India Financial News

₹45 trillion (if fiscal deficits could make countries rich, then no country would be poor), reversing the shift from revenue spending to capital expenditure (improving productivity requires allocating even more than last year’s high of ₹10 trillion), or crowding out defence and police spending (about ₹8 trillion) with welfarism. The next budget should pray to the one god of formal non-farm jobs with five non-fiscal interventions that will raise the productivity of formal, non-farm employers.

Unit-Linked Insurance Plans (ULIPs) combine insurance and investment. In ULIPs, a portion of your premium goes towards providing insurance coverage and the remaining is invested in market-linked funds.Non-insurance savings options include bank deposits, post office schemes, mutual funds, and stocks. Bank deposits are safe and offer fixed returns.

Budget Expectations: Things seem to be falling comfortably into place for Indian Prime Minister Narendra Modi. Yes, he lost seats in India’s recent general election — but he was, nevertheless, re-elected for a third term. Yes, he is dependent upon smaller allied parties for the first time in his political career. But those allies have been complaisant so far, and he has kept them out of major ministerial roles without any blowback. That period of calm may be coming to an end, however. Next week, India will unveil its tax-and-spending plans for the ongoing financial year, which ends in March 2025 — and, according to Reuters, the allies’ bills will come due. Also Read: Ally Naidu again seeks funds from Modi-govt before Budget

balance of payments could record a surplus of around $52 billion, or about ₹4.3 lakh crore, in the current fiscal, with foreign institutional investor inflows likely to clock $25 billion, largely due to the inclusion of local debt in a JP Morgan index, State Bank of India has said. «FII inflows, which are $3.5 billion so far this fiscal, are expected to be around $25 billion, getting support through debt inflows on account of bond inclusion ($2.3 billion so far plus another $18 billion expected),» a report by SBI's economic research department said.

Suzuki Motor said on Wednesday it plans to cut the weight of its small Alto hatchback by 15% over the next decade, aiming to reduce the vehicle's energy usage and employ those technology gains in other models. The Alto currently weighs 680 kg and the company hopes to lower that by 100 kg. «If a vehicle is heavy, we also have to make the battery and motor larger to get a long range and good performance,» Tatsuya Matsushita, an executive in charge of Suzuki's automotive technology said.

budget in February said that improving the social and economic conditions of women was a priority area of the government. Experts say the full budget should take more steps in this area and announce measures to further this cause. Aparajita Bharti, Co-founder at TQH Consulting, a public policy consulting firm, says the idea should be to focus on programmes that tap into the potential for entrepreneurial ventures through credit opportunities, financial literacy and skill development. There is a need for a concerted focus on schemes and announcements that create enabling infrastructure like public toilets, working women’s hostels and creches for women; reduce and redistribute their unpaid care burden and improve last-mile connectivity; engender digital and financial literacy and skills for the future of work; and provide incentives for companies to hire and advance women in the workplace.

Logistics disruptions such as lack of container availability, irregular shipping schedule and ships skipping Indian ports impacted the country's exports growth during June, apex exporters' body FIEO said on Monday. After recording 12.8 per cent growth in May, India's merchandise exports rose by just 2.56 per cent to USD 35.2 billion in June. Federation of Indian Export Organisations (FIEO) President Ashwani Kumar said the third consecutive increase in merchandise exports shows the resilience of the sector. «Had it not been for the logistics disruptions such as lack of container availability, shipping space, irregular shipping schedule and ships skipping Indian ports, the exports would have recorded close to double-digit growth in June 2024,» he said in a statement.

The Reserve Bank of India’s (RBI) latest revision of its Master Circular on Fraud Risk Management in banks and other regulated entities has not come a day too soon. Given the rising incidence of financial frauds, it is imperative that lenders adopt a fool-proof process that does not leave any scope for dishonest borrowers to escape on flimsy technical grounds.

