Economy News

Dubai launches its economic agenda 'D33' for the next 10 years; sets ambitious goals [details]

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, launched the Dubai Economic Agenda 'D33' with the ambitious goals of doubling the size of Dubai's economy over the next decade and consolidating its position among the top three global cities.

Jan 5, 2023

Reliance Industries (RIL) Chairman Mukesh Ambani

Despite economic headwinds, India to become a $40 trillion economy by 2047, says Mukesh Ambani

State Bank of India, on September, suggested that India will become the third-largest economy by 2029

Jan 2, 2023

'Open court hearing on Oct 12', SC on SEBI's review petition against RIL

Demonetisation: SC affirms Centre's action in 2016

Pronouncing the majority judgment, Justice Gavai said that the decision-making process cannot be faulted merely because the proposal emanated from the Central government.

Jan 2, 2023

Forex reserves fall by $691 million to $562.808 billion as of Dec 23

India's foreign exchange reserves fell by $691 million to $562.808 billion as on December 23, while Indians' overseas financial assets fell $43.9 bn in July-Sep period

Dec 31, 2022

Goldman Sachs joins other giants to cut 4K jobs, cites global economy's downturn

The boss of Goldman Sachs has told staff that he will make job cuts early next month, as the US investment bank seeks to improve its profits amid concerns over the global economy, the media reported

Dec 30, 2022

Income tax exemption limit likely to be enhanced to Rs 5 lakh in 2023-24 budget

The government is likely to enhance the income tax exemption limit to Rs 5 lakh from the existing Rs 2.5 lakh in the forthcoming budget for 2023-24, sources privy to developments said

Dec 29, 2022

Credit offtake in elevated levels: CARE Ratings

The credit offtake in India remained at elevated levels of 17.5 per cent year-on-year (YoY), reporting robust growth for the fortnight ended December 2, said credit rating agency CARE Ratings.

Dec 27, 2022

Financial literacy poor across urban, rural population in country: RBI survey

A general perception is that most of the rural population is not well-versed in digital banking in India.

Dec 27, 2022

Comptroller and Auditor General (CAG) of India

CAG report discloses irregularities in corporation tax assessments of certain 'high value' cases

The CAG recommended application of incorrect rates of tax and surcharge, errors in levy of interest, excess or irregular refunds etc. point to weaknesses in the internal controls in the ITD, which need to be addressed.

Dec 22, 2022

GST Council 48th Meeting: Small traders allowed on e-commerce platforms; Biofuel now in 5% slab

The GST Council approved the amendments allowing unregistered suppliers and composition taxpayers to make intra-state supply of goods through E-Commerce Operators (ECOs)

Dec 17, 2022

Proposed amendments to insurance laws may lead to disputes in health claims, misappropriation: Unions

The proposed amendment to the definition of health insurance business is not exhaustive and may lead to disputes at the time of claims, said four unions in the Life Insurance Corporation of India (LIC).

Dec 17, 2022

UK Economy: Massive strikes to hit Britain during Christmas season

With more than 40,000 members of the National Union of Rail, Maritime and Transport Workers (RMT) walking out for 48 hours. Three more weeks of disruption are set to follow,

Dec 17, 2022

India's growth expected to slow in 2023-24 amid indications of sharp global slowdown

India's GDP growth is on course to print close to 7 per cent this year in 2022-23, foreign brokerage, JP Morgan said in a report

Dec 16, 2022

Future of Real Estate Sector in 2023 shows positive momentum

The Indian real estate sector has remained faithful to investor expectations through the many ups and downs in the last couple of years, writes Harrish Kumar Jain, Vice President of Brihanmumbai Developers Association

Dec 15, 2022

Shrinking Economy? Japan logs trade deficit for 16th consecutive month

Japan logged a 2.03 trillion yen ($14.95 billion) trade deficit in November, a record for the month and marking the 16th straight month of red ink, amid higher energy prices and a weaker yen, the Finance Ministry said in a report on Thursday.

Dec 15, 2022

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Economy News

Dubai launches its economic agenda 'D33' for the next 10 years; sets ambitious goals [details]

Despite economic headwinds, India to become a $40 trillion economy by 2047, says Mukesh Ambani

Demonetisation: SC affirms Centre's action in 2016

Forex reserves fall by $691 million to $562.808 billion as of Dec 23

Goldman Sachs joins other giants to cut 4K jobs, cites global economy's downturn

Income tax exemption limit likely to be enhanced to Rs 5 lakh in 2023-24 budget

Credit offtake in elevated levels: CARE Ratings

Financial literacy poor across urban, rural population in country: RBI survey

CAG report discloses irregularities in corporation tax assessments of certain 'high value' cases

GST Council 48th Meeting: Small traders allowed on e-commerce platforms; Biofuel now in 5% slab

Proposed amendments to insurance laws may lead to disputes in health claims, misappropriation: Unions

UK Economy: Massive strikes to hit Britain during Christmas season

India's growth expected to slow in 2023-24 amid indications of sharp global slowdown

Future of Real Estate Sector in 2023 shows positive momentum

Shrinking Economy? Japan logs trade deficit for 16th consecutive month

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