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For American brands worried about China, Is India the future?
The surge of multinational brands in India's manufacturing sector signals a shift towards diversification and job creation. Companies like Shree Krishna are fulfilling substantial orders for global retailers, highlighting India's growing importance in the global supply chain.
Only 17% of targets to improve life around the world are likely to be reached by 2030, UN reports
Despite incremental progress in some areas, global sustainable development remains hindered by slow advancement and persistent challenges. Efforts in expanding technology access and renewable energy capacity show promise, but significant work is needed to address issues like gender equality and education to achieve the 2030 goals.
Budget 2024 Section 80D Exemption: Why govt should increase Section 80D tax exemption limit for health insurance under old tax regime
Budget 2024 Section 80D Exemption: Taxpayers who have opted for the old tax regime are hoping for an increase in the limit under section 80D in the upcoming July 2024 budget, considering the significant rise in healthcare costs.
Not e-comm alone, one has to be in modern trade, in kirana stores also to build scale: Sunil D'Souza, Tata Consumer
Sunil D'Souza of Tata Consumer says today's consumer who is coming of age is the consumer who is born in a liberalised India. They have seen an India which is confident, growing with an accelerating GDP. So, these consumers are very confident of going out and spending. It is not only premiumisation, the consumer will move to value also.
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
Health insurance rules changed for senior citizens: Be ready for a 10-15% hike in health insurance premiums
In a major reform, Insurance Regulatory and Development Authority of India (IRDAI) has removed the ceiling of 65 years for a person to buy a health insurance policy. Additionally, the waiting period for pre-existing conditions has been reduced from four to three years. Both these rules have been effective from April 1, 2024. Will these new rules help uninsured senior citizens get health coverage? How easy is it now to buy a health insurance policy for the first time at the age of, say, 70? Find out here
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Byju’s India CEO out; ShareChat valuation drops 60%
Byju’s India CEO Arjun Mohan has resigned after just six months in the job. Founder Byju Raveendran will fill in the role for now. This and more in today’s ETtech Top 5.
10 Best Overhead Showers under Rs. 500 for a rainfall-like experience
Experience luxury on a budget with this curated list of the best overhead showers under 500 rupees. These shower heads boast an understated aesthetic, perfect for modern bathrooms seeking a clean and minimalist look. Crafted with convenience in mind, they feature effective designs that make cleaning a breeze. Whether you prefer a sleek square design or a classic round shape, this selection caters to diverse preferences and styles. Read on to upgrade your bathroom with these stylish and functional showers at an affordable price point.
ETPWLA 2024: The foremost women leadership awards to put DEI front and centre
Ahead of International Women’s Day, the ET Prime Women Leadership Awards 2024 (ETPWLA 2024) virtual launch summit, to be held on March 7, 2024, will spotlight the most pertinent issues, challenges, and insights related to advancing diversity, equity, and inclusion in the workplace and the larger economy.
Smaller IPOs an alternative for shrinking VC exits: Blume report
According to a report from Blume, startups which are not seeing a lot of interest from growth investors, or hitting a growth ceiling and ‘feel better to build profitably than burn for growth’ should be exploring IPOs.
Google delists Indian apps; Paytm distances itself from banking arm
The tussle between Google and Indian internet companies over Play Store policies intensified on Friday with the US tech major delisting some local apps. Details on this and more in today’s ETtech Top 5.
Budget 2024: Realtors seek tax benefits for homebuyers, affordable housing limit revamp
Real estate developers seek an increase in deduction of principal repayment of home loans and the reintroduction of the Credit Linked Subsidy Scheme (CLSS) for middle-income group. They also suggest reduced stamp duty as part of their recommendations to the Finance Ministry for the upcoming Union Budget.
India in 2023 focused on acquiring new military platforms, weaponry to boost combat prowess
The Indian troops guarding the nearly 3,500 km Line of Actual Control (LAC) maintained an assertive approach as the eastern Ladakh border spilled into the fourth year even as both sides held several rounds of high-level military and diplomatic talks to resolve it. The face-off between the two of the planet's biggest military forces mainly continued in Demchok and Depsang regions though both sides completed disengagement in several other friction points.
CNG prices may pinch as cheap gas quota is cut sharply for distributors
The government allocates price-controlled domestic gas, or APM gas, to city gas distributors for further sale to CNG drivers as well as to households for cooking. Supplies meant for cooking remain unaffected by the government decision but those for CNG have been cut, city gas executives said.
