Former finance secretary Subhash Chandra Garg argues that slashing withholding tax won’t stop FPI outflows, citing a lack of profitable investment opportunities and rupee depreciation as primary drivers. He believes tax changes are a “small irritant” compared to negative investment…
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Bank economists have advised the Reserve Bank of India that interest rate increases will be necessary later this financial year. This is to manage the effects of the West Asia conflict and ensure economic stability. Most economists do not expect…
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The rupee is under strong pressure due to rising global crude oil prices driven by Middle East tensions, briefly hitting an all-time low of 96.96 against the US dollar before recovering slightly with central bank support.
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Dalmia Cement (Bharat) Ltd (DCBL), a wholly-owned subsidiary of Dalmia Bharat, has already executed a Business Transfer Agreement (BTA) with Jaiprakash Associates Ltd for the transaction, which is expected to complete within two weeks, a statement said.
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The Middle East conflict is impacting India’s economy. Many Indian workers are returning from Gulf countries. This is reducing jobs and demand for Indian manufactured goods. Industries like leather and garments are affected. This situation creates unemployment and potential social…
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The Indian rupee is expected to weaken today, following Asian markets. The Reserve Bank of India’s intervention yesterday helped the rupee recover, but traders are watching for further action. The rupee faces pressure from global factors and importer demand. Asian…
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