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1 week ago | 
hindustantimes.com | Roshan Kishore |Rajeev Jayaswal
The Indian economy grew 6.5% in fiscal year 2024-25 and 7.4% in the quarter ending March, according to data released by the National Statistical Office (NSO) on Friday that underlines the nation’s position as the fastest growing economy in the world. In current dollar terms, India’s gross domestic product (GDP) is now $3.9 trillion compared to $3.6 trillion in 2023-24, according to an estimate by research agency Crisil after the data was released.
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Feb 2, 2025 | 
htsyndication.com | Rajeev Jayaswal |Ravi Krishnan |Utpal Bhaskar
India, Feb. 3 -- The Prime Minister Narendra Modi-led government has sought to respect the taxpayer instead of following a rent-seeking approach, finance minister Nirmala Sitharaman said on Sunday, emphasising that the huge tax relief announced in Saturday's Union Budget was an acknowledgement of the contribution of citizens who pay their fair share towards nation-building, or, as she repeatedly stressed, a manifestation of "respect".
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Feb 2, 2025 | 
hindustantimes.com | Rajeev Jayaswal |Ravi Krishnan |Utpal Bhaskar
You have presented some substantive issues in the budget, but the minute you say something like personal income tax cut, that grabs all the headlines. Yes, that is one, and also see normally, tax relief will not be this range, and will also not be simultaneously across the board. You were at two (lakh rupees starting tax slab), then you’ll raise it to 2.5 or you were at five (lakh), you will raise it to seven (lakh). Now, from seven (lakh), I am taking it to 12. So that’s a big deal.
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Jan 23, 2025 | 
htsyndication.com | Rajeev Jayaswal |Zia Haq
New Delhi, Jan. 24 -- The Trump administration's decision to ramp up American energy output will soften international oil prices, create an alternative import source for India, and also help New Delhi to address Washington's concern regarding the rising trade deficit , three people aware of the development said. "America has world's largest hydrocarbon reserves.
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Jan 14, 2025 | 
hindustantimes.com | Rajeev Jayaswal
The Union budget for 2025-26 may focus on exports as one of the engines of growth by extending interest subsidy for exporters, tweaking of customs duties for enhanced competitiveness, setting up e-commerce export hubs, finalising free trade agreements (FTAs), incentivising agri-exports, and providing a special emphasis on organic produce such as turmeric, three people close to the development said.
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Jan 14, 2025 | 
hindustantimes.com | Rajeev Jayaswal
NEW DELHI: India will not face immediate energy supply disruptions following fresh US sanctions on Russian oil producers, as crude already in transit will continue arriving for six to eight weeks, giving New Delhi time to secure alternate supplies and work out solutions with the incoming Trump administration, senior government officials said. “We have enough time to find commercially viable alternatives,” said a senior petroleum ministry official who requested anonymity.
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Jan 10, 2025 | 
hindustantimes.com | Saubhadra Chatterji |Rajeev Jayaswal
Unleashing the productive potential of micro, small and medium enterprises; streamlining regulatory obligations; ensuring land availability at reasonable price; and securing energy needs -- these are some of the measures that will “guarantee” further acceleration of India’s economic growth, according to a note prepared by the Union finance ministry.
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Jan 10, 2025 | 
hindustantimes.com | Rajeev Jayaswal
NEW DELHI: Confederation of Indian Industry (CII) president Sanjiv Puri is confident that India’s GDP will grow in the range of 6.4%-6.7%, but thinks there are five things the Union Budget could do to accelerate the country’s growth. Edited excerpts from an interview: This Monday (January 6) Indian share market fell sharply on concerns over Q3 earnings. This came on the heels of a lower-than-expected GDP growth estimate for 2024-25. In your assessment, what is the situation on the ground?
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Jan 10, 2025 | 
htsyndication.com | Rajeev Jayaswal
India, Jan. 10 -- Confederation of Indian Industry (CII) president Sanjiv Puri is confident that India's GDP will grow in the range of 6.4%-6.7%, but thinks there are five things the Union Budget could do to accelerate the country's growth. Edited excerpts from an interview:This Monday (January 6) Indian share market fell sharply on concerns over Q3 earnings. This came on the heels of a lower-than-expected GDP growth estimate for 2024-25. In your assessment, what is the situation on the ground?
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Jan 9, 2025 | 
htsyndication.com | Rajeev Jayaswal
India, Jan. 10 -- The Union government has found and resolved data discrepancies over gold imports, reducing the trade deficit in November from the previous $37.8 billion to about $32.8 billion, people familiar with the matter said on condition of anonymity.
