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The Economic Times
The Economic Times Govt seeks Par nod for Rs 44,143 cr extra spending in FY25
The Indian government is seeking parliamentary approval for an additional ₹44,143 crore in spending for the current fiscal year. Increased allocations for agriculture, fertilizer subsidies, and defense are the primary drivers of this supplementary demand. Despite the increase, experts believe the fiscal deficit target remains achievable due to anticipated savings in other areas, particularly capital expenditure.
The Economic Times We should not be overly concerned about imports as long as exports' share grows: Commerce Secretary
Commerce Secretary Sunil Barthwal emphasised India's focus on export share growth over import concerns, advocating against protectionism. He highlighted the importance of imports for a growing economy and called for mobility of professionals, not migration, in free trade agreements. Barthwal also stressed the role of education and services in India's increasingly open economy.
The Economic Times MyBharat digital platform to offer job, business opportunities: Mansukh Mandaviya
Union Minister Mansukh Mandaviya announced that the MyBharat digital platform will become a one-stop shop for jobs, training, and business opportunities. He emphasized the government's youth-centric approach and its commitment to building a "Viksit Bharat" aligned with young people's aspirations.
The Economic Times India's exports to cross USD 1 trillion in next 2.5 years: Piyush Goyal
Union Minister for Commerce and Industry Piyush Goyal on Thursday expressed optimism about India's economic growth, projecting that the country's exports will surpass USD 1 trillion within the next two to two-and-a-half years.
The Economic Times India, EU aiming for balanced, ambitious comprehensive and mutually beneficial FTA: Piyush Goyal
India and the EU are working towards a mutually beneficial Free Trade Agreement, aiming to boost trade and economic ties. Commerce Minister Piyush Goyal emphasised the importance of a balanced deal, acknowledging both parties' sensitivities.
The Economic Times India's retail inflation eases to 5.48% in November, driven by fall in vegetable prices
India's retail inflation eased to 5.48% in November, driven by a decline in food prices, particularly vegetables, following the arrival of fresh produce, offering relief after October's high inflation rate.
The Economic Times India on track to achieve 6.5-7% growth this fiscal: CEA
Speaking at the Global Economic Policy Forum 2024, organized by the Confederation of Indian Industry (CII) under the theme 'Decadal Priorities for the Global Economy', Dr Nageswaran highlighted the importance of sustaining long-term growth while navigating global economic uncertainties.
The Economic Times IIP grows 3.5% in October, up from 3.1% a month ago
India's Index of Industrial Production (IIP) grew by 3.5% in October 2024, up from 3.1% in September 2024. This positive growth was driven by strong performance in key sectors like basic metals, electrical equipment, and refined petroleum products. Eighteen out of 23 industry groups showed year-over-year growth, indicating broad-based industrial expansion.
The Economic Times Nissan appoints Jérémie Papin as CFO
Stephen Ma, the current CFO, will transition to the role of Chairperson of the Management Committee for China.
The Economic Times India needs $2.2 trillion investment on infra to become 7$ trillion economy by 2030: Report
India needs a $2.2 trillion infrastructure investment to reach a $7 trillion economy by 2030. Private participation has fallen sharply, necessitating radical measures to boost investment. Increased private investment will ease the burden on government spending and support broader economic growth. Renewable energy, data centers, and logistics are key sectors for private investment.
The Economic Times Indian retailers state that introduction of a 35% GST slab and pricing-based rate structure will have adverse impact
The Indian Sellers Collective has urged the Finance minister and GST Council to reject the GoM's recommendations on GST rate rationalisation. They argue a new 35% slab and pricing-based structure will harm retailers, increase compliance issues, and fuel a parallel economy, ultimately benefiting Chinese producers at the expense of Indian businesses.
The Economic Times Cabinet approves 'one nation, one election', likely to bring comprehensive bill
The Union Cabinet has approved the "One Nation, One Election", a significant move aimed at streamlining the electoral process. A comprehensive bill is expected to follow this decision, paving the way for unified elections across the nation.
The Economic Times Siemens Energy appoints Harish Shekar as CFO
The current CFO, Vineet Rastogi, will assume the role of Head of Accounting and Controlling at the company.
The Economic Times ADB and NaBFID collaborate to address the funding gap of India's infrastructure sector
The initiative is designed to address the substantial funding gap in India's infrastructure sector. The collaboration also includes the provision of credit lines through ADB-facilitated private sector investments to support innovative projects that foster sustainable and inclusive growth across India.
The Economic Times Indian economy will be of USD 7trn even if grows conservatively and USD 9 trn if grows aggressively: Finance Commission Chairman
India's economy is on track to surpass the USD 7 trillion mark by 2030 even under the conservative growth estimates, according to Arvind Panagariya, Chairman of the 16th Finance Commission.
