THE ESCALATION OF the conflict in the Middle East after Iran launched a barrage of missiles towards Israel on October 1 (even as the latter is engaged in a ground offensive in Lebanon and amid the ongoing battle with Palestine) is raising alarm bells around the world, including India. Policymakers and corporates are closely monitoring the developments and remain concerned about their potential impact on the domestic economy. Already, there has been a surge in crude oil prices, and equity markets have been on a roller-coaster ride.
Prime Minister Narendra Modi chaired a meeting of the Cabinet Committee on Security on October 3 to review the situation. Finance ministry officials have noted that India will face some impact in the event of further escalation, but for now there does not seem to be too much concern. Petroleum and Natural Gas Minister Hardeep Singh Puri has ruled out any impact of the rising oil prices on India and said there is enough oil available and India has enough choices.
Denne historien er fra October 27, 2024-utgaven av Business Today India.
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Denne historien er fra October 27, 2024-utgaven av Business Today India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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HEALTH BOOST
THE HEALTHCARE SECTOR IS EXPECTED TO RECEIVE A SHOT IN THE ARM IN BUDGET 2025-26, WITH A FOCUS ON PRIMARY HEALTHCARE, DIGITAL HEALTH, AND BOOSTING PHARMACEUTICAL MANUFACTURING AND RESEARCH. BUT CHALLENGES LIKE THE SHORTAGE OF HEALTHCARE PROFESSIONALS REMAIN
TIME TO BE SMART
This year could be a good time to take home some profits, reduce risk, and shift to large-cap investments
Front-running Redux
Ketan Parekh has again been accused by Sebi. This time the allegations are of front-running, an unethical practice in financial markets
Triumph of Engineering
The Udhampur-Srinagar-Baramulla Railway Line in J&K is set to expedite trade and tourism
TIME FOR A TAX BREAK?
INDIVIDUAL TAXPAYERS LOOK FORWARD TO THE BUDGET EVERY YEAR HOPING FOR A BIG TAX BREAK. IT HAS ELUDED THEM FOR YEARS, BUT WITH HIGH INFLATION, MODERATING URBAN CONSUMPTION, AND ROBUST TAX COLLECTIONS, WILL THE MIDDLE CLASS GET A TAX BREAK IN FEBRUARY?
INFRA INJECTION
THE UNION BUDGET IS EXPECTED TO BOOST INFRASTRUCTURE SPENDING IN LINE WITH THE VISION OF MAKING INDIA A 7-TRILLION ECONOMY BY 20380. MODERNISING RAIL, ROAD AND AVIATION INFRASTRUCTURE IS LIKELY TO REMAIN TOP PRIORITY IN FY26
THE BIG PHARMA OPPORTUNITY
The patent expiry of key drugs in 2025-26 will open up additional market space for Indian manufacturers of generics and biosimilars
STRATEGIC EXIT
The Adani Group's decision to sell its holding in the FMCG food business is seen as a way to reduce high debt and allocate money smartly
In with the NEW
THE GOVERNMENT'S FLAGSHIP, SIMPLIFIED NEW TAX REGIME HAS SLOWLY BUT SURELY GAINED TAXPAYERS’ ACCEPTANCE. IN ASSESSMENT YEAR 2024-25, 72% OF TAXPAYERS OPTED FOR IT. IS THIS CHANGE HERE TO STAY?
EYEING THE NORTHEAST
The key question now is when will UltraTech’s 8.69% stake in Star Cement evolve into a larger play in the Northeast market
