The recession that hit UK’s economy in the second half of 2023 presented a challenging environment for Prime Minister Rishi Sunak, who has pledged to accelerate growth in anticipation of the anticipated 2024 election. In the second half of 2023, the UK experienced a mild recession, demonstrating that Prime Minister Rishi Sunak has not yet fulfilled his promise to expand the economy. As per the Office for National Statistics (ONS), the gross domestic product (GDP) experienced a 0.1% decline from July to September, but a 0.3% decline in the three months preceding December was less than anticipated. A less notable…
Author: Vikrant Durgale
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The economic development of India, has been greatly aided by indirect taxes, where a disjointed indirect tax system has been replaced. The Finance Minister’s Vote-on-Account, which was unveiled on Thursday, is a transitory budget before the general elections. After the election, perhaps in July, the incoming Cabinet will probably present a comprehensive budget. In his speech, the Finance Minister emphasized the progress India’s economy has made in becoming the third largest in the world and rapidly approaching its target of $5 trillion over the next three years. The Finance Minister’s Vote-on-Account, which was unveiled on Thursday, is a transitory budget…
According to a senior official, the Department of Investment and Public Asset Management (DIPAM) may decide not to consider any new CPSE for a strategic sale in the upcoming fiscal year in favor of wrapping up ongoing privatization transactions, such as IDBI Bank and BEML. Upcoming Plan of DIPAM In an interview with PTI, DIPAM Secretary Tuhin Kanta Pandey stated that while no specific company is on the list for the upcoming fiscal year’s initial public offering (IPO), listed CPSE subsidiaries will make offers for their shares.According to Pandey, in the last three years, the combined market capitalization of banks,…
