Category: economy

Imagine being in the heart of Japan, surrounded by the buzz of a high-stakes meeting where the future of investment and innovation is at stake. This was the scene as Karnataka’s Honourable Minister for Large, Medium Industries, and Infrastructure Development, MB Patil, led a high-level delegation on a mission to attract global companies to invest … Continue reading Karnataka’s Bold Push—MB Patil Courts Japanese Giants for Game Changing Investments

The proposal to establish the 8th Pay Commission aims to enhance the basic salary and dearness allowance (DA) for central government employees. The 8th Pay Commission’s due date is highly anticipated, marking a significant milestone in the financial betterment of government staff. West Bengal: A Powerhouse of MSME Innovation and Employment West Bengal, a thriving … Continue reading 8th Pay Commission—Immediate Action Needed to Boost Central Government Employees’ Salaries

In a decisive move, the central government has imposed stock limits on tur and chana, effective immediately and lasting until September 30. This measure, targeting wholesalers, retailers, big chain retailers, millers, and importers, aims to curb hoarding and speculative practices, thereby enhancing the affordability of these essential pulses for consumers. The Consumer Affairs Ministry, through … Continue reading Government Enforces Stock Limits on Tur and Chana Until September 30

The imperative for reform in India’s personal income tax regime looms large as we approach the Union Budget for 2024-25. The shift of domestic companies to a lower tax bracket five years ago has notably increased pressure on individual taxpayers, who now bear the brunt of tax collections with peak rates surpassing 40 percent. This … Continue reading Revamping India’s Tax Landscape— Urgent Reforms for Fairness and Growth

Gujarat, a state renowned for its pioneering spirit in renewable energy, has embarked on an ambitious journey to bolster its transmission infrastructure. Recognizing the exponential growth in renewable energy capacity, particularly in wind and solar power, Gujarat Energy Transmission Corporation (GETCO) has committed a staggering ₹96,000 crore over the next eight years. This strategic investment … Continue reading Gujarat’s ₹96,000 Crore Power Play

In an extraordinary development, India’s importation of gold and silver from the United Arab Emirates (UAE) has surged by an impressive 210%, reaching a staggering $10.7 billion in the fiscal year 2023-24. This significant increase comes even as the nation’s overall imports experienced a decline of 9.8%, totaling $48 billion for the same period, according … Continue reading India’s gold and silver imports from UAE surged by 210% to $10.7 billion in 2023-24, according to GTRI.

In a strategic move poised to bolster its governance framework, One 97 Communications, the parent company of Paytm, has appointed the distinguished Rajeev Krishnamuralilal Agarwal as a non-executive independent director. This appointment follows the resignation of Neeraj Arora, who stepped down from the board due to ‘pre-occupation and personal commitments.’ Rajeev Agarwal, a former IRS … Continue reading Paytm Welcomes Rajeev Agarwal as Independent Director

The Reserve Bank of India (RBI) is projecting a robust GDP growth rate of 7.3% for the first quarter of FY25, demonstrating a continuation of the economic dynamism witnessed in the previous quarter, where GDP surged by 7.8%. RBI Governor Shaktikanta Das, speaking at a business event, emphasized the sustained momentum as evidenced by data … Continue reading RBI Forecasts Soaring 7.3% GDP Growth Amid Record Low CAD and Strategic Gold Reserves

In a decisive move to expand its technological prowess, Adani Group has earmarked an impressive $2-2.5 billion for strategic acquisitions within the defence sector over the next two to three years. This ambitious initiative underscores the group’s commitment to enhancing capabilities in unmanned systems, small arms, missile technology, and indigenous artillery. The group has strategically … Continue reading Adani Group’s $2.5 Billion Defence Takeover—Revolutionizing India’s Military Tech

NEW DELHI: The sweltering heatwave sweeping across India has precipitated a notable decline in diesel demand, with sales plummeting by 4% in June, according to preliminary data from state-owned enterprises released on Monday. Traditionally, fuel sales experience a surge during election periods; however, this year has defied historical trends, witnessing a consistent month-on-month decline even … Continue reading Diesel Demand Plummets Amidst Extreme Heat, Sales Decline by 4% in June