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Articles for Economy

Resolutions Under IBC Up By A Record 42% In FY 2024; Real Estate And Manufacturing Accounts For 65% Of Cases

The year saw resolution plans with recovery rates of approximately 27 per cent of the admitted claims, lower than roughly 36 per cent realized in fiscal 2023

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GVA Growth Of Agri, Forestry, Fishing To Rise To 3.7% In FY25: Icra

As of 26 July 2024, the cumulative area sown under kharif crops has increased by 2.3 per cent year-on-year (YoY) basis

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Rental Income In Key Indian Cities Spiked Over 14%: Report

The highest rents are in the cities of Mumbai Rs 82.28 psf per month, Delhi Rs 33.72 psf per month and Thane Rs 29.84 psf per month

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Over 73% Of Agriculture Budget Goes Towards Welfare Measures, Subsidies: ICRIER

The report suggests ways to re-orient these policies and with better preparation. However, the key question for the government is whether they are ready to take these bold steps to transform the rural agriculture sector

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PM Modi To Address Global Conference Of Agricultural Economists On Saturday

The conference will witness the participation of around 1,000 delegates from around 75 countries, the PMO release added

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GST Collections For July At Rs 1.82 Tn, Up 10.3% YoY

In the April-July 2024 period, gross GST collections totaled Rs 7.38 trillion, up 10.2 per cent from Rs 6.70 trillion in the same period the previous year

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Construction Players To Offset Competition With Operating Leverage, Stable Margins Likely In FY25e: Icra

The government’s continued infrastructure push and adequate order book position will result in double-digit revenue growth (12 to 15 per cent) for the Indian construction sector in FY2025e

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July GST Collections Reach Rs 1.82 Lakh Cr, Grow 10.3% YoY

So far in 2024, the total GST collection has been 10.2 per cent higher at Rs 7.38 lakh crore, as against Rs 6.70 lakh crore mopped up in the corresponding period of 2023

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Middle-Income Trap Stalls Progress In 108 Developing Countries, Including India: World Bank

At the end of 2023, 108 countries were classified as middle-income, each with annual GDP per capita in the range of USD 1,136 to USD 13,845

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India’s Tour And Travel Operators To Enjoy 15-17% Revenue Growth In FY25: Crisil

Crisil states that growing spiritual tourism, increased preference for micro-holidays or quick gateways, aided by improved infrastructure have led to the growth in the domestic tourism market

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