#India’s economic policies

[theleadersglobe]

Overseas Funds Renew Interest in Indian Stocks Amid Promising Growth Outlook

Global investors are channeling substantial funds into Indian equities, reflecting renewed confidence in the country’s financial markets after a period of election-related uncertainty. Recent data compiled by Bloomberg indicates that net foreign investments in India reached $8.5 billion this quarter, the highest since mid-2023, suggesting a strong resurgence of overseas interest.

Market analysts attribute this revival to renewed optimism about India’s economic policies, following Prime Minister Narendra Modi’s re-election for a third term. The consistency in policy direction, coupled with India’s growing significance in global market indices where it now surpasses China, has strengthened investor sentiment. Additionally, the Federal Reserve’s recent interest rate cuts have further enhanced the appeal of Indian markets.

Read More: https://theleadersglobe.com/business/overseas-funds-renew-interest-in-indian-stocks-amid-promising-growth-outlook/

[indizombie]

India is one of the fastest urbanizing nations in the history of the world. While 28.53% of India was living in urban areas in 2001, by 2011 this figure had gone up to 31.16%. The population of Bangalore has increased from 1.7 million in 1971 to 8.5 million in 2011. Many of the migrants who settle in slums in Bangalore are from rural Karnataka or from other states who have been driven out of their villages due to drought or poverty. A majority of these belong to castes placed lower down in the social hierarchy ordained by the caste system in India. These processes of ‘long transition’ (agrarian to industrial; rural to urban) have been fast forwarded in India in a context of neo-liberal policies where State takes less and less responsibility for the well-being of the citizen.

‘Changes in Social Determinant Following Forced Evictions and Their Health Consequences- Economically Weaker Sections (Ews_ Quarters, Ejipura, Bangalore)’, Samyukta

[uniqueeval]

How Mexico is winning the trade war between the U.S. and China

A freight train carries cargo shipping containers in the El Paso Sector along the US-Mexico border between New Mexico and Chihuahua state on December 9, 2021 in Sunland Park, New Mexico. Patrick T. Fallon | AFP | Getty Images New data shows a surge in trade between China and Mexico at a time of tough tariff talk during the presidential campaign. Customs data shows a significant increase in raw…

[pebblegalaxy]

UPA vs NDA: A Comprehensive Analysis of Oil Bonds, Economic Policy, and Political Legacies in India (2004-2024) #OilBonds #IndianEconomy #FiscalPolicy #EconomicAnalysis #FuelSubsidy #PublicDebt #PoliticalAnalysis #FinancialReforms #OMCSubsidy

An In-Depth Analysis of India’s Oil Bonds (2004-2014): Context, Impact, and Financial Legacy The Government of India (GOI) issued oil bonds between 2004 and 2014 to compensate Oil Marketing Companies (OMCs) for the losses they incurred while selling fuel below cost. This measure was part of a broader subsidy regime aimed at insulating consumers from volatile global oil prices. Over this decade,…

[thehansindiaseo]

INDIA alliance MPs stage protest at Parliament demanding rollback of GST on health and life insurance premiums

INDIA bloc MPs stage protest at Makar Dwar, demanding rollback of 18% GST on health and life insurance premiums. Opposition leaders united against government's decision, calling it a burden on citizens.

[townpostin]

Union Minister Lauds Budget's Rural Focus in Chandil Visit

Sanjay Seth highlights benefits for villages, poor, farmers, women, and youth Union Minister of State for Defence Sanjay Seth praises the central budget during his visit to Chandil, emphasizing its focus on rural development. CHANDIL – Union Minister of State for Defence and Ranchi MP Sanjay Seth visited Chandil on Sunday, praising the recently presented Union Budget for its comprehensive…

[mohit-mathur]

Gold Prices Set to Drop Starting August 1: Reasons and opportunity

Gold, the glittering yellow metal, has always been a symbol of wealth and a preferred investment for Indians. Traditionally, gold prices in India have been influenced by various global and domestic factors, including international market trends, currency fluctuations, and local demand and supply dynamics. As of August 1, gold prices are set to see a significant drop, creating both challenges and…

[nexdigm]

Empowering India: A Detailed Overview of the Union Budget 2024-25

The Union Budget 2024-25 presented by the Indian government marks a significant step towards realizing the vision of Viksit Bharat by 2047. With an ambitious theme of empowerment and inclusivity, the budget outlines a comprehensive roadmap for sustainable economic development, addressing key areas like agriculture, manufacturing, MSMEs, energy, and infrastructure.

