Economy News

Demat accounts rise to 171 million in August, up 4 million

India witnessing 30 mn new demat accounts annually, 1 in 4 now a women investor

India is seeing at least 30 million new demat accounts being opened every year since 2021, and nearly every one in four is now a women investor, indicating an increasing prevalence of using capital market as a channel of financialisation of savings

Dec 23, 2024

Explained: Key recommendations of 55th GST Council meet

55th GST Council meet Decisions: What You Need to Know

The 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, brought forth a series of key recommendations. The meeting, held in Jaisalmer, Rajasthan, was attended by Union Minister of State for Finance, Pankaj Chaudhary, along with Chief Ministers of Goa, Haryana, Jammu and Kashmir, Meghalaya, and Odisha, as well as Deputy Chief Ministers from Arunachal Pradesh, Bihar, Madhya Pradesh, Rajasthan, and Telangana. Senior officials from the Finance Ministry, including those from the Economic Affairs and Expenditure Departments, were also present.

Dec 22, 2024

SEBI takes strict action in front running case, bars 9 entities, seizes over Rs 21 crore

Market regulator, the Securities and Exchange Board of India (SEBI) has taken strict action in a front-running case, banning PNB Met Life Insurance Company's equity dealer Sachin Bakul Dagli and eight other entities from the stock market.

Dec 22, 2024

Woman flyer says Air India left passengers in the lurch in Milan

A woman passenger, who paid Rs 50,000 for a business class Air India ticket from Milan to Delhi, was left stranded in the Italian city overnight due to an 18-hour delay in the flight and ended up missing an important ceremony that was part of her sister's wedding.

Dec 22, 2024

World Bank okays $800 million loan for developing Amaravati

The World Bank's Board of Executive Directors has approved the $800 million Amaravati Integrated Urban Development Programme, aimed to establish the city as a well-managed, climate-resilient growth centre in Andhra Pradesh that generates jobs and improves the lives of its current and future residents.

Dec 20, 2024

India Post Payments Bank opens 2.68 crore accounts in 2024, 59 pc belong to women

India Post Payments Bank (IPPB) opened 2.68 crore accounts in 2024 (till November), with 1.56 crore or 59 per cent being owned by women and 77 per cent accounts being opened in rural parts of the country

Dec 20, 2024

Making cement, plastic and steel contributes to 37 percent of greenhouse gas emission

Indian cement industry poised for robust recovery in 2nd half of FY25

The Indian cement industry is projected to see a robust recovery in the second half of FY25, driven by pent-up demand, a rebound in government capex and sustained momentum in the real estate and housing sectors.

Dec 20, 2024

PLI scheme achieves Rs 1.46 lakh crore investment, FDI inflows up 26 pc

From achieving Rs 1.46 lakh crore in investment under the product-linked incentive (PLI) scheme to 26 per cent increase in FDI inflows (year-on-year) in Q1 this fiscal (FY25), the Department for Promotion of Industry and Internal Trade (DPIIT) said on Friday that it has played a pivotal role in 2024 in building a self-reliant and globally competitive India.

Dec 20, 2024

India's renewable energy projects record 63 per cent jump in investment: Report

Project finance flowing into renewable energy projects recorded a 63 per cent jump in 2023 compared to 2022 levels, to scale the Rs 30,255 crore ($3.66 billion) mark, according to a report by the Centre for Financial Accountability.

Dec 20, 2024

NITI Aayog rolls out S.A.F.E. housing roadmap for industrial workers to boost growth in manufacturing sector

NITI Aayog on Thursday released a comprehensive report on the crucial role of secure, affordable, flexible, and efficient (S.A.F.E.) accommodations for industrial workers in boosting India's manufacturing sector.

Dec 20, 2024

Forget bank holidays, Vijay Mallya's tweeting on workday now; says "I'm entitled to..."

Further defending himself, Vijay Mallya, deemed a financial fugitive of India, claimed that there is no conclusive evidence even after nine years that he has fraudulently obtained loans from banks

Dec 19, 2024

India tops list of recipient countries for remittances with $129 bn inflow in 2024

India tops the list of recipient countries for remittances in 2024 with an estimated inflow of $129 billion. The growth rate of remittances this year is estimated to be 5.8 per cent.

Dec 19, 2024

Small-time vendors in Chandigarh anguished over GST hike move on tobacco products

Small-time vendors in Chandigarh anguished over GST hike move on 'sin goods'

Chandigarh's Footpath Cycle and Rehri Fadi Workers Union opposes proposed 35% GST hike on "sin goods", citing income loss and potential smuggling, hurting legal sales.

Dec 19, 2024

17.80 lakh new employees enrolled under ESIC in October, a 3 pc growth

As many as 17.80 lakh new employees were enrolled under the Employees' State Insurance Corporation (ESIC) scheme during October this year.

Dec 18, 2024

Meghalaya Chief Minister Conrad K Sangma said the state is witnessing transformative growth

North-East gateway to vast Southeast Asian markets, Scindia tells investors

North-East is India's gateway to the South and investing in the region will give investors access to the vast Southeast Asian markets

Dec 17, 2024

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Economy News

India witnessing 30 mn new demat accounts annually, 1 in 4 now a women investor

55th GST Council meet Decisions: What You Need to Know

SEBI takes strict action in front running case, bars 9 entities, seizes over Rs 21 crore

Woman flyer says Air India left passengers in the lurch in Milan

World Bank okays $800 million loan for developing Amaravati

India Post Payments Bank opens 2.68 crore accounts in 2024, 59 pc belong to women

Indian cement industry poised for robust recovery in 2nd half of FY25

PLI scheme achieves Rs 1.46 lakh crore investment, FDI inflows up 26 pc

India's renewable energy projects record 63 per cent jump in investment: Report

NITI Aayog rolls out S.A.F.E. housing roadmap for industrial workers to boost growth in manufacturing sector

Forget bank holidays, Vijay Mallya's tweeting on workday now; says "I'm entitled to..."

India tops list of recipient countries for remittances with $129 bn inflow in 2024

Small-time vendors in Chandigarh anguished over GST hike move on 'sin goods'

17.80 lakh new employees enrolled under ESIC in October, a 3 pc growth

North-East gateway to vast Southeast Asian markets, Scindia tells investors

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react