Economic Times
Manufacturing activity decreased to 57.5 in May from 58.8 in the previous month due to heatwaves and rising costs, as per a private survey by HSBC. Th
Indian Prime Minister Narendra Modi is planning business-friendly measures if he secures a third term, aiming to boost domestic manufacturing by easin
In the interim budget in February, the government had set the FY25 fiscal deficit goal at 5.1% of GDP and revised the FY24 target to 5.8%. However, th
The Indian economy grew 8.2% in FY24, more than a percentage point higher than the previous year’s growth of 7%, according to data released last wee
Soaring temperatures and elections impacted loan collections in May, with lenders experiencing a drop in efficiency. They expect a rebound with the on
"By increasing the provisioning from 0.4% to 5%, project viability will be the biggest impediment as interest cost will increase which is turn will in
The letter was written after the board noted that many tax officers were abusing the exceptional case clause, initiating recovery proceedings before t
India will hike road toll charges across the country by 3-5% from Monday, officials said, after putting the annual increase on hold in April due to th
The commerce and industry ministry may propose a dedicated policy for deep tech startups in the forthcoming Budget, to be announced by the new governm
India will continue to be the world’s fastest-growing economy and the Indian-corporate world has its hopes up as it expects the next government to c
The Reserve Bank of India is unlikely to cut the benchmark interest rate in its upcoming monetary policy review amid inflation challenges and improvin
India's chances of soverign rating upgrade is likely high. Exit polls predict Narendra Modi's BJP-led NDA will secure a third term with a significant
The CBIC has authorized Principal Commissioners or Commissioners to demand GST dues within three months of a demand order if necessary for revenue. Ge
The Unified Payments Interface (UPI) network, operated by the National Payments Corporation of India (NPCI), has achieved a significant milestone by p
In May, the Centre collected Rs 1.73 lakh crore in GST, a 10% annual increase. This is down from April's record Rs 2.1 lakh crore. The growth stemmed
India's agricultural markets are under scrutiny as a new government prepares to take office, potentially impacting global food prices. Prime Minister
India's agricultural markets are under scrutiny as a new government prepares to take office, potentially impacting global food prices. Prime Minister
In absolute terms, the FY24 fiscal deficit stood at ?16.54 lakh crore, down from the revised estimate of ?17.35 lakh crore and FY23 level of ?17.38 la
This is the highest annual growth since FY17, excluding the 9.7% post-Covid rebound in gross domestic product (GDP) in FY22 after the 5.8% contraction
"India's very fast growth rate is an extremely important factor in the ratings and supports our economic assessment. It's also giving us more confiden
