The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re

The Andhra Pradesh Finance Minister, Payyavula Keshav, presented a Budget of Rs 2,94,427 crore for the financial year 2024-25, marking a 5.40% increase from the previous year. The budget allocation includes Rs 2,35,916 crore for revenue expenditure and Rs 32,712 crore for capital expenditure. The estimated revenue deficit is around Rs 34,743 crore, with a fiscal deficit of approximately Rs 68,742 crore, accounting for 4.19% and 2.12% of the Gross State Domestic Product (GSDP) respectively.

Gold prices have been on a downward trend since the US presidential election, with December future contracts opening lower on MCX. The price of gold fell by 0.37% to Rs 76,369 per 10 grams, while silver prices also dropped by 0.24% to Rs 90,601 per kg. In the last two days, gold prices have plummeted by Rs 2,100 per 10 grams and silver prices by Rs 4,050 per kg. According to the India Bullion and Jewellers Association Ltd (IBJA), the current prices for different carats of gold are a

Bitcoin surged past $73,000 on Tuesday, approaching its all-time peak as investors eagerly anticipated the upcoming U.S. presidential election. According to Coin Metrics, Bitcoin’s value recently climbed by 3.8%, settling around $72,333.10. Earlier, it spiked to $73,601.59, its highest point since March 14—the same day it reached its record price. This rise triggered significant short liquidations, totaling over $113 million in the last 24 hours, as reported by

On Tuesday, gold prices saw a significant rise, increasing by ₹300 to reach ₹81,400 per 10 grams in the national capital. This surge is attributed to the heavy demand from jewellers and retailers ahead of Dhanteras, a festival known for its traditional gold purchases, as reported by the All India Sarafa Association. Silver also experienced a boost, climbing by ₹200 to ₹99,700 per kg, driven by rising demand from industrial units and coin makers. The previous day, silver was

Jamshyd Godrej, Chairman of the CII-Sorabji Green Business Centre, has expressed confidence that India can emulate the remarkable economic growth that China experienced in recent decades. Speaking exclusively on Wednesday, Godrej emphasized that achieving such growth rates, similar to China's average GDP growth of 9.91% from 1979 to 2010, is within India's reach. However, he stressed the need for enhanced coordination between Indian industries and the government in policymaking.

On Thursday, the government revealed a significant increase in minimum wage rates through the revision of the Variable Dearness Allowance (VDA), aiming to assist workers in managing the rising cost of living. This adjustment will particularly benefit those in the unorganised sector, including workers involved in construction, loading and unloading, cleaning, housekeeping, mining, and agriculture within central sphere establishments. The revised wage rates will be implemented startin

Chandrababu Naidu's reinstatement as Chief Minister of Andhra Pradesh has reignited hopes for the state's financial revival after a challenging five-year period under YS Jagan Mohan Reddy. The previous administration faced severe criticism for its poor financial management, including excessive borrowing and a lack of transparency, which plunged the state into a significant debt crisis. With Naidu back in power, there is a strong focus on correcting these issues and steering Andhra Pra

Chief Minister N. Chandrababu Naidu has demonstrated exceptional administrative skill by securing Rs 2,500 crore in dues from Telangana, a crucial recovery for Andhra Pradesh. This amount, related to foreign loans taken during the united Andhra Pradesh era, was due from Telangana as its share of the loan repayments. Following the bifurcation in 2014, Andhra Pradesh had been covering both states' loan responsibilities. Despite previous administrations under K. Chandrasekhar Rao a

In recent months, CM Chandrababu Naidu has focused on driving investment into Andhra Pradesh, engaging with global entities such as the World Bank and Brookfield Corporation, and exploring opportunities in EV and alternative energy sectors. His latest push involves a significant meeting with Godrej Industries, where he discussed a potential Rs 2800 crore investment for pesticide manufacturing in Amarava

Andhra Pradesh Chief Minister Chandrababu Naidu is set to make a significant impact on the state's economic landscape with his upcoming visit to Sricity. During this visit, Naidu will inaugurate 15 new companies, which will bring a substantial investment of 900 crore rupees into the region. This initiative is expected to generate approximately 2,740 new jobs, offering a boost to local employment and signaling a strong commitment to economic development. The inauguration event wi

Economic development is a multidimensional process that involves improving living standards, reducing poverty, and enhancing overall well-being through sustainable economic growth. Several factors contribute to economic development, including technological advancements, infrastructure investments, and human capital development. Let's examine each of these factors

Personal finance is an essential aspect of managing one's financial well-being and achieving financial goals. Let's cover key topics within personal finance, including budgeting, saving, investing, retirement planning, and managing personal debt: Budgeting: Budgeting involves creating a f

Corporate finance encompasses a wide range of topics related to managing financial resources, making investment decisions, and optimizing capital structure for corporations. Let's delve into key areas within corporate finance, including capital structure, financial management, mergers and acquisitions (M&A), and corporate governance:

International trade plays a significant role in the global economy, influencing economic growth, employment, and market dynamics. Let's explore key topics related to international trade, including trade agreements, tariffs, trade deficits, and their impact on domestic and global economies: Trade Agr

Fiscal policy refers to the government's use of spending and taxation to influence the economy. It plays a crucial role in economic stability, growth, and distribution of resources. Here's a discussion on government spending, taxation, budget deficits, and their impact on economic stability: Gov

Monetary policy is a crucial tool used by central banks to manage the money supply, influence interest rates, and steer economic growth. Central banks play a pivotal role in maintaining price stability, maximizing employment, and promoting sustainable economic development. Let's delve into the key aspects of monetary policy and its e

Stocks: Stocks, also known as equities, represent ownership stakes in companies. When investors buy shares of stock, they become partial owners of the company and are entitled to a portion of its profits through dividends (if issued) and capital appreciation. Stocks are traded on stock exchanges, and their

Investment strategies play a crucial role in helping investors achieve their financial goals while managing risks effectively. Among the various investment strategies, three prominent approaches are value investing, growth investing, and diversification techniques. Let's analyze each strategy in detail. Value Investing: Value investing is a strategy where investors seek to identify undervalued assets trading below the

Financial markets are dynamic ecosystems where various assets are traded, and prices are determined based on supply and demand dynamics. Among the key financial markets are stock markets, bond markets, and forex (foreign exchange) markets, each playing a vital role in the global economy. Let's delve into these markets and explore their significance.