Economy

2023 income inequality exceeded 1950s levels in India, says report

The Gini coefficient measures the extent to which the distribution of income among individuals or households within an economy deviates from a perfectly equal distribution

Demand buoyancy pushes services PMI to 4-month high of 59.3 in December

The higher demand supported output growth and prompted firms to recruit additional workers

Railways ministry spends 76% of FY25 capital expenditure by December

The ministry has spent Rs 1.91 trillion from the gross budgetary support, Rs 824 crore from external resources, and Rs 8,733 crore from extra-budgetary resources on infrastructure creation

Trade unions urge FM to prioritise jobs, 8th Pay Commission, MGNREGA boost

The unions further demanded an increase in the income tax exemption rebate limit to Rs 10 lakh per annum and a social security scheme for gig workers

Jobs, growth, demand in focus as FinMin concludes pre-Budget talks

The Union Budget for FY 2025-26 assumes significance as it comes on the back of lower than expected growth numbers in the second quarter and geopolitical uncertainty

Gujarat HC provides relief, says no GST on transfer of state land leases

The court's decision not only alleviates the financial strain on affected businesses but also addresses long-standing concerns regarding double taxation

Industry seeks extension of RoDTEP scheme to SEZs, EOUs till Sep-end

Currently, the RoDTEP scheme for exports from the domestic tariff area (DTA) or the domestic market is in place until September 30

For goods sent abroad for repairs, no tax implication based on value

The facility to import components under EPCG scheme for assembly or manufacture of capital goods by the importer was available earlier but has been discontinued since 2004

DPDP Act's long gestation period raises questions about its efficacy

The DPDP Act comes with a long gestation period. What does that mean for its efficacy?

Outlook 2025: Govt capex, safeguard duty key to steel sector performance

The monthly average price for December 2023 was Rs 55,000 per tonne while for December 2024, it stood at Rs 46,900 per tonne

Saudi oil giant ups crude prices for Asian buyers amid tightening supply

The world's top oil exporter Saudi Aramco announced its first crude oil price hike in three months

UP govt's new export policy to provide additional benefits to exporters

The proposed policy would introduce several incentives for exporters, especially in the food processing, handicrafts, and One District One Product sectors

India's services PMI hits 59.3 in December, ending 2024 on a high note

Services PMI December 2024: Underlying demand identified as the primary factor behind output growth, says HSBC India Services PMI, compiled by S&P Global

'Digital timepass' is India's 'lying flat': How boredom became a business?

In smaller Indian cities and towns, where opportunities for advancement are few and dwindling, the nounis emerging as something of a social and cultural phenomenon

Weakening rupee may not be shot in the arm for India's pharma exporters

The rupee has been hovering above Rs 85 mark vis-a-vis the US dollar in the recent past

India's FY25 GDP growth likely to remain in 6.4-6.8% range: Experts

Rural demand, services sector may lift H2 showing

Commerce Min, Indian mission officials to hold talks to boost exports

Besides Commerce Secretary Sunil Barthwal, Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Amardeep Singh Bhatia would also address the officials

Now-defunct Dhanalakshmi scheme improved outcomes for girl-child: Study

A new study by US-based researchers finds widespread social change and that preference for a girl child continues even after discontinuation of the schemed

Statsguru: India's forest and tree cover at 25.17% of total land area

Forest fire detections saw a considerable drop from the 2020-21 cycle. Odisha and Madhya Pradesh witnessed the bulk of forest fire incidents

Working on strategy to push growth of exports in goods, services: Goyal

In 2024-25, the exports are expected to cross $800 billion. It was $778 billion in the previous fiscal year