Parliament panel seeks higher investment rate & sets 8% growth target; urges reforms in energy and farm sectors

A parliamentary panel has pitched for raising India’s investment rate from 31% of GDP to 35% in order to sustain an ambitious annual growth target of 8% over the next decade. The Standing Committee on Finance, chaired by BJP leader Bhartruhari Mahtab, said a higher investment push, coupled with structural reforms and digital initiatives, is…

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US market today: Stocks mixed as retailers post earnings, investors await Powell speech and Ukraine talks

Wall Street stocks were mixed in early trade on Tuesday as major US retailers began reporting quarterly results, while investors awaited Federal Reserve Chair Jerome Powell’s policy remarks later this week.Around 15 minutes into trading, the Dow Jones Industrial Average gained 0.4% to 45,084.70. The broad-based S&P 500 was flat at 6,447.61, while the tech-heavy…

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Opted for new income tax regime? Don’t stop putting money in these investments – here’s why

Many legacy instruments serve essential portfolio or risk-management roles, and discontinuing them may impair financial resilience or return optimization. (AI image) New income tax regime savings: The adoption of the new income tax regime has eliminated most deduction-linked incentives. However, evaluating investments purely on tax efficiency can be misleading. Many legacy instruments serve essential portfolio…

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Rare earth supply crunch: China’s export ban impacts EV industry, India seeks new partners

China’s export restrictions on key rare earth magnets have led to supply chain bottlenecks affecting domestic industries, including electric vehicle (EV) manufacturers, the government told Parliament on Tuesday.In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said regular consultations are being held with stakeholders to address the…

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