NEW DELHI: In a major indication that alarm bells are going off in Beijing due to an impending demographic crisis that could potentially have severe impact on its economy, healthcare and social welfare systems, China’s top legislative body on Friday announced plans to raise the country’s retirement age. The development also comes as reports have…
NEW DELHI: India’s growth momentum remains strong with Asia’s third-largest economy expected to expand 6.5-7% this year on the back of a good monsoon that is expected to help boost farm growth and rural demand as well as private investment, chief economic adviser V Anantha Nageswaran said on Friday.“In the medium term, the Indian economy…
NEW DELHI: Prime Minister Narendra Modi on Friday during the keynote speech at a special session of Global Fintech Fest 2024 held in Mumbai said that there is festivity in economy and markets.PM further said that the fintech revolution is everywhere. He said there was a time when people used to get amazed by our…
HYDERABAD: As long as India is able to clock a GDP growth rate of 8% per annum in real Rupee terms, it has the potential to emerge as the Sachin Tendulkar of the global economy with a $55 trillion economy by 2047 when the country turns 100, International Monetary Fund (IMF) executive director Prof KV…
NEW DELHI: The Income Tax Department has cautioned taxpayers against making false claims on their income tax returns, such as overstating deductions, understating income, or claiming expenses that are not genuine. These actions are considered offenses that can result in penalties and may delay the processing of refunds.According to the department and the Central Board…
NEW DELHI: India’s foreign exchange reserves rose for the second consecutive week, reaching a new all-time high of $ 655.817 billion for the week ended June 7, as reported by the Reserve Bank of India (RBI) on Friday. The reserves rose by $4.3 billion, bringing the total to $ 651.51 billion.The previous record for the…
NEW DELHI: In a bid to revive its sluggish economy, the Thailand government has extended a visa exemption plan for Indian and Taiwanese tourists for six more months, reported Bloomberg.The decision would allow tourists from India and Taiwan to enter the Southeast Asian nation without a visa until November 11. The decision comes days before…
NEW DELHI: The Maldivian tourism minister, Ibrahim Faisal, has appealed to Indian tourists to continue visiting the archipelago nation, emphasising the historical ties between the two countries. In an interview with PTI Videos, Faisal stated, “We have a history. Our newly elected government also wants to work together (with India). We always promote peace and…
MUMBAI: Citibank has expressed disappointment with the lack of “big bang” reforms in the BJP manifesto. However, they remain hopeful that these reforms can be introduced later on. In a research report, Citibank said that it could be a bit of a “let-down” that the structural reforms of land, labour, agriculture, privatisation, and opening up…
GST Collections March 2024: In a boost for the economy, the gross Goods and Services Tax (GST) collections for the month of March came in at the second highest ever level of Rs 1.78 lakh crore. This is an 11.5% year-on-year growth, according to the Ministry of Finance.This increase was primarily fueled by a significant…
