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New Delhi, April 9 (SocialNews.XYZ) India has consistently shown strong resilience during global crises, not just surviving them but transforming and emerging stronger each time, Shaktikanta Das, Principal Secretary to the Prime Minister, said on Thursday. Speaking at the AIMA National Leadership Conclave in the national capital, Das said that India's journey through turbulent times reflects its ability to grow despite challenges. "During every crisis, the country has not merely endured diffic ...Read More >
New Delhi: A protracted conflict in the Middle East could push Bangladesh's inflation higher, widen the current‑account deficit, weaker exports, lower remittances and reduce fiscal space as energy subsidies rise, a new report has said. The latest Bangladesh Development Update projects growth to slow to 3.9 per cent in FY26, World Bank said. Bangladesh's economy also faces rising poverty, persistent inflation, stressed banking sector, weak revenue mobilization, and subdued private investment, c ...Read More >
New Delhi, March 31 (SocialNews.XYZ) The International Monetary Fund (IMF) has said the ongoing US-Israel and Iran war could shape the global economy in different ways -- all roads leading to higher prices and slower growth. The IMF said the war in the Middle East is upending lives and livelihoods in the region and beyond. "It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises. The shock is global, yet asymmetric. Energy i ...Read More >
New Delhi, Dec 15 (SocialNews.XYZ) While the global growth is 3.2 per cent, India is growing at 8.2 per cent, becoming the fastest growing major economy and every global institution is raising their growth outlook for the country in current fiscal (FY26), Finance Minister Nirmala Sitharaman told Parliament on Monday. Stressing that no "dead economy gets a credit rating upgrade," she further stated that India got rating upgrades from three major global agencies -- Morningstar DBRS, S&P and R&I. ...Read More >
Mumbai/Pune : Bajaj Finance Ltd., India's largest private sector non-bank lender and part of Bajaj Finserv, today said it had seen a surge in consumption finance during the festive season, disbursing a record number of consumer loans, higher by 27% in volume and 29% in value as compared to the same period last year. The rise in consumption credit, represented by loans for consumer goods, reflects the positive outcome of the government's next generation GST reforms and changes in personal income ...Read More >
Finance Minister Nirmala Sitharaman on Wednesday said that the GST 2.0 reforms, which came into effect from September 22, have given a significant push to the domestic automotive industry, with car sales more than doubling to over half a million units. New Delhi, Finance Minister Nirmala Sitharaman on Wednesday said that the GST 2.0 reforms, which came into effect from September 22, have given a significant push to the domestic automotive industry, with car sales more than doubling to over half ...Read More >
New Delhi, October 23: Finance Minister Nirmala Sitharaman highlighted on Thursday that the unified payments interface (UPI) platform processed 754 million payments worth Rs 1.02 lakh crore on October 18, marking the highest single-day tally, as consumer demand surged due to the GST rate cuts. During the three-day period between Dhanteras and Diwali, the average UPI volumes stood at 736.9 million -- higher than 647.46 million in the corresponding period a month ago, the Finance Minister said. " ...Read More >
NEW DELHI: Finance Minister Nirmala Sitharaman highlighted on Thursday that the unified payments interface (UPI) platform processed 754 million payments worth Rs 1.02 lakh crore on October 18, marking the highest single-day tally, as consumer demand surged due to the GST rate cuts. During the three-day period between Dhanteras and Diwali, the average UPI volumes stood at 736.9 million -- higher than 647.46 million in the corresponding period a month ago, the Finance Minister said. "It has been ...Read More >
New Delhi, Oct 22 (SocialNews.XYZ) India experienced a bumper festive season this year, with sales of consumer goods, automobiles, jewellery, handicrafts, and decorative items recording a sharp surge during Diwali, signalling renewed consumer confidence and economic momentum, economists said on Wednesday. Dr Manoranjan Sharma, Chief Economist at Infomerics Ratings, stated that the surge reflects a strong revival in domestic demand and a growing preference for Indian-made products. "There has be ...Read More >
New Delhi, Oct 22 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Wednesday highlighted the surge in Diwali sales this year which touched a record Rs 6.05 lakh crore, driven by GST rate cuts and strong demand for 'swadeshi' products. The Finance Minister cited the statement of the Confederation of All India Traders (CAIT) which estimated this year's Diwali sales comprising Rs 5.4 lakh crore in goods and Rs 65,000 crore in services. This marks a 25 per cent jump over the 2024 festive sa ...Read More >
NEW DELHI, Oct 21: Buoyed by GST reforms and strong consumer demand, India saw Diwali sales reach Rs 5.40 lakh crore in goods and about Rs 65,000 crore in services across the country, industry figures showed on Tuesday, marking the highest-ever festival season turnover in the country's retail and trading history. This marks a 25 per cent increase over 2024 festive sales (Rs 4.25 lakh crore) from the Navratri to Diwali period, according to CAIT Research and Trade Development Society, the researc ...Read More >
This surge is linked to increased vehicle sales and consumer spending during the festive season. However, ASSOCHAM President Nirmal K. Minda cautions that this buying momentum may not continue after the festivities. The recent GST rate cut has led to a surge in orders for auto component manufacturers, driven by increased vehicle sales and consumer purchasing power. Speaking to reporters, Nirmal K. Minda, the newly elected President of ASSOCHAM, stated that the tax reduction has boosted demand ...Read More >
