The Morning Show, Ep 1: Jet Airway, Indian economy, and the middle class

13 hours, 9 minutes ago

Policymakers, economists pin hopes on government spending to propel economic recovery amid sluggish growth

After two consecutive quarters of sluggish economic growth, policymakers and economists are banking on a turnaround in the second half of the fiscal year, driven by increased government spending, a boost from the ongoing festive season, and resilient rural consumption. Economists note that while India is expected to retain its status as the fastest-growing major economy over the next five …

Global India Policy Growth Inflation Economic Growth Economic

2 weeks, 5 days ago

Mind economy's interest before Revenue's: Sanjay Malhotra to tax officials

Live Mint

New Delhi: Cautioning tax officials to not kill the goose that lays the golden egg in the process of tax collection, revenue secretary Sanjay Malhotra told a gathering of officials that they need to be careful not to hurt the economy’s interests in the hunt for revenue. “This is a very positive development for the industry—it signals the government's intention …

India Revenue Officials Trillion Collection Cbic Malhotra

4 weeks, 1 day ago

Stock Market Today: Sensex, Nifty 50 rally 1% each on Maharashtra poll outcome; investors mint ₹7 lakh crore

Live Mint

Indian stock markets ended another day in the green, with the BJP and its allies securing a decisive win in the Maharashtra state elections. The broader market saw sharp gains as well, with the Nifty Midcap 100 index rising by 1.61%, settling at 55,902 points, while the Nifty Smallcap 100 index recorded a similar gain of 2.09%, closing at 18,127 …

Market Maharashtra Nifty Bjp Yoy Psu

1 month ago

Tax breaks, reforms, and returns: Why NRIs are banking big on India

Live Mint

India is cementing its reputation as a prime destination for global investors, with inflows into NRI deposit schemes surging to $7.8 billion between April and August this year—more than double the figure from the same period last year. By refining tax rules, increasing transparency, and aligning with global trends, the reforms position India as an attractive and efficient investment destination …

India Financial Tax Investment Reforms Indian Capital

1 month, 3 weeks ago

Market Uncertainty Looms as Sensex Approaches 100,000 Milestone

Live Mint

The Sensex is expected to touch the 100,000 milestone in March 2025, with some analysts optimistic about the outlook for retail investors. However, the market faces challenges with global economic uncertainties and a slowdown in FPIs inflows. The survey also highlights the importance of considering the banking and financial sectors as still undervalued, with private banks potentially benefiting from the …

Law Finance Markets Retail Investors

3 months, 2 weeks ago

Land, labour, agri law reforms needed for growth: RBI Governor Shaktikanta Das

New Indian Express

MUMBAI: The Reserve Bank Governor Shaktikanta Das on Thursday said the country’s growth story remains intact with consumption and investment demand growing in tandem, and emphasised that past reforms need to be augmented by reforms in land, labour and agricultural markets. He also sounded sanguine about the economy growing at the projected 7.2% this fiscal and that the Q1 poor …

Economy Growth Rbi Das Law Reforms

3 months, 3 weeks ago

Disbursement of ₹1333 crore incentives: Yogi government injects booster dose, business world promises more investment

Hindustan Times

In a major push to investment, chief minister Yogi Adityanath on Friday disbursed incentives of over ₹1333 crore to 32 companies and distributed Letters of Comfort for about ₹4500 crore to 11 industrial units at a special programme at Lok Bhavan here. As this also marked the resolution of the Samsung issue, which was lingering for six to seven years, …

Uttar Pradesh Investment Samsung Incentives State Crore His Company

4 months, 4 weeks ago

A green wealth tax in Union Budget 2024: Data

The Hindu

This article appeared in The Hindu’s print edition on the day of the Budget presentation, 23 July 2024 Today, the new government will present its maiden Budget, which needs to deliver on two critical issues confronting the common people — unemployment and inequality. Chart 2 plots the ratio of expenses incurred by the Indian elite and an average Indian across …

Tax Wealth Budget Indian Chart Elite Igd

5 months ago

Union Budget 2024 India: Sensex, Nifty Take Big Hit As Govt Hikes Capital Gains Tax

