The Finance minister Nirmala Sitharaman said on Tuesday that Prime Minister Narendra Modi’s likely third term will be marked by “more governance and less government”, with a continued thrust on an investment-led and inclusive growth strategy, and welfarism that seeks to uplift the poor. It will also be marked by policies for “greater foreign direct investment […]
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To regulate the public offers of small and medium enterprises (SMEs), SEBI along with market exchanges has decided to switch on the screw. The move is in response to concerns over misuse of a dedicated listing platform started in 2012 that was meant to ease small businesses’ access capital markets. The regulator may consider raising […]
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India’s oil demand is expected to grow to 5.80 million barrels per day in 2025, up 4.1% from the 5.57 million barrels per day projected in 2024. The cartel highlighted that the growing demand will be supported by increased consumption of gasoline and other petroleum products on the back of growing economic activity. Healthy economic […]
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The share of the US in India’s total exports continuously declined from a high of 21.7 per cent in 1998-99 to a low of 10.1 per cent in 2010-11. Notwithstanding India’s efforts to diversify its merchandise exports, the country’s dependence on the US for its outbound shipments has increased over the past 13 years by […]
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Rerefer to the CBIC Circular No. 204/16/2023-GST dated October 27, 2023 on the issues pertaining to taxability of personal guarantee and corporate guarantee and whether it is applicable for such guarantees given before the date of the circular. The circulars only clarify or convey the understanding of the CBIC about the existing legal position. So, they […]
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The number of unique mutual fund investors is up from 37.9 million in April 2023 to 45.2 million in April 2024, an increase of 19.3 per cent. A poor experience early in their investment journey could turn many of these newcomers off equities for a long time, which is why they must enter the market […]
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New Delhi: Despite headwinds, Indian exporters are looking at a 10-15% increase in goods exports, with some estimating overall exports to touch $900 billion this year, compared with around $780 billion during the last financial year. In fact, exporters and govt were eyeing $900 billion exports last year as well, but weak demand in the […]
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Shri Chandrakant Salunkhe Salunkhe, Founder & President, SME Chamber of India & Maharashtra Industry Development Association has given the best wishes to Shri Piyush Goyal the candidate from North Mumbai for his grand victory in the forthcoming Lok Sabha election and also supported him to get a large number of votes from the members of […]
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New Delhi: Private sector capital expenditure is likely to see a gradual expansion amid expectations of high growth though geopolitical uncertainties and tepid consumption remain a concern, say economists. CII’s business confidence index touched a 12-quarter high in Q4FY24, with 51% of firms expecting capacity utilisation of 75% and above. Moreover, 71% expect an improvement […]
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India’s industrial production growth rate dipped to 4.9% in March 2024, down from 5.7% in February. Despite this, the Index of Industrial Production (IIP) for FY24 recorded a modest increase to 5.8%. India’s industrial production growth rate decelerated to 4.9% in March 2024 compared to 5.7% in February, as per data from the Ministry of Statistics and Programme Implementation. […]
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