Private companies sitting on large reserves of capital must step up and invest in India’s growth journey, the Economic Advisory Council to the Prime Minister (EAC-PM) said on Sunday, underlining that investments and exports will be the key drivers of the country’s economic expansion.“Investments and exports will drive growth… private sector has a lot of […]
State finances: Salaries, pensions and interest expenditure rises 2.5 times in 10 years; subsidy outlay triples
States’ expenditure on salaries, pensions, and interest payments has surged nearly 2.5 times over the past decade, highlighting the rising share of committed spending in state budgets, according to the latest report by the Comptroller and Auditor General of India (CAG).The report, State Finances 2022-23, shows that combined committed expenditure across 28 states rose to […]
PM Modi’s address to nation: Income tax relief, GST rate cuts to result in Rs 2.5 lakh crore savings; asks people take pride in ‘Swadeshi’ goods
PM Narendra Modi’s address to the nation Prime Minister Narendra Modi on Sunday hailed the next-generation Goods and Services Tax (GST) reforms that will come into effect from September 22, 2025. “From tomorrow, ‘GST Bachat Utsav’ will commence. Your savings will increase and you will be able to buy your favourite things…’GST Bachat Utsav’ will […]
‘Little afraid of our talent’: Piyush Goyal reacts to H-1B visa fee hike; urges NRIs to innovate in India
NEW DELHI: A day after US President Donald Trump imposed a $100,000 fee on H-1B visas, Union commerce minister Piyush Goyal reacted to the development by claiming that the world is “a little afraid of Indian talent”.Goyal shared a video clip from a speech on social media, asserting that “different countries across the world also […]
‘Increase in last-minute bookings’: India-US last-minute flights spike after H-1B fee news, reports MakeMyTrip; US says existing visas unaffected
India-US last-minute flights spike after H-1B fee news, reports MakeMyTrip Last-minute India-US travel bookings surged on Sunday after the Trump administration announced a $100,000 fee for new H-1B visa petitions, according to MakeMyTrip.US President Donald Trump signed a proclamation introducing the fee, aimed at allowing only “extraordinarily skilled” workers into the country and discouraging firms […]
Market cap watch: 7 of top-10 firms add Rs 1.18 lakh crore this week; SBI and Airtel shine
The combined market valuation of seven of the top-10 most valued companies jumped by Rs 1,18,328.29 crore last week, with State Bank of India and Bharti Airtel emerging as the biggest gainers amid an optimistic trend in equities.During the week, the BSE benchmark advanced 721.53 points or 0.88 per cent, PTI reported.Among the winners were […]
India-Azerbaijan energy ties: Crude oil shipments to New Delhi restart after 10-month halt; pricing dispute settled
Azerbaijan has resumed crude oil exports to India after a 10-month break, resolving the pricing issue that had led to the halt in supplies, according to people familiar with the matter. In August, Azerbaijan exported 1,747.07 tonnes of crude oil to India, valued at $781,520, according to its customs data, as cited by ET.Energy cooperation […]
$100k for H-1B: ‘American workers being replaced with lower-paid foreign labour’ – How US justified visa move
White House justified its $100k for H-1B visa move citing concerns over cheap “foreign labour” replacing American workers in the United States. It noted the rise in unemployment rates among computer science graduates, doubling of foreign STEM workers in the States.“Unemployment among recent computer science graduates has reached 6.1 per cent and 7.5 per cent […]
Festive season boost: ACs, dishwashers get cheaper from Monday after GST cut; check full list
NEW DELHI: From Monday, consumers looking to upgrade their homes will find appliances like air conditioners and dishwashers much lighter on the pocket. Leading brands have slashed prices by up to Rs 4,500 on ACs and Rs 8,000 on dishwashers, passing on the benefits of the GST Council’s recent decision to cut tax from 28% […]
NTPC forays into atomic energy: PM Modi to lay foundation stone for nuclear plant in Banswara; part of 100 GW nuclear target
PM Modi on Thursday will be laying the foundation stone for the Mahi-Banswara nuclear power project in Rajasthan. The project will mark the National Thermal Power Corporation’s (NTPC) entry into India’s atomic energy sector.The Mahi-Banswara Rajasthan Atomic Power Project (MBRAPP) will feature four indigenously developed Pressurised Heavy Water Reactors (PHWRs), each with a capacity of […]