Want to live longer? Get a grip!
A 2022 study found that feeble handgrip strength was a ‘biomarker of aging’. The weaker your grip strength, the olderyour biological age, found the study.
US debt ceiling bill set for tight vote in House
The US House of Representatives is voting on a bill to lift the US debt ceiling and stave off default by Monday if action isn't taken, which could result in a destabilizing economic crisis according to President Biden. The bill, which also includes caps on government spending, permitting processes for some energy projects and expanding work requirements for food aid programs, would remove the debt ceiling through Jan. 1, 2025, allowing the contentious issue to be set aside until after the 2024 presidential election. The bipartisan deal needs support from both Kevin McCarthy's Republicans and President Biden's Democrats to pass.
US debt ceiling deal to face its first test in Congress
Both Democratic President Joe Biden and the top Republican in Congress, House Speaker Kevin McCarthy, have predicted they will get enough votes to pass it into law before Monday, when the U.S. Treasury Department says it will not have enough money to cover its obligations. Representative Stephanie Bice, a Republican vote counter, said she was confident it would pass.
US may run short of cash after June 1 without debt limit hike -Treasury
The United States Treasury warned that the government could run out of cash to pay its bills as soon as June. The Treasury Secretary Janet Yellen sent a letter to Congress informing that the agency will be unable to meet U.S. government payment obligations by early June, urging Congress to raise the debt limit.
Best Havells Ceiling Fans that Work Best for Your Space
Add a dash of elegance, performance, comfort, and safety with the Havells ceiling fans for your home. With easy installation, the range of Havells ceiling fans is built to be energy-efficient. So, to upgrade your home with the most trendy and unique designer fans, explore the range of Havells ceiling fans online, as shared in this article.
What will happen to your EPF, EPS if govt hikes PF wage limit to Rs 21,000?
As per The Economic Times report, the government is considering raising the monthly wage threshold limit from Rs 15,000 currently to Rs 21,000. If this proposal goes through, this will have an impact on your EPF corpus, EPS contribution, amount of pension you are eligible to receive among others. The last time government hiked the wage ceiling limit in September 2014.
Small Saving Schemes Announcements: Senior Citizens, women get a chance to increase their savings via SCSS, Mahila saving scheme
The government has also increased the cap for individuals under the monthly income scheme by two times, to Rs 9 lakh. Mahila Samman Savings Certificate, a unique one-time small deposits programme for women, allows for savings of up to Rs 2 lakh.
Higher investment limit in saving schemes aimed at benefiting senior citizens, middle class: Fin Secy
The top bureaucrat in the finance ministry said the decision to revise the ceilings will come at a cost as the government can raise funds at a cheaper rate compared to the 8 per cent interest that it gives under the Senior Citizen Savings Scheme. "Taking into account the welfare of senior citizens, for whom fixed income instruments are the main source of income... it was decided that this is a cost which the government should bear and therefore the ceilings were increased," he said.
NPS investors can now invest up to 75% in equity till age of 60
The maximum amount that NPS may invest in Asset Class E (equity) assets under its Active Choice programme has been raised to 75% by the Pension Fund Regulatory Authority (PFRDA).
Times Face-off: Is it time to lift the 50% ceiling on total reservation?
While Article 16 (4) of the Constitution has provided reservation in public employment to backward classes, unfortunately the Constitution originally enacted did not provide for reservation in education. This led to insertion of Article 15(4) by way of the very first amendment to the Constitution extending reservation to education.
Road Ministry seeks legal opinion on states lowering traffic fines below ceiling
Post imposition of the Motor Vehicles (Amendment) Act, 2019, from September 1, hefty penalties by police for breaking traffic rules have hit the headlines.
Pension funds come of age, give more returns than PF
The NPS schemes for the general public have also done very well, thanks to the bullishness in the equity markets and the recent rally in bonds.
Budget 2014: Provident Fund wage ceiling increased from Rs 6,500 To Rs 15,000
The government lent a helping hand to senior citizens and marginalized sections of society, promising an array of measures to bolster pension and provident fund schemes.
Budget 2011: Tax exemption increase to Rs 5 lakhs for 80 years old
Tax exemption limit for men below 60 years was increased by 20,000 to 1.8 lakh and for senior citizens by 10,000 to 2.5 lakh.
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