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As finance minister Nirmala Sitharaman gears up to present the vote-on-account budget for fiscal year 2024-25 (FY25) on 1 February, India's economy finds itself at a crucial juncture. The mix of current macroeconomic indicators presents both opportunities and challenges for the finance minister. On the bright side, growth projections are promising.

China's recovery after opening up from its zero-Covid policy has been marred by a deepening property crisis, deflationary risks, and subdued demand; besides other factors such as a recession and joblessness, Reuters reported. Also Read | China: $6.3 trillion wiped out from market value of stocks as investors play the waiting game Expectations of a strong post-COVID rebound in the world's second-largest economy waned amid weak consumer and business confidence, mounting local government debts, and as global economic slowdown weighed on jobs, activity, and investment. China Beige Book International's survey noted a disappointing recovery from COVID-19, suggesting the need for major global upside surprises or more active government policies for acceleration, the report said.

“Policy making is dynamic in India and budget is not a limiting event. If an investor’s asset allocation permits to invest additional funds in equity then given the rich valuations currently, it could be deployed over 6 months,” says Rohit Sarin, Co Founder – Client Associates managing assets worth over $6 Bn. In an interview with ETMarkets, Sarin said: “As of now, all debt instruments including bonds attract marginal tax rate in India. We expect policy stability on this front. 10-Year Bond Yields, and Inflation—paints a compelling narrative,” Edited excerpts: Markets are trading near record highs as we approach the Interim Budget 2024 or the Vote on Account – what are your expectations? Rohit Sarin: Indian markets have been resilient in 2023 on account of the resilience of the domestic economy. With indications of an accommodative stance of the US Fed in 2024 markets are expected to remain strong in 2024 aided by the reallocation of global liquidity towards equity in general and growing economies like India in particular.

TORONTO — The head of Canada’s banking regulator says he’s ramping up scrutiny of money laundering in the financial sector as risks increase.

logistics industry has experienced a significant transformation as consumer demand for sustainability has grown stronger. The era of single-use plastics and excessive packaging waste gradually led to a new paradigm: sustainable packaging. Today, eco-conscious consumers increasingly seek brands that prioritise environmentally friendly practices, making sustainable packaging a crucial factor for business success. Eco-friendly is a catch-all term for all kinds of packaging that is – for one reason or another – considered better for the environment.

Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record. Locally, a meltdown in Chinese shares is wreaking havoc on the nation’s asset management industry, pushing mutual fund closures to a five-year high. The Hang Seng China Enterprises Index has already lost 11% in 2024.

sustainable entrepreneurship, redefines success by incorporating positive societal and environmental contributions alongside financial gains. Sustainable entrepreneurship is about a practical approach that integrates eco-friendly and socially responsible practices into the very fabric of business models. It's about finding the perfect equilibrium where profitability and ethical responsibility not only coexist but enhance each other. This synergy benefits the company and contributes positively to the global community. At the heart of sustainable entrepreneurship lies a commitment to enduring impact.

Arun Misra, CEO, Hindustan Zinc, says “if the market cap goes up, only the government starts to gain during the disinvestment process. We also believe that divestment of shares of silver company and zinc company separately will be easier than divestment of Hindustan Zinc shares as two different sets of buyers or investors will be attracted to buying these two different kinds of company shares. So I expect a positive nod from Government of India nominee directors by the next board meeting. And then we will take some time to implement.” It has been a pretty strong set of earnings, revenue growth of 8%. Margins as well have expanded nearly 200 basis points. Let us talk about the demand scenario. On ground, both domestically as well as international, are we seeing this gradual recovery play out? Arun Misra: Demand in India has been good and there is no dearth of demand.

Budget 2024 Expectations: Here's what CareEdge predicts for India's economy The government is aiming to narrow the fiscal deficit to 4.50% of GDP by the end of the 2025-26 fiscal year (FY) from 5.90% in the current year to end-March 2024. The January 10-19 Reuters poll of 41 economists showed the Feb.

Also Read: Budget 2024: Focus on rural schemes, infra investment likely, says veteran fund manager Mihir Vora Sitharaman's declaration that it will be a vote of account suggests that no significant policy announcements are likely expected in this interim budget. With the announcement of the election dates around mid-March, the model code of conduct (MCC) is expected to come into effect barring the government from announcing any policy decisions.

oil output offset concerns about the Chinese and global economies. Brent futures settled 54 cents lower at $78.56 a barrel. U.S.

San Francisco Federal Reserve President Mary Daly gives her outlook on the U.S. economy and discusses the Fed's interest rate plan on 'Making Money.'

Canada’s holiday sales period got underway in November with a 0.2 per cent decline in retail sales led by falling purchases at food and beverage retailers.

Narendra Modi on Friday while pitching for his third term, said that he is a Prime Minister who has delivered on all the promises made. Invoking the 'Modi guarantee', the Prime Minister linked the economy of the country with that of his government coming to power, saying that in his third term, the country would become one of the top three economies in the world.

Stagflation could rear its head in Canada as geopolitical events coupled with a downbeat business outlook threaten to play havoc with the Bank of Canada‘s best-laid plans for getting inflation under control and cutting interest rates, suggests one economist.

U.S. power companies raced to get in on the offshore wind boom a few years ago. Now some are rushing to get out.

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Greenwood Capital President and CIO Walter Todd joined ‘Mornings with Maria’ to discuss the state of the U.S. economy and mortgage rates as housing inflation continues to rise. 

Investors are becoming more optimistic in the outlook for the U.S. economy and the market as expectation remains high that the Fed will cut rates and execute a soft landing in the months ahead.

By Joe Cash

Mint. The executive added that while the second A350 is joining the fleet this month, the total of six A350 deliveries will be completed by March. The airline is prioritizing ample training time for pilots, planning domestic A350 operations for the next five to six months.