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Investments by Foreign Portfolio Investors in 14-year and 30-year tenor bonds shall now be under the investment limits prescribed by the Reserve Bank.
"The higher public spending wasn't just a post-Covid recovery thought. Will continue with the capex," FM Sitharaman said at the Open House.
The new medium-term fiscal consolidation path has been linked to a reduction in debt-to-GDP ratio instead of merely focusing on progressively targeting a narrower fiscal deficit target. Given this shift, the plan is to steadily reduce gross market borrowings, which was at Rs 7.1 lakh crore in FY20, the last 'normal' year prior to the pandemic.
"This LTCG increase will impact only the people with higher income as per our study,” Sanjay Malhotra told Moneycontrol in an interview.
L&T CFO said that while multilateral funding is available, projects need credibility. The private sector will invest if the conditions for growth are enabling, with necessary policies, clearances, and joint commitments in place.
The Budget allocated a whopping Rs 10,000 cr for interventions and monitoring of prices of essential commodities-anticipating high food inflation
Modi 3.0 increased allocation for agriculture and allied activities from Rs140533 in 2023-24 to Rs 1.52 lakh cr .
CSR funds for interns, one-time DBT salary benefit for newcomers and loan finance are among incentives announced by FM
In order to develop the offshore wind energy space, a PLI of Rs 20,000 crore is required for Indian OEMs with in-house R&D, said JP Chalasani.
The Indian Meteorological Department had forecast that India is set to receive above-normal monsoon rains this year. The monsoon is, however, not progressing as the IMD predicted before the monsoon season began.
We would rather be pleasantly surprised than be forced to face disappointment which is why we are projecting a GDP growth rate of 6.5-7 percent, said the CEA.
According to the survey, infrequent bans or restrictions on food exports may also allow domestic consumers to substitute, especially if the agricultural commodities in question are not essential consumption items such as food grains.
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.
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
The survey noted that changes in trade policies by major partners and geopolitical developments can affect India's export opportunities and market access.
The survey quoted a PwC report, saying by 2028, the country is poised to have 2100 GCCs, up from around 1,600 in 2023.
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 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
The network offers cost-effective benefits to restaurant partners, easing the burden of high fees charged by dominant aggregators, according to the Economic Survey
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.
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!
Lowering import tariffs and a host of other measures can help enhance India’s GVC participation
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
A mix of compliance reforms, expansion of existing schemes, imparting clarity to old announcements and digitalisation of administration will be transformative
A Goldman Sachs report raises intriguing questions that could prompt global economies, including India, to review their tech spends