Union budget presentation on July 23, Andhra Pradesh Chief Minister N Chandrababu Naidu is on a two-day visit to Delhi to push for the demands raised by him for his state with central ministers. Naidu, a key ally in the BJP-led National Democratic Alliance (NDA) government, met Home Minister Amit Shah on Tuesday evening. He is slated to meet other Union ministers on Wednesday. At his meeting with Shah, Naidu raised the issue of his state's fiscal condition. Naidu apprised Shah that he will be releasing a white paper on this on Thursday — his government's fourth since assuming power last month. Naidu took to microblogging site X and said, «Today in New Delhi, I met with the Hon'ble Union Home Minister, Shri @AmitShah Ji, to apprise him of the devastating condition of finances that Andhra Pradesh had slipped into over the past five years. I also discussed the findings of the four White Papers released, outlining the staggering debt accumulated between FY 2019-24 that spiralled our State's finances out of control. Economic incompetence, gross mismanagement, and rampant corruption by the previous government have caused irreparable damage to our State.»

process outsourcing units (BPO) are increasingly seeking to automate operations and artificial intelligence (AI) is helping companies save thousands of hours in manual work, said Prince Kohli, global chief technology officer of US robotic process automation company Automation Anywhere. “Intelligent automation uses AI and technologies like machine learning and robotic process automation to automate repetitive tasks, gather useful data and support informed decision-making,” Kohli told ET, adding that BPO clients are the company’s biggest supporters.

ashwagandha go into Catwalk and are brewed over a few months using monk fruit as a sweetener and is produced and bottled in Ahmedabad. A sizable number of companies across India, big and small, including Catwalk, Sober, Sobriety Sips and the bigwigs in the beer industry are now experimenting in creating non and low alcohol spirits, including beer, wine, gin, whisky and others. What's driving this trend is a cohort of drinkers who are now looking to cut down on their consumption.

Musk took the comment section of the post and reacted with laughing-out-loud emoticon.Senator JD Vance is former US President Donald Trump’s running mate and Usha Chilukuri Vance is his Indian-origin wife. The couple was trending on social media. X users have been flooding social media with posts on Chilukuri’s Indian connection.

lenders have intensified efforts to garner retail deposits through special plans that offer savers at least 25-30 basis points more than current commitments of comparable tenures, signalling policy interest rates will remain elevated for some time now. SBI, Bank of Baroda, Indian Overseas Bank, Union Bank of India and Bank of Maharashtra have started deposit plans offering 7.25% to 7.30% on investments stretching from 399 to 444 days. These banks are offering an additional 50 basis points for senior citizens. The move to raise deposit rates comes within a fortnight of the Reserve Bank of India's (RBI's) interaction with banks. Narrowing the Gap

For years now, the Union budget has focused on making India a developed nation—viksit Bharat. However, it's time to add yet another angle to this exercise: a concerted effort to help build a class of viksit investors. To achieve this, the budget needs to adopt a carrot-and-stick approach.

IPO) for its Indian unit, which owns spices and condiments brands MTR and Eastern. «We initiated a process to consider structural opportunities for Orkla India, including conducting an IPO readiness study. The results of the study are encouraging. And we will now proceed with an evaluation of accessing the capital markets in India. Any conclusion should not be expected until sometime 2025,» Nils Selte, president and CEO at Orkla, told investors. «There are a lot of things to do before we are good to go.»

MUMBAI: In the rapidly growing world of finance influencers, what do Ananth Ladha*, Fincocktail, Pooja Patel, Himani Chaudhary, and Udayan Adhye share beyond their combined 12.5 million Instagram followers? These finance content creators are all registered mutual fund distributors (MFDs), leveraging their vast social media reach to redefine traditional financial advisory roles.

₹100, and that of portfolio management services (PMS), for which investors need at least ₹50 lakh, the Securities and Exchange Board of India (Sebi) has proposed a new asset class. With an entry ticket of ₹10 lakh, it would offer an attractive mix of risk and reward to investors who find MF strategies too conservative but PMS investments too aggressive.

Mint presents several articles that identify some of the areas where changes are needed. Each will involve a combination of policies and programmes, and the details can only evolve over time. This article focuses specifically on the Budget and what signals it could send.

₹73,498 crore for FY24-25 for the department of school education and literacy. The allocation for higher education for FY24-25 was kept at ₹47,619.77 crore.

Union budget or in the latter part of the current fiscal year, two people aware of the matter said. The finance minister may allocate ₹4,000-5,000 crore for three public sector insurance companies, one of the two people cited above said, requesting anonymity. "The budget could also provide only a token capital for insurance companies, with more funds released after completing further assessments for fresh requirements," the person said.