India’s GDP growth, which slowed to 5.4% in the July–September quarter, is rebounding in the October–December period. According to the Reserve Bank of India’s (RBI) State of the Economy report, high-frequency indicators show signs of recovery, driven by strong festival activity and growing rural demand. The RBI anticipates GDP growth of 6.8% in Q3 and …
GST will now be applicable on the sale of old and used vehicles by registered sellers only if the selling price exceeds the car’s depreciated value. Depreciated value is calculated based on the purchase price minus depreciation claimed under the Income Tax Act. For example: If a car with a depreciated value of ₹12 lakh …
In October 2024, the Reserve Bank of India (RBI) net sold $9.2 billion, marking the highest monthly sale of foreign currency since September 2022, when it sold $10.3 billion. As per the RBI’s monthly bulletin, it purchased $27.5 billion and sold $36.7 billion during the month. Rupee Breaches 84 Per Dollar On October 11, the …
As per news reports, On December 20, 2024, the Government of India and the Asian Development Bank (ADB) signed a $500 million loan agreement to bolster green and sustainable infrastructure projects. The loan, with a sovereign guarantee, will be extended to the India Infrastructure Finance Company Limited (IIFCL) to support projects aligned with India’s climate …
India’s FMCG market has always been fiercely competitive, with brands constantly vying for consumer attention. In 2024, this competition brought out some remarkable winners. Based on consumer reach points (CRPs), Kantar’s latest report showcases the top FMCG brands that dominated the Indian market. Let’s look at the top 10 brands and what makes them stand …
South Korea’s bakery industry is enjoying its moment in the spotlight, thanks to the rising global popularity of Korean culture and cuisine. In the first eleven months of 2024, the country’s bakery product exports soared to a record $440 million, marking an impressive 8.3% growth compared to the same period last year. This remarkable feat …
India is witnessing an unprecedented economic boom, offering fertile ground for savvy investors to reap substantial returns. With the right approach, you can position yourself at the forefront of this growth story. Curious which sectors are leading the charge? Here’s the breakdown: 1. Information Technology (IT): The Digital Dynamo India’s IT sector continues to thrive, …
The Goods and Services Tax (GST) Council, led by Finance Minister Nirmala Sitharaman, convened on Saturday, December 21, 2024, and made several key decisions. The Council decided to impose an 18% GST on the margin value from the sale of used electric vehicles (EVs) by businesses. Additionally, it clarified that caramel popcorn will continue to …
India’s foreign exchange reserves have dropped $1.98 billion, reaching a six-month low of $652.87 billion as of December 13, 2024. The reserves had touched a record high in the week ending September 27, when they reached $705 billion. Reserves Declined Last Week For the previous week, reserves dropped by $3.24 billion, bringing them down from …
In a significant shift in the global energy market, oil prices have dropped below $70 per barrel, raising concerns over slower demand growth, especially in China, the world’s largest importer of crude oil. As of Friday, the price of Brent crude futures fell by 39 cents, settling at $68.99 per barrel. Similarly, US West Texas …
