have remained below the Reserve Bank of India’s medium-term mark of 4% since January, Mint calculations show.

This is part of a special series of articles by the country's foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. For two decades, India has doubled down on the policy prescription of providing financial ‘last-mile access’ to its rural and poor citizens. Has the effort succeeded? It depends on who you ask. Financial institutions have expanded manifold their credit volumes to poor households in the last decade, and still the business remains so profitable that the sector continues to attract new entrants.

Mutual funds and stocks: If you already have investments in India such as mutual funds or stocks, you must update your KYC (know your customer) details to reflect your NRI status. You must update your KYC as per FEMA regulations to continue holding these investments legally. The required documents vary, depending on the investment type, and the process involves changing your status from resident to NRI and providing proof of your new status and foreign address.

NEW DELHI : Rakesh Bharti Mittal, vice-chairman of Bharti Enterprises Ltd, called for simplifying tax regimes for companies and individuals in the Union Budget 2024-25. In an interaction with Mint, he also sought financial support for micro, small and medium enterprises (MSMEs) and the healthcare sector in the budget to be presented to 23 July. He said the industry would be looking for a meaningful road map to advance the country towards becoming a developed nation by 2047 in the budget.

₹50,000 crore till then. That said, the upcoming budget is likely to include substantial measures to bolster the country's data centre ecosystem, underscoring the government's commitment to advancing digital infrastructure here.

The Indian consumer is showing signs of fatigue. The indications are evident in what consumer goods companies are reporting as well as from hard data in the national income accounts. Household consumer spending grew at half the pace of the overall economy in the financial year that ended in March.