Ruchika Chitravanshi, Dev Chatterjee

Stories by Ruchika Chitravanshi, Dev Chatterjee

Govt May Cut Small Savings Rates

Govt May Cut Small Savings Rates

Rediff.com   17 Feb 2025

The interest rate on these schemes have remained unchanged for over a year now.

'India can emerge as key player in global supply chain'

'India can emerge as key player in global supply chain'

Rediff.com   15 Feb 2025

'It can position itself as a China Plus One solution, fulfilling the demands of developed economies.'

Coming Soon! New Internship Scheme

Coming Soon! New Internship Scheme

Rediff.com   12 Feb 2025

'We are getting to understand the mind of this generation.' 'Minor tweaks are being made to ease the process as we go along.'

'Strong retail growth is expected'

'Strong retail growth is expected'

Rediff.com   10 Feb 2025

'The retail business was somewhat slow initially, but it has picked up over the past seven to eight days. Following Makar Sankranti, there is a renewed sense of positivity.'

'Prime Minister Modi Has Been Fiscally Conscious'

'Prime Minister Modi Has Been Fiscally Conscious'

Rediff.com   5 Feb 2025

'Spend, but create assets, spend but make sure that people benefit from it.' 'This has been a beautiful guiding principle. And I think as a finance minister I owe so much to the prime minister for keeping this path clear before us.'

'Budget's Main Objective Was To Honour Taxpayers'

'Budget's Main Objective Was To Honour Taxpayers'

Rediff.com   5 Feb 2025

'Our attempt to honour the taxpayer has been since 2014 and more actively since 2019-2020 onwards.'

Budget curtails carry-forward losses for mergers and acquisitions

Budget curtails carry-forward losses for mergers and acquisitions

Rediff.com   4 Feb 2025

The Union Budget 2025-26, while promising a new framework for smoother mergers and acquisitions (M&As), has plugged a major loophole on carry-forward losses for a total of eight assessment years between amalgamating company and amalgamated company from the date of loss instead of date of the merger. For all mergers effected on or after April 1, 2025, the losses can be carried forward only for the residuary period (counting from the date of loss).

'We Expect Everyone Will Shift To New Tax Regime Now'

'We Expect Everyone Will Shift To New Tax Regime Now'

Rediff.com   2 Feb 2025

'Nearly 10 million people will benefit from the increase in the rebate limit for those earning up to Rs 12 lakh.' 'We expect all that money will come back into the economy in either savings, consumption, or investments.'

Meet Nirmalaji's Budget Team

Meet Nirmalaji's Budget Team

Rediff.com   30 Jan 2025

This will be the first full-year Budget of the BJP-led National Democratic Alliance government since it came to power for a third consecutive term in July last year.

Burmans vs Gaekwad: Who will manage to acquire Religare Enterprise?

Burmans vs Gaekwad: Who will manage to acquire Religare Enterprise?

Rediff.com   27 Jan 2025

The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.

Govt May Save Over Rs 70K Cr In FY25

Govt May Save Over Rs 70K Cr In FY25

Rediff.com   20 Jan 2025

The government may save over Rs 70,000 crore (Rs 700 billion) on capital and revenue expenditure allocated towards new schemes in the FY25 Budget that are yet to be implemented.

Rupee Slide: Tough Times For Overseas Corporate Debt

Rupee Slide: Tough Times For Overseas Corporate Debt

Rediff.com   16 Jan 2025

Raising overseas debt has become prohibitively expensive due to the depreciating rupee.

Experts see FY26 nominal GDP growth at 10-11%

Experts see FY26 nominal GDP growth at 10-11%

Rediff.com   9 Jan 2025

The upcoming Union Budget to be presented on February 1 is likely to assume a nominal gross domestic product (GDP) growth between 10 and 10.5 per cent for FY26, a Business Standard poll of 10 economists showed. The first advance estimates released by the National Statistics Office (NSO) had estimated a nominal GDP growth of 9.7 per cent for FY25. Nominal GDP, calculated at current market prices, factors in the effect of inflation. It is used as the base to calculate crucial macroeconomic indicators, such as fiscal deficit, revenue deficit, and debt-to-GDP ratio.

Temasek's Haldiram Deal May Be HUGE!

Temasek's Haldiram Deal May Be HUGE!

Rediff.com   8 Jan 2025

Temasek is nearing a deal to acquire a 10% per cent stake in Haldiram Snacks Foods, valued at $10 billion.

What Will Nirmalaji's Budget Be Like?

What Will Nirmalaji's Budget Be Like?

Rediff.com   8 Jan 2025

The Budget assumes significance as it comes on the back of lower-than-expected growth numbers during the second quarter and geopolitical uncertainty.

Economists see reforms in the air ahead of Budget

Economists see reforms in the air ahead of Budget

Rediff.com   6 Jan 2025

Following the lacklustre growth numbers in the second quarter (Q2FY25), economists believe the upcoming Union Budget for 2025-26 should focus on reforms that will stimulate consumption, manufacturing and spur employment. India's growth unexpectedly slowed to 5.4 per cent in the second quarter, due to low capital formation, weak consumption, besides adverse weather impact.

Capex shrinks as fiscal deficit reaches 52% of FY25 estimate: CGA data

Capex shrinks as fiscal deficit reaches 52% of FY25 estimate: CGA data

Rediff.com   1 Jan 2025

The government's capital expenditure in the April-November period of financial year 2024-25 (FY25) continued to contract with a 12.3 per cent decline year-on-year (Y-o-Y), according to data released by the Controller General of Accounts on Tuesday.

M&A deals rise 13.5% in '24 so far

M&A deals rise 13.5% in '24 so far

Rediff.com   16 Dec 2024

the largest transactions of the year include the merger of Quality Care India and Aster DM Healthcare valued at $5.08 billion, followed by Bharti Enterprises' acquisition of a 24.5 per cent stake in the BT Group at $4.08 billion, and a family settlement transaction in the Godrej family at $3.5 billion.

Jihadists Are A Major Threat To Israel'

Jihadists Are A Major Threat To Israel'

Rediff.com   16 Dec 2024

'Israel would make Iran and its proxies pay. They, along with Qatar, fund terror all over the world.'

Higher tax will drive capital away, says CEA V Anantha Nageswaran

Higher tax will drive capital away, says CEA V Anantha Nageswaran

Rediff.com   14 Dec 2024

Taxing capital less may not lead to more investments but taxing more will drive capital away, Chief Economic Advisor V Anantha Nageswaran on Friday said during a discussion on Inequality, Economic Growth and Inclusion. While it is easy to drive capital out, bringing it back is a lot harder, said Nageswaran.