Economy

Finnish firms eye India after EU FTA, but 'Make in India' poses challenges

Finnish companies are looking to expand their India presence from next year, though local manufacturing requirements could pose challenges for some high-end products

Govt blames Red Rot, Top Borer disease, waterlogging for sugar price rise

Normally, India has had a surplus of sugar, with 32-34 mmt produced annually, against domestic consumption of around 28-29 mmt

Press Note 3 easing brings ₹4,896 cr FDI into India across 29 projects

Investments span sectors including information technology, artificial intelligence, manufacturing, pharmaceuticals, data centres and transport services, government says

RBI Central Board reviews global, domestic risks to economic outlook

The RBI's Central Board also reviewed various areas of the central bank's operations, including the functioning of its committees and the Ombudsman Scheme

Services drive recovery in private sector activity in Aug: Flash PMI

The HSBC flash composite PMI rose to 54.6 from 54.3 in July, with stronger services offsetting manufacturing growth that slowed to its weakest pace in five years

Sebi proposes distribution model to deepen corporate bond market reach

Fixed Income Channel Partners would work with online bond platforms to distribute permitted securities and facilitate retail transactions, particularly in smaller cities

Govt examines easing of blocked GST credit on construction for own use

Centre is discussing the issue with states amid industry concerns that denial of input tax credit on construction of own-use assets raises the cost of large investments

Informal sector growth cools in June quarter as jobs, enterprises decline

Establishments and employment remained above year-ago levels but contracted sequentially, with rural India accounting for much of the decline in the June quarter

India's forex reserves jump $9.9 bn to $716.9 bn in week ending Aug 14

India's forex reserves jumped USD 9.905 billion to USD 716.907 billion during the week ended August 14, the Reserve Bank of India (RBI) said on Friday.

EPFO may give states real-time PM-VBRY data, expand district outreach

The proposal includes district-level workshops with industry, trade unions, EPFO and ESIC officials, alongside a demand-led approach to short-term skilling

India's goods trade deficit hits 6-month high as imports rise amid Gulf war

The data underscores the ​growing pressure on India's external balance, as a wider trade gap weighs on the rupee and capital inflows

Front-of-pack labels: Where India stands vs global food labelling systems

India is yet to finalise its front-of-pack labelling rules. Here's how its proposed approach compares with warning labels and nutrition ratings used in other countries

Green signal for blue water fishing: The permit could be a game changer

Under the new guidelines, introduced in December last year, an Indian vessel can fish in the high seas only if it has a Letter of Authorisation

India economic growth may beat RBI's 6.7% forecast: Deputy Guv Poonam Gupta

Gupta also sounded confident about India's external accounts, saying it will be 'much more conducive'

Flash PMI rises to 54.6 in August from July's 52-month low of 54.3

While the reading stayed above the 50 mark separating growth from contraction, it remained below the recent average of around 60

Kolkata's tryst with reforms: IT, retail gained but past glory elusive

Even as new-age offices and crisscrossing flyovers reshaped the skyline, Kolkata's image changed only fleetingly

Centre eases rules for exporters to receive overseas payments in rupees

DGFT amendment puts eligible rupee export receipts on a par with foreign-currency earnings for FTP benefits and export obligations, removing a key regulatory uncertainty

Delhi Master Plan 2047 eyes private investment for 4 mn affordable homes

Plan promotes small-format housing and redevelopment of slums and unauthorised colonies, while pushing high-density growth, transit-oriented development and new transport networks

Core industries growth slows to 5.4% in July as iron ore, power ease

Six of the nine core sectors recorded growth in July, while natural gas, crude oil and fertilisers contracted; refinery products returned to growth after three months

Hawkish MPC minutes, crude oil price surge send bond yields higher

Benchmark 10-year government bond yield rises 5 basis points to 6.87 per cent as markets increasingly price in the possibility of a rate hike at the next policy review