What can the Finance Minister do for India’s climate change action in Budget 2024-25?
Given India's climate commitments and the urgent need for action, the industry and experts hope that the Finance Minister announces incentives and policy measures to accelerate energy transition and clean energy adaptation.
Tackling Climate Change: The real issue lies in finding the money
The moot question that emerges from the Economic Survey 2023-24's assessment of India's fight against climate change is how soon and how effectively the government can address the challenges of reducing emissions
Export curbs, Red Sea crisis key risks to India's trade: Economic Survey
The survey noted that changes in trade policies by major partners and geopolitical developments can affect India's export opportunities and market access.
By 2030, GCCs will bring $121 bn in revenue, driving 3.5% of India’s GDP: Economic Survey
The survey quoted a PwC report, saying by 2028, the country is poised to have 2100 GCCs, up from around 1,600 in 2023.
India's inflation targeting framework needs a relook, suggests Economic Survey
These comments come at a time when India’s retail inflation rose to four-month high of 5.08 percent in June compared with 4.75 percent in the previous month as food inflation galloped to 9.4 percent due to a surge in prices of vegetables.
India's net electronics exports to US rises to $8.7 billion in FY24: Economic Survey
India should attract FDI from China to benefit from the West's China plus one policy and increase the country's share of global value chains, says Economic Survey
ONDC completed 68 million transactions since inception: Economic Survey
The network offers cost-effective benefits to restaurant partners, easing the burden of high fees charged by dominant aggregators, according to the Economic Survey
Allied agri activities are 'robust growth centres' to boost farm income
The survey tabled before the Parliament a day before the Union Budget said timely, cost-effective, and adequate credit has been a priority for the Centre.
Business in the Week Ahead (July 22-26, 2024)
From the Union Budget to the Economic Survey to an overdose of earnings, the next week is as action-packed as they come. With the stakes running high, you can’t afford to miss the action!
Will Union Budget 2024 up the stakes in the global value chain gamble?
Lowering import tariffs and a host of other measures can help enhance India’s GVC participation
Global Fund manager survey: The shape of things to come
More than a fifth of the participants in the Bank of America Asian fund manager survey are looking to forego China equities altogether and pursue opportunities elsewhere. The Japanese, Indian and Taiwan markets are big beneficiaries
Union Budget 2024: Needed, measures to reform indirect tax framework
A mix of compliance reforms, expansion of existing schemes, imparting clarity to old announcements and digitalisation of administration will be transformative
Will the hype and hoopla over AI spending finally pay off?
A Goldman Sachs report raises intriguing questions that could prompt global economies, including India, to review their tech spends
Can Xi Jinping keep a lid on China’s mounting social strains?
The authorities are increasingly concerned about rises in unemployment, mental illness and crime linked to the economic slowdown
Why RBI should resist the pressures to cut the repo rate
Retail inflation in June was 5.08 percent, the first time it has crossed the 5 percent mark since February. A real repo rate of below 2% when potential GDP growth is well above 5% runs the risk of being too stimulative
India-UK FTA — Will it be a Laboured deal or a Diwali delight?
The proposed free trade pact is stuck because of a few sensitive issues on which both sides need a pragmatic approach
Gig Workers and Large Companies: A symbiotic relationship under threat
As India's gig economy continues to grow, a focus on collaboration between companies and share holders is critical. It has been seen that parties with vested interest prey on this partnership for their own commercial benefits
The three reasons why India is unable to build quality public infrastructure
Public infrastructure has a key role to play in the economy and also have the benefits that they are tangibly visible to the voting public. But some key reforms are needed to improve their quality so they sustainably fulfil the main purpose for which they are built
Budget 2024: How capital gains tax can be used to optimise capital allocation
Uniform tax rate structure across financial instruments will allow investor to choose based on their risk-return trade-off, not tax concessions
Govt, RBI mull giving e-commerce players up to 15 months for FX payment realisation
Easing the RBI's FEMA guidelines in this regard would benefit e-commerce players which, in addition to selling directly to consumers, also export goods, store them in warehouses abroad, and sell them after a year or more
Budget 2024 wishlist of gems & jewellery sector: From EMI options for jewellery purchases to gold import duty cut
Last week, the industry leaders held a pre-Budget consultation meeting with Union finance minister Nirmala Sitharaman and other government officials
India may grant PLI-led visas for Chinese experts for only up to 6 months
The idea is to fast-track visas for Chinese technicians for shorter durations so that Indian workers can be trained by them on how to use the parts and machineries sourced from Beijing. This move comes amid delays in facilitating entry of such vendors involved in projects, especially ones pertaining to the PLI scheme.
Decoding Economics: The power of narratives
An NBER research paper says narratives may be a significant cause of the business cycle
Can the global tax deal shrug off inertia and move ahead?
In the absence of an agreement on Pillar 1, India and the US maintain the status quo on DST, deepening uncertainties for MNCs