ABP News

Union Budget 2024 India: The two key equity benchmarks, Sensex and Nifty, slumped lower during the Budget presentation as Indian investors will need to allocate a larger chunk of their earnings to taxes as the government raises both short- and long-term capital gains taxes. Finance Minister Nirmala Sitharaman, presenting her seventh Budget in Parliament on Tuesday, announced that the Long …

Finance India Tax Budget Indian Capital Capital Gains

5 months ago

Economic Survey 2024 data presents a cherry-picked view of economy: Congress

The Hindu

Alleging that the Economic Survey tabled in Parliament on July 22 presented a “cherry-picked view” of the economy with “fudged” data, the Opposition parties criticised the government, saying the document once again shows that the BJP government is disconnected from reality. The Economic Survey might present a cherry-picked view of the economy, but we hope that tomorrow’s Budget faces up …

Congress Economic Survey Economic Survey

5 months ago

Cong jabs Modi government over Economic Survey: ‘Cherry-picked view of economy’

Hindustan Times

The Congress on Monday called the Economic Survey 2024 tabled by finance minister Nirmala Sitharaman as a ‘cherry-picked view’ of the Indian economy. The Economic Survey 2023-24 presents a cherry-picked view of the economy, but we hope that tomorrow’s Budget faces up to the country’s realities,” Congress general secretary Jairam Ramesh posted on X while sharing his statement on the …

India Congress Economic Survey Cong Economic Survey Cent Ramesh

5 months ago

Top Events of the Day: FM Nirmala Sitharaman to table Economic Survey 2023-24; Zensar Tech, Coforge Q1 results, and more

Live Mint

Top Events of the Day: On July 22, Finance Minister Nirmala Sitharaman will table the Economic Survey 2023-24. Q1FY25 results to be announced On July 22, several prominent companies, including Coforge, Cyient DLM, Jana Small Finance Bank, Zensar Technologies, Mahindra Logistics, IDBI Bank, Indian Overseas Bank, Suzlon Energy, and UCO Bank, are scheduled to release their Q1FY25 financial results. Economic …

Economic Survey Minister Ipo Nirmala Sitharaman Q1Fy25 Fm Nirmala

5 months ago

Budget 2024 Expectations: Will Nirmala Sitharaman announce tax relief?

Hindustan Times

July 19, 2024 11:59 AM IST Budget 2024 Expectations Live Updates: Rajat Agrawal - CEO - Barista Coffee, said, “The Indian retail sector stands at a critical juncture, seeking support from the Govt on various counts which renews consumer confidence. Tax Cuts: Planned Reduction in individual income tax rates, especially for middle-income earners, could boost disposable incomes and drive spending. …

5 months, 1 week ago

’Middle class bearing more weight than corporates’: Congress slams Centre over taxation policy ahead of Budget 2024

Live Mint

Congress leader Jairam Ramesh attacked the government on Sunday over the taxation in the country, saying that "the middle class continues to bear the weight of heavy taxation." In a post on X, Ramesh said, ".data has just been released that gross personal income tax collections amounted to ₹3.61 lakh crore during April 1-July 1 2024, while gross corporate tax …

Corporate Congress Manmohan Singh Private Investment Personal Income Tax Taxation Policy Total Tax Collection

5 months, 1 week ago

Wall Street Week: Bessent Sees ‘Alarming Signs’ Under the Hood

Bloomberg

Welcome to the Wall Street Week newsletter, giving you some investing food for thought from our conversations on Bloomberg Television with some of the best minds on Global Wall Street. I'm David Westin, and this week we talked with Scott Bessent of Key Square Group on the economics of a Trump return to the presidency, to Kathryn Judge of Columbia …

Trump

5 months, 2 weeks ago

New UK government faces tough economic challenge

Hindustan Times

Britain's new Labour government has pledged immediate action to grow the economy after clinching a landslide election victory to oust the Conservatives, but its task could be hampered by strained state finances following huge Covid expenditures. New UK government faces tough economic challenge The centre-left Labour administration led by Prime Minister Keir Starmer has promised investment in key areas such …

