The recent rationalisation of Goods and Services Tax (GST) is expected to add about 200 basis points to the revenue growth of India's organised apparel retail sector this fiscal, keeping it steady at 13-14 per cent for the second straight year, according to a Crisil Ratings report.
In a post on the social media X (formerly Twitter), the Finance Minister shared that she had spoken to Father Thomas of St. Mary's Church, located in Vallavilai village, Kanyakumari, and was informed about the loss of satellite phone connectivity with several fishermen currently in deep s
An additional policy rate cut is expected before year-end, alongside recent GST simplifications indicating that peak fiscal consolidation is behind us. These factors, combined with domestic regulatory easing, are likely to foster a gradual recovery in credit demand, said a report by Goldman
The central bank's assessment reveals that the modest recovery achieved through disciplined policies could easily unravel due to both domestic frailties and global shocks, as reported by The Express Tribune.
India Meteorological Department (IMD) announced that a low-pressure area is likely to form over the southeast Bay of Bengal and may move west-northwestward and gradually intensify. The system is expected to strengthen further into a deep depression, authorities said.
Amarasuriya, who is on a three-day official visit to India, met Prime Minister Narendra Modi and External Affairs Minister S Jaishankar in New Delhi. The discussions centred on strengthening bilateral cooperation and addressing key regional issues, including the long-standing matter of th
Union Commerce and Industry Minister Piyush Goyal on Saturday expressed confidence that India will see positive growth in exports this fiscal despite the uncertainties in global trade.
Her remarks came hours after she met with Prime Minister Narendra Modi, during which the two leaders discussed a wide range of issues, including the welfare of fishermen.
Speaking to ANI after her meeting with PM Modi, Amarasuriya said, "That is an ongoing issue and something that needs to be discussed. We need to protect the livelihoods of our fishermen as well, but we understand that that's a sensitive issue and we will continue to talk about it."
Prime Minister Narendra Modi on Friday met Sri Lankan counterpart Harini Amarasuriya and discussed education, women's empowerment, innovation, development cooperation, and the welfare of fishermen.
Pakistan's fragile economy faces deep-rooted structural challenges that threaten long-term stability, warned the State Bank of Pakistan (SBP) in its Annual Report on the State of the Economy 2024-25. The report highlights how persistent fiscal deficits, dwindling domestic savings, weak produ
Reserve Bank of India (RBI) Governor Sanjay Malhotra said that fiscal consolidation and strong coordination between monetary and fiscal policies have played a key role in helping India manage inflation while supporting economic growth during challenging times marked by tariffs and global unc