Thursday, November 21st, 2024

Category: Business & Economy

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India's retail inflation eases, remains in line with RBI's 4% target
Business & Economy

India's retail inflation eases, remains in line with RBI's 4% target

Ronit Kawale
August 12, 2024

After crossing the 5 percent mark in June, India's retail inflation rate has fallen sharply in July. According to data released by the Ministry of Statistics and Program Implementation on Monday, retail inflation or...

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RBI Governor Shaktikanta Das projects 7.2 per cent GDP growth for 2024-25, inflation eases to 5.1 per cent in June
Business & Economy

RBI Governor Shaktikanta Das projects 7.2 per cent GDP growth for 2024-25, inflation eases to 5.1 per cent in June

Ronit Kawale
August 8, 2024

Reserve Bank of India Governor Shaktikanta Das said inflation will ease from July as the monsoon has improved and global food prices have shown signs of easing in July. “Global food prices have shown...

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RBI Governor Shaktikanta Das projects 7.2 per cent GDP growth for 2024-25, inflation eases to 5.1 per cent in June
Business & Economy

Repo rate unchanged at 6.5 percent for the ninth consecutive time: RBI

Ronit Kawale
August 8, 2024

Reflecting its cautious stance amid the current economic uncertainties, the Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5 percent. This is the ninth consecutive time that the...

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India's economic momentum remains strong with the overall PMI at 60.7 in July 2024
Business & Economy

India's economic momentum remains strong with the overall PMI at 60.7 in July 2024

Ronit Kawale
August 8, 2024

According to Anand Rathi's report, the overall Purchasing Managers' Index (PMI) stood at 60.7 in July, indicating a pick-up in economic activity, although it declined slightly compared to the previous month, which was at...

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51 lakh or 7.5% more Indians filed income tax returns this year; 72% taxpayers opted for new system
Business & Economy

51 lakh or 7.5% more Indians filed income tax returns this year; 72% taxpayers opted for new system

Ronit Kawale
August 2, 2024

Taxpayers and tax professionals made their compliances on time, leading to a surge in the filing of Income Tax Returns (ITRs), resulting in a new record of ITRs filed till July 31, 2024. The...

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China's manufacturing sector declines sharply despite administration's efforts to revive economy
Business & Economy

China's manufacturing sector declines sharply despite administration's efforts to revive economy

Ronit Kawale
July 31, 2024

China's manufacturing sector shrank for a third straight month in July, and demand remains weak despite recent government efforts to stimulate the world's second-largest economy. The demand index for July, announced by the National...

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India's digital public infrastructure is changing the country's economic landscape: RBI
Business & Economy

India's digital public infrastructure is changing the country's economic landscape: RBI

Ronit Kawale
July 29, 2024

India's digital public infrastructure (DPI), known as the India Stack, has emerged as a transformational force in the country's economic landscape, said the Reserve Bank of India's (RBI) report on Money and Finance 2023-24....

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Investment of Rs 8282 crore under PLI scheme for electronic manufacturing: Government
Business & Economy

Investment of Rs 8282 crore under PLI scheme for electronic manufacturing: Government

Ronit Kawale
July 25, 2024

A total investment of Rs 8,282 crore has been made by 32 companies under the production-linked incentive (PLI) scheme for large-scale electronics manufacturing in the country till the end of June, Minister of State...

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Budget 2024: Finance Minister gives relief to salaried class on tax slabs and standard deduction
Business & Economy

Budget 2024: Finance Minister gives relief to salaried class on tax slabs and standard deduction

Ronit Kawale
July 23, 2024

Finance Minister Nirmala Sitharaman has announced a significant series of income tax reforms for FY 2024-25, aimed at simplifying tax laws, promoting compliance and boosting economic growth. The Finance Minister highlighted the strong adoption...

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Proposal to cut customs duty on gold, silver, platinum in Union Budget
Business & Economy

Proposal to cut customs duty on gold, silver, platinum in Union Budget

Ronit Kawale
July 23, 2024

Finance Minister Nirmala Sitharaman on Tuesday proposed to reduce customs duty on gold and silver to 6 per cent and on platinum to 6.4 per cent to promote value addition in precious metal jewellery....

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