Moody's Investors Service on Thursday upped India growth forecast to (-) 10.6 per cent for the current fiscal, from its earlier estimate of (-) 11.5 per cent, saying the latest stimulus prioritises manufacturing and job creation, and focuses on longer-term growth. Last week the government had announced a new fiscal package amounting to Rs 2.7 lakh crore. Moody's said the latest measures aim to increase the competitiveness of India's manufacturing sector and create jobs, while supporting infrastructure investment, credit availability and stressed sectors.
SBI data shows the per-capita payouts for scheme have shot up this year.
The UK steel industry is struggling for survival in the face of extremely challenging market conditions.
Jitendra Chouksey from Pune tells Rediff.com's A Ganesh Nadar what he would like to see in Finance Minister Nirmala Sitharaman's Budget.
'Our objective is to reach a localisation rate of 50% in the span of five years.'
Instead of announcing new schemes, focus will be on those already announced and key sectors.
The rupee had gained 2 paise to close at 67.37 on Friday.
Should you buy an air fryer. Is it for you? What can you make with it?
The state's economic health is in focus as it has consistently breached the fiscal deficit in eight of the last 10 years since Telangana's formation.
The government is by far the largest employer; job security is guaranteed for government employees, and their wages are set through once-in-10-year Pay Commission.
Wipro chairman Rishad Premji on Sunday said its leaders will start returning to office from Monday after 18 months of work from home amid the COVID-19 pandemic. "After 18 long months, our leaders @Wipro are coming back to the office starting tomorrow (twice a week). All fully vaccinated, all ready to go - safely and socially distanced," Premji said in a tweet. He also shared a video about the COVID-19-related safety protocols, including temperature checks and QR code scans, that have been put in place at the Wipro office.
'The classic thing we need as a country is the virtuous cycle where you have robust demand which leads to more capital spending which in turn leads to more job creation and more money in the hands of people.'
A reading above 50 means the sector is expanding, while a reading below 50 means contraction.
19 per cent of all travel in India (by bus, train or air) was pilgrimage or religious travel (possibly the single largest after business and family-related travel), discovers Ambi Parameswaran.
Palanivel Thiaga Rajan was on Thursday relieved of the finance portfolio by Tamil Nadu Chief Minister M K Stalin.
Falling economic growth, fewer job opportunities call for a smart response to handle your finances well. Here's how you can make a small beginning.
This election will be remembered for being the first election where the Election Commission failed to take action on gross violations involving the ruling party that repeatedly used religion, communal slurs, lies and undocumented allegations, observes Ramesh Menon.
The Goa CM knows running a coalition government while pursuing a development agenda will require a fine balancing act.
At close, the Sensex was up 184 points at 25,580 and the Nifty added 71 points to end the day at 7,654. Earlier in the day, the Sensex had hit a high of 25,645.
US President Barack Obama has proposed to establish a new minimum tax on foreign earnings while repealing benefits for outsourcing jobs overseas and providing new incentives for bringing jobs back home.
'I chose the colour pink and I looked like a doll in it.' 'I worked on the pink gown single-handed and it took me one month...'
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
Bihar Chief Minister Nitish Kumar and his deputy Tejashwi Yadav on Friday addressed a joint political rally, the first since the two erstwhile rivals buried the hatchet and aligned nearly four months ago.
"Why did Congress oppose creation of Uttarakhand as a state? Those who cannot think well of the people here, how can they govern?" Prime Minister Modi said while addressing an election rally.
India's services sector activity expanded at the strongest pace in ten-and-a-half years in October, driven by a substantial upturn in business activity amid favourable demand conditions, a monthly survey said on Wednesday. Companies indicated that a notable pick-up in new business led to the fastest expansion in output in over a decade and as a result more jobs were created, even though business confidence remained subdued due to growing inflationary concerns. The seasonally adjusted India Services Business Activity Index rose from 55.2 in September to 58.4 in October, signalling the strongest rate of growth in ten-and-a-half years.
43 months after Modi's election promise that his government would create 10 million jobs, the reality does not paint a pretty picture, warns Shyamal Majumdar.
'The performance of any government is benchmarked on five parameters -- India's external security, the state of the economy, social cohesion, internal security, and India's relations with the world or its foreign policy. On each of the benchmarks in the past nine years, the NDA-BJP government has come up completely short'
One popular strategy is to hire contract workers.
Two-thirds of organisations in the Indian technology sector are hiring gig workers as they respond to a changing business landscape, said a report by industry organisation NASSCOM and others on Thursday. Focus on requirement for specialised skills, employee demand and cost optimization enabled organisations to use the gig model for technology roles traditionally restricted to HR and support functions. Software development, UI/UX design, and data analytics were the top three gig skills the technology sector needed.
In 1930, John Maynard Keynes predicted that by 2030 technology would be so advanced that three hours of work per day would suffice. Has AI brought about the transformation that Keynes predicted, asks Atanu Biswas.
India needs significantly more domestic wherewithal to achieve and sustain the stated objective of 7-9 per cent growth.
The President in his address to the joint sitting of Parliament unveiled the policies and priorities of the BJP - led NDA government which assumed power last month after elections to the 16th Lok Sabha.
He said the people of Gujarat do not love him, state AAP president Gopal Italia or chief ministerial face Isudan Gadhvi but extending support because they feel AAP can resolve their issues
In the current year, India's economy will grow to become $ 3 trillion economy, sixth largest in world.
India's services sector lost momentum in July as demand was curtailed by competitive pressures, elevated inflation and unfavourable weather, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index fell from 59.2 in June to 55.5 in July, pointing to the slowest rate of growth in four months. For the 12th straight month, the services sector witnessed an expansion in output. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.
Shah wants to focus this time on a mentoring role and help youngsters with innovative ideas live their entrepreneurship dreams by providing them a platform for "institutionalisation, globalisation and scaling up" of their ventures.
Active largecap funds, which have the toughest job in terms of outperforming the benchmark, did better in 2023 as their bets in the mid and smallcap stocks paid off.
For the Stalin government to win back the confidence of voters ahead of the Lok Sabha polls, post-flooding restoration works, their speed and efficacy would be closely watched, and not just by the political Opposition, notes N Sathiya Moorthy.
Business success often involves a combination of planning, implementation, and continuous learning, says rediffGURU Harsh Bharwani.
Prices of automobiles, including cars, sports utility vehicles and two-wheelers, are set to come down with Finance Minister P Chidambaram announcing a reduction in excise duty in the Interim Budget.
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