What TV doesn't, print can't; we deliver.
What TV doesn't, print can't; we deliver.
The Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 on July 22. The survey conservatively projects real GDP growth of 6.5–7%, with risks evenly balanced, cognisant of the fact that the market expectations are on the higher side.
Retail inflation, after averaging 6.7% in FY23, declined to 5.4% in FY24, thanks to effective administrative and monetary policy responses. Food inflation rose from 6.6% in FY23 to 7.5% in FY24
The survey reveals notable progress in India's labour market over the past six years, with the unemployment rate falling to 3.2% for 2022-23.
Agriculture remains a cornerstone of the Indian economy, demonstrating steady growth with an average annual rate of 4.18% at constant prices over the past five years. However, provisional estimates for 2023-24 show a slower growth rate of 1.4% at constant prices, highlighting both progress and areas needing improvement.
Union Finance Minister Nirmala Sitharaman announced several key decisions after the 53rd GST Council meeting aimed at curbing tax evasion and promoting uniformity in taxation, including the pan-India rollout of Aadhaar-based biometric authentication to curb fake invoicing.
Union Finance Minister Nirmala Sitharaman chaired the 53rd GST Council meeting in Delhi on June 22, marking the first such gathering since the formation of the new government.
Now that Prime Minister Narendra Modi has announced his Cabinet for the third consecutive term, everyone is eagerly waiting
In a recent interview with the Group Editor and Editor-in-Chief of Times Now Navbharat's Navika Kumar, Finance Minister Nirmala Sitharaman was cornered by the prominent journalist regarding the issue of controversial figures joining the Bharatiya Janata Party (BJP).
The 58-year-old President and Managing Director of Volvo Group India expressed satisfaction at the aggressive fiscal deficit goals set in the interim budget, coupled with a stable macroeconomic performance. This strategic fiscal approach aligns with the broader vision for economic resilience and sustainability.
Niranjan Hiranandani, Founder of Hiranandani Group and Chairman of National Naredco, commended the budget for its integrated and equitable growth approach, emphasising social reforms, economic value chain enhancement, and support for sunrise sectors.