New Delhi: The Union Cabinet has approved a 3 percent increase in Dearness Allowance (DA) for central government employees and Dearness Relief (DR) for pensioners, effective from October 1, 2025. The decision aims to protect employees and pensioners from rising inflation and maintain their purchasing power. The hike will be added to the existing DA rate of 55 percent of basic pay or pension. Approximately 49.19 lakh central government employees and 68.72 lakh pensioners are set to benefit from ...Read More >
GUNTUR: Chairman of the 20-Point Programme, Lanka Dinakar, called on authorities to make the benefits of recent GST 2.0 reforms accessible to every consumer during a conference at Yatri Niwas, organised under the chairmanship of BJP Bapatla District President Bangaru Babu. Dinakar highlighted how the GST reforms boost purchasing power and positively affect the national economy. The event was attended by officials from the Commercial Taxes Department, auditors, chartered accountants, lawyers, d ...Read More >
Vijayawada: A major awareness campaign on the benefits of GST 2.0 reforms will be held in Andhra Pradesh on September 30 and October 1, with a special focus on farmers and allied sectors. District, mandal and RSK-level seminars, tractor rallies, and farm machinery exhibitions are being organised to explain the extensive tax relief measures. Director of agriculture Dilli Rao said on Sunday that under the new GST policy, effective from September 22, the tax rate on fertilisers, pesticides, micron ...Read More >
MUMBAI: A close to 29% jump in equity investments has pushed up the average wealth of households, measured in terms of gross financial assets, by 14.5% in 2024, which though on an annualized basis is up only 20 bps from 14.3% in the previous year, even as the household debt ratio climbed to 41, up 8 percentage points over the last decade, and does wealth inequalities, according to a report. It can be noted that over the past two decades, the real per capita financial assets of households have s ...Read More >
The accused have been identified as Karan Dalip Bothara and his wife Saumya Karan Bothara. The couple are now under police investigation following complaints of criminal conspiracy and breach of trust. According to the FIR filed by Lavtar Singh Bajaj, a 42-year-old liquor entrepreneur from Sarabha Nagar, Ludhiana, the dispute stems from a deal involving a Lexus LM350H 4S ultra luxury vehicle worth ₹2.52 crore. Bajaj alleged that he met the accused in Mumbai in June during a business visit. The ...Read More >
Hyderabad: After three straight months of falling prices, Telangana's inflation finally crept back into positive territory in Aug, recording a modest rate of 0.95%. Though this signals a slight recovery, it still falls well below the Reserve Bank of India's ideal inflation range of 2% to 4%, while the national average stands at 2%.This development is especially significant given Telangana's unusual economic trend. Since the state's formation in 2014, this is the first time it has experienced two ...Read More >
New Delhi [India], July 7: A SIP Calculator is a powerful tool that helps plan investments wisely and track money growth over time. It estimates returns based on regular investment amounts and tenure, providing a clear view of financial progress. This insight enables confident financial planning and informed decision-making, supporting long-term wealth creation through systematic investment. Also Read | Are Football Clubs Insured When a Player Dies: What Happens in the Aftermath of a Tragedy Li ...Read More >
VMPL New Delhi [India], July 7: A SIP Calculator is a powerful tool that helps plan investments wisely and track money growth over time. It estimates returns based on regular investment amounts and tenure, providing a clear view of financial progress. This insight enables confident financial planning and informed decision-making, supporting long-term wealth creation through systematic investment. What is a SIP Calculator? A Systematic Investment Plan (SIP) calculator is a convenient online to ...Read More >
New Delhi: Choosing Between different government pension scheme can be confusing while UPS can Provide steady inflation proof income, NPS can provide much better return on your pension depending on how bonds and market performs. Government employees often wonder whether to choose the National Pension System (NPS) or the Universal Pension Scheme (UPS) for their retirement. NPS is a system where both the employee and the government contribute regularly to a retirement fund, which is then invested ...Read More >
New Delhi, Jun 8 (PTI) India is set to overtake Japan to become the world's fourth-largest economy, but must not become complacent, as the country remains far behind Japan in GDP per capita terms, WEF's former MD Claude Smadja said. According to IMF data dated April 2025, India's GDP per capita of USD 2,878.4 is approximately 8.5 per cent of Japan's GDP per capita of USD 33,955.7, meaning Japan's per capita income is about 11.8 times higher than India's. "Yes, it (economy size) is a good indic ...Read More >
One of the main reasons for the depreciation of INR has been the broad-based strength of the USD The rupee fell 4 paise to an all-time low of 84.76 against the US dollar in early trade on Tuesday, as the strength of the American currency in the overseas market and unabated foreign portfolio outflows dented investor sentiments. Forex traders said the depreciation in the rupee was largely because of Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone, weaker domestic ...Read More >
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