Page 36 - Shiva Rajora/workspace/business Standard Web/undefined

Festival gold rush widens India's trade deficit to new high in October

Exports in Oct grew at fastest pace in 11 months, imports in 13 months; gold imports up 95.4%

WPI inflation at -0.52% for the seventh consecutive month in October

Food inflation declined to 2.53 per cent in October from 3.35 per cent in the previous month

Credit formalisation, state welfare transforming labour markets: SBI report

Self-employment has improved as government programmes take care of primary subsistence needs, it says

Manufacturing accelerates in Q2, likely to sustain in FY24: Ficci study

57% respondents have plans for investments and expansion in the next six months

Retail inflation falls again in October, hits 5-month low of 4.87%

Food inflation remained sticky as it slightly moderated to 6.61 per cent in October from 6.62 per cent in September due to the prices of items within the category cancelling each other out

Govt may tweak textile PLI scheme to attract more private players

The textiles ministry has sought the Cabinet's approval to add more product lines under the scheme

IIP growth slows down to 3-month low of 5.8% in September: NSO data

The growth in manufacturing output decelerated to 4.5 per cent, whereas output in electricity and mining accelerated to 9.9 per cent and 11.5 per cent respectively from last month

11 states budgeted revenue deficit in FY24 amid tapering grants: Report

The 15th finance commission has recommended revenue deficit grants worth Rs 2.95 trillion for 17 states between FY22 to FY26

IMF's executive board approves 50% quota increase to strengthen resources

The proposal follows the guidance from the International Monetary and Financial Committee (IMFC) at the 2023 annual meetings

New investment demand likely to taper in second half of FY24: ICRA

The report also notes that as many as 628 projects with an anticipated completion cost of Rs 7.7 trillion are scheduled to be completed in H2 FY24

From the hub: Shades of distress colour Punjab's weaves and drapes

The second of a three-part series on export slowdown looks at the textile hub in Ludhiana, often referred to as India's Manchester, to understand the setbacks and challenges there

Fitch upgrades India's medium-term GDP growth projection to 6.2%

The ten emerging economies include Brazil, China, India, Indonesia, Korea, Mexico, Poland, Russia, South Africa, and Turkey

Scheme to tackle pollution by processing units in sectors on the cards

With an eye on FTAs, govt is considering incentivising industry to invest in solutions

Low demand drags India's services PMI to seven-month low in October

The survey also mentioned that services companies in India reported an increase in their expenses in October due to higher food, fuel, and staff costs

Firms dither on hiring as labour market stagnates, says NCAER survey

NCAER survey finds the share of firms looking to hire permanent workers in next 6 mths halved in Q2FY24

Non-compliance of safety issues may lead to trade barriers: Labour secy

The secretary also mentioned the use of software in Employees' State Insurance Corporation (ESIC) hospitals to detect and respond to occupational health issues

After RoDTEP, govt likely to extend export-boosting textile scheme

Ministry seeks Cabinet's approval regarding RoSCTL scheme

Manufacturing PMI at eight-month low in October due to decline in demand

According to the survey, growth eased in October due to competitive pressures despite an increase in new orders

Core sector output slows to a four-month low of 8.1% in September

Experts say pickup in rainfall expectedly flattened the core sector expansion

Gig workers in e-commerce companies yet to get platform to voice concerns

The report also notes the passage of the Rajasthan Platform-based Gig Workers Act, 2023, and hails it as a 'turning point' in providing social security to platform workers