Economy - The Purbottar

24 Oct

India looks to deepen trade links with Germany

Purbalee DuttaEconomy

Commerce and Industry Minister Piyush Goyal will visit Berlin on Thursday to strengthen India’s trade and economic partnership with Germany, Europe’s largest economy and a key global industrial center, the commerce ministry said in a statement. The visit, marking 25 years of the India-Germany strategic partnership, aims to deepen bilateral investment ties and support progress in the India-EU free trade agreement (FTA) talks, which have gathered pace in recent months. Germany plays a vital role in shaping EU trade policy and is a global leader in advanced engineering, automotive technology, and sustainable manufacturing. During his visit, Goyal will meet Germany’s…

16 Sep

ITR Filing Deadline Extended Twice: Here’s Why You Have Till September 16

editorBusiness, Economy

In a statement issued late Monday night, the CBDT announced that the income tax ITR filing deadline has been extended from September 15 to September 16. ITR Filing Due Date Extended: In a late-night statement on Monday, the Central Board of Direct Taxes (CBDT) extended the deadline for filing ITRs (income tax returns), providing relief to taxpayers. The ITR filing deadline has been extended by one day to September 16, meaning that the last day to file is today. In a statement issued late Monday night, the CBDT announced that the income tax ITR filing deadline has been extended from…

13 Feb

Innovative ‘Mindfulness City’ Project Seeks to Revitalize Bhutan’s Economy

editorBhutan, Economy

Bhutan has announced plans for the Gelephu Mindfulness City (GMC), a $100 billion project designed to redefine capitalism by emphasizing sustainability and well-being. Led by former Prime Minister Dr. Lotay Tshering, now governor of the GMC, the initiative aims to attract foreign companies practicing "mindful capitalism." The project is part of broader economic reforms addressing challenges like youth unemployment, a declining birth rate, and sluggish tourism recovery post-pandemic. The GMC will feature a low-rise metropolis integrating ecological harmony and spiritual contentment, with all operations powered by renewable energy. Bhutan seeks to leverage its hydropower potential and educated, English-speaking populace while…

11 Feb

Bangladesh Demonstrates Robust Economic Growth

editorBangladesh, Economy

Despite global economic uncertainties, Bangladesh has showcased impressive economic growth, driven by its strong manufacturing sector, particularly in textiles and garments. The government's focus on infrastructure development and favorable trade policies has attracted foreign investments. However, challenges such as energy shortages and the need for sustainable development persist. Regional cooperation initiatives, like the Bangladesh-Bhutan-India-Nepal (BBIN) framework, aim to address these issues by enhancing connectivity and energy collaboration among neighboring countries. ---

21 Jan

The World Economic Forum has started its annual meeting in Davos, Switzerland

editorEconomy

The World Economic Forum (WEF) commenced its annual meeting in Davos, Switzerland, bringing together global leaders to discuss pressing economic challenges. Key topics include inflation, supply chain disruptions, and sustainable development. Notable sessions feature discussions on digital transformation and climate change mitigation strategies. The forum serves as a platform for policymakers and business leaders to collaborate on solutions to foster global economic stability and growth.

20 Jan

Bhutan’s GMC plan will promote “mindful capitalism”

editorEconomy

Bhutan has announced plans for the Gelephu Mindfulness City (GMC), a $100 billion initiative aimed at addressing economic challenges such as youth unemployment and brain drain. Spanning an area three times the size of Singapore, GMC will promote "mindful capitalism," integrating ecological harmony and spiritual well-being with economic development. Former Prime Minister Dr. Lotay Tshering, now GMC's governor, emphasized the project's potential to attract foreign companies committed to sustainability. Despite its ambitious vision, the project faces financial and political challenges, including potential influences from neighboring India and China.

08 Aug

Both Sensex and Nifty are in the red today

Banasree SarkarEconomysensex

The Reserve Bank's monetary policy meeting concluded today. And in this monetary policy meeting, the repo rate was already being discussed. But to everyone's disappointment, there was no change in the repo rate even in the ninth monetary policy meeting (Stock Market Today). And under its influence, the stock market (Sensex Today) fell by 250 points when it opened this morning. Sensex and Nifty both indices (stock market crash) are in red today. Investors were hoping for a change in interest rates, but the market is not supporting it. However, the pharma index rose 1 percent in the market today.…

24 Jul

Jitendra Chaudhury calls Union Budget ‘Anti-Poor, Pro-Corporate

Priyanka BhowmickEconomy, Education

Tripura's Leader of Opposition, Jitendra Chaudhury, has criticized the Union Budget for 2024-25, labeling it as pro-corporate and alleging that it primarily benefits large businesses. Chaudhury, who is also a CPIM MLA, expressed disappointment with the budget's focus, asserting that it does little to address pressing issues such as job creation and rural inequalities. “While I haven’t had the chance to review the budget in detail, initial reports and Finance Minister Nirmala Sitharaman's speeches indicate that there are no significant changes from previous budgets,” Chaudhury said. He highlighted that the budget lacks specific measures for job creation or solutions for…

06 Jul

States/UTs in India having the highest GDP per capita

Ashish MajumderEconomy

Actually GDP per capita of a country is calculated by dividing total GDP of the country by its total population. Right now India’s GDP per capita is $2,677. In fact among states/UTs, Sikkim has the highest GDP per capita at $8,691. Actually it is followed by Goa ($8,370), Delhi ($6,690), Chandigarh ($5,905), Telangana ($4,745), Karnataka ($4,637) and Haryana ($4,581). This is actually good news as India is becoming very strong economy and giving people very good life. Actually India is very big economy and people all over the world know how much powerful India is. If you see today India…

21 May

Spices Board inspecting MDH, Everest plants; Efforts underway to growth compliance

editorBusiness, Economy, News

Data shared by the Ministry of Commerce and Industry on Monday showed that the maximum residue level (MRL) for EtO in Singapore was 50 mg/kg, while in the EU it was 0.02 to 0.01 mg/kg and in Japan it was 0.01.The Spices Board of India is carrying out inspections at several MDH and Everest processing plants in the country to ensure that spice exports meet the requirements of the respective export destination, senior government officials said on Monday, adding that they have also suggested corrective action such as the use of steam sterilization, Also added actions. The focus is on…