Shiva Rajora, Asit Ranjan Mishra

Stories by Shiva Rajora, Asit Ranjan Mishra

US Firms Back Trump's India Tariffs

US Firms Back Trump's India Tariffs

Rediff.com   31 Mar 2025

Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.

Formal Hirings Drop 3% in Jan

Formal Hirings Drop 3% in Jan

Rediff.com   21 Mar 2025

Of the 823,000 new subscribers in January, the share of young people (18 to 25 age group) declined to 57.07% (470,000) from 57.28% (485,066) in the preceding month.

FTA deal with India: EU firms want non-tariff barriers to go

FTA deal with India: EU firms want non-tariff barriers to go

Rediff.com   15 Mar 2025

European Union (EU) companies operating in India want New Delhi to streamline or remove non-tariff barriers such as Quality Control Orders (QCOs), complex Customs procedures; simplify labelling, testing, and import procedures; and facilitate cross-border digital transactions without data localisation constraints. These are results of a Business Sentiment Survey, 2025 conducted by the Federation of European Business in India (FEBI) ahead of resumption of negotiations for a free trade agreement (FTA) between both the sides scheduled to be concluded by year-end.

Private investments may drop below 11% of GDP: IndRa

Private investments may drop below 11% of GDP: IndRa

Rediff.com   13 Mar 2025

After declining to a three-year low in FY24, the private sector investment is expected to fall further in the current financial year, India Ratings said in a research note.. The investments in the private sector are likely to plummet to below 11 per cent of the GDP in FY25, based on the trends from the latest national accounts data and company fillings, it noted.

Why is India Inc not speaking about investment?: Sitharaman

Why is India Inc not speaking about investment?: Sitharaman

Rediff.com   28 Feb 2025

'The answer is not for me to give. The answer either way has to be heard from the industry itself. Tell us why not if you are not doing it; tell us if you are doing it -- why should this question remain unanswered?'

How much time men and women spend on job-related activities

How much time men and women spend on job-related activities

Rediff.com   27 Feb 2025

Women on an average gave 10 minutes more to "employment-related activities" and spent 7 minutes less on "unpaid domestic services for household members" per day in 2024 against what they did five years ago in 2019.

Will Sitharaman's Debt-GDP vs Fiscal Deficit Gamble Pay Off?

Will Sitharaman's Debt-GDP vs Fiscal Deficit Gamble Pay Off?

Rediff.com   21 Feb 2025

Using the debt-to-GDP ratio as a fiscal anchor aligns with efforts to promote fiscal transparency through proper disclosure of off-budget borrowings.

Urban unemployment rate unchanged at 6.4% in Q3FY25

Urban unemployment rate unchanged at 6.4% in Q3FY25

Rediff.com   19 Feb 2025

Unemployment rate in urban areas during the third quarter (October-December) of FY25 remained unchanged at 6.4 per cent compared to the preceding quarter, according to the latest quarterly Periodic Labour Force Survey (PLFS) data released by the Ministry of Statistics on Tuesday. While the unemployment rate for men worsened marginally to 5.8 per cent in Q3 from 5.7 per cent in Q2, for women, it improved to 8.1 per cent from 8.4 per cent.

'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.'

'Old Tax Scheme Will Naturally Go Away'

'Old Tax Scheme Will Naturally Go Away'

Rediff.com   4 Feb 2025

'We are not incentivising the old tax scheme. These taxpayers will also shift to the new regime after comparison.'

'No Plan To Phase Out Old I-T Regime'

'No Plan To Phase Out Old I-T Regime'

Rediff.com   3 Feb 2025

'Going forward, the encouragement would be to move to the new tax regime.'

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.

33 Years Before India Turns 'Old'

33 Years Before India Turns 'Old'

Rediff.com   15 Jan 2025

'India is aging faster than many realise.'

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.

Falling poverty claims in SBI report spark concerns about methodology

Falling poverty claims in SBI report spark concerns about methodology

Rediff.com   6 Jan 2025

State Bank of India (SBI), in a report on Friday, claimed a significant decline in the headline poverty ratio in rural areas on account of enhanced physical infrastructure, higher consumption growth in the bottom fractile and direct benefit transfers (DBTs).

'RBI has a tough balancing act to do'

'RBI has a tough balancing act to do'

Rediff.com   1 Jan 2025

'Inflation is not good for industry. Nor for the economy as a whole.'

Budget 2025: Nirmalaji May Set Fiscal Deficit At 4.4%

Budget 2025: Nirmalaji May Set Fiscal Deficit At 4.4%

Rediff.com   19 Dec 2024

'We have to retain some fiscal headroom without compromising on the promised fiscal consolidation roadmap.'

Sovereign Gold Bonds On Way Out

Sovereign Gold Bonds On Way Out

Rediff.com   16 Dec 2024

'It has also outlived its initial purpose of reducing physical gold imports.'

What Will RBI Governor's Agenda Be?

What Will RBI Governor's Agenda Be?

Rediff.com   10 Dec 2024

As RBI governor, Sanjay Malhotra will have to give the highest priority to the interest of the economy while deciding on the growth-inflation trade off at Mint Street.