India Ratings principal economist Sunil Kumar Sinha said the Brexit is a mixed bag for the country.
Home prices in Mumbai are headed for a sharp correction, while others may remain stagnant due to rising unsold stock, says a report from Bank of India Merrill Lynch.
Faced with high Air Turbine Fuel (ATF) prices fuelled by rising international crude prices and a higher levy of sales tax, air-carriers are considering ATF imports as an alternative to purchases from domestic oil companies.
While she primed up spending on infrastructure to create jobs and boost economic activity, Sitharaman did not tinker with income tax slabs or tax rates. Her Budget for the fiscal year beginning April 2022 proposed a massive 35 per cent jump in capital expenditure to Rs 7.5 lakh crore, coupled with rationalisation of customs duty, an extension of time for setting up new manufacturing companies and plans for starting a digital currency and tax crypto assets.
The rupee depreciation will work in favour of students who are currently studying in the US and plan to secure a job that pays in dollars.
The CBI has said the mall belongs to Yadav who has made investment in the project through a company.
Post handing over of Air India to the Tatas, government officials will be free to book their travel with any airline that offers them the best price. And, the Centre will not have a tie up with any carrier, department of investment and public asset management (DIPAM) secretary Tuhin Kanta Pandey said. "The government is not mandating travel by any particular airline, going forward, after handing over Air India because there won't be any state-owned airline," he said. The department of expenditure (DoE) will soon issue instructions to government departments for official travel as this needs to be done before handing over Air India to the new buyer, he said.
The Xi Jinping regime might try to quell internal distress by directing nationalism and militarism against India, warn Ajay Shah and Gautam Bambawale.
India's opening stocks of wheat in the central pool are expected to be 19.5-20 million tonnes as on April 1, 2022, the lowest in the last three years, but much higher than the normative level required for maintaining a buffer and strategic reserve, trade and market sources said. In accordance with the buffer and strategic reserve norms, India should have a wheat stock of 7.5 million tonnes in the central pool as on April 1 each year and this year's stocks, though the lowest in the last three years, will still be over 160 per cent more than what is required. On the export front, both government and trade sources are unanimous that this year (FY22) they will be 7-7.25 million tonnes, a record, while in the next financial year, they might touch even 10 million tonnes if the current momentum is maintained.
'Our future is in limbo. The government saved us with Operation Ganga; now, they must save our careers.'
Indian consumers are likely to get respite from rising prices just before the festival season. Some consumer companies, including automakers, have indicated that they are planning to pause price hikes just before demand picks up in August, while keeping a close eye on volatile raw material prices.
Currently, interest rates on educational loans hover in the range of 11 to 11.50 per cent.
'The deaths of the children in the Gambia would batter India's reputation as the developing world's pharmacy.'
Insurance companies have started offering IT, IT-enabled services, business process outsourcing and non-manufacturing companies with policies due for renewal on January 1 discounts of more than 60 per cent.
Due to the group's presence across multiple businesses, it is in a unique position in the aviation industry to bring the best of talents.
The recent spate of rate reductions is among the sharpest in one shot since the cuts that followed the 2008 financial crisis
A growing number of investors from India are showing interest in Dubai as they look to capitalise on 60 per cent savings per square foot in the Dubai property market, a Dubai-based real estate company has said.
The drug pricing regulator on Tuesday said it will fix the ceiling prices of over 300 medicines by the end of this month, a move that will come as a major relief to patients.
Sushil Munhot, executive director & head-personal banking, IDBI Bank, says, "Any housing loan of up to Rs 25 lakh will come under priority sector lending, as it is to provide affordable housing. But we do no know when will it come into effect."
For those who've always wanted to drive a BMW in India, the 2 Series is easily the most fun to drive everyday car that money can buy.
After today's reduction, petrol price has been cut by Rs 12.27 per litre cumulatively since August.
Economic affairs secretary S C Garg said that all macroeconomic parameters are performing well.
The new tax rates will come into effect from January 1, 2019.
The banking sector in India is reeling under Rs 8 lakh crore of non performing assets (NPAs) or bad loans, of which PSU banks alone account for over Rs 6 lakh crore.
Some are treating the price correction as akin to a fiscal stimulus that could kick-start a new demand cycle in the economy.
How will the Reserve Bank of India's credit policy affect your loans? Will banks now charge you less interest?
Retailers are witnessing a surge in demand and expect up to 50 per cent spike in sales volume in this marriage season.
Only a good credit history can help you avail loans at competitive rates. Here are two ways to jumpstart your credit history.
Group travellers get discounts at almost every stage. While airlines give up to 15 per cent discount on bulk bookings, discounts by hotels can be 30-40 per cent.
Making it clear that relaxations will not be provided to US-based electric vehicles major Tesla unless it participates in manufacturing activities in India, Union Minister Krishan Pal Gurjar on Tuesday said there cannot be a situation where the market is India but jobs are created in China. The minister of state for heavy industries also told the Lok Sabha during Question Hour that the company is yet to apply for schemes as per the government's policy. Last year, the Elon Musk-led company sought a reduction in import duties on electric vehicles (EVs) in India but the Ministry of Heavy Industries asked the firm to start manufacturing its iconic EVs in the country before any tax concessions can be considered.
What we are talking about here is not a per-owned Mercedes but a brand new one.
India's rupee is likely to remain under pressure due to high prices of crude oil and other commodities, and may stabilise at around 79-80 against the US dollar in the near term, say experts amid limited headroom available with the Reserve Bank to check the weakening of the domestic currency. The currency has slumped over 5 per cent this year after Russia's invasion of Ukraine sent international crude oil prices soaring to a decade high. On Monday, rupee ended at a fresh all-time low of 78.34 (provisional) against the US dollar.
'I have to treat patients and there they don't like Indians.' 'The patients don't like me, they are not going to come to me, then what is the point of studying there?'
The government has allowed oil companies to raise diesel price by 50 paise a litre per month; bulk users to be charged market price.
Many of these are group products and don't get tax benefits; compare premiums and products, make sure they fulfil your needs.
'If you want to change everything all of a sudden to polyester, then the production of khadi flags will come under trouble.'
ICICI Bank's new offer is for those with savings in fixed deposits but no immediate liquidity
Smooth engine, plush interiors, great suspension that handle dodgy roads with ease, futuristic design elements that have little by way of competition in the market -- it's all there, says Pavan Lall.
A Reuters poll showed only one out of 51 economists had expected a 50 basis points rate cut.
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