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₹11,000 crore container PLI scheme to be spread over a nine-year period, beginning 2024-25. The plan was to manufacture 20 feet and 40 feet length containers of various configurations. The aim of this scheme was to raise domestic manufacturing of containers so that India could potentially compete with China over it and garner at least 10% of demand from global liners.

An important person in the government requested me to write about how the subsidy from Union budgets for second-class AC train seats in India has grown since 2014, given that these fares haven’t been adjusted for rising fuel costs. I haven’t managed to figure out if there is a subsidy on these fares, let alone how fast it may be growing. Happy to be corrected, but it seems that the outgo towards this subsidy and the figures needed for computing it are not being reported in the Union Budget.

₹1.5-lakh exemption under Section 80C of the Income Tax Act and, two, funds in the fixed deposit have to stay locked in for five years. There is now a demand to further liberalize this category of deposits. The other reason for slow deposit growth has been the banking sector’s near-stagnant physical presence.

The most notable thing about the annual Mercosur summit kicking off in Paraguay is an absence — that of Argentine President Javier Milei

dollar remained on the back foot on Wednesday after dovish comments from Federal Reserve Chair Jerome Powell sent U.S. bond yields lower, overshadowing a strong domestic jobs report. The euro held firm, helped by a stubbornly high local inflation reading on Tuesday. Sterling was steady ahead of Thursday's U.K. election.

Iranians turned out in higher numbers than in previous votes to elect a reformist president who ran on a platform of re-engaging with the West and loosening the country’s strict moral codes for women. The country’s liberal voters, confronted with a stark choice between a cautious reformer and a tough hard-liner, shook off some of the disillusionment that had led to very low turnout in the initial presidential vote a week ago and turned out to the polls for a runoff that put the first reform candidate in office in two decades.

BEIJING — China's real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a push for advanced manufacturing.

Inflation is on the way down in Europe

dollar fell a touch on Thursday although moves were largely subdued ahead of a U.S. inflation report due later in the day, while sterling firmed on receding expectations for an August rate cut from the Bank of England (BoE). The British pound rose to a one-month high of $1.28545 in early Asia trade, extending a 0.48% gain from the previous session after comments from BoE policymakers caused markets to scale back bets for an easing cycle to begin next month.

Indian real estate has become a lucrative investment destination for NRIs. The high demand for real estate among the NRI community has grown significantly in the last 4-5 years due to various factors. These factors include India’s growth outlook, the boom in the Indian real estate market, the perception and confidence in real estate as a stable asset class, fluctuations of the USD against INR, and the sentimental value attached to the homeland. The interest of NRIs in Indian real estate presents a significant opportunity for the real estate industry to capitalize on and can serve as a major catalyst for the Indian economy. Here are some policies and reforms that could enhance NRI investments in India.

gems and jewellery industry plays an important role in Rajasthan's economic progress and the state is working on to promote the sector and ensure ease of doing business for entrepreneurs, Chief Minister Bhajanlal Sharma said on Friday. Sharma said that the share of gems and jewellery in the total exports from the state reached Rs 11,183 crore in 2023-24. Gems and jewellery businessmen are making a significant contribution to the economic progress of the state and the sector is a major job creator, the chief minister said at the inauguration of jewellery show JAS-2024 being organised by the Jewellery Association here. He further said that Jaipur is famous for gems and jewellery on the world stage and the state government is continuously working to promote this industry and make business easier for entrepreneurs.

India is readying a blueprint to enhance the participation of women in the national workforce to the global average, which the government considers crucial to achieve its developed nation goal by 2047. Proposals under consideration include incentives to create employment, development of the care economy, and enabling easier access to finance to encourage more women to join the labour force, said people aware of the deliberations. Discussions have commenced between the ministries of women & child development and labour & employment, as well as the Niti Aayog on possible interventions, they said. The budget to be introduced this month could capture some of these ideas.

Myanmar’s state-run media say the country's military government has arrested a Japanese business executive, along with dozens of local businessmen, for allegedly selling rice at prices well above the officially regulated ones

U.S. stocks are drifting after the French market roared higher as elections continue to drive swings in financial markets worldwide

economy ended the first quarter on a strong note with manufacturing sector activity rebounding in June after two months of deceleration while goods and services tax (GST) collections came in strong. Passenger car sales rose further in the month from last year's high base. However, the intense heatwave may have adversely impacted some sectors in the quarter. GST collections rose 8% in June to Rs 1.74 lakh crore from Rs 1.61 lakh crore a year earlier, people aware of the numbers told ET. As per industry estimates, 340,784 cars, sedans and utility vehicles were sold last month compared with 328,710 units in the same month the preceding year. A little over half of these volumes, 53%, came from the sale of sports utility vehicles (SUVs).

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says the market might be held up and we might just have a push higher toward the Budget. Two of the big sectors like IT and banking have seen a strong run in the very short run. Other sectors like FMCG are probably helping to push the market higher on the basis that there could be more government spending to help the rural economy and therefore that would have knock-on effects in other areas as well like affordable housing, affordable housing finance companies.

Kiren Rijiju today announced that the Budget Session of the Parliament will commence on and continue till August 22.

U.K. Prime Minister Rishi Sunak has dismissed suggestions that his party is heading to defeat in Thursday’s general election

Britain looks set to elect Labour Party leader Keir Starmer as its next prime minister when voters go to the polls on Thursday, sweeping Rishi Sunak's Conservatives out of office after 14 often turbulent years. Opinion polls put Starmer's centre-left party on course for a landslide victory as voters turn their backs on the Conservatives following a period of infighting and turmoil that led to five prime ministers in eight years. However, surveys show many voters simply want change, rather than fervently backing Labour, meaning Starmer could enter office with one of the biggest to-do lists in British history but without a groundswell of support or the financial resources to tackle it.

Reeves was appointed head of the Treasury by Prime Minister Keir Starmer on Friday (1 July), after his party won a landslide majority at the UK's 2024 general election. Campaigning on a promise of ‘Change', Reeves continued the PM's message in her first address in the role. Rachel Reeves appointed Chancellor of the Exchequer Speaking to Treasury staff on Friday, she said it was an «honour» to be chancellor, adding «I know what a responsibility this brings – to guide our economy through uncertain times». In her inaugural speech today, Reeves said she has already been working on h...

digital payments major BillDesk. Now, services like Fastag and DTH recharge, landline, broadband bill payments and mobile phone bill payments will be available on the ecommerce platform, the company said on Wednesday.