business and finance

Cheaper to live in India than US, UK and Germany: SBI report

If the household budget/ cost of living was Rs 100 in September 2021, it has increased by Rs 12 in both the US and India, but it has increased by Rs 20 in Germany and Rs 23 in the UK: Report




business and finance

Operating profit margin of 625 listed companies hits multi-year low

This, even as earnings jumped 27 per cent y-on-y, finds an ICRA study




business and finance

Make in Odisha summit: Investments worth over ₹5-lakh cr to flow into State

Govt launches new policy; aims to make the State a destination choice for industrial enterprises




business and finance

PFRDA wants Govt depts to fully adopt e-NPS method for onboarding new employees

Adopting ‘e-NPS Government’ method is necessary to align with goals of Centre’s Digital India program, PFRDA tells govt departments




business and finance

Civil Aviation Ministry notifies operational guidelines for drone PLI scheme

The PLI scheme will be only for the companies that are involved in the manufacture of drone and drone components in India




business and finance

I&B Ministry orders blocking of Pakistan-based OTT app Vidly TV

issued orders for blocking of website , apps and social media accounts of the platform




business and finance

India’s coal bed methane output expected at 759 MSCM in FY23

India’s coal bed methane production is estimated to grow to 1,072 MSCM in FY24 and 1,508 MSCM in FY25




business and finance

India imports 46.14 lakh tonnes of urea in Apr-Nov this fiscal

During the first eight months, urea production stood at 187 lakh tonnes




business and finance

More than 5.57 lakh cos struck off due to non-compliance with companies law provisions

A special task force has recommended the use of certain red flag indicators as alerts to identify shell companies




business and finance

Govt prepares draft to use Middleware for broadcasting TV channel content without Internet

Middleware can be used to deliver broadcast content to portable devices through Wireless LAN/WiFi




business and finance

ONDC may cover mobility, hospitality and travel sectors

Plans come at a time when traditional transport, hotel and restaurant sectors are up in arms against monopolisation of some aggregators




business and finance

India to become $10-trillion economy by 2035, forecasts CEBR

Its latest edition of the report released on Monday also warned that the world is moving toward recession




business and finance

Steel ministry identifies infrastructure gaps in 38 projects

Of these, there are 11 new projects, while 27 are existing ones, according to an internal report by the Ministry




business and finance

PFRDA pitches for doubling tax break for NPS subscribers in the upcoming Budget

For NPS subscribers, PFRDA seeks capital gains treatment on par with mutual funds industry for gains liquidated through Tier-II investments




business and finance

Government amends rules to place online gaming under MeitY

The appointment of MeitY as the central regulatory authority will provide clarity and certainty to investors, industry and consumers, says Federation of Indian Fantasy Sports




business and finance

Global headwinds, a challenge to India’s trade prospects in 2023

Successful implementation of FTAs, rupee trade, export schemes, PLI may provide relief




business and finance

Eyeing ethanol, sugar industry ramps up investments to improve cane yield

Move is part of ISMA’s efforts to divert sugar for ethanol production




business and finance

Eleven captive and commercial coal mines to begin production in FY23: IEA

IEA projects that India’s domestic supply will continue to grow in line with the steady increase in demand while also striving to reduce import dependency




business and finance

CPSEs hired more contractual staff in FY22; regular, women employees drop out

Total staff count up 2.74%, but still lower than pre-Covid levels




business and finance

Grid stability, solar PV manufacturing, discom dues to take centrestage in 2023

Transmission remains a challenge even as power demand rises




business and finance

ICAI bats for India Inc, pitches for 100% tax deduction for CSR expenses

Currently, CSR expenses made by India Inc are not treated as business expense, hence not allowed for IT deduction purposes




business and finance

In a relief for India Inc, MCA extends virtual AGMs till September 2023

Also, the MCA allowed companies to hold EGMs via video conference until September 30, 2023




business and finance

India exports ₹2,400 cr of jewellery to Australia under FTA

This is the second FTA with Australia in this year and has a lot of potential for exporting finished products as they are largely a raw material and intermediate producing country: Piyush Goyal




business and finance

Indian economy is confronting strong global headwinds: RBI

Declining tendency in GNPAs ratio is likely to continue




business and finance

Micro & small enterprises corner 55% of total orders placed on GeM portal

Procurement of goods and services from GeM has crossed ₹1-lakh cr so far this fiscal on account of an increase in buying activities by different ministries and departments




business and finance

India will be a global price setter in fertilisers by 2024: Mandaviya

‘We will bring down DAP prices to below the $650/tonne level this month’, he said




business and finance

110 mt of coal stocks to be maintained at mine pitheads, power plants by March 2023: Coal Secretary