Economic Overview and Fiscal Health

The budget estimates a fiscal deficit of 4.9% of GDP, aiming to reduce it below 4.5% by the next year. With low and stable inflation, moving towards a 4% target, the economic environment is conducive to growth. The capital expenditure outlay remains at 3.4% of GDP, consistent with the Interim Budget 2024. The focus is maintaining macroeconomic stability while fostering growth and development across various sectors.

Key Direct Tax Proposals

Direct tax proposals in the budget are designed to reduce the compliance burden and promote entrepreneurial spirit. Highlights include the rationalization of capital gains tax, abolition of angel tax for all investors, and a reduction in the corporate tax rate for foreign companies from 40% to 35%. The standard deduction for salaried employees is increased from INR 50,000 to INR 75,000, further simplifying the new tax regime.

Indirect Tax Proposals

Indirect tax proposals focus on simplifying the customs duty structure, removing duty inversion, and reducing disputes. Exemptions in customs duty are proposed for critical sectors such as cancer medicines, mobile industry, marine exports, and energy transition, aiming to enhance competitiveness and support strategic sectors.

Sectoral Focus and MSMEs

The budget places special emphasis on MSMEs and labour-intensive manufacturing, aiming to boost financing, regulatory changes, and technology support. Initiatives include the Credit Guarantee Scheme for MSMEs, new assessment models, and voluntary closure of LLPs. The focus on MSMEs is pivotal for generating employment and enhancing the sector’s global competitiveness.

Infrastructure and Urban Development

Infrastructure development is a cornerstone of the budget, with a provision of USD 1.35 trillion, constituting 3.4% of GDP. Significant investments are planned for rural connectivity, urban development, water management, and housing. The Pradhan Mantri Awas Yojana Urban 2.0 aims to address the housing needs of 10 million urban poor and middle-class families with an investment of USD 121.95 billion.

Energy Security and Innovation

Energy security is another critical area, with initiatives such as the PM Surya Ghar Muft Bijli Yojna providing free electricity to 10 million households. The budget also emphasizes innovation and research, with operationalizing the Anusandhan National Research Fund and private sector-driven research initiatives.

Trade and Global Investment

The budget aims to promote trade and create an enabling environment for business by simplifying rules for foreign direct investment and overseas investments. The strategic focus is on attracting global investments while nurturing indigenous entrepreneurship, fostering a vibrant ecosystem of innovation and job creation.

Conclusion

The Union Budget 2024-25 is a comprehensive plan designed to propel India towards sustainable and inclusive economic development. With a clear focus on key sectors and strategic initiatives, the budget lays down a robust framework for achieving the goal of Viksit Bharat by 2047, positioning India as a strong and resilient economy on the global stage.

[flourishloom]

Trump's Near-Miss: Unpacking the Global Pulse and Its Impact on India

In a shocking turn of events, an attempt was made on former US President Donald Trump’s life. The bullet narrowly missed, grazing his ear, but the implications of this incident could reverberate far beyond American borders, significantly impacting India. Trump’s Near-Miss: What Happened?The assailant, identified later as Thomas Matthew Crooks, fired multiple rounds from an AR-15 semi-automatic…

[indizombie]

China is leading the way on renewable energy and moving away from fossil fuel dependence, said Buckley, who tracks the country’s energy policy. “It might be because they are paranoid about climate change or because they want to absolutely dominate industries of the future. At the end of the day, the reason doesn’t really matter.” India is also investing heavily in renewable energy and has committed to producing 50% of its power from clean energy sources by 2030. “The invasion has made India rethink its energy security concerns,” said Swati D’Souza, of the Institute for Energy Economics and Financial Analysis.

