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India will likely retain its position as the fastest-growing large economy for the third successive year in 2024-25. Besides price stability, which has been achieved even under difficult global conditions, the post-covid fiscal rollback has been smooth because there were few cash giveaways. The upward adjustment of the monetary policy rate was done smoothly; it did not upset India’s growth momentum, unlike in the West, where higher policy rates are going against growth.

₹25,000 for assessment year up to 2010-11 and demands up to ₹10,000 from the next year up to assessment year 2015-16 will be extinguished. However, any criminal action initiated or planned under any law will not be dropped. Any tax demand raised against taxes collected or deducted at source (TCS or TDS) will not be eligible for this relief, CBDT said.

₹750 crore in FY22. The top quintile (one-fifth) of this set of companies reported a compound annual growth rate (CAGR) of 15% or higher in revenue, while India’s nominal gross domestic product (GDP) growth rate averaged around 10%, McKinsey said. Based on the findings, McKinsey analysts said companies need to set aggressive growth targets to outperform both peers and the economy.

Speaking to Bloomberg's UK Politics podcast, he said the BoE's credibility is under threat if it does not pivot on interest rates. Haldane, who was chief economist between 2014 and 2021 and is now CEO of the Royal Society of Arts, argued the UK is still «looking at best, at a year of anaemic growth», citing risks on the downside as well. UK enters technical recession as economy shrinks 0.3% in Q4 2023 He said there was a risk the BoE could worsen the UK's recession unless it started loosening its monetary policy, claiming that is where the «balance of risks lies». «For me, the c...

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₹10 trillion. This projects, announced at the Uttar Pradesh Global Investors Summit in Lucknow, spans a variety of sectors including manufacturing, renewable energy, IT & ITeS, food processing, housing, real estate, hospitality, entertainment, and education.

A measure of consumer sentiment ticked higher this month, after soaring in December and January, underscoring that Americans are starting to feel better about the economy after years of gloom

The Biden administration says that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont

European shares opened lower after a mixed session in Asia as Chinese markets reopened from a long Lunar New Year holiday

Nigerians are facing one of the West African nation’s worst economic crises in years

Prime Minister Narendra Modi on Monday reiterated his government's commitment to support farmers in exploring new avenues in agriculture. Addressing an event in Lucknow in Uttar Pradesh, the prime minister emphasized the importance of working towards a common goal of having Indian food products on dining tables across the globe. His remarks came amid a protest by a section of farmers over their various demands such as a legal guarantee for minimum support price for crops. «We are assisting and encouraging farmers to take our country's agriculture on a new path,» he said.

Stalin said that the revised estimate for 2023-24 was also higher than the budget estimates for the same year which was pegged at Rs 37,540 crore. Thangam Thennarasu, who replaced PTR Palanivel Thiagarajan as the state's Finance Minister last year, presented his maiden paperless, e-budget which he said was aimed at achieving the 'Tamil dream' through seven objectives — social justice, welfare of the marginalized, transforming young Tamils as global achievers, knowledge based economy, equality focused on welfare of women, sustainable green future and Tamil language and culture. «The revenue expenditure is estimated at Rs. 3,48,288.72 crore in Budget Estimates 2024-25 which shows an increase of 9.70 per cent over revised estimates for 2023-24,» he said. «The revenue expenditure is estimated to be Rs. 3,59,949.99 crore in 2025-26 and Rs. 3,89,005.49 crore in 2026-27.»

BEIJING (Reuters) -Tourism revenues in China during the Lunar New Year holidays that ended on Saturday surged by 47.3% year-on-year and surpassed 2019 levels, thanks to a domestic travel boom amid a longer-than-usual break, official data showed on Sunday.

By Xinghui Kok and Joe Brock

talent passport' lets highly-skilled foreign workers live and work in France for an initial four-year period.

Supreme Court on Monday asked low-cost carrier SpiceJet to clear all outstanding dues by March 15 in the ongoing Credit Suisse case. “There is no scope of belated payment. The respondent is not justified in saying so. The very fact that the respondent is in default is apparent from the dateline given,” the SC observed. The SC in September allowed SpiceJet to clear arrears in the airline’s payment to Swiss financial services firm Credit Suisse over a dispute settlement in six months.

Indian rupee was the most stable of the emerging market currencies in the last year? It's largely the narrowing current account deficit (CAD), besides other strong economic fundamentals. Here's an ET Explainer on how the CAD influences the rupee movement and what are the consequences of a high deficit ratio. What is the current account deficit? A country's current account is a calculation of the total value of goods and services imported and exported. If the value of goods and services imported exceeds the value of goods and services exported then the current account turns into deficit mode. It takes into account the sum of trade balance and net income of companies from abroad. Current account deficit or surplus is expressed as a percentage of a country's gross domestic product.

Vikas Pershad, Fund Manager, M&G Investments, says “one has to think about not just China plus one, but also one plus India. If you are selling into a country, add India; if you are making in another country, you have to think about India now, which I have come around to, I was not a believer in a big way just a couple of years ago.” Markets always follow a style. There is a time when dividend investing will do well. There is a time when growth does well. There is a time when value does well. In the last 18 months, growth has done well in India whether it is some of the defence, cyclicals or infrastructure names and value has made a comeback which is PSU. It is a rarity. Why is that we are seeing a rising tide phenomenon? Vikas Pershad: Before we look abroad, you look internally and look at the retail interest, how the financialisation of savings is happening here in India. Retail investors are now taking money from other sources and putting it into the market and I think that is driving it. You have a lot of people focussed on this market. You have China, on one hand, that has gone from being a specialist market to a generalist market and it is back to being now a specialist market.

China is widely expected to trim its benchmark mortgage reference rate at a monthly fixing on Tuesday, as banks' improving net interest margins give authorities some leeway to use monetary stimulus to shore up faltering economy growth. The loan prime rate (LPR) normally charged to banks' best clients is calculated each month after 20 designated commercial banks submit proposed rates to the People's Bank of China (PBOC).

VC crypto investment rules could be relaxed in Japan, where the government plans to allow venture capital firms to invest in Web3 companies.

Robert Kiyosaki, author of the best-selling financial book “Rich Dad Poor Dad,” has once again made a bullish case for bitcoin price.