The MSP increase is aimed at providing a safety net for farmers, amidst a moderation in inflation, while the DA hike is expected to benefit around 4.91 million employees and 6.48 million pensioners

The combined impact on the exchequer due to the DA and DR increases would be Rs 9,448.35 crore per annum, according to the press statement

The new bridge in Varanasi will feature four railway lines and a six-lane highway. It is being designed to last for 150 years and will span over one kilometre in length

The group of ministers (GoM) on GST compensation cess, under Minister of State for Finance Pankaj Chaudhary, on Wednesday discussed merger of compensation cess into GST. States suggested that during the transition of cess, once it is decided to merge with taxes no new goods should be added to the list of luxury, sin and demerit goods. States were of the view that since the compensation cess ends in March 2026, the only way to restructure it is to merge the levy with the taxes and bring about sep

The highest MSP hike was given to Rapeseed and Mustard, with a rise of Rs 300 per quintal (from Rs 5,650 to Rs 5,950), followed by Lentil (Masur), which saw an increase of Rs 275 per quintal

Exports stood at $34.58 billion in September, while imports were at $55.36 billion during the month

Experts argue that India's economy has not created enough quality jobs to meet the needs of its growing labour force, particularly for young, educated individuals

A BigMint analyst said China's latest economic stimulus measures provided a short-term boost to steel prices, driven by infrastructure spending and interest rate cuts

The decline is said to be mainly due to a 79% drop in investments in the office sector

New Delhi [India], October 15: The real estate market in Chandigarh Tricity, comprising Chandigarh, Mohali, and Panchkula, is witnessing a paradigm shift. The demand for luxury homes, traditionally associated with grandeur and opulence, is now evolving to embrace sustainability. Homebuyers increasingly seek properties that balance luxury with eco-consciousness, driving developers to adopt green building practices.

Shapoorji Pallonji Real Estate (SPRE) has formed a joint venture with Kanodia Group's real estate venture Kreeva to develop a luxury residential project in Gurugram. The land is located at Sector 46, Gurugram. Spanning across 1.74 acres, the project will consist of luxury apartments, targeting homebuyers in the National Capital Region (NCR), the company said in a statement. Venkatesh Gopalakrishnan, Director Group Promoter's Office, MD & CEO, Shapoorji Pallonji Real Estate (SPRE), said, We are e

Private equity investments in the Indian real estate sector declined 4 per cent to USD 2.3 billion in the first half of this fiscal year due to lower inflow in office assets, according to Anarock. Real estate consultant Anarock noted that the total number of deals declined to 17 in April-September this year from 24 in the corresponding period of the preceding year. Shobhit Agarwal, MD & CEO of ANAROCK Capital, said, Private equity investments in offices are primarily driven by foreign investors,

The sharp fall in transaction value can be attributed to the absence of large-scale deals, said the Grant Thornton report

US-India Strategic Partnership Forum President and CEO Mukesh Aghi on Monday emphasised that exports are going to be a major job creator for India as the country moves towards becoming a USD 5 trillion economy. Aghi, who was speaking at an event organised by the USISPF, also stressed that India and the US should continue to strengthen their economic engagements and increase the bilateral trade to USD 500 billion going forward. He said creating nearly 1.2 million jobs per month is going to be a c

Equity investments in Indian real estate rose 46 per cent to USD 8.9 billion during January-September this year, according to CBRE. Real estate consultant CBRE noted that the equity investment in real estate is the highest since 2018 calendar year. Equity investments include those by private equity funds, pension funds, sovereign wealth funds, institutional investors, real estate developers, real estate fund-cum-developers, investment banks, corporate groups, and REITs, etc. As per the data, the

Indigenous tourism is projected to contribute USD 67 billion to the global economy by 2034, according to the World Travel & Tourism Council (WTTC). 'Supporting Global Indigenous Tourism,' a report released by the world tourism body at its recent Global Summit at Perth in Western Australia showcases the role of indigenous tourism in driving economic growth, particularly in remote regions, and its vital contribution for cultural preservation and community empowerment. Speaking at the summit, Julia

A child who receives glasses at age five and wears them consistently until age 18 could earn 55.6 per cent more over their lifetime than those who never have their vision corrected

Hyderabad (Telangana) [India], October 11: In a dynamic conversation on The Ranveer Show, Ajitesh Korupolu, Founder & CEO of ASBL, shares his cutting-edge insights on navigating India's Real Estate market. Well known for his new-age thought leadership qualities, Ajitesh dives deep into strategies for wealth generation, challenging conventional thinking and encouraging a more strategic approach to property investments in 2024.

South Korea's central bank on Friday cut its policy rate for the first time in more than four years as pressure to revive a sluggish economy outweighed concerns about the country's level of household debt. The Bank of Korea lowered its key interest rate by a quarter percentage point to 3.25% following a meeting of its monetary policy committee, in its first move to lower borrowing costs since May 2020, when the economy was weathering the COVID-19 pandemic. The bank raised the rate by a quarter p

US inflation last month likely reached its lowest point since February 2021, clearing the way for another Federal Reserve rate cut and adding to the stream of encouraging economic data that has emerged in the final weeks of the presidential campaign. The consumer price index is expected to have risen just 2.3% in September from 12 months earlier, down from the 2.5% year-over-year increase in August, according to economists surveyed by FactSet, a data provider. A reading that low, likely reflecti

China plans to issue special bonds worth about 2 trillion yuan ($283.43 billion) to support household consumption and help local governments tackle their debt problems

They said one of the reasons for emerging markets poor performance was underinvestment in clean energy projects, especially in emerging markets excluding China

The industry experts believed that a rate cut would have helped the momentum to continue amid the festive quarter