‘What the war in Ukraine means for Asia’s climate goals’, Associated Press

[easterneyenews]

Narendra Modi: Everything About The PM Of India

Narendra Modi, the current Prime Minister of India, is a leader who has left an indelible mark on the nation's political, economic, and social landscape. Known for his dynamic leadership, visionary policies, and charismatic personality, Modi has transformed India in numerous ways. This comprehensive blog delves into everything about Narendra Modi, offering insights into his early life, political journey, significant achievements, and influence on India and the world.

Early Life and Background

Narendra Damodardas Modi was born on September 17, 1950, in Vadnagar, a small town in northern Gujarat, India. Coming from a humble background, Modi's early life was marked by hardship and determination. He helped his father sell tea at the local railway station, an experience that shaped his understanding of grassroots issues and the common man's struggles.

Education and Early Interests

As per the UK Newspapers News Modi completed his schooling in Vadnagar and later pursued a degree in political science, earning an M.A. from Gujarat University in Ahmedabad. His early interest in serving the nation led him to join the Rashtriya Swayamsevak Sangh (RSS), a Hindu nationalist organization, in the early 1970s. Modi set up a unit of the RSS’s students’ wing, the Akhil Bharatiya Vidyarthi Parishad, in his area, where he honed his leadership skills and ideological beliefs.

Political Journey

Modi's political journey began with his active involvement in the RSS, which eventually led to his association with the Bharatiya Janata Party (BJP) in 1987. Within a year, he was made the general secretary of the Gujarat branch of the party. Modi played a pivotal role in strengthening the party’s presence in the state, contributing to the BJP's success in the 1995 state legislative assembly elections and the formation of the first-ever BJP-controlled government in India.

Chief Minister of Gujarat

In 2001, Narendra Modi was appointed the Chief Minister of Gujarat, following the poor response of the incumbent government to the Bhuj earthquake. He entered his first-ever electoral contest in a February 2002 by-election, winning a seat in the Gujarat state assembly.

Modi’s tenure as chief minister was marked by both achievements and controversies. His role during the 2002 communal riots in Gujarat drew international criticism, with allegations of condoning the violence or failing to act decisively to stop it. Despite these controversies, Modi’s political career in Gujarat was marked by repeated electoral successes in 2002, 2007, and 2012, establishing him as a formidable leader within the BJP.

Rise to National Leadership

Modi's success in Gujarat laid the foundation for his rise to national prominence. In June 2013, Modi was chosen as the leader of the BJP’s campaign for the 2014 elections to the Lok Sabha. His campaign focused on development, good governance, and anti-corruption, resonating with millions of Indians. In the 2014 elections, he led the BJP to a historic victory, securing a clear majority of seats in the Lok Sabha.

First Term as Prime Minister (2014-2019)

Modi was sworn in as Prime Minister on May 26, 2014. His first term was marked by several significant initiatives and reforms aimed at transforming India:

Goods and Services Tax (GST): Launched in 2017, GST is one of the most significant tax reforms in India's history, simplifying the indirect tax structure.

Demonetization: In 2016, Modi announced the demonetization of high-value currency notes to curb black money and counterfeit currency.

Swachh Bharat Abhiyan: Launched in 2014, this nationwide cleanliness campaign aimed to eliminate open defecation and improve solid waste management.

Digital India: An ambitious program to transform India into a digitally empowered society and knowledge economy.

Make in India: Aimed at making India a global manufacturing hub, this initiative encourages companies to manufacture their products in India.

Modi's foreign policy achievements included hosting Chinese President Xi Jinping and making a highly successful visit to New York City, where he met with U.S. President Barack Obama.

Second Term as Prime Minister (2019-2024)

The Modi-led BJP won a majority again in the 2019 general election. His second term saw continued efforts to promote Hindu culture and implement economic reforms:

Revocation of Jammu and Kashmir's Special Status: In October 2019, Modi's government revoked the special status of Jammu and Kashmir, bringing it under the direct control of the union government.

COVID-19 Pandemic Response: Modi took decisive action to combat the COVID-19 outbreak, implementing strict nationwide restrictions and promoting vaccine development and distribution.

