Category: Economy
All the news that concerns the the trade, jobs, growth and economy of India and other countries in asia, europe.
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Heiress Takes on Billionaires: Marlene Engelhorn Joins Davos Protests
Davos, Switzerland—The idyllic Alpine town turned into a battleground of ideologies this past Sunday as protests against the World Economic Forum (WEF) brought traffic to a halt. Chanting slogans like “Economy for all” and “Tax the rich,” demonstrators challenged the gathering of billionaires and global leaders, accusing them of being out of touch with the…
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Streamlined Taxation: Government to Slash Income Tax by 60%
In a significant move aimed at overhauling the country’s tax structure, the government is set to introduce a new Income Tax Bill during the upcoming Budget session of Parliament. This ambitious legislation seeks to streamline and simplify the existing Income Tax (I-T) law, reducing its complexity and volume by nearly 60%, making it easier for…
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Corporate Leaders Spark Outrage with Calls for 70-90 Hour Workweeks
Recent remarks by two prominent corporate leaders—Larsen & Toubro (L&T) Chairman S.N. Subrahmanyan and Infosys Founder Narayana Murthy—have ignited a heated debate across India. Subrahmanyan advocated for a 90-hour workweek, while Murthy suggested a 70-hour workweek, sparking concerns about the implications for worker welfare and the job market. These controversial statements have spotlighted the ongoing…
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RBI Governor Sanjay Malhotra Projects Economic Revival Amid Global Challenges
Facing mounting criticism for prioritizing inflation management over economic growth, newly appointed RBI Governor Sanjay Malhotra addressed key issues surrounding India’s economic landscape. Emphasizing stability and resilience, Malhotra expressed optimism for the Indian economy’s revival in 2025, underpinned by robust consumer and business confidence. In his foreword to the latest Financial Stability Report, Malhotra reiterated…
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Indian Household Spending: A Shift Toward Non-Food Expenses
Indian households are increasingly prioritizing non-food expenditures such as transport, garments, and entertainment, signaling a notable shift in consumption patterns for 2023/24. Meanwhile, spending on staple foods like wheat and rice has declined, according to the latest government Household Expenditure Survey. Non-Food Items Dominate Spending in Rural and Urban Areas The survey, conducted from August…
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Rupee’s Struggle Intensifies: Closes at Record Low Against Dollar
The rupee has once again faced a tough trading session, sliding to a new record low against the dollar for the third consecutive day. On Thursday, it ended at 85.26, a decline of six paise from its previous close. The currency also touched an all-time intraday low of 85.28, as strong dollar demand overshadowed sellers…
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