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India is moving towards a new fiscal policy framework. Finance minister Nirmala Sitharaman said in the Union budget announced earlier this month that after 2025-26, the government will try to keep the fiscal deficit at a level “such that the central government debt will be on a declining path as a percentage of GDP." What does this mean? India currently has a fiscal law that expects the Union government to keep its annual fiscal deficit below 3% of gross domestic product (GDP).

small caps and 20% of midcaps are trading above reasonable valuation levels,” says Pradeep Gupta, Co-founder & Vice-chairman, Anand Rathi Group. In an interview with ETMarkets, Gupta said: “Investors should avoid these overvalued pockets, at least from a short- to medium-term perspective,” Edited excerpts:

Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soo...

Argentine President Javier Milei has told his country's struggling farmers that he was committed to scraping export taxes and rescuing the key agricultural industry

On Wednesday, Federal Reserve officials wrap up their latest policy meeting and aerospace giant Boeing reports its second-quarter earnings

Since President Joe Biden left the White House race, Vice President Kamala Harris has begun to craft her own narrative around the economy

RBI) is planning a five-episode web series to provide an in-depth presentation about its functions and its 90-year journey. The web series is proposed to be for nearly three hours, with each episode having a duration of 25-30 minutes, according to an official document.

New Delhi: The Energy and Resources Institute (TERI)organized a photo exhibition titled "Coal Dependence: Lives in an Extractive Economy" at its headquarters at the Indian Habitat Centre on July 25 and 26.Thetwo-day exhibition was part of a project “Just Transition: Understanding and the Implications of Moving Away from Coal", supported by the MacArthur Foundation.The exhibition strove to illuminate the lives of communities that are intricately connected to the coal economy, which is at the heart of the just energy transition debate.Through a series of compelling photographs, the exhibition examined the everyday realities of individuals engaged in selling, extracting, and transporting coal which happens in the absence of alternate lucrative means of income. These images highlighted the vulnerabilities faced by these communities as we aspire to transition towards cleaner energy sources.The photo exhibition was inaugurated by Dr Vibha Dhawan, Director-General, TERI, and attended by Mr Ajay Shankar and Mr Jiwesh Nandan, Distinguished Fellows at TERI.

Investors begin the week desperate for answers to questions about the near-term path of global monetary policy after conflicting signals from key economies upended markets.

A dimmer outlook for US corporate earnings is likely to hurt stocks that are tied to the economy, as investors worry about the impact of falling inflation on pricing power, according to Morgan Stanley’s Michael Wilson.

More U.S. manufacturers are rethinking their plans as they brace for an extended slump in demand. Higher interest rates, rising operating costs, a strengthening U.S.

hypothetical conversation between two investors on the recent Budget. It may not be a real interaction, but is representative of the many exchanges on the social media and in real life.

Modi on Sunday gave several suggestions to the chief ministers and deputy chief ministers of BJP-ruled states on further improving the governance in their respective states, emphasising on messaging of the welfare schemes for their better delivery.

AI will likely be replacing low-wage jobs with expensive technologies and lack of reliability, as of now. “Unless there is RoI, companies will not invest. But we believe every business will be an AI business in future.

Not only did heatwaves have a widespread affect in India this summer, including causing the death of around 100 people, they are increasingly expected to be more devastating and frequent than other extreme weather events such as floods as time passes by. This poses substantial risks to India’s economic growth, said climate experts, who do not consider heatwaves as natural disasters, but manmade ones. This assumes even more significance, given that the global temperature has already breached the 1.5 degree Celsius threshold limit earlier this year.

While Federal Reserve officials aren’t likely to change interest rates in the coming week, their meeting will nonetheless be one of the most consequential in a while. At each of their four meetings this year, interest-rate cuts have been a question for later. This time, though, inflation and labor-market developments should allow officials to signal a cut is very possible at their next meeting, in September.

Nirmala Sitharaman on 23rd Jul’24 presented the Union Budget 2024-25. This was the first budget of Prime Minister Narendra Modi’s third term in the government. Overall, the broad themes from the interim Budget remained unchanged. The Union budget 2024-25 focused on infrastructure, fiscal consolidation, job creation, MSMEs, women, and agricultural support.

gold prices have shown ferocious moves compared to equities. Investors and traders need to be calculative while making investment decisions at this time. Gold had given 16% return in year-to-date 19 July 2024, compared to the 14% return given by the Nifty 50 index – the most widely tracked gauge of stock market performance. However, Union Finance Minister Nirmala Sitharaman announced a sharp cut in import duties to 6% from 15% earlier on gold, in Union Budget 2024. This pulled down the price of yellow metal. Compared to Rs 72,718 per 10 gram on MCX on 22 July 2024 the gold prices went down to Rs 68,510 by end of 23 July 2024 – the day of budget announcements, and then went to hit a low of Rs 67,462. Equities on the other hand tanked for a while due to increase in taxation of capital gains, but quickly recovered to go higher. These price gyrations baffled many investors. A look at the drivers of price change however should help to take a more informed decision.

Narendra Modi called for a zero poverty target while emphasising that states should play an active role in making India a developed nation by 2047. He mooted creation of river grids and an investor-friendly charter to rank states on their ability to attract investments, at the ninth governing council meeting of the Niti Aayog.

Kamala Harris ' economy — a major opportunity as well as a possible risk for the likely Democratic presidential nominee. Shortly after President Joe Biden left the race a week ago, Harris began to craft her own narrative around the economy by putting an emphasis on ending child poverty, promoting labor unions, reducing the costs of health and child care and protecting «dignity» in retirement.

Narendra Modi called for a nationwide investor friendly charter and an index, to be prepared by the NITI Aayog, to rank states on their ability to attract investments.