Despite facing protests and criticism for some policies, such as agricultural reforms, Modi's leadership remained influential. The BJP faced setbacks in state elections in late 2018, but Modi's charisma and a security crisis in Jammu and Kashmir boosted his image ahead of the 2019 elections.

Third Term as Prime Minister (2024-Present)

In the 2024 Lok Sabha elections, the BJP won 240 seats, and the BJP-led National Democratic Alliance (NDA) secured 293 of the 543 seats, allowing Modi to become Prime Minister for a third consecutive term. Although the BJP did not secure a majority on its own, the NDA's coalition support ensured their continued governance.

Personal Life and Public Image

Narendra Modi is known for his disciplined lifestyle, early morning yoga sessions, and simple living. Despite his high-profile status, he remains deeply connected to his roots and continues to draw inspiration from his early life experiences.

Communication and Public Engagement

Modi's communication skills are unparalleled, often using social media and public addresses to connect with citizens. His monthly radio program, "Mann Ki Baat," has become a popular platform for sharing his thoughts and initiatives with the nation.

Conclusion

Narendra Modi's journey from a small-town boy to the Prime Minister of the world's largest democracy is a testament to his resilience, dedication, and visionary leadership. His impact on India's socio-economic fabric, governance, and international relations is profound and continues to shape the country's future.

Whether admired or criticized, Narendra Modi's influence on India and the global stage is undeniable. His story is not just about a political leader but also about the transformative power of determination and leadership.

Stay tuned to our blog for more updates and in-depth analyses of Narendra Modi's policies, initiatives, and their impact on India and the world.

[signode-blog]

A Resounding Victory: The Indian Financial Market's Response to the 2019 Lok Sabha Election Results

The 2019 Lok Sabha elections in India were a significant event, not only politically but also economically. The landslide victory of the Bharatiya Janata Party (BJP) under the leadership of Narendra Modi sent ripples across various sectors, notably the financial markets. This blog post delves into the intricate dynamics of how the Indian financial markets responded to the BJP’s victory and what…

[srilankanews]

Policy changes post-elections can deter the economic recovery: Central bank chief

The approaching official decisions in the not so distant future could obstruct Sri Lanka's conditional recuperation from its serious monetary emergency, advised the country's national bank boss on Tuesday (7).

Following a long time of deficiencies in fundamental products like food, fuel, and medication, Sri Lanka defaulted on its unfamiliar obligation in 2022, starting boundless fights that prompted the evacuation of then-president Gotabaya Rajapaksa.

Under his replacement, Ranil Wickremesinghe, grim measures have been executed, including huge duty increments, close by a firm crackdown on enemy government fights.

Nandalal Weerasinghe noticed that while the emergency stricken economy has settled somewhat because of severe changes provoked by a Global Financial Asset bailout, the nation actually faces difficulties ahead.

"Locally, what I see as the test is to proceed with similar arrangements going ahead regardless of the organization," Weerasinghe said. "That is a significant one."

Wickremesinghe's party has shown that he will look for a new term at the decisions due in September or October.

His two principal rivals have said they need to reconsider the particulars of the IMF bailout, decrease expenses and increment food and energy endowments.

Last month, the Asian Advancement Bank additionally cautioned that Sri Lanka's recuperation could be slowed down by unexpected arrangement changes after races assuming the result debilitated the public authority's obligation to sameness measures.

Unfamiliar loan specialists have likewise cautioned that any postpone in rebuilding Sri Lanka's unfamiliar obligation could affect the economy.

Sri Lanka had anticipated an arrangement with unfamiliar banks — including China, its single greatest respective loan boss — toward the finish of Spring, however up to this point no understanding has been declared.

[townpostin]

Budget Backlash: Local MLA Mangal Kalindi Slams Fiscal Plan

Critics argue new budget fails to address inflation, job creation The recently unveiled budget faces criticism for allegedly neglecting key issues affecting common citizens and farmers. JAMSHEDPUR – The fiscal proposals put forth by Finance Minister Nirmala Sitharaman in the annual budget for the Modi government’s third term has generated considerable flutter among local politicians and several…