Market Highlights

The Income Tax Dept says two-thirds of the ₹43 lakh crore pending tax demand is hard to recover due to litigation and untraceable defaulters, reports ET.

The Cabinet Committee on Economic Affairs has approved a 6-lane greenfield highway in Maharashtra, to be built on the BOT model with an investment of ₹4,500 crore, reports ET.

ET reports that Union Minister Harsh Malhotra announced 40,943 applications were filed under the Insolvency and Bankruptcy Code, with 28,818 resolved pre-admission, involving ₹10 lakh crore.

ET reports that India’s individual housing loans reached ₹33.53 lakh crore by September 2024, growing 14% YoY, with the middle-income segment holding the largest share.

ET reports that India leads the global Net Employment Outlook at 43% for Q2 2025, surpassing the global average by 18 points, according to the ManpowerGroup Employment Outlook Survey.

Mint reports that India’s finance minister sought Parliament’s approval for ₹51,463 crore in additional FY25 spending, mainly for subsidies on fertilizer, food, cooking gas, and defense pensions.

ET reports that DPIIT has asked manufacturing units to submit monthly production data from April 2022 to rebase the Index of Industrial Production to 2022-23.

Moneycontrol reports that, according to a Crisil report, the US-initiated tariff war may disrupt global supply chains and impact India’s exports, especially in textiles, pharmaceuticals, and auto components.

Cabinet Clears ₹6,811 Cr Ropeway Projects for Kedarnath & Hemkund Sahib to Boost Pilgrimage Tourism: BS

BS reports that FM Nirmala Sitharaman affirmed the government’s commitment to regulatory simplification and plans to introduce Jan Vishwas Bill 2.0 to decriminalize over 100 provisions.