Anand JC

Jul 30, 2024 | economictimes.indiatimes.com | Indu Bhan |Anand JC

The Central government on Tuesday opposed states' plea in the Supreme Court seeking a refund of royalty levied by it on mines and mineral-bearing land since 1989, saying that the mining sector is the spinal cord of India's economy and any such ruling would have a multi-polar impact.Solicitor General Tushar Mehta informed the SC that the ruling could put a burden of over Rs 70,000 crore on public units. Without naming the company, Mehta said that the burden would be three times its net worth.

Jul 21, 2024 | economictimes.indiatimes.com | Anand JC

NEW DELHI: Despite emerging as the fastest-growing major economy in recent years, experts still seek Finance Minister Nirmala Sitharaman to take measures in the upcoming Union Budget 2024 to shore up India's weak private consumption figures.The Indian economy grew 8.2 per cent (provisional) in FY24 while private consumption, which includes the spending by households and businesses across the nation, grew at just 4 per cent.Currently, India’s economic growth is largely driven by the...

Jul 19, 2024 | economictimes.indiatimes.com | Anand JC

The profit of Kotak Mahindra Bank zoomed nearly 80 per cent in the first quarter of FY25, in part due to the completion of a deal in the general insurance sector with Zurich Insurance Group , the company said on Saturday.Zurich Insurance Group picked 70 per cent stake in Kotak General Insurance and the deal was completed in Q1FY25.

Jul 14, 2024 | economictimes.indiatimes.com | Anand JC

Why Budget 2024 needs to address private investmentBudget 2024 can show the way for investment & consumptionNEW DELHI: Private consumption and investment – giving a fillip to this twin cog that drives the Indian economy forward - will likely be on top of Finance Minister Nirmala Sitharaman ’s mind ahead of the Union Budget.Data shows that new private investment plans of India Inc slumped to a 20-year low in Q1FY25, at Rs 44,300crore.

Jul 10, 2024 | economictimes.indiatimes.com | Anand JC

BUDGET: What do the taxpayers want, and what have they got so farUNION BUDGET: No need for Modi govt to cut taxes? NEW DELHI: Budget announcements and tax cut dreams are constant year after year, but if historical precedent is anything to go by, so are disappointments.