Change Labour Economic Britain Starmer

6 months, 2 weeks ago

Business News Live: Sensex, Nifty Pare Gains; Trade Flat Amid Volatility

ABP News

Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. Elaborating on the outlook, Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, stated, “Now the Lok Sabha elections and the RBI policy decision are settled, attention now turns to global factors. Key areas to watch include the US Fed interest rate decision, the rupee's movement against the dollar, …

Indian Investors Nifty Trade

8 months ago

Govt has made policies to make India attractive for investment: Nirmala Sitharaman

Hindustan Times

After American tech billionaire Elon Musk postponed his India visit due to his “heavy obligations” at work, Union finance minister Nirmala Sitharaman said the government has tailored policies to make India an attractive hub for manufacturing and services, especially in the light of industries expressing concerns about China. Especially after China Plus One started being a concern for many industries…we …

India China Gujarat Nirmala Sitharaman Services Sitharaman

9 months ago

Real GDP growth may hit 8% this fiscal year, signals FinMin

The Hindu

India’s economy may well end up growing by about 8% this fiscal, outstripping the 7.6% real GDP growth projected by the National Statistical Office, the Finance Ministry signalled on Friday, citing the continuing momentum in economic activity in the ongoing final quarter of 2023-24. Despite risks such as “hardening crude oil prices” and “global supply chain bottlenecks to trade”, the …

India Inflation Ministry Nso

9 months, 2 weeks ago

Sunak insists economy ‘on the right track’ ahead of Budget

The Independent

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

Brexit

10 months, 2 weeks ago

Union govt lays White Paper comparing Indian economy during 10-year UPA and NDA govts

Op India

Finance Minister Nirmala Sitharman on Thursday laid a White Paper on the Indian economy in the Lok Sabha. The White Paper gives a ‘before and after’ account of the economy, comparing the economy during the 10-year UPA rule with the 10-year NDA rule. Union Finance Minister Nirmala Sitharaman lays on the Table a copy of the 'White Paper on the …

India Economy Indian Economic Lok Sabha Upa White

10 months, 3 weeks ago

Uttar Pradesh to benefit most from interim budget, says state’s finance minister Suresh Khanna

Hindustan Times

Uttar Pradesh is likely to get ₹2,18,816.84 crore as its share in central taxes in the financial year 2024-25, the state’s minister for finance Suresh Khanna said here after Union finance minister Nirmala Sitharaman presented the interim budget in Parliament on Thursday. Suresh Khanna said Uttar Pradesh will benefit the most from the interim budget as the state will have …

Finance Uttar Pradesh State Minister Khanna Suresh Nirmala Sitharaman

10 months, 4 weeks ago

Dramatic moment ABC News Breakfast's Lisa Millar brutally cuts off Treasurer Jim Chalmers over Anthony Albanese's Stage Three tax cut broken promise

Daily Mail

ABC News Breakfast host Lisa Millar has grilled Treasurer Jim Chalmers over Anthony Albanese's broken election promise on tax cuts - hammering him with the PM's own claim that his 'word is his bond'. Mr Albanese will use a National Press Club address today to outline his case for overhauling the Stage Three tax cuts, which he had repeatedly insisted …

Labor Tax Treasury Stage Falls Albanese Mr Albanese

1 year ago

Karnataka clears Foxconn’s total investment of ₹21,911 crore

The Hindu

Taiwan-based electronic manufacturer Foxconn’s total investment proposal of ₹21,911 crore in Karnataka was approved by the State High-Level Clearance Committee chaired by Chief Minister Siddaramaiah here on Tuesday. In all, the committee cleared investment proposals worth ₹34,000 crore that are expected to generate employment for 14,702 people. He said that while Foxconn initially had a proposal of ₹8,000 crore, the …

Proposal Crore Foxconn Total Investment

1 year ago

Karnataka will attract investment of ₹1.4 lakh crore annually: M.B. Patil

The Hindu

Karnataka has a mandate to capture investments to the tune of ₹1.4 lakh crore annually to boost the State’s economy, said Minister of Large and Medium Industries M.B. The State was aiming to position itself as a best-in-class investment destination in Asia for future technology and advanced manufacturing, and to achieve this, the government has initiated several strategic initiatives that …

