|
Economy Of Mumbai
Mumbai, often described as the '' New York of India'', is India's most populous city, with an estimated city proper population of 12.5 million (1.25 crore), and is the financial centre and commercial capital of the country, generating 6.16% of the total national GDP. The city is also the entertainment, cultural, fashion, and commercial centre of South Asia. Mumbai hosts the largest urban economy of any South Asian city, contributing the largest GDP share out of a US$4 trillion total Indian economy in nominal GDP terms. According to recent estimates, Mumbai Metro's nominal GDP is estimated to be US$277.98 billion, and its GDP ( PPP) is estimated to be US$400 billion, Mumbai's GDP ( PPP) per capita rounds up to around US$23,000. It is the richest Indian city and the 12th richest city in the world, with a net wealth of approximately US$1 trillion, with 46,000 millionaires and 92 billionaires. Mumbai accounts for 10% of Indian factory employment, 30% of Indian in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Skyline
A skyline is the wikt:outline, outline or shape viewed near the horizon. It can be created by a city's overall structure, or by human intervention in a rural area, rural setting, or in nature that is formed where the sky meets buildings or the land. City skylines serve as a pseudo-fingerprint as no two skylines are alike. For this reason, news and sports programs, television shows, and movies often display the skyline of a city to set a location. The term ''The Sky Line of New York City'' was introduced in 1896, when it was the title of a color lithography, lithograph by Charles Graham (artist), Charles Graham for the color supplement of the ''New York Journal-American, New York Journal''. Paul D. Spreiregen, FAIA, has called a [city] skyline "a physical representation [of a city's] facts of life ... a potential work of art ... its collective vista." Features High-rise buildings High-rise buildings, including skyscrapers, are the fundamental feature of urban area, urban skyl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Financial Express (India)
''The Financial Express'' is an Indian English-language business newspaper owned by Indian Express Limited, The Indian Express Group. It has been published by the Indian Express group since 1961. The ''Financial Express'' specialises in Indian and international business and financial news. Its editor is Shyamal Majumdar. The paper publishes 11 editions from a number of Indian cities. It also gives out two noteworthy awards - FE India's Best Bank Awards and FE-EVI Green Business Leadership Awards. References External links * ''Financial Express'' ePaper(E-Paper – Digital Replica of the newspaper) ''Financial Express Hindi'' website Business newspapers published in India Indian Express Limited Newspapers published in Kolkata English-language newspapers published in India Mass media companies based in Delhi Companies based in New Delhi Newspapers established in 1961 1961 establishments in Uttar Pradesh {{India-newspaper-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
India Government Mint, Mumbai
The India Government Mint, Mumbai is one of the four mints in India and is in the city of Mumbai. The mint was established in 1824 by the then governor of the Bombay Presidency. Its main activity is the production of commemorative and development-oriented coins. The mint is opposite the Reserve Bank of India in the Fort area of South Mumbai. Initially governed by the governor of the Bombay Presidency, it was transferred to the Government of India on 18 May 1876 through Finance Department Resolution 247. In 1918, a branch of the Royal Mint of London was set up to issue British sovereigns. In April 1919, after manufacturing 12.95 lakh (1.295 million) coins, it was shut down. Besides coins, the mint produces medals for Ministry of Defence, Ministry of Home Affairs, educational institutions, social service institutions, badges etc. It is also a centre for the issuance of gold ingots in exchange of unrefined gold tendered by licensed dealers. The institution has a department that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Stock Exchange Of India
National Stock Exchange of India Limited, also known as the National Stock Exchange (NSE), is an Indian stock exchange based in Mumbai. It is the List of stock exchanges, 5th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024. NSE is under the ownership of various financial institutions such as banks and insurance companies. As of 2024, it is the world's largest derivatives exchange by number of contracts traded and the third largest in cash equities by number of trades for the calendar year 2023. History National Stock Exchange was incorporated in 1992 to bring about transparency in the Indian equity markets. NSE was set up at the behest of the Government of India, based on the recommendations laid out by the Manohar J. Pherwani, Pherwani committee in 1991 and the blueprint was prepared by a team of five members (Ravi Narain, Raghavan Puthran, K Kumar, Chitra Ramkrishna and Ashishkumar Chauhan) along with R H Patil and Sure ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of India
Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Ministry of Finance, Government of India, Government of the Republic of India, it is responsible for the control, issue, and maintenance of the supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. The RBI, along with the Indian Banks' Association, established the National Payments Corporation of India to promote and regulate the payment and settlement systems in India. Bharatiya Reserve Bank Note Mudran, Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Mysore (Karnataka; Southern India) and Salboni (West Bengal; Eastern India). Depos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bombay Stock Exchange
BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange based in Mumbai. It is the 6th largest stock exchange in the world by total market capitalization, exceeding $5 trillion in May 2024. Established with the efforts of cotton merchant Premchand Roychand in 1875, it is the oldest stock exchange in Asia, and also the tenth oldest in the world. History Bombay Stock Exchange was founded by Premchand Roychand in 1875. While BSE Limited is now synonymous with Dalal Street, it was not always so. In the 1850s, four Gujarati and one Parsi stockbroker gathered together under a Banyan tree in front of Bombay (now Mumbai) Town Hall, where Horniman Circle is now situated. A decade later, the brokers moved their location to under the banyan trees at the junction of Meadows Street and what was then called Esplanade Road, now Mahatma Gandhi Road. With a rapid increase in the number of brokers, they had to shift places repeatedly. At last, in 1874, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Trade
International trade is the exchange of Capital (economics), capital, goods, and Service (economics), services across international borders or territories because there is a need or want of goods or services. (See: World economy.) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, salt roads), its economic, social, and political importance has been on the rise in recent centuries. Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more State (polity), states, factors like currency, government policies, economy, Judiciary, judicial system, laws, and markets influence trade. To ease and justify the process of trade between countries of different economic standing in the modern era, some international economic organizations were formed, such as the Wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Excise Tax
file:Lincoln Beer Stamp 1871.JPG, upright=1.2, 1871 U.S. Revenue stamp for 1/6 barrel of beer. Brewers would receive the stamp sheets, cut them into individual stamps, cancel them, and paste them over the Bunghole, bung of the beer barrel so when the barrel was tapped it would destroy the stamp. An excise, or excise tax, is any duty (economics), duty on manufactured goods (economics), goods that is normally levied at the moment of manufacture for internal consumption rather than at sale. It is therefore a fee that must be paid in order to consume certain products. Excises are often associated with customs duties, which are levied on pre-existing goods when they cross a designated border in a specific direction; customs are levied on goods that become taxable items at the ''border'', while excise is levied on goods that came into existence ''inland''. An excise is considered an indirect tax, meaning that the producer or seller who pays the levy to the government is expected to try ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Customs Duty
A tariff or import tax is a duty imposed by a national government, customs territory, or supranational union on imports of goods and is paid by the importer. Exceptionally, an export tax may be levied on exports of goods or raw materials and is paid by the exporter. Besides being a source of revenue, import duties can also be a form of regulation of foreign trade and policy that burden foreign products to encourage or safeguard domestic industry. Protective tariffs are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Tariffs on imports are designed to raise the price of imported goods to discourage consumption. The intention is for citizens to buy local products instead, which, according to supporters, would stimulate their country's eco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entertainment Tax
Entertainment tax, also sometimes referred to as "amusement tax", is any tax levied on any form of commercial entertainment, such as movie tickets, exhibitions, sport events and more. The specific rules such as the tax rate and cases of tax exemption are subject to local authorities, as is their collection. The entertainment tax has in the most cases the form of indirect tax, which is levied on the buyer. Nowadays, the most discussed subject of those taxes are their implementations to online services, especially the ones working on a streaming basis such as Netflix, Spotify and others. In India, the Entertainment Tax is a tax imposed by the government on feature films getting a wide release in the country and are reduced from gross collections, major commercial shows and big private festivals. The amount after deducting entertainment tax is known as net. In Delhi, movie tickets, large commercial shows and large private festival celebrations may incur an entertainment tax. En ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Tax
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income. The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the first $10,000 of income taxed at 0%, the next $10,000 taxed at 1%, etc.). Most jurisdictions exempt local charitable organizations from tax. Income from investments may be taxed at different (generally lower) rates than other types of income. Credits of various sorts may be allowed that reduce tax. Some jurisdictio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mumbai Metropolitan Region
Mumbai Metropolitan Region (ISO 15919, ISO: ''Muṁbaī Mahānagara Pradēśa''; abbreviated to MMR and previously also known as Greater Bombay Metropolitan Area), is a metropolitan area consisting of Mumbai and its Satellite city, satellite towns in the northern Konkan division of Maharashtra in western India. The region has an area of and with a population of over 26 million it is among the List of metropolitan areas by population, most populous metropolitan areas in the world. Developing over a period of about 20 years, it consists of nine municipal corporations and eight smaller municipal councils. The entire area is overseen by the Mumbai Metropolitan Region Development Authority (MMRDA), a Government of Maharashtra, state-owned organisation in charge of town planning, development, transportation and housing in the region. The MMRDA was formed to address challenges in planning and development of integrated infrastructure for the metropolitan region.The areas outside Briha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
