BMC expects to miss property tax collection target in 2023-24 by Rs 1500 crore
A proposal to keep property tax rates unchanged for 2023-24 was pending before the Maharashtra cabinet and a decision was expected on Monday, after which the civic body will issue property tax bills, municipal commissioner Iqbal Singh Chahal said.
US employers added surprisingly robust 353,000 jobs in January in further sign of economic strength
The rate at which Americans are quitting their jobs, considered a reliable predictor of wage trends, has slowed to pre-pandemic levels.
Forex reserves increase $591 million to $616.7 billion
The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year.
Rupee rises 7 paise to close at 82.91 against US dollar
Finance Minister Nirmala Sitharaman on Thursday hiked capital expenditure by 11 per cent for the next fiscal to sustain a world-beating economic growth rate while trimming the deficit in a reform-oriented interim budget.
India in talks about bilateral investment treaties with several countries to boost foreign inflows, says FM Sitharaman
Computer software and hardware, trading, services, telecommunications, automobiles, pharmaceuticals, and chemicals are among the primary sectors that draw FDI to India.
The full Budget in July must flesh out the Rs 1 lakh crore lending scheme for sunrise sectors
Who will actually give these loans? What are the sunrise sectors? What kind of entrepreneurs and companies will qualify?
Signalling continuity of reforms in Budget should give investors comfort
The soft assumptions on gross domestic product (GDP) growth, tax growth and revenues gives the economic numbers far more legitimacy than was expected
Budget puts aquaculture sector in steady waters
Under the PMMSY, the government aims to double the aquaculture exports to nearly Rs 1 lakh crores
India-UK FTA — A political imperative or an economic necessity?
Indian and British officials are engaged in hectic parleys to clinch a trade deal before the two nations go to the polls this year
MC Interview | India demand will be strong, Netherlands will see recovery from the current quarter: Tata Steel MD
The company will miss its target to reduce debt by $1 billion in fiscal year 2023-24 by a mile, TV Narendran told Moneycontrol.
Govt working on SEZ reforms, says commerce secretary
Stating that the target of achieving USD two trillion exports by 2030 is possible, Barthwal said that USD one trillion will be forthcoming from merchandise exports and another USD one trillion from services.
Dollar holds ground ahead of key U.S. inflation data
The dollar index, which measures the greenback against a basket of six major currencies, was last broadly flat on the day at 103.55.
Rupee settles 1 paisa higher at 83.11 against US dollar
The unit oscillated between an intraday low of 83.14 and a high of 83.08 and finally settled at 83.11 (provisional) against the dollar, 1 paisa higher from its previous close.
Why 2024 can be the year of bond revival
The possibility of rate cut and the probability of improvement in fiscal math augur well for bond trade
China Economy: Hong Kong is facing a repeat of 1998 Asia financial crisis
As a small open economy, Hong Kong is vulnerable to financial contagion and capital flights. Since 2009, hot money has flown in to be closer to China, just as it did in the 1990s en route to Southeast Asia. People nowadays question the city’s viability as a financial centre, reminiscent of the prevailing sentiment in the aftermath of the 1997 handover
Electronics — Let the export edge give impetus to local manufacturing
A spurt in electronics exports should be leveraged to focus on measures and strategies that help cut trade deficit in this sector
Wall St inches higher, Treasury yields gain as S&P 500 inches closer to record high
These robust indicators dampened expectations that the Fed would start cutting its key policy rate as soon as March, while also providing assurance that the U.S. economy was under no immediate threat of recession.
Forex reserves jump $1.63 billion to $618.9 billion
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.
Rupee ends higher, but snaps two-week winning streak
A reassessment of rate cut expectations in the United States supported the dollar this week and led to a rise in U.S. bond yields, aided by strength in U.S. economic data.
India must sustain growth momentum, secure at least 7% growth in FY25 - RBI bulletin
The RBI also noted the pressure on global supply chains due to the recent attacks on commercial ships in the Red Sea trade route, necessitating rerouting via the Cape of Good Hope in South Africa.
RBI calls upon internal ombudsmen to give inputs for enhancing processes
As part of the Reserve Bank's continuing engagement with regulated entities, the second Conference of Internal Ombudsmen on the theme 'Orchestrating Customer Delight through an Empowered Internal Ombudsman', was held in Mumbai on January 16, 2024.
Weak earnings, fading US rate cut hopes drag Indian shares
Strong December U.S. retail sales data dampened early rate cut expectations, heightening pressure on IT companies that rely on the U.S. for a significant share of their revenue.
Oil prices rise on strong IEA and OPEC demand estimates
Oil’s range-bound trading in recent days reinforces the narrative that investors are shrugging off concern that tankers may be at risk from attacks in the Red Sea, said Ehsan Khoman, analyst at bank MUFG.
A power-packed plan that needs political will to work
Smart meters, efficient discoms key to round-the-clock electricity supply
