Economy National

Economists Recommend Income Tax Cuts in Budget 2024

By BPN News Desk December 26, 2024

Prominent economists have urged Prime Minister Narendra Modi to consider reducing income tax rates in the upcoming Budget 2024 to provide relief to middle-class and salaried taxpayers. This recommendation comes as part of broader consultations aimed at addressing the financial challenges faced by Indian citizens amid rising inflation and economic uncertainties. Calls for

National

Government Sets Ambitious Target of 200,000 Agri-Cooperatives

By BPN News Desk December 26, 2024

The Indian government has launched 10,000 agri-cooperatives as part of a broader vision to establish 200,000 such cooperatives over the next five years. This initiative, spearheaded by Union Home and Cooperation Minister Amit Shah, aims to revolutionize rural India by strengthening the agriculture sector and empowering farmers. Boosting Rural Development through

Economy National

RBI Deploys $44.5 Billion to Stabilize Rupee in October

By BPN News Desk December 26, 2024

In a significant effort to safeguard the Indian rupee, the Reserve Bank of India (RBI) spent $44.5 billion from its foreign exchange reserves in October 2024. This marked one of the highest single-month expenditures by the central bank to stabilize the currency amidst global economic turbulence and increased market volatility. Global Pressures Impacting Rupee Stability

Government Policies National

India’s Agri Export Policy Set for Overhaul to Target Emerging Markets

By BPN News Desk December 26, 2024

India is poised to revamp its agricultural export policy to expand its presence in emerging markets and enhance its global competitiveness. According to a recent report, the revised framework will focus on addressing supply chain inefficiencies, improving export infrastructure, and diversifying agricultural products to cater to evolving global demands. Focus on Emerging

Economy National

India’s GDP Growth to Reach 6.5% in FY25 and FY26: EY Report

By BPN News Desk December 26, 2024

India’s economy is expected to sustain robust growth, with GDP projected at 6.5% for the fiscal years 2025 and 2026, according to a report by Ernst & Young (EY). The forecast underscores India’s position as a global economic leader, fueled by strong domestic demand, structural reforms, and technological advancements. Key Drivers of Growth EY’s report […]

Green Energy

India Becomes Sixth Largest Solar PV Exporter

By BPN News Desk December 26, 2024

India has ascended to the position of the world’s sixth-largest exporter of solar photovoltaic (PV) products, marking a significant milestone in its renewable energy sector. This achievement underscores India’s expanding influence in the global solar market and its commitment to sustainable energy solutions. Global Export Rankings According to recent trade

Finance

RBI Study Reveals Rupee Depreciation Boosts Exports

By BPN News Desk December 26, 2024

In a significant observation on India’s trade dynamics, a recent study by the Reserve Bank of India (RBI) has revealed that a depreciating rupee provides a considerable boost to the country’s exports, whereas a strengthening rupee has a relatively smaller impact on imports. The findings underscore the asymmetric influence of currency movements on India’s trade […]

International

Trump’s Decision Shocks Ukraine as Russia Gains Ground

By BPN News Desk December 25, 2024

Former U.S. President Donald Trump has sent ripples through global geopolitics by appointing a known critic of Ukraine to a key position in his administration. This controversial decision comes at a time when Ukrainian President Volodymyr Zelensky is grappling with escalating Russian aggression, marked by the capture of the 14th town under Vladimir Putin’s forces. […]

National

PM Modi Honors Vajpayee’s Legacy on Birth Anniversary

By BPN News Desk December 25, 2024

Prime Minister Narendra Modi paid tribute to former Prime Minister Atal Bihari Vajpayee, lauding him as the visionary leader who steered India into the 21st century. On the occasion of Vajpayee’s birth anniversary, celebrated as Good Governance Day, PM Modi reflected on Vajpayee’s transformative contributions to India’s political and economic landscape. A

North India State News

Heavy Snowfall Hits Himachal Pradesh, Travel Disrupted

By BPN News Desk December 25, 2024

Himachal Pradesh is experiencing a significant cold wave as heavy snowfall blankets popular tourist destinations like Shimla and Manali. The inclement weather has led to road closures, leaving residents and tourists stranded in various parts of the state. The India Meteorological Department (IMD) has also issued a snow alert for neighboring Kashmir, warning of further […]