DDIndia Business: Economic Headlines & Updates

Business

December 13, 2024 11:59 AM

Industry must skill, provide job opportunities to disabled: Piyush Goyal

Industry must devise ways to skill, train, and provide employment opportunities to physically impaired citizens, said Union Minister of Commerce and Industry Piyush Goyal. Goyal said this during his address at the BML Munjal Awards 2024 in New Delhi...

December 13, 2024 10:56 AM

Nifty, Sensex decline amid weak global cues, Fed rate cut anticipation

India's benchmark indices opened lower on Friday, weighed down by weak global cues and uncertainty ahead of the U.S. Federal Reserve's expected rate cut next week. The Nifty slipped by 50.35 points, or 0.21 percent, to open at 24,498.35, while the S...

December 12, 2024 10:23 PM

Over 2.2 crore women-owned MSMEs registered in last 4 years

Over the past four years, India has witnessed a remarkable surge in women-led enterprises, with more than 2.2 crore women-owned Micro, Small, and Medium Enterprises (MSMEs) registering under government initiatives. This growth stems from the revised ...

December 12, 2024 7:18 PM

Retail inflation declines to 5.48% in November 2024

India’s retail inflation eased to 5.48% in November 2024, declining from 6.21% recorded in October, according to data released by the Ministry of Statistics and Programme Implementation. The inflation rate for November remained within the Reserve B...

December 12, 2024 6:42 PM

PSB reforms: financial inclusion, credit growth and employee welfare

The central government has implemented a series of reforms over the past decade aimed at improving the performance of Public Sector Banks (PSBs). These measures have addressed challenges such as non-performing assets (NPAs), financial inclusion, and ...

December 12, 2024 5:27 PM

IIP growth rises to 3.5 per cent in October from 3.1 pc in September

India's industrial production grew by 3.5% in October 2024, slightly up from 3.1% in September, according to the Quick Estimates released by the Ministry of Statistics & Programme Implementation on Thursday. The data reflect a gradual recovery in...

December 12, 2024 5:29 PM

IEA expects comfortably supplied oil market in 2025 despite demand hike

The world oil market will be comfortably supplied in 2025, the International Energy Agency (IEA) said on Thursday, even after producer group OPEC+ extended oil supply cuts and a slightly higher than expected demand forecast. The outlook from the IEA...

December 12, 2024 4:58 PM

Financial Intelligence Unit uncovers undisclosed income of Rs. 11,000 crore in 2024, seizes assets and criminal proceeds: Centre

The Financial Intelligence Unit-India (FIU-IND) detected undisclosed income worth nearly Rs. 11,000 crore in 2024, the Finance Ministry informed on Thursday. As per the intelligence shared by the FIU-IND with the law enforcement agencies (LEAs), it ...

December 12, 2024 4:48 PM

India’s FDI journey reaches $1 trillion milestone

India has marked a significant achievement in its economic progress with foreign direct investment (FDI) inflows crossing the $1 trillion mark since April 2000. This milestone comes alongside a notable 26% increase in FDI, reaching $42.1 billion duri...

December 12, 2024 3:38 PM

Tax refunds up by 46.31% to ₹3.08 lakh crore in April-Nov 24: Finance Ministry

The Finance Ministry announced on Thursday that tax refunds between April 1 and November 27, 2024, surged by 46.31% compared to the same period last year. In the financial year 2024-25, refunds amounting to ₹3.08 lakh crore were issued, significant...