For the first time, power plants on the western coast would receive coal through the coastal shipping route, he said




business and finance

Rural retail inflation in 23 States/UTs higher than urban

Experts say elevated rural inflation likely to hurt the rural economy, as the pricing power is not with the rural households




business and finance

Public, private sectors need to leverage synergy and think out-of-the-box, says PM Modi

Modi meets economists seeking suggestions for the Budget




business and finance

Car sales declined by 7% in December

But utility vehicle segment grew 23% year-on-year: SIAM data




business and finance

India-EU FTA: EU seeks ambitious commitments in government procurement, India resists

New Delhi unwilling to show flexibility in elements such as non-discrimination, dispute settlement




business and finance

WPI inflation cools to 4.95% in December

The Wholesale Price Index (WPI)-based inflation was 5.85 per cent in November 2022 and 14.27 per cent in December 2021




business and finance

Economic Survey sees India’s economic growth at 6-6.8% in FY24

With recovery from the pandemic complete, India is now positioning itself to ascend to the pre-pandemic growth path, says Survey




business and finance

Credit growth likely to be brisk in FY24 if inflation moderates: Survey

Growth in credit y-o-y since the January-March quarter of 2022 has moved into double digits




business and finance

Need to closely monitor CAD: Economic Survey

India’s current account deficit widens to 4.4 per cent of the GDP in the September quarter, from 2.2 per cent during the April-June period




business and finance

Inflation at 6.8% not too high to deter private consumption, investment: Survey

Inflation remains above RBI's upper tolerance level for 10 months since January 2022




business and finance

Home demand resilient, inventory overhang dips: Eco Survey

Housing prices are trending up on a pan-India basis, the Survey showed




business and finance

‘Sharp increase in Railway freight traffic indicative of strong revival in economic activity post-Covid’

Revenue-earning freight traffic for April–Nov period was saw an 8.3 per cent higher y-o-y at 976.8 million tonnes




business and finance

Rare earth elements and critical minerals will be next geopolitical battleground: Survey

Shift to clean energy will boost demand




business and finance

Economic Survey: Huge gap between expectation and reality, says Amit Mitra

Survey expects India’s GDP growth rate to be 7 per cent while Budget Estimate 2022-23 expects the same to be 9.2 per cent




business and finance

Economic Survey: States taking new initiatives to improve their revenue sources

Some measures include increasing property tax and power tariffs and privatising state public sector enterprises




business and finance

Strength of India intact, forex reserves swelled by $8 billion in last two days: FM

Nirmala Sitharaman said the regulators will do their job on the Adani issue




business and finance

Realtors see hit in demand at the lower end

In nine months, the repo rate has risen 250 basis points to touch a seven-year high of 6.5 per cent




business and finance

Global steel output declines 2.4% in April as China disappoints

Indian steel production up a notch year-on-year but lower than March output




business and finance

Strategic disinvestment: CBDT to exempt deemed taxation of difference in book value and fair value

Amends Rule 11 UAC(4) of the Income Tax Rules




business and finance

Wholesale inflation declines to 90-month low of -3.48% in May

WPI inflation trend to help retail inflation nearing RBI MPC’s target of 4%




business and finance

Karnataka CM Siddaramaiah to flag off bl’s MSME Growth Conclave

Event to unleash the growth potential of the sector; discussions to spark ideas




business and finance

A single adverse weather event such as El Niño may not be a threat to macroeconomic stability, RBI Bulletin

There were years when, despite El Niño, rainfall was close to normal and inflation remained benign; the officials




business and finance

India’s UPI is an exemplar for the world: Eswar Prasad

Global growth prospects look a lot less bleak now, says economist Eswar Prasad




business and finance

How a Dharavi-based housemaid inspired rural financial start-up Jai Kisan 

The digital financial services firm eyes onboarding 1 million farmers before fiscal end