India Poised For World-Beating Growth, Government Adviser Says
"In the economic survey we said 6.5% is our baseline with the downside risks more than the upside risks and we maintained it in the April monthly economic report," said Nageswaran, who advises Finance Minister Nirmala Sitharaman, and is the lead author of the government's annual economic report card.
India’s ‘Mini-Demonetisation’ May Have Political Motivations: Chris Wood
The withdrawal of 2000-rupee notes is unlikely to be disruptive for the economy, analysts have said. Unlike the 2016 demonetisation, local banks have not seen a rush to deposit notes, but consumers have chosen to spend them on mangoes to luxury watches.
India’s Wheat Output Set To Touch A New Record At 112.74 Million Tonnes In 2022-23: Govt Data
However, production of oilseeds is pegged to be at a record of 40.99 million tonnes in 2022-23 owing to higher production of soybean and mustard seed, as against 37.96 million tonnes in the previous year.
Investment From Mauritius, Singapore In Start-Ups Will Attract Angel Tax
The CBDT has proposed to accept valuations by a merchant banker done within 90 days of the issue of shares by a start-up.
UAE To Open New Consulate In Hyderabad To Meet Demand For Visas, Boost Business
“In terms of boosting business connections, we are focusing on two areas – information technology and healthcare,” he said.
GDP Growth May Cross 7% In 2022-23: RBI Governor
“I don’t know whether they have shared the number with you, so I’m not mentioning it, but in our interaction last week in Mumbai, I was told it is clearly much more than 75%,” he said, adding that credit offtake from banks is also growing at a resilient 15.5%.
SoftBank Returns? Eyes Investment In 5 Indian Startups, May Invest Up To $100 Mn In Each
Last year, SoftBank had invested about $500 Mn in Indian SaaS startups, much lower than the $3.2 Bn investment it made in 2021 across segments. As of now, SoftBank’s total investment in Indian startups stands at $15 Bn, where it already withdrew $7 Bn.
PR Sundar To Keep Off Trading For a Year as He Settles Case With Sebi
The securities and Exchange Board of India (SEBI) penalized and barred renowned influencer PR Sundar for allegedly violating investment advisers' norms.
Go First To Refund Money Soon As Flights Remain Suspended Till May 30
Go First announced that all their flights will remain suspended till May 30.
Vodafone Idea is in Advanced Discussion with Investors for an Equity Infusion
Vodafone Idea is in advanced talks with three investors for equity infusion.
