India's fiscal deficit is set to decrease to 4.5% of GDP or lower by fiscal 2026, per the Economic Survey 2023-2024. Finance Minister Nirmala Sitharaman aims for a deficit below 4.5% by 2025-26, with expectations to further reduce it during the upcoming budget presentation on July 23. The survey highlights improved tax collection and higher non-tax revenue aiding deficit reduction.
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The Economic Survey 2023-2024, released by the Finance Minister, addresses the "Chinese Conundrum." It notes that India may not easily replace China in global manufacturing, despite India's rapid growth. The Survey emphasizes China’s dominance in global supply chains and critical minerals, affecting India's renewable energy. It also points out that import restrictions alone won't effectively tackle China's competitive advantage.
‘Return to roots’ in farming practices can generate higher value addition, improve farmers’ income and create opportunities for food processing and exports, it says.
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Economic Survey 2024 opens with a Vedic shloka, “Mata bhumih putruahan prthivya,” setting the tone for a deep-rooted philosophical perspective on sustainability. It highlighted India's resilience in the face of global adversities, attributing this strength to the country's profound spiritual and philosophical understanding of natural cycles.
The survey noted that untangling some of the policy issues will yield immense benefits, restoring faith in the state's ability to guide the nation toward a better future. Beyond socio-economic advantages, it will enhance the self-confidence and capabilities of the state, leading to more effective governance in the agricultural sector.
As of 30-Jun-2024, promoters held 37.01 per cent stake in the company, while FIIs held 27.87 per cent and domestic institutional investors had 8.5 per cent.
The survey highlighted the changing dynamics of global trade stating how de-globalisation trends are highly heterogeneous across countries.
The stock traded at a P/E multiple of 58.4, while the price-to-book value ratio stood at 16.73.
The Economic Survey 2023-24 advises caution against assuming India can replace China in global manufacturing. Despite India's rapid growth, China's dominance in supply chains, especially in critical and rare earth minerals, presents significant challenges. India-China economic relations remain complex, emphasizing the difficulty of displacing China in global manufacturing.
GJEPC has proposed comprehensive training programmes for aspiring students and Karigars at its institutes, aimed at nurturing local craftsmanship and enhancing skills crucial for the industry's growth. The Council has also announced plans to organise dedicated outreach programmes in Kashmir, aimed at facilitating and promoting local trade and manufacturing activities.
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Economic Survey 2024, presented by Union Finance Minister Nirmala Sitharaman, highlighted a sharp rise in food inflation in India. From 3.8% in FY22, it increased to 6.6% in FY23 and further to 7.5% in FY24, reflecting a significant 97% surge over two years.
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Calcium rich food: milk, almost, broccoli and other vegetarian foods to treat calcium deficiency naturally in a quick manner.
Unspent funds for school education initiatives will increase the calls by UGC and higher education bodies to restore their budgets that saw cuts in the previous years.
The deceased's body was recovered wrapped in a cloth from near an MCD toilet approximately 100 meters from his house. According to TOI reports, the body contained cigarette burns, bite marks, and signs of heavy blows to his face. Family members, alleging the police of callous response to the matter, on Sunday blockaded the New Rohtak Road in protest and demanded proper investigation into the incident.
Bluelearn, a well-funded upskilling platform, has announced its shutdown and plans to return 70% of raised capital to investors. It is latest to join the list of Indian Edtech platforms that closed down.
The stock quoted a 52-week high price of Rs 1148.3 and a 52-week low of Rs 615.45.
Cybercriminals, ranging from amateur OTP fraudsters from Jharkhand's notorious Jamtara to sophisticated malware experts operating from high-end offices, have targeted Telangana. The report highlights that Telangana was closely followed by Tamil Nadu, which reported 14% of the attacks. Among cities, Hyderabad ranked third, trailing behind Surat and Bengaluru.
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Economic Survey: India's real Gross Domestic Product (GDP) growth for FY25 is projected to be between 6.5 to 7 per cent, according to the Economic Survey 2023-24. The survey noted a significant increase in real GDP in FY24, which was 20 per cent higher than its level in FY20. It highlighted that achieving this milestone is rare among major economies, paving the way for strong growth prospects in FY25 and beyond.
BPCL's stock rose 3.5% after reporting a 71% decline in Q1FY25 net profit. Analysts offer varied perspectives, citing concerns over refining performance, market share loss, and significant future capex. The company's financial outlook remains uncertain.
