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Business & Economy

December 21, 2024 10:40 PM

55th GST Council Meeting: Tax rate changes and compliance reforms announced

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman, was held on Saturday in Jaisalmer, Rajasthan. The meeting, attended by senior officials and representatives from states and union territories, resulted in several significant decisions aimed at tax rate change...

December 20, 2024 9:56 PM

Centre, ADB sign $350 million loan to boost India’s supply chains

The Indian government and the Asian Development Bank (ADB) have signed a $350 million policy-based loan agreement to support the Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme. This loan, under the programme's second subprogramme, is aimed at improving the logistics f...

December 20, 2024 9:33 PM

Cabinet hikes MSP for Copra to Rs 12,100 per quintal

The Cabinet Committee on Economic Affairs on Friday hiked the Minimum Support Price (MSP) for fair average quality of milling copra to Rs 11,582 per quintal and for ball copra to Rs 12,100 per quintal for the 2025 marketing season, according to an official statement. The MSP has been increased in a...

December 20, 2024 9:20 PM

States urge centre for greater financial support during pre-budget discussions

Several states raised financial concerns and demands during the pre-budget meeting chaired by Finance Minister Nirmala Sitharaman in Jaisalmer on Friday. The meeting, part of the formal consultations ahead of the Union Budget 2025-26, witnessed participation from state representatives, finance offic...

December 20, 2024 7:44 PM

Finance Minister Nirmala Sitharaman holds pre-budget meeting in Jaisalmer

Finance Minister Nirmala Sitharaman chaired a pre-Budget meeting with representatives from States and Union Territories in Jaisalmer on Friday. The meeting is part of the ongoing consultations ahead of the Union Budget for the financial year 2025-26. Union Minister of State for Finance Pankaj Chaud...

December 20, 2024 4:57 PM

Indian stock markets decline over 1.4% amid global selloff

The Indian stock market faced a sharp decline on Friday, shedding over 1,000 points, following indications from the US Federal Reserve of a cautious approach to interest rate cuts. Major selling was observed in Nifty’s realty and PSU bank sectors. By the end of trading, the Sensex settled at 78,0...

December 20, 2024 3:00 PM

How a hedge fund exodus reshaped global cocoa markets 

Behind a record surge in cocoa prices this year, a corner of financial markets that drives the cost of chocolate underwent a seismic shift: the hedge funds that oiled its workings headed for the exit. Confectionery prices, from candy bars to hot chocolate, are heavily influenced by futures contract...

December 20, 2024 10:23 AM

Putin once again hails strength of India’s growing economy under PM Modi

Russian President Vladimir Putin on Thursday once again acknowledged India's growing economic prowess while highlighting his government's continued efforts to keep the overall economic situation in the country normal and stable despite the long and ongoing conflict with Ukraine. "International fina...

December 20, 2024 9:56 AM

Indian share market opens flat, Nifty above 23,900

The Indian stock market opened flat on Friday as the hawkish stance from the US Fed began to fade away. Buying was seen in auto, media and energy sectors in Nifty. The negative market reaction to the recent US Fed comments was not seen for long term and a large cap-led recovery is expected in the n...

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Last Updated: 22nd Dec 2024