As the festive season approaches, India's gig economy is set to create around one million jobs, driven by demand in e-commerce, retail, and logistics, with a notable rise in female participation

Prime Minister Narendra Modi on Tuesday accused the Congress of being involved in a global conspiracy to weaken the Indian economy and democracy, and defame its institutions as the opposition party took aim at the Election Commission following its defeat in the Haryana assembly elections. As BJP workers revelled in the party's best-ever electoral performance in Haryana as well as Jammu and Kashmir, Modi delivered a victory speech from its headquarters, asserting that politics of development has

Private equity investments in the real estate sector jumped over twofold to USD 2.2 billion in July-September as investors look for gains amid strong property demand, according to Savills India. In the year-ago period, private equity (PE) investments in real estate stood at USD 934 million. Real estate consultant Savills India also noted that the PE inflows stood at USD 3.9 billion during the January-September period of this calendar year, touching the investment quantum registered in the entire

China's economic planning agency outlined details of measures aimed at boosting the economy on Tuesday but refrained from major spending initiatives. The piecemeal nature of the plans announced Tuesday appeared to disappoint investors who were hoping for bolder moves, and Shanghai's benchmark gave up a 10 per cent initial gain as markets reopened after a weeklong holiday to trade just 3 per cent higher. The head of the National Development and Reform Commission said the government will frontload

Although Israel's debt-to-GDP, a core metric for economic health, stood at 62 per cent last year, borrowing needs have blown out

Only three-four countries in the past 100 years have transformed themselves into developed nations - Japan, Taiwan, South Korea; and China in the 1990s

New project announcements by the private sector fell by 21 per cent between FY23 and FY24, Jairam Ramesh pointed out

Ambur (Tamil Nadu) [India], October 5: Ambur is on the verge of a remarkable transformation, with a wave of infrastructural and industrial projects set to propel it into a bustling metropolitan hub. A variety of developments, from enhanced transportation networks to large-scale industrial expansions, are rapidly reshaping the city's landscape. These initiatives are not only boosting Ambur's connectivity and economic potential but also laying the groundwork for its emergence as a key urban center

After 1,080 days as president, Joe Biden on Friday decided to pop in and take questions in the White House briefing room for the first time, striding in with a grin after a strong monthly jobs report and the temporary settlement of a strike by ports workers. The president has been less available than his recent predecessors to questions from White House press corps, making his surprise appearance welcome to the gathered reporters who waited as his press secretary's daily briefing was moved up 15

Yellen's remarks come at a time when immigration is a central issue in the US presidential election campaign ahead of the November 5 vote

Sri Lanka's new president faces uphill battle to revive debt-ridden economy

Institutional investments in real estate grew 45 per cent to nearly USD 1.15 billion in July-September with investors looking to encash the strong demand for premium homes and offices, according to Colliers. Consultant Colliers India data showed that the institutional investments in real estate during July-September stood at USD 1,148.7 million as against USD 793.4 million in the year-ago period. Among different assets class in the overall real estate market, the consultant noted that office seg

At dawn in mid-May, Sayyed Ayyed and dozens of other unemployed Palestinian men gathered at the foot of the towering wall of concrete and barbed wire dividing the occupied West Bank from Israel. A smuggler was there with a ladder and ropes. Each man handed over the equivalent of $100. Ayyed waited his turn as others clambered over. The 30-year-old father of two young daughters hadn't found work for a year. Debts were mounting. Rent had to be paid. On the Israeli side, there was the lure of work

The depth of discussion on the economic linkages and laws are not examined in as much detail to justify the use of the noun Economy in the title

Realty firm Birla Estates has sold properties worth about Rs 600 crore in its new housing project in Bengaluru. Birla Estates, a wholly owned subsidiary of Aditya Birla Real Estate Ltd (formerly Century Textiles and Industries Ltd) said in a regulatory filing, Birla Trimaya Phase II The Park, has sold almost 95 per cent of its inventory within 24 hours of its launch achieving an approximate booking value of about Rs 600 crore. In the first phase of this project, the company had sold properties w

Federal Reserve Chair Jerome Powell signalled on Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy. His comments, at a conference of the National Association for Business Economics in Nashville, Tennessee, disappointed the hopes of many investors that the Fed would implement another steep half-point reduction in its key rate before the end of the year. The Fed cut its rate by a larger-than-usual h

A good monsoon also remains crucial for replenishing reservoirs, drinking water, and power generation

Prime Minister Keir Starmer, whose Labour Party won power in July, is seeking to speed up economic growth

The stance of financial policy must not be to prevent lending against the field of real estate. It must be to support the financing that induces ample supply, which will keep real estate prices down

Sydney [Australia], September 28: In celebration of World Tourism Day 2024, Champions Club, a premier lifestyle and experiential brand, has announced a suite of luxury offerings at NATCON, that promise to redefine the intersection of real estate, hospitality, and sustainable tourism. These new services--featuring high-end longevity clubs, luxury helicopter and charter operations, and eco-friendly beachfront homes with integrated lagoon amenities--are designed to provide developers with an opport

For the coming years, the industry seems optimistic on their bet on the expressway

The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said Thursday, leaving its previous estimate unchanged. The Commerce Department reported that the nation's gross domestic product the nation's total output of goods and services growth picked up sharply in the second quarter from the tepid 1.6% annual rate in the first three months of the year. Consumer spending, the primary driver of the

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China's mega banks have been under growing pressure from regulators to shore up the struggling economy by offering cheaper loans to risky borrowers

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Delta Corp rallied 6.77% to Rs 138 after the company's board approved demerger of its hospitality and real estate business into a newly incorporated company named as Delta Penland (DPPL).

Delta Corp's board has approved the demerger of its hospitality and real estate business to Delta Penland Private Ltd (DPPL)