Economy
Govt mulls bailout for power utilities to retain stability amid high demand
This would be the first time since 2021 that the federal government has injected money to state power utilities, which cost the government $35 billion then
India must push 'zero for zero' strategy to address US tariffs threat: GTRI
GTRI suggested the government identify tariff lines (or product categories) where India can eliminate import duties for American imports
India's Feb biz growth hits 6-month high, driven by services: Flash PMI
Services sector's index climbed to 61.1 in February, its highest level since March of the previous year, compared to 56.5 in January
PM internship scheme: 6K interns in ONGC's plan for offshore, drilling jobs
"The number of operators in CBG is very low. Establishing cost and price reasonability is an issue, considering it is a new sector," the director said
Govt's electronics export goal faces US President Trump's tariff wall
The US is the largest market for India's electronics exports, accounting for 33 per cent of the total as of 2023-24 (FY24)
Govt readies steps ahead of likely bilateral trade deal with the US
Engaging with various departments, apprising them of sector-specific dynamics
Gujarat govt presents Rs 3.70 trillion Budget, no new tax proposed
Desai informed the House that the budget outlay of Rs 3,70,250 crore for 2025-26 indicates an increase of Rs 37,785 crore, or 11.3 per cent, compared to the previous fiscal
'India to become high-income nation by 2047 on back of services sector'
By 2047, the services sector is projected to make up 60 per cent of India's GDP, while manufacturing will account for 32 per cent, both becoming crucial drivers of economic growth
India's GDP growth rate to slow to 6.4% in 2025: Moody's Analytics
In its report titled 'Asia-Pacific Outlook: Chaos Ahead', Moody's Analytics said growth across the Asia-Pacific economy will slow in 2025 as trade tensions knock the region's fortunes
Govt removes caste, income restrictions for free coaching under PM-CARES
Originally launched during the Sixth Five-Year Plan, the free coaching scheme has undergone multiple revisions over the years to enhance its effectiveness
Rupee performed well due to strong forex reserves, says Piyush Goyal
He also said that a skill development centre and a startup incubation centre will come up at AURIC
Tax audit is the forte of chartered accountants: ICAI President Nanda
The finance ministry has asked the chartered accountants' body to review the new Income Tax Bill 2025 and suggest improvements
Net short position of RBI's forward book swells to $67.9 billion
REER moderates to 104.82 in January
Union Budget balances fiscal and growth objectives, says RBI report
According to the report, the budget reaffirms the government's commitment to fiscal discipline while fostering inclusive, long-term economic growth in line with the vision of Viksit Bharat
Economy on recovery path, rate cut to boost demand, says RBI report
Commenting that economic momentum is poised to be sustained, the report said strong rural demand is expected to receive a further fillip from the robust performance of the agriculture sector
US tariff hike may hit India's GDP growth by up to 0.6 pp: Goldman Sachs
This forecast considers various scenarios, including the US government's planned reciprocal tariffs in early April and the price elasticity of US demand for Indian exports
Govt faces an uphill task in providing social protections to gig workers
While Budget 2025 laid out plans to provide health insurance to gig and platform workers, awareness of government initiatives remains low among the target group
Sectoral growth, tech to power India's $23-35 trn 'Economic Vision': Report
By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent
US reciprocal tariffs to have limited impact on Indian economy: S&P
S&P believes that the government will meet its fiscal deficit target of 4.8%and 4.4% for the current and the next fiscal
GDP growth during current fiscal estimated to be 6.3%: SBI research
The report said that a healthy rural economy is reinforcing stability and sustains momentum in other sectors
