The Terms of Reference (ToR) for the 16th Finance Commission (FC) are short but “all-encompassing”, Finance Secretary TV Somanathan said Thursday. Clarifying that the terms are not limited or preliminary, Somanathan said they are shorter than recent commissions but offer greater leeway to stakeholders so that their inputs can be taken into account. He said […]
“For 2024-25, assuming a normal monsoon, and no further exogenous or policy shocks, structural model estimates indicate that inflation will average 4.5 per cent, in a range of 3.8-5.2 per cent,” the RBI said in its Monetary Policy Report for October 2023.
Speaking at a seminar on global economy organised by the Ministry of Finance and the Reserve Bank of India (RBI), Shaktikanta Das said recent experience suggests countries facing financial difficulties go to other bodies beyond the IMF because of “perceived stigma” or lack of access.
The government may soon tweak the production-linked incentive scheme for pharmaceuticals, drones and textiles sectors to encourage investment and boost manufacturing, an official said.
Noting that while it is a popular idea that redistribution is the solution to raising living standards at a large scale, the essay said there were two problems with the approach.
The board of SpiceJet on Wednesday considered options for raising fresh capital.
Domestic passenger vehicle wholesales witnessed a 2 per cent year-on-year rise in June to 3,27,487 units, industry body SIAM said.
India raised these issues in the Trade and Technology Council (TTC) meeting between the two regions in Brussels in May.
Trading in the shares of Evergrande and two of its units were suspended on Thursday, a day after Bloomberg reported that its Chairman Hui Ka Yan was taken away by police this month and was being monitored at a designated location.
Secondment refers to the deputation of employees or expats to another part of the organisation within or outside the country.