Economy and Finance
News and views related to the Indian Economy and Financial sector
Modi govt planning to slash import duty of electric vehicles to 15% from 100% after Tesla proposal committing manufacturing in India, says report
A Reuters report says that Indian govt will cut import duty of electric cars to 15% if the companies commit to manufacturing in India
Himanta Biswa Sarma govt in Assam holds 100 cabinet meetings in 2 years & 4 months, over 98% of 1,238 decisions implemented
Raju Das -
The Assam government has held 100 cabinet meetings in just 2 years and 4 months, since the government came to power in May 2021.
Indian Economy to grow at 8.3% in the first quarter and 6.7% in FY24: What the SBI research says
SBI’s Chief Economic Advisor, Ghosh added that the first quarter of 2023-24 saw a huge increase in capital expenditure both by the centre (63%) and the states (41%).
BRICS bank plans to issue first ever Indian Rupee bond by October, plans to tap Indian market
The COO of NDB Vladimir Kazbekov said, "We're going to tap (the) Indian market - rupees - maybe by October in India.”
‘Udyam registration’ by Modi government helped in formalisation of MSMEs on large scale, reveals SBI Research
According to SBI Research, Udyam is now propelling the filing of Income Tax Returns (ITRs) by the MSMEs.
China faces ‘Lehman Moment’ fears as big investment firm misses payments
ANI -
The Wall Street Journal on Saturday reported that investors fearing a 'Lehman moment' in China are threatening the solvency of the country's financial system.
RBI Unveils UDGAM Portal to resolve the issue of unclaimed bank deposits, read how such deposits can be traced easily
Anyone can access the UDGAM portal to search for bank details, it only needs a phone number and some basic details like PAN, AADHAAR etc
No increase in EMIs as RBI maintains the repo rate at 6.5%, expresses concern over rising inflation
RBI paused the repo rates at 6.5 per cent for the third time in a row amid concerns over inflation.
Biggest Crypto-ponzi scam of India busted in Odisha, Bollywood actor Govinda had released promotional video of the company
The EOW officials found that the company was using popular terminology like green energy and solar technology to hide its scam.
Foxconn to invest $600 million in Karnataka to set up two plants to manufacture iPhone components and chipmaking equipment
Foxconn will invest $600 million, almost ₹5,000 crore, to set up two manufacturing plants in Karnataka.