Karnataka State Patil Strategic Investment Crore Annually

1 year, 2 months ago

Higher income, lower provisions lift IndusInd Q2 profit 22%

Live Mint

Private sector lender IndusInd Bank on Wednesday reported a 22% year-on-year rise in September quarter standalone net profit to ₹2,181.5 crore on the back of higher income and lower provisions. We have consistently communicated that our balance sheet construct, and the growth dynamics are able to withstand NIM volatility,” said Sumant Kathpalia, chief executive officer, IndusInd Bank. We have always …

Growth Bank Quarter Kathpalia Nim Indusind Q2

1 year, 2 months ago

Economic boost for Sunak - but fresh tax cuts calls erupt

The Independent

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Treasury minister Andrew Griffith said they were "not for the moment" when asked about the …

Tax Taxes Conservative Minister Westminster Email View Cuts

1 year, 4 months ago

Federal government dismissing calls for a major tax shake-up despite budget pressures

ABC

Sweeping tax reform any time soon has been ruled out, despite growing pressure on the federal budget identified in this week's Intergenerational Report. Key points: Jim Chalmers will release the full Intergenerational Report this week While the budget is currently in surplus, he is warning of tough times ahead But the government's appetite for an overhaul of the tax system …

China Tax Budget Report Intergenerational Report

1 year, 4 months ago

Morning Digest | Indian economy to grow at 6.1% in 2023, IMF projects; Opposition for no-trust vote against Narendra Modi government, and more

The Hindu

Names of 5 crore MGNREGS workers deleted in 2022-23, Minister informs Lok Sabha Rural Development Minister Giriraj Singh, in a written reply to the Lok Sabha, on July 25 informed that names of over five crore workers have been deleted under the Mahatma Gandhi National Rural Employment Guarantee Scheme in the financial year 2022-23. IMF projects Indian economy to grow …

Lok Sabha Imf Projects Indian

1 year, 6 months ago

Riding the momentum: The Hindu Editorial on National Statistical Office’s economic data and the economy

The Hindu

The National Statistical Office’s provisional estimates of national income for the 12 months ended March and quarterly GDP estimates for the fourth quarter posit a picture of an economy that sustained momentum last year despite headwinds. Gross value added numbers for the fourth quarter point to a broad-based uptick in growth from the preceding three months, with the umbrella utility …

Sector Quarter Gva

1 year, 9 months ago

Morning Digest | Congress to give 50% reservation to women, youth in all party positions; India, U.K. Finance Ministers agree to make further progress on FTA, and more

The Hindu

Congress economic resolution identifies job creation as the cornerstone of policy making The Congress, terming employment generation as the core and foundation of its draft economic resolution, said that India’s “new economic vision and action will be recrafted from the current obsession with capital and move more towards labour”. PM makes a cultural outreach by glorifying Kannada and Kannadigas Two …

Karnataka Meghalaya Economic Fta Finance Ministers India Congress Further Progress

1 year, 10 months ago

BJP MPs seek clarity on tax regime, cut in MGNREGS allocation

The Hindu

BJP MPs on Friday interacted with Union Finance Minister Nirmala Sitharaman on the merits and demerits of the new and old income tax regimes at a briefing here on the Union Budget, which was tabled in Parliament on Wednesday. Members from both the Lok Sabha and the Rajya Sabha were present at the briefing on the Budget, the last full …

Finance Budget Bjp Nreg Bjp Mps Seek Clarity

1 year, 10 months ago

Budget 2023: Major highlights from Finance Minister Nirmala Sitharaman’s speech

Live Mint

Nirmala Sitaraman candle and her angle to budget is the capex of 10,00,000 crore in 2023-24 with decrease in fiscal deficit of just 5.9%, much less as compared to previous 6.4% and more to this is the confidence of the finance minister, confidence that she will bring it down to 4.5% by next year. You will also be thrilled to …

Budget Indian

1 year, 10 months ago

Union Budget 2023: What Modi Govt's New Tax Regime Has In Store, Gain Or Pain?

