Implementation of an agriculture-specific package, extending MGNREGA work days to 200, quickening GST refunds, and establishing a thorough manufacturing strategy to address Chinese imports were some other demands raised by Rashtriya Swayamsevak Sangh (RSS) affiliated organizations in their discussion with Nirmala Sitharaman.
Snapping its two-day falling streak, the 30-share BSE Sensex rose by 368.40 points or 0.47% to settle at 78,507.41 on the first trading session of 2025. During the day, it surged 617.48 points or 0.79% to 78,756.49.
In rural India, food accounted for 54% of the ₹349 rise in spending. Vegetables, beverages and processed food, and dairy products contributed 35% of this growth, as per National Statistics Office’s Household Consumption Expenditure Survey (HCES). Urban areas saw non-food items driving 54% of the ₹537 increase, led by miscellaneous goods and entertainment, clothing and footwear, and education.
“Asset quality improved, with the gross non-performing assets (GNPA) ratio falling to its lowest in 13 years at 2.7 % at end-March 2024 and 2.5 % at end-September 2024,” as per the Reserve Bank of India’s report on Trend and Progress of Banking in India 2023-24.
The GST Council’s decision to raise the tax rate on pre-owned vehicles from 12% to 18% has sparked concerns about affordability, demand, and sustainability in India’s burgeoning used-car market.
Google’s workforce reductions mark the fourth such round this year, part of an ongoing efficiency campaign initiated by Alphabet Inc. in September 2022.
The Indian stock market experienced a steep decline on Dec 19 with Sensex plunging over 1000 points and Nifty slipping below 24,000 following the US Federal Reserve's projection of fewer interest rate cuts in 2025 due to persistent inflation, dragging down major stocks like HDFC Bank Infosys and Reliance Industries.
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