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A view of an Apple reseller showroom in Mumbai. File | Photo Credit: Reuters US smartphone major Apple assembled 14% of global iPhones in India in FY24 and the country’s ranking in global electronics export improved by four positions, Economic Survey 2023-24 said on July 22. The Survey, tabled in Parliament by Finance Minister Nirmala…
The Goods and Services Tax (GST) has played a remarkable role in bringing down the country’s logistics cost, Economic Survey on July 22 said. File | Photo Credit: The Hindu The Goods and Services Tax (GST) has played a remarkable role in bringing down the country’s logistics cost, Economic Survey on July 22 said. The…
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Image for representational purposes only | Photo Credit: Reuters As per the latest Economic Survey tabled in Parliament on July 22, India’s focus on maintaining macroeconomic stability ensured external challenges had “minimal impact” on the economy. It held that the economy carried forward the momentum it built in the preceding financial year into FY2024. The…
A view of the toy shop. | Photo Credit: K. Bhagya Prakash The government’s steps such as mandatory quality norms and increase in customs duties have significantly helped the domestic toy players to boost exports and reduce dependence on Chinese imports, Economic Survey said on July 22. It said that India’s emergence as a toy…
The Economic Survey has projected a positive outlook for the real estate sector with housing demand set to rise on rapid urbanisation, but described legacy stalled projects as a “challenge”. “Real estate and ownership of dwellings have accounted for over seven per cent of the overall GVA (gross value added) in the past decade, highlighting…
Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The outlook for India’s financial sector appears bright, but it needs to brace for likely vulnerabilities, said Economic Survey 2023-24 tabled in Parliament on July 22. The Indian financial sector is at a “turnpike moment”, it said, adding that the dominance of banking support…
Defence Minister Rajnath Singh and Congress MP Jairam Ramesh after the all-party meeting convened by the government ahead of Parliament’s monsoon session, at Parliament House in New Delhi on Sunday, July 21, 2024. | Photo Credit: ANI A day before the presentation of the Union budget, the Congress on Monday said the Centre must make…
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Tamil Nadu Chief Minister M.K. Stalin. File | Photo Credit: The Hindu Tamil Nadu Chief Minister M.K. Stalin listed out various railway- and road projects for Tamil Nadu in the wish list for the Union Budget (2024-25) that is scheduled to be presented in Parliament on July 23. This would be the first Union Budget…
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On the first day of the monsoon session of Parliament, on July 22, Union Finance Minister Nirmala Sitharaman will be tabling the Economic Survey 2024-25. File | Photo Credit: PTI Union Finance Minister Nirmala Sitharaman will be tabling the Economic Survey 2024-25 on July 22, the first day of the monsoon session of Parliament. The…
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A view of the Parliament building in New Delhi. | Photo Credit: The Hindu Ahead of the Monsoon Session of Parliament which begins on July 22, the Union government has called for an all-party meeting ahead of the Monsoon Session of Parliament, to be held at 11 a.m. on July 21. The Trinamool Congress (TMC)…
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