The Quint

The Union Budget speech of Finance Minister Nirmala Sitharaman highlighted seven key priority goals as the “Saptarishis guiding through the Amrit Kaal” for this year’s fiscal outlay map: a) Inclusive Development; b) Last Mile Development; c) Infrastructure and Investment; d) Green Growth; e) Youth, and f) Financial Sector. Key fiscal numbers were kept in line with the broader market expectations …

Tax Revenue

1 year, 10 months ago

Amrit Kaal: Know biggest takeaways from Budget 2023-24

Firstpost

Union Finance Minister Nirmala Sitharaman made several big announcements while presenting the Budget 2023-24 on Wednesday New Delhi: Union Finance Minister Nirmala Sitharaman made several big announcements while presenting the Budget 2023-24 on Wednesday. 2- 22 hundred crore rupees in the budget for horticulture schemes 3- Agricultural loan of 20 lakh crores 4- Innovation and research for pharmaceutical, curriculum for …

Tax Budget Crore Lakh Emphasis Tourism Scheme

1 year, 10 months ago

Budget 2023 live | Income tax relief, sops for women, scheme for artisans, and more

The Hindu

Finance Minister Nirmala Sitharaman on February 1 raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections. Ms. Sitharaman’s …

Budget Sitharaman

1 year, 10 months ago

#Incometax trends on Twitter after Nirmala Sitharaman's Budget 2023 speech. Best memes

India Today

Finance Minister Nirmala Sitharaman presented the Union Budget 2023 in Parliament today. This year’s budget comes at a time when India’s economy faces challenges from a host of global factors; a steep rise in inflation and a possible GDP growth slowdown in the financial year 2024. However, the finance minister announced some relief for taxpayers as she proposed a new …

Budget Income Tax Lakh 2023 Speech Memes Finance

1 year, 10 months ago

Budget 2023 Updates: FM offers no relief for crypto industry as 30% flat tax continues

India Today

The 2023 Union Budget has brought with it great news for the middle class with a revised tax slab offering income tax concessions to the middle class. Finance Minister Nirmala Sitharaman announced a flat 30 percent tax on crypto in the previous budget which wasn't revised during this year’s session. Not good for our country and those building in this …

India Tax Crypto Indian Updates Fm

$Citizens\' expectations of the budget$

1 year, 10 months ago

Citizens\' expectations of the budget

Deccan Chronicle

With Union finance minister Nirmala Sitharaman all set to present the Budget on Wednesday, experts speak of their expectations. With India preparing to increase its spending towards the public health expenditure sector to 2.5 per cent of GDP by 2025, this sector can see a record increase. Nabhan Mahmood, real estate businessman Our recommendations to the ministry of finance include …

India

1 year, 10 months ago

DC Edit | Will poll-eve Budget put a cap on inflation?

Deccan Chronicle

On the eve of the Union Budget day, finance minister Nirmala Sitharaman completed the pre-Budget ritual of tabling the Economic Survey in the Lok Sabha. From a bird’s eye view, the Survey exudes confidence about the course of the Indian economy — the country will continue to be the fastest growing major economy, albeit slowing down its pace a little, …

Inflation Budget Economic Interest Rates Survey Rbi

1 year, 10 months ago

After 'smart recovery' from Covid, what do MSMEs expect from Budget 2023

Hindustan Times

The micro, small and medium enterprises sector has posted smart recovery from pandemic-induced shock, with the goods and services tax paid by the sector in fiscal year 2022 exceeding the pre-pandemic level in FY20, the Economic Survey tabled in parliament on Tuesday noted. The Economic survey highlighted Covid had a significant negative impact on the sector’s performance. Economic survey highlighted …

India Budget Survey Covid Sector Cent Msme

1 year, 10 months ago

Budget 2023 Expectations LIVE Updates: FM Expected to Announce Tax Benefits for Salaried, Middle Class

News 18

Budget 2023 Expectations: 'Healthcare Budget For Moving Towards Value-Based Care Model' Apurva Sule, Chief Business Officer, Heaps Health, said, “The National Health Authority, in its most recent announcement, plans to introduce a new system wherein the performance of the hospitals empaneled with the central flagship scheme Ayushman Bharat Pradhan Mantri Jan Arogya Yojana will be graded on value-based health care …

