Union Finance Minister, Nirmala Sitharaman could stick to the fiscal deficit target of 5.1 per cent of gross domestic product (GDP) for 2024-25 (FY25), same as the Interim Budget, when she presents the full Budget in the middle of next month, according to three officials who are part of the policymaking team involved in the initial discussions […]
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In a move to deepen manufacturing in electronics in India, the Centre is targeting 35-40 per cent value-addition through the yet-to-be launched production-linked incentive (PLI) scheme for electronics components. This target implies doubling of value-addition from the current levels of 18-20 per cent in the case of electronics manufacturing through various incentive schemes. The target […]
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India’s electronic manufacturing is likely to double in the next five years, according to sources in the Ministry of Electronics and Information Technology. The country’s electronic manufacturing is likely to reach around USD 250 billion in the next 5 years. The current electronic exports of the country stand at USD 125-130 billion. The Govt is […]
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Investors and companies based in India will now be able to invest in overseas funds, including those set up in the United States and Singapore, without any restrictions. The move follows an amendment by the Reserve Bank of India (RBI) last week regarding Overseas Portfolio Investments (OPIs). The RBI on Friday issued a circular amending […]
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Japan boosts its tourism industry by implementing a visa-free entry policy for 71 countries, including Schengen nations, USA, Canada, UK, and Turkey. Japan’s decision to implement visa-free entry for citizens of 71 countries, including those in the Schengen area, has given a significant boost to its travel and tourism industry. This policy change has made Japan […]
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The United Kingdom (UK) has overtaken China to become India’s fourth-largest export market in May. The UK was India’s sixth-largest export destination in May last year. While exports to the UK grew by a third to $1.37 billion in May, the shipments to China saw 3 per cent growth at $1.33 billion last month. The […]
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India has been dubbed the “perfect” emerging market to invest in, but it can be tricky for those outside the country to gain access. CNBC Pro assesses the case for buying into this booming economy, the risks to consider and how global investors can get involved. India’s stock market has been making headlines this year […]
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Call to consider this category of lending, irrespective of loan limit, as priority sector lending. Banks plan to request the Reserve Bank of India (RBI) to incentivise green financing, including considering this category of lending, irrespective of loan limit, as priority sector lending (PSL) or excluding infrastructure sector exposure from overall credit for the purpose […]
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Moody’s Ratings on Thursday said India will remain the Asia-Pacific region’s fastest-growing economy in 2024, sustaining last year’s domestically driven momentum. In a report titled Credit Conditions Asia-Pacific H2 2024 Credit Outlook, Moody’s Ratings said Indonesia, the Philippines and India led the way in terms of growth in first half of 2024 and should continue […]
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State Bank of India Chairman, Mr. Dinesh Kumar Khara has said that there is a growing demand for credit from the corporate sector and loans worth Rs 5 lakh crores are in the pipeline. Unlike the past few years, when the corporates had sufficient cash surplus on their balance sheet, they have started looking for […]
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