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The Indian government is considering a 25% safeguard duty on steel imports to address concerns raised by domestic producers about rising imports, especially from China. While over 60% of imports arrive duty-free from FTA countries, the measure aims to protect domestic competitiveness. Imports have increased to 5.
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MobiKwik, an Indian fintech company, launched a 572 crore IPO. Starting as a digital wallet, it now offers various financial products, focusing on tier 2 and 3 cities. With a frugal approach and focus on innovation, the company has achieved profitability and aims to expand its user base and product offerings.
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Arvind Panagariya, Chairman of the 16th Finance Commission, expressed optimism about India's economic growth. He highlighted the significant progress made in the last 20 years, despite economic shocks, and projected India to become a major global player within the next decade. He emphasized the importance of addressing land and labor issues and advocated for equity investments over gold.
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News and Media
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