Economy

10 Feb

PM Narendra Modi flags off 2 Vande Bharat trains from Mumbai

Business CorrespondentEconomy, Science & Tech, Tech Byte

On friday two Vande Bharat trains were officially inaugurated by PM Modi, one will operate between Mumbai and Solapur and the other between Mumbai and Shirdi. The event was held in Mumbai, with, Maharashtra CM Eknath Shinde, Union Railways minister Ashwini Vaishnaw and deputy CM Devendra Fadnavis. “For the 1st time 2 Vande Bharat trains launched. They'll connect financial centres like Mumbai & Pune to centres of our devotion. It'll benefit college-going & office-going people, farmers & devotees”, the prime minister said.

31 Dec

Financial Stability Report Released by RBI

editorEconomy

The 26th edition of the money Stability Report was discharged by the Reserve Bank of India on December 29. The reserve bank depository money concern banking of India publishes a financial stability report (FSR) each 2 years (RBI). The report reflects the Sub-Committee of the money Stability and Development Council’s (FSDC) collective analysis of the money system’s resilience and vulnerabilities to money stability.The findings of the strain tests, that square measure revealed during this issue of the FSR, show that, ought to they occur, even extraordinarily severe stress circumstances, banks would be able to survive them. Credit risk macro stress…

29 Dec

India, Australia Economic Cooperation and Trade Agreement comes into force from 29 December

editorEconomy

India, Australia Economic Cooperation and Trade Agreement comes into force from 29th Dec. India and Australia signed the Economic Cooperation and Trade Agreement (ECTA) on the 2nd of Apr 2022. ECTA is that the initial trade agreement of Bharat with a developed country when quite a decade. The agreement encompasses cooperation across the complete gamut of bilateral economic and business relations between the 2 friendly countries.Under this trade agreement, Indian exports can get pleasure from advantageous zero-duty market access in Australia for a hundred per cent of its tariff lines. It'll profit India’s labor-intensive sectors like gems and jewelry, textiles,…

27 Dec

Global Recession 2023: According to the Centre for Economics and Business Research (CEBR)

editorEconomy

The report predicts that India’s economy will reach $10 trillion by 2035 and rank third globally by 2032. Since the US is one of the great superpowers, a mild or deeper recession will eventually have worldwide repercussions. The crisis ultimately grew and spread into a global economic shock, manifesting itself in a number of European bank failures, drops in several stock indices, and significant falls in the value of the Indian market. Given that Indian businesses had significant outsourcing agreements with US clients, a slowdown in the US economy was undoubtedly terrible news for India. Over the years, India’s exports…

24 Dec

India’s growth projection for FY23 has undergone three decreases, starting from 9% in January of this year

editorEconomy

IMF decreases FY23 India’s GDP growth forecast: In lightweight of lower-than-anticipated output within the second quarter and additional sluggish external demand, the International money (IMF) reduced India’s growth prediction for FY23 from seven.4% forecasted in Gregorian calendar month to six.8%. India’s growth projection for FY23 has undergone 3 decreases, ranging from Sept. 11 in January of this year.According to the World Economic Outlook (WEO), that was printed in Washington, DC, India’s growth is foreseen to any decelerate in FY24, reaching 6.1%. Solely Asian country is projected by sto develop at a bigger rate than Asian nation in 2022, at a…

22 Dec

Institute for Competitiveness and Social Progress Imperative

editorEconomy

Social Progress Index (SPI) for States and Districts created by the Institute for fight and Social Progress Imperative was submitted to Economic consultive Council- Prime Minister and free. Supported the SPI scores, states and districts are hierarchal underneath six tiers of social progress.Tier 1: terribly High Social Progress; Tier 2: High Social Progress; Tier 3: higher Middle Social Progress; Tier 4: Lower Middle Social Progress; Tier 5: Low Social Progress; and Tier 6: terribly Low Social Progress.SPI could be a comprehensive tool which will function a holistic live of a country’s social progress at the national and sub-national levels. The…

19 Dec

GST Appellate Tribunals, tax rate applicable on gutkha and pan masala

editorEconomy

The 48th product and repair Tax (GST) Council meeting at the capital urban center on seventeen Dec has all over with none choices on the extremely anticipated GST legal proceeding Tribunals, charge per unit applicable on gutkha and pan masala.Threshold limit of for launching of GST offences raised to 2 Crores except just in case of pretend invoices. Five-hitter GST alkyl group Alcohol applicable to blending fuel Decriminalized sure offences of Obstruction of services by officers, failure to produce data etc. E-Com Portals will offer product of Unregistered Suppliers. No Claim Bonus offered by Insurance corporations doesn't attract GST. No…

07 Dec

The US dollar has been surging for the past few months

editorEconomy

The global economy appears headed for a severe recession and parallels ar being drawn with the worldwide money crisis of 2008 and therefore the retardation caused in 2020 by the Covid-19 pandemic. tons of hope that any serious natural event are often averted rests on a high degree of fine standardisation of policy which can be tough to deliver.The U.S.A. greenback has been billowing for the past few months. It’s currently the strongest it's been in twenty years, and specialists believe the worth can grow even stronger within the returning days. However this surge within the price of the facility…

06 Dec

India will be the first country in the world to receive $100 billion from remittances during 2022

editorEconomy

India are the primary country within the world to receive $100 billion from remittances throughout 2022, the planet Bank has same. Although remittances to the remainder of the South Asian countries declined by 100 percent, it rose by twelve-tone system in India’s case.Remittances to South Asia grew associate degree calculable three.5% to $163 billion in 2022, however there's giant inequality across countries, from India’s projected twelve-tone system gain — that is on course to achieve $100 billion in receipts for the year — to Nepal’s four-dimensional increase, to associate degree combination decline of 100 percent for the region’s remaining countries,”…

23 Nov

British and Indian parliaments

editorEconomy

Australia’s Parliament passed bilateral trade agreements with Asian country and Great Britain, exploit those partner nations to bring the deals into force. The bills simply gone by the House of Representatives and also the Senate created them law.The deals ought to be legal by the individual British and Indian parliaments before they become. Neither nation has however done that. The deals area unit crucial for Australia to diversify its exports from the troubled Chinese market to Asian country and to Britain’s ought to forge new bilateral trade relations since it left the ecu Union.