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India's Manufacturing Sector Attracts $165bn FDI

Monday's sharp correction makes markets move uncertain

The correction which had set in on Friday of the previous week (2nd August) continued and we saw a sharp sell-off on Monday. Probably this was a fall which post-covid market participants had never seen before. One must ignore of course the fall witnessed on June 4 when results were declared for the general elections which were lower than what the exit polls had said. This saw a sharp reaction from the markets in India and also globally. Aug 11, 2024
FDI in India's manufacturing sector hits $165 bn, 69 pc growth in last 10 years

India's Manufacturing Sector Attracts $165bn FDI

India's manufacturing sector has emerged as a top destination for foreign direct investment (FDI), with a 69% surge in inflows over the last decade, reaching a staggering $165.1 billion. Aug 11, 2024
India's forex reserves at historic high of $675 billion: RBI chief

India's Forex Reserves Soar to Historic $675 Billion

India's foreign exchange reserves have reached a record high of $675 billion, showcasing the country's external sector resilience. Key indicators like current account deficit, services exports, and remittances have improved. Despite global economic challenges, India's economy remains strong Aug 8, 2024
RBI forecasts 7.2 pc GDP growth on back of rising urban, rural demand

RBI Projects 7.2% GDP Growth Despite Global Uncertainties

The Reserve Bank of India (RBI) announced a projected GDP growth of 7.2% for India in the fiscal year 2024-25. This projection, made on August 8, 2024, is based on the strength of investment demand, steady urban consumption, and rising rural consumption. Aug 8, 2024
Reserve Bank Of India

RBI Keeps Repo Rate Unchanged, focuses on Price Stability

RBI Governor Shaktikanta Das said the Monetary Policy Committee has decided by a 4:2 majority to keep the repo rate unchanged as inflation has risen above 5 per cent and is still above the targeted level of 4 per cent. Aug 8, 2024
CBDT

Simplified Capital Gains Tax Regime, says CBDT

The Central Board of Direct Taxes (CBDT) has taken a significant step towards simplifying the taxation of capital gains in India. In a comprehensive set of Frequently Asked Questions (FAQs), the CBDT has explained the new capital gains tax regime effective July 23, 2024 as introduced in the Union Budget 2024-25. Jul 25, 2024
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