Economy News

Cancer drugs -- Trastuzumab deruxtecan, Osimertinib and Durvalumab -- to get exemption from customs duty

In a big relief to cancer patients, Union Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2024, exempted customs duty on three cancer drugs.

Jul 23, 2024

Union Budget 2024: What becomes costlier now?

With Finance Minister Nirmala Sitharaman announcing a major reduction in customs duty on cancer drugs and mobile phones, it is set to considerably bring down their prices in the market. The three cancer drugs are Trastuzumab deruxtecan, Osimertinib and Durvalumab.

Jul 23, 2024

Assessments to be reopened beyond 3 years only if escaped income is more than Rs 50 lakh

An assessment can be reopened now only when it's beyond three years from the end of the assessment year and if the escaped income is Rs 50 lakh or more.

Jul 23, 2024

Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism

Budget 24-25: FM all set to present her 7th Budget with major reforms

The Union Budget is unlikely to leave any subject that was not under focus during the recent elections

Jul 23, 2024

Monsoon Session of Parliament begins today

Monsoon Session of Parliament: A Confluence of Debate and Decision

Key bills to be presented include the Bharatiya Vayuyan Vidheyak, 2024, and the Disaster Management (Amendment) Law Bill. The opposition, led by Congress, plans to challenge the government on issues such as public examination irregularities, price rise, and unemployment.

Jul 22, 2024

Economic Survey 2023-24: Economy continues to expand, inflation largely under control

The Centre on Monday tabled the Economic Survey 2023-2024 in the Lok Sabha. The survey presented by Finance Minister Nirmala Sitharaman and prepared by the Economic Division under the Ministry of Finance provides a detailed analysis of the economic performance for the fiscal year 2023-24.

Jul 22, 2024

India's inflation rate 5.6% higher than most other nations: Bank of Baroda

Retail inflation at 5.4 pc in FY24, lowest since pandemic: Economic Survey 2023-24

Timely policy interventions by the government and the Reserve Bank of India's (RBI) price stability measures helped retail inflation stand at 5.4 per cent -- the lowest since the pandemic

Jul 22, 2024

Economic Survey pegs India's GDP growth rate at 6.5-7 pc for 2024-25

The Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday projects India's GDP growth rate at 6.5 to 7 per cent for 2024-25 as it sees the economy on a strong wicket.

Jul 22, 2024

Luxury homes worth crores selling like hot cakes in India this year

Aligned with the continuous momentum in the real estate industry, the sale of houses costing Rs 4 crore and above went up 27 per cent in the first half of this year.

Jul 20, 2024

Paytm share price sees positive momentum, as firm announces Q1 FY25 results

In a wider trend when stock prices of domestic technology majors are down by 2-2.7 per cent, One 97 Communications, the parent company that operates the brand Paytm, has seen an upward trend, after the firm announced its financial results for the first quarter of FY 2025.

Jul 20, 2024

Stock Market Down, Bear Market, Bearish, Sensex Down

Selloff frenzy grips Indian stock markets, investors lose Rs 8 lakh crore

The Indian equity market witnessed a sharp selloff on Friday, following weak global cues and profit booking on higher levels.

Jul 19, 2024

LIC shares witness huge support, records 78% surge in one year

India's largest insurance company, LIC's shares railed 78 per cent over the last one year, following strong operational performance or positive sentiment for PSU shares among the investors.

Jul 18, 2024

Union Budget: Electronics players pitch for support to local TV manufacturing

Electronics manufacturers on Thursday urged the government to prioritise comprehensive support for the local manufacturing of electronics, including the television industry, on the lines of mobile devices.

Jul 18, 2024

India records robust services sector growth in June, hiring at 2-year high

ADB on same page with other global agencies, forecasts robust growth in India's industrial sector

The Asian Development Bank (ADB) has kept India's growth forecast unchanged at 7 per cent in 2024-25 as it sees the country as the fastest growing economy with robust growth in the industrial sector and a rebound in agriculture due to a better monsoon.

Jul 17, 2024

Up to six months' imprisonment for publishing certain kinds of export/import info

Indian exports remain resilient in Q1 FY25

Indian exports remained resilient in the first quarter of current fiscal (FY25), as core export goods such as drugs and pharmaceuticals, engineering goods, organic and inorganic chemicals and readymade garments exhibited positive growth.

Jul 17, 2024

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Economy News

Cancer drugs -- Trastuzumab deruxtecan, Osimertinib and Durvalumab -- to get exemption from customs duty

Union Budget 2024: What becomes costlier now?

Assessments to be reopened beyond 3 years only if escaped income is more than Rs 50 lakh

Budget 24-25: FM all set to present her 7th Budget with major reforms

Monsoon Session of Parliament: A Confluence of Debate and Decision

Economic Survey 2023-24: Economy continues to expand, inflation largely under control

Retail inflation at 5.4 pc in FY24, lowest since pandemic: Economic Survey 2023-24

Economic Survey pegs India's GDP growth rate at 6.5-7 pc for 2024-25

Luxury homes worth crores selling like hot cakes in India this year

Paytm share price sees positive momentum, as firm announces Q1 FY25 results

Selloff frenzy grips Indian stock markets, investors lose Rs 8 lakh crore

LIC shares witness huge support, records 78% surge in one year

Union Budget: Electronics players pitch for support to local TV manufacturing

ADB on same page with other global agencies, forecasts robust growth in India's industrial sector

Indian exports remain resilient in Q1 FY25

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