National

India’s GDP Growth Expected to Strengthen in H2 FY25

By BPN News Desk December 27, 2024

The Indian economy is poised for improved GDP growth in the second half of FY25, as projected by the Finance Ministry. The forecast highlights a recovery in demand, a robust policy framework from the Reserve Bank of India (RBI), and ongoing government measures to boost economic activity. Strong Demand and Policy Support The Finance Ministry’s […]

National

CAI Requests ₹500 Crore Aid to Promote Drip Irrigation for Cotton Farmers

By BPN News Desk December 27, 2024

The Cotton Association of India (CAI) has appealed to the government for a budgetary allocation of ₹500 crore to support the adoption of drip irrigation systems among cotton growers. This initiative aims to enhance productivity, address water scarcity, and promote sustainable agricultural practices in India’s cotton sector. Drip irrigation, a method known for its water

National

India Mourns Former PM Manmohan Singh, Dead at 92

By BPN News Desk December 27, 2024

Former Indian Prime Minister Manmohan Singh, celebrated as the architect of India’s economic liberalization, passed away at the age of 92. Singh, who served as Prime Minister from 2004 to 2014, was also a prominent finance minister credited with initiating transformative reforms that reshaped India’s economy. Singh was admitted to a Delhi hospital after his […]

Economy National

Income Tax Cuts Likely in Budget 2025 to Boost Consumption

By BPN News Desk December 26, 2024

The government is reportedly considering reducing income tax rates in the upcoming Budget 2025. This potential move aims to bolster consumption and stimulate economic growth amid concerns of sluggish demand. Sources indicate that the Ministry of Finance is exploring strategies to provide relief to taxpayers, particularly those in the middle-income bracket. Focus on

National

Election Commission Dismisses Congress’ Claims of Discrepancies

By BPN News Desk December 26, 2024

The Election Commission of India (ECI) has firmly dismissed allegations raised by the Congress party about discrepancies in election-related processes. The Commission has reiterated its adherence to constitutional mandates and operational transparency. Congress’ Allegations Congress had recently alleged irregularities in certain electoral procedures, raising concerns about

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 […]