Category: Economy

The fiscal deficit, which reached a record high of 9.2% of GDP in Covid-hit FY21, has been brought down to 5.6% in FY24 and is projected to be 5.1% in the FY25 interim Budget presented on February 1. The Budget for 2024-25 should focus on fiscal rectitude while providing for social welfare, capital expenditure, and […]

After picking up pace in 2022-23 (FY23), growth in capital expenditure by the corporate sector in capacity expansion and new projects slowed in 2023-24 (FY24). The combined fixed assets of India’s top 990 listed companies, excluding banks, financial services, and insurance (BFSI) and stockbroking firms, increased by just 7.6% year-on-year (Y-o-Y) in FY24, down from 12.2% […]

Japan boosts its tourism industry by implementing a visa-free entry policy for 71 countries, including Schengen nations, USA, Canada, UK, and Turkey. Japan’s decision to implement visa-free entry for citizens of 71 countries, including those in the Schengen area, has given a significant boost to its travel and tourism industry. This policy change has made Japan […]

India has been dubbed the “perfect” emerging market to invest in, but it can be tricky for those outside the country to gain access. CNBC Pro assesses the case for buying into this booming economy, the risks to consider and how global investors can get involved. India’s stock market has been making headlines this year […]

Moody’s Ratings on Thursday said India will remain the Asia-Pacific region’s fastest-growing economy in 2024, sustaining last year’s domestically driven momentum. In a report titled Credit Conditions Asia-Pacific H2 2024 Credit Outlook, Moody’s Ratings said Indonesia, the Philippines and India led the way in terms of growth in first half of 2024 and should continue […]

State Bank of India Chairman, Mr. Dinesh Kumar Khara has said that there is a growing demand for credit from the corporate sector and loans worth Rs 5 lakh crores are in the pipeline. Unlike the past few years, when the corporates had sufficient cash surplus on their balance sheet, they have started looking for […]

This year’s interim budget provided a token amount for PLI for toys but details will be spelt out when cabinet approval is in place. The Government is considering launching an incentive scheme to boost domestic manufacturing of toys, keeping in view the high employment potential of the sector. This follows a series of steps taken […]

If you receive a GST demand order, you have the option to either file an appeal against it or pay the demand amount. However, if GST officials believe that it is necessary to ask for payment before the stipulated time (three months) for the ‘interest of revenue’, they can do so. Unfortunately, this provision has […]

In a significant ruling, the Allahabad High Court has determined that the dishonour of cheques from banks that have merged with another bank does not constitute an offence under Section 138 of the Negotiable Instruments (NI) Act. If a cheque from a merged bank bounces, the issuer will not face prosecution under this section. Justice […]