Page 260 - Economy

FinMin reviews financial inclusion schemes, urges better banking outreach

Nagaraju stressed the importance of expanding banking infrastructure in unbanked villages and improving connectivity in remote areas, particularly in the North East

India's green investments to grow 5-fold to Rs 31 trn by 2030: CRISIL

Subsidies, grants key for high-risk green projects, says CRISIL

US chip export curbs raise concerns for India's AI growth, infrastructure

India's National AI Mission aims to build infrastructure with over 10,000 GPUs through public-private partnerships, supported by a Rs 10,000 crore investment over five years

Targeted steps needed to boost turmeric exports to $1 bn by 2030: Report

For example, there can be subsidies for third-party certification, cultivation of high curcumin varieties, research and development (R&D) for value-added turmeric products and for promoting GI product

Surpassing Japan, India to become 4th largest economy by 2026: PHDCCI

PHDCCI said that 30 per cent income tax limit should be applicable to individuals earning more than Rs 40 lakh, whereas the income tax exemption limit should be increased to Rs 10 lakh

India's fiscal conditions to constrain credit strength in 2025: Moody's

In its report on Asia Pacific Sovereigns, Moody's Ratings said growth and inflation are levelling out, with strong domestic demand bolstered by modest easing in global and regional financial condition

India, Oman looking at finalising comprehensive trade, investment deal soon

The negotiations for a comprehensive economic partnership agreement (CEPA) gained new momentum after Oman's Sultan Haitham bin Tarik travelled to India over a year back

GST Tribunals may be delayed by 6 months as states yet to appoint officials

In May 2023, the Centre appointed Sanjaya Kumar Mishra, former Chief Justice of the Jharkhand High Court, as the GSTAT president for a four-year term

Rupee slide raises doubts over rate cuts in February, analysts caution

The weaker currency could add to elevated inflation through costlier imports, while a cut in interest rates could dampen already tepid capital flows

Startup India initiative sparks nation's modern entrepreneurial revolution

India has historically been an entrepreneurial nation, accounting for 25-35 per cent of global GDP through the centuries

Digital transformation fueling India's economic growth and inclusion

India's dramatic digital transformation has empowered millions through a digital infrastructure [India Stack], democratising data, identity, and payments

Ticking time: India just 33 years away from getting 'old', says report

In terms of India integrating with the world, the report notes that it can benefit from being increasingly important for the world

Consulting industry for developing GPU, says Minister Ashwini Vaishnaw

"We expect the first made-in-India chip to roll out in August-September 2025 from Micron plant... the first fab plant will roll out by 2027 end"

FinMin considers asking banks to implement geotagging for all BCs

This is also expected to ensure that services are delivered effectively and efficiently to the intended beneficiaries

Wholesale price inflation soars to 2.37% in Dec; food prices see decline

The wholesale price index (WPI) based inflation stood at 0.86 per cent in December last year

India-Russia term deal talks for crude oil on hold amid sanctions

Refiners looking to strike arrangements with suppliers in next 2 months

MCA may widen internship scheme, engage states to boost participation

The scheme had set a target of providing 125,000 opportunities by the end of March 2025

Labour codes may align with state rules by March; West Bengal not on board

Labour economist K R Shyam Sundar said the "vaguely constructed" new labour laws were at the root of the "malady"

India to top G20 with 7.3% insurance premium growth over 2025-29: Report

Apart from health and motor - the largest lines of non-life business - penetration of agricultural insurance has improved with changes to the Pradhan Mantri Fasal Bima Yojana

We are doing FTAs only after extensive stakeholder consultations: Goyal

Citing the agreement with the four-European nation bloc EFTA, he said that for the first time in the history of FTAs, India has received a commitment of USD 100 billion FDI