Health India Healthcare Market Industry Tax Budget

1 year, 10 months ago

Budget Expectations 2023: Top-5 Income Tax Rule Changes Likely To Be Announced By FM

News 18

Budget 2023 Expectations: Fintech Players Aim To Play A Pivotal Role In Rural India Deepak Aggarwal, Co-Founder and Co-CEO, Moneyboxx, said, “With 65% of population residing in rural India and largely dependent on agriculture and allied sectors, fast and sustainable growth in the sector has long-lasting implications for inclusive growth. Doing the above will not only increase customer adoption and …

Education India Growth Financial Tax Financial Services Indian

1 year, 11 months ago

Budget 2023: Why govt should consider tax relief despite limited fiscal room

India Today

An incremental tax relief in the upcoming Union Budget 2023 could help the central government provide consumption support to the Indian economy in FY24 and shield it from the worsening financial environment in the West. Recently, global economic experts, including International Monetary Fund Deputy Managing Director Gita Gopinath, noted that an inflation-driven price shock could disrupt the lives of people …

Tax Consumption Tax Relief

1 year, 11 months ago

Explained | Is the economy driving with the brakes on?

The Hindu

The story so far: At this time last December, India’s economy was on the cusp of a fledgling recovery from the COVID-19 pandemic, though the Omicron variant posed fresh speed bumps for the rebound. As JP Morgan managing director and India chief economist Sajjid Chinoy explained at a CII economic policy summit last week, 2022 was expected to see a …

India Economy Ukraine Russia Pandemic Inflation Budget

2 years ago

DC Edit | Promising signs in economy

Deccan Chronicle

The RBI governor Shaktikanta Das-led Monetary Policy Committee hiked the repo rate by 35 basis points to 6.25 per cent — the fifth straight increase in the current cycle since May 2022 — as it seeks to fight global uncertainty and uncomfortable levels of inflation. The RBI governor’s post-policy meeting comments hint that the central government remains focused on inflation, …

Economic Growth Edit Promising

2 years, 1 month ago

From the India Today archives (2016) | Demonetisation 2016: Was it pain or gain?

India Today

The usually bustling vegetable and fruit market under the Maharashtra Agriculture Produce Market Committee at Vashi in Navi Mumbai wears a desolate look on Saturday, November 19. Various agencies have estimated black money at roughly 20 per cent of India's GDP, at over Rs 30 lakh crore. But the move, unprecedented as it was, has also badly hit several sectors …

India Mumbai Money Black Indian Black Money Pain

2 years, 3 months ago

DC Edit | Direct tax kitty hints at economic revival

Deccan Chronicle

The direct tax collection numbers released on Sunday are yet another indication of economic revival in the country. Of this, the cumulative advance tax collections till date grew by 17 per cent indicating a better performance of businesses in the country. If one correlates the growth in the size of the Indian economy and its corresponding direct collection by taking …

India Tax Crore Direct Cent Lakh Collection

2 years, 3 months ago

Monthly economic review | India’s growth to be sustained by consumer spending rebound

The Hindu

A sharp rebound in consumer spending and rising employment will sustain economic growth in India in the months ahead, the government said in its monthly economic review for August published on Saturday. The report also said high levels of foreign exchange reserves, sustained foreign direct investment and strong export earnings have provided a reasonable buffer against monetary policy normalisation in …

India

2 years, 6 months ago

Sitharaman says India’s fundamentals sound because of steps taken by govt

Live Mint

Finance minister Nirmala Sitharaman on Wednesday said India’s fundamentals are sound due to several steps taken by the government such as reducing corporate tax, ensuring that the economy is greatly digitized and bringing in the Goods and Service Tax and bankruptcy code. Citing a study, Sitharaman said the Pradhan Mantri Garib Kalyan Yojana reduced the probability of borrowing money significantly …

India Sitharaman Gst

The Morning Show, Ep 1: Jet Airway, Indian economy, and the middle class

Discover Related