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The Economic Times
The Economic Times Auto industry body seeks cut in two-wheeler GST; SIAM suggests three-level slabs based on fuel types
Society of Indian Automobile Manufacturers (Siam) has requested a reduction in GST rates on two-wheelers in India. They proposed different slabs for different types of two-wheelers to lower the rates. Siam also wants the removal of the 3% cess on high cubic capacity bikes.
The Economic Times SEBI imposes Rs 35 lakh penalty on PTC India’s Pawan Singh, Rajib Kumar Mishra for corporate governance lapses
In the order, Sebi WTM Ashwani Bhatia said, "While issuing the directions, I have considered that the present matter has not brought out any detail pointing to manipulation of the market or its abuse."
The Economic Times India’s retail inflation eases to 12-month low of 4.75 percent in May
India's retail inflation dropped to a 12-month low of 4.75 percent in May 2024, staying within the RBI's 2-6 percent target since September 2023, with food prices remaining a concern.
The Economic Times Bubble of all bubbles? US economist predicts a 2025 stock market crash, likely worse than 2008 crisis
Economist Dent warns of a 2025 stock market crash worse than 2008 crisis, attributing it to artificial bubble building post-Covid pandemic. He analyzes global economies, highlights economic devastation, and predicts a crash driven by inflated asset prices.
The Economic Times Industrial production declines to a three-month low of 5% in April
India's Index of Industrial Production (IIP) slowed to 5% in April, a three-month low from 5.4% in March, according to data from the Ministry of Statistics and Programme Implementation (MoSPI). The growth rate was 4.6% in April 2023, a decrease from the previous high of 11.9% in October 2023. The three sectors with the highest growth rates in April 2024 were Mining, Manufacturing, and Electricity.
The Economic Times Blanket 5% infra provisions to hurt both lenders and project viability: Banks to RBI
Bankers have said the norms be subsumed within new provisioning rules that will require lenders to pre-empt assessment on potential losses. “RBI is also in the process of finalising the expected credit loss (ECL) based provisioning guidelines,” said a senior bank executive. "So, there is a suggestion that these infrastructure norms be subsumed into those.”
The Economic Times Modi at G7 Summit under Italian Presidency: Consolidating strategic partnership
Several ministers from Italy visited India in 2023, for G20 related meetings and held bilateral meetings on the sidelines including the Italian Minister for Foreign Affairs & trade, Finance, Agriculture, Education and Culture Ministers. The Speaker and President of the Italian Senate and Chamber of Deputies participated in the P20 meeting last year. The Indian Foreign, Defence and Commerce & Industry Minister visited Italy last year.
The Economic Times India may lead the charge in global AI landscape: GitHub CEO
According to GitHub CEO Thomas Dohmke, India has the potential to surge to the forefront of the global AI landscape, driven by its rapidly expanding community of software developers. By 2027, this community is projected to surpass the United States as the world's largest, aligning with the transformative era of AI. Currently, India boasts 15.4 million active developers on the Microsoft-owned platform, marking a substantial 33% year-on-year growth.
The Economic Times RBI suffers system failure in automated system for banks’ liquidity management
The Reserve Bank of India faced a technical glitch in the ASISO facility, impacting funds visibility. Daily money market operations data publication was delayed. RBI is working to reconcile banks' outstanding lending or borrowing, ensuring SDF and MSF bids are managed effectively.
The Economic Times Budget 2024: All eyes on FM Sitharaman for next-generation reforms to sustain growth, create jobs
Union Budget 2024: As Nirmala Sitharaman returns to North Block, the NDA government is placing a strong emphasis on continuity. Her immediate priority is to prepare the comprehensive budget for FY25
The Economic Times World Bank revises India's FY25 growth forecast to 6.6%
The World Bank revised India's FY25 growth forecast to 6.6% from 6.4%, expecting India to remain the fastest growing economy, driven by public and private investment, and rising consumption.
The Economic Times Polls over, govt draws final sketch of 100-day action plan
Proposals that are likely to figure in the immediate agenda include widening support for electric mobility, facilitation measures for startups, steps to broaden power transmission and distribution capacity, finalisation of hydropower policy, addressing digital privacy concerns and execution of the Bharatiya Nyaya Sanhita, which is replacing the Indian Penal Code.
The Economic Times Aim to make Viksit Bharat by 2047: Commerce and industry minister Piyush Goyal
Commerce and industry minister Piyush Goyal aims to make India a Viksit Bharat by 2047, emphasizing new opportunities for youth. Goyal, who recently took charge for the second time, is focused on promoting economic growth and addressing challenges ahead.
The Economic Times Chinese-Indian JVs may get Govt nod, but with a rider
Government might consider permitting new Chinese-Indian JVs only if the Indian entity holds a majority stake. Several manufacturing initiatives, particularly in auto and electronics components, have faced delays over the past few years. However, with the government's revised stance and the successful conclusion of the JV between MG Motor India and JSW, discussions between these firms and Chinese counterparts have resumed.
The Economic Times IPO season is back with more than 2 dozen companies chasing Rs 30,000 crore
India's primary market anticipates a wave of IPOs with over two dozen companies planning to raise ₹30,000 crore. Investor confidence is high with the Modi government's return for a third term, ensuring stable governance and policies.
