Top News on December 30: Among other significant events, the Sensex and Nifty dropped, LG expressed disapproval of Kejriwal's comments, former US President Jimmy Carter passed away, and there were weather alerts for cold and dense fog.
December 30's Top News: Monday saw important events in the national, international, political, economic, and financial domains. The RBI predicted 6.6% GDP growth in FY25, the stock market indices Sensex and Nifty resumed their downward trend, and the IT department denied reports that the government will use Digiyatra data to target tax evaders.December 30's Top News: Monday saw important events in the national, international, political, economic, and financial domains. The RBI predicted 6.6% GDP growth in FY25, the stock market indices Sensex and Nifty resumed their downward trend, and the IT department denied reports that the government will use Digiyatra data to target tax evaders.
There were heated discussions in political settings. Regarding the arrest of Pushpa 2 actor Allu Arjun in relation to the Sandhya Theatre stampede case, Andhra Pradesh Deputy Chief Minister Pawan Kalyan is defending Telangana Chief Minister Revanth Reddy. In a letter to Delhi Chief Minister Atishi, LG VK Saxena voiced his dissatisfaction of AAP chief Arvind Kejriwal's comments. The death of former US President Jimmy Carter and weather warnings for cold and heavy fog are other significant events. Keep track of December as a whole.
Today's stock market: HDFC Bank and ICICI Bank top drags as the Sensex and Nifty start their downward march
Today's stock market: The flagship index of the Indian stock market, the Nifty 50, ended Monday, December 30, over 1% lower, ending its two-day winning streak. The losses were driven by major banks, such as HDFC Bank and ICICI Bank, in the face of negative global cues. With the US dollar strengthening and bond yields rising, global stock market optimism seems fragile as the year comes to an end.
Today's stock market: The flagship index of the Indian stock market, the Nifty 50, ended Monday, December 30, over 1% lower, ending its two-day winning streak. The losses were driven by major banks, such as HDFC Bank and ICICI Bank, in the face of negative global cues. With the US dollar strengthening and bond yields rising, global stock market optimism seems fragile as the year comes to an end.
India's FY25 GDP is expected to expand 6.6% due to a resurgence in both urban and rural demand, according to the RBI Report.
According to a report released by the RBI on Monday, the Indian economy is showing resilience and stability, and the GDP is expected to grow 6.6% in 2024–2025 thanks to a rebound in rural consumption, an increase in government spending and investment, and robust services exports.
The Reserve Bank has published the Financial Stability Report (FSR) for December 2024, which includes the Sub-Committee of the Financial Stability and Development Council's (FSDC) collective assessment of the threats to financial stability and the resilience of the Indian financial system. Go here to learn more.
Will the government target tax evaders using Digiyatra data? The income tax department provides clarification.
Concerned by news reports that the tax authority will use Digiyatra data to crack down on tax evaders, the Ministry of Finance's Income Tax (IT) Department of India released a clarification on Monday, December 30.
According to a report released by the RBI on Monday, the Indian economy is showing resilience and stability, and the GDP is expected to grow 6.6% in 2024–2025 thanks to a rebound in rural consumption, an increase in government spending and investment, and robust services exports.
The Reserve Bank has published the Financial Stability Report (FSR) for December 2024, which includes the Sub-Committee of the Financial Stability and Development Council's (FSDC) collective assessment of the threats to financial stability and the resilience of the Indian financial system. Go here to learn more.
Will the government target tax evaders using Digiyatra data? The income tax department provides clarification.
Concerned by news reports that the tax authority will use Digiyatra data to crack down on tax evaders, the Ministry of Finance's Income Tax (IT) Department of India released a clarification on Monday, December 30.
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