Economy National

India’s Bio-Economy Soars to $165.7 Billion, Unveils New Initiatives

By BPN News Desk March 22, 2025

India’s bio-economy has experienced a remarkable 16-fold increase over the past decade, soaring from $10 billion in 2014 to an impressive $165.7 billion in 2024. This significant growth was highlighted by Union Minister Dr. Jitendra Singh during the BIRAC Foundation Day ceremony at the National Media Centre on March 21, 2025. Unveiling the India Bioeconomy […]

Economy National

India’s Forex Reserves Rise to $654.27 Billion as of March 14

By BPN News Desk March 21, 2025

India’s foreign exchange reserves increased by $305 million to reach $654.27 billion for the week ending March 14, 2025, according to official data released by the Reserve Bank of India (RBI). This uptick marks continued momentum in the country’s efforts to maintain a strong economic buffer amid global uncertainties. Breakdown of Forex Components The overall […]

Economy National

Parliament Session Highlights: Tax Reforms and Agricultural Initiatives

By BPN News Desk March 21, 2025

The Indian Parliament’s latest budget session on March 21, 2025, centered around key reforms aimed at easing the financial burden on individuals and revitalizing the agriculture sector. The government introduced significant changes to the income tax structure and launched several initiatives targeting farmers and rural growth. Tax Reforms for Middle-Class Relief One of the

Economy National

Finance Ministry Warns of Risks in Household Savings Shift

By BPN News Desk March 20, 2025

The Finance Ministry has expressed concerns over the increasing trend of households shifting their savings from traditional bank deposits to market-linked financial products. While these investment options offer potentially higher returns, they also expose families to significant financial risks and could impact the liquidity of banks. Households Face Rising Market Risks

Economy National

Fitch Projects India’s GDP Growth at 6.5% for FY26 Amid Global Trade Tensions

By BPN News Desk March 19, 2025

India’s Gross Domestic Product (GDP) is projected to grow by 6.5% in the fiscal year 2025-26 (FY26), with a slight deceleration to 6.3% in the following fiscal year. This outlook highlights the country’s relative insulation from aggressive global trade policies, particularly those driven by the United States. India’s Economic Resilience Despite growing global

Economy National

India’s Net Direct Tax Collections Surge 13% to ₹21.26 Trillion

By BPN News Desk March 19, 2025

India’s net direct tax collections have recorded a significant increase, rising by 13% to ₹21.26 trillion as of March 16 in the current fiscal year. This growth is primarily attributed to higher advance tax payments, indicating the country’s economic resilience and improved tax compliance. Surge in Advance Tax Collections Advance tax collections have seen

Economy National

India’s Net Direct Tax Collections Reach ₹21.26 Trillion in FY25

By BPN News Desk March 19, 2025

India’s net direct tax collections have surged to ₹21.26 trillion as of March 16, 2025, marking a 13.13% increase compared to the same period in the previous fiscal year. This substantial growth indicates strong economic activity and enhanced tax compliance across the country. Breakdown of Tax Collections The net corporate tax collection between April 1, […]

Economy National

Mini Liquor Bottle Sales Signal Consumer Caution Amid Economic Uncertainty

By BPN News Desk March 18, 2025

Economists are analyzing unconventional indicators, such as the increase in sales of mini liquor bottles and single cigarettes, as potential warning signs of economic uncertainty and shifting consumer behavior. These trends suggest that households may be adjusting spending patterns in response to financial pressures. Rising Sales of Mini Liquor Bottles A notable increase

Economy National

HC Orders Lower GST on Fruit-Based Fizzy Drinks

By BPN News Desk March 14, 2025

The High Court has ruled in favor of lowering the Goods and Services Tax (GST) on fruit-based fizzy drinks, determining that they should not be taxed at the same rate as carbonated soft drinks. This decision provides relief to beverage manufacturers, who had been contesting the 28% GST rate imposed on these drinks. Court Ruling […]

Economy National

India’s Forex Reserves Climb to $653.97 Billion in March

By BPN News Desk March 14, 2025

India’s foreign exchange (forex) reserves have seen a significant increase, rising by $15.26 billion to reach $653.97 billion as of March 7. The latest surge in reserves reflects the country’s strong external position and a stable economic outlook, reinforcing confidence in India’s financial resilience. Forex Reserves Witness Significant Growth India’s forex reserves have