Government to identify 100 districts to develop as export hubs: DGFT
“Our idea is to involve more youngsters at the district level (like collectors) so that they see the initiative to boost export as a core function, and not a peripheral function,” Sarangi said. The phase one of the plan will cover 75-100 districts, which could go up in the next leg.
India’s new foreign trade policy, explained in 5 charts
Unveiling the much-awaited Foreign Trade Policy, Commerce Ministry on Friday broke the tradition of a policy lasting for five years and will instead adopt a ‘long-term’ focus. There is no end date to the policy and will be updated as and when necessary, the ministry said.
Fiscal deficit till February hits 83 per cent of FY23 target at Rs 14.5 lakh crore
In absolute terms, the fiscal deficit hit ₹14.54 lakh crore in the first 11 months of FY23, against Rs 13.17 lakh crore a year earlier. Net tax revenues grew at a healthy pace of 17% until February this fiscal year, blunting the impact of a 20% drop in non-tax revenues, a 9% increase in revenue […]
CBDT signs 95 Advance Pricing Agreements in FY23
This includes 63 Unilateral APAs (UAPAs) and 32 Bilateral APAs (BAPAs). With this, the total number of APAs since inception of the APA programme has gone up to 516, comprising 420 UAPAs and 96 BAPAs. “The BAPAs were signed as a consequence of entering into Mutual Agreements with India’s treaty partners namely Finland, the UK, […]
Government exceeds FY23 RE target of combined disinvestment, dividend mop up
The revised estimates (RE) had pegged receipts from disinvestment and dividend at Rs 93,000 crore. In 2022-23, dividend receipts stood at Rs 58,988.34 crore and disinvestment receipts at Rs 35,293.52 crore. Together, the government has realised Rs 94,281.86 crore as disinvestment and dividend proceeds from CPSEs as on March 31, 2023.
Tech View: Nifty forms morning star pattern on weekly scale. What should traders do next week
Nifty as per weekly chart formed a long bull candle, which indicates a sharp reversal in the market on upside. After declining continuously for the last three months a doji type candle pattern was formed as per monthly time frame chart. This is a positive signal as per long term charts.
These 5 Hybrid Funds gave high returns to investors over 3-5 years
The aim of Hybrid funds is to balance the risk-reward ratio, thereby, optimising the return on investments.
Saurabh Mukherjea is gung-ho on 2 pharma stocks; adds Prudent Corporate. Here’s why
Founder of Marcellus Investment Managers, Saurabh Mukherjea, advises investors to identify businesses with unique skill sets and distinctive capabilities, and ones where the promoter is an honest person. He suggests investing in financial services platforms such as Prudent Corporate, as well as companies with high revenue growth, such as Divi’s Labs and Dr Lal PathLabs, […]
Expect RBI to deliver final rate hike of 25 bps next week: Kotak Mahindra Bank
Incremental rate hikes from these two key central banks will depend on how incoming macro data and financial markets conditions evolve over the next few weeks and months, said Lakshmi Iyer, CEO-Investment & Strategy, Kotak Investment Advisors.
Global headwinds to deeply impact IT revenue growth in FY24, says Crisil
India’s IT service industry is expected to witness a plunge in revenue growth by up to 9 percentage points in FY24 due to prevailing global economic conditions, according to Crisil Ratings. The report forecasts that growth for the Rs 10 lakh crore sector will fall to between 10-12% compared to almost 20% estimated in FY23. […]