Tag: India economy

Success of India grounded in pursuit of reforms over last years: IMF MD

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Success of India grounded in pursuit of reforms over last years: IMF MD

International Monetary Fund (IMF) Managing Director Kristalina Georgieva | Photo Credit: REUTERS The economic success of India is grounded in the pursuit of reforms over the last years, Managing Director of International Monetary Fund (IMF) Kristalina Georgieva said on February 1 exuding confidence that it would achieve its goal of being a developed nation by…

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Business

US May See Deep Recession, Could Impact India’s Markets, Exports: Economist

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US May See Deep Recession, Could Impact India’s Markets, Exports: Economist

Mr Mishra said fertility rate is falling in India and net savings are increasing. New Delhi: The United States may see a deep recession soon, and such a scenario would impact not only India’s services sector, which is a key component of the country’s GDP, but also bring about a lot of volatility in the…

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Nation

Data | The problems with the Prime Minister’s economic claims

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Data | The problems with the Prime Minister’s economic claims

Official rhetoric on India becoming a $5 trillion dollar economy has resumed, with the Prime Minister’s remarks at the BRICS conference last week. However, these claims are riddled with problems. | Photo Credit: Reuters Addressing the BRICS Business Forum Leaders’ Dialogue at Johannesburg last week, Prime Minister Narendra Modi said, “Soon, India will become a…

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Business

Indian economy shining as beacon of hope in challenging times, says PM Modi

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Indian economy shining as beacon of hope in challenging times, says PM Modi

Prime Minister Narendra Modi digitally addresses an event in New Delhi on August 19, 2023. | Photo Credit: PTI Prime Minister Narendra Modi asserted on August 19 that India’s economy is shining as a beacon of hope in these challenging times. “With robust growth and resilient spirit, the future looks promising. Let us keep this…

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Business

Chief Minister Gehlot criticises Budget for reducing MGNREGS allocation, says disappointing for Rajasthan

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Chief Minister Gehlot criticises Budget for reducing MGNREGS allocation, says disappointing for Rajasthan

Rajasthan Chief Minister and senior Congress leader Ashok Gehlot | Photo Credit: PTI Rajasthan Chief Minister Ashok Gehlot on February 1 criticised the Union Budget for neglecting the important areas of education, health and social justice and reducing the allocation by 33% for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which had proved…

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Business

Budget 2023 | Exemptions on high-value life insurance proceeds pruned

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Budget 2023 | Exemptions on high-value life insurance proceeds pruned

Image for representational purpose only. | Photo Credit: The Hindu The Union Budget 2023-24 has proposed to limit the income tax exemption on the proceeds of high value life insurance policies. Mooted as part of an emphasis on better targeting of tax concessions and exemptions, the proposal means that only income from life insurance policies…

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Business