Page 6 - Shiva Rajora/workspace/business Standard Web/undefined

India's retail inflation eases to an eight-year low of 1.55% in July

The last time the Consumer Price Index (CPI) had been this benign was in June 2017, when it recorded a 1.46 per cent uptick

Align skill development programmes with local needs: House committee

A parliamentary panel has asked the skill ministry to match training programmes with local job demands, speed up skill gap reports, and improve PMKVY's industry alignment

Parliamentary panel urges govt to revise wage ceiling under ESI scheme

Panel wants faster action on wage ceiling revision, Aadhaar seeding, and improved incentives for doctors to ensure broader coverage ahead of Social Security Code rollout

After 3 decades, govt revises base year for CPI rural-farm labour

Weighting of food items has now declined by nearly 10 percentage points for both agri and rural labourers

India's services growth at 11-month high in July amid rise in exports

Services PMI at 60.5, was 60.4 in June

No proposal to exempt MPLAD funds from GST: Govt to Parliamentary panel

MoSPI tells House panel no GST exemption is planned for MPLADS use, even as the panel seeks relief to improve fund utility and suggests increasing annual allocation

NCAER suggests ₹14K cr annual green grant for states to meet RE target

To meet the 500GW renewable energy target by 2030, NCAER suggests providing Rs 14,000 crore in green grants annually to states, with significant allocations to Jharkhand, Maharashtra, and others

Govt plans national periodic survey to map children's welfare needs

MoSPI to collaborate with MoWCD for a periodic national child survey aimed at mapping the needs of children and creating a child index under the Mission Vatsalya scheme

IT major TCS affirms 600 job offers intact, but skips labour meet

TCS skips meeting with the labour ministry, saying deferment of onboarding is 'nothing new,' and it remains committed to fulfilling its job offers to over 600 professionals

Trump tariffs may drag India's FY26 GDP growth by 20-40 bps: Economists

Apart from the 25 per cent tariff, Trump on Wednesday threatened to impose a penalty on India for buying Russian oil and defence equipment

Trump tariffs may drag India's growth by 20-40 bps in FY26

Economists warn of a 0.2-0.4% GDP impact as key exports to US-pharma, smartphones, textiles-face higher duties; indirect effects on investment likely

IMF raises India's GDP growth projection by 20 bps to 6.4% for FY26

IMF revises India's FY26 GDP growth to 6.4%, citing a favourable external environment; global growth also projected higher for 2025 and 2026

India's industrial output growth dips to 10-month low of 1.5% in June

Industrial production growth in June fell to a ten-month low of 1.5%, due to weak mining and electricity output, following a revision in May's growth figure, as per National Statistics Office data

Can the employment-linked incentive scheme address India's jobs challenge?

The ELI scheme aims to support employment generation of more than 35 million jobs in two years with an outlay of Rs 1 trillion

Nearly a 3rd of ITIs scored above 8 in latest grading, showing improvement

Nearly 28% of Industrial Training Institutes (ITIs) scored above 8, marking a significant performance improvement in the latest MSDE grading for FY 2025-26

Skill Ministry forms steering committee for ITI upgradation scheme

The committee will also issue (form) regulations for setting up of five national centres of excellence for skilling, which has special emphasis on creating a skilled workforce for manufacturing sector

EPFO to meet staff unions on Friday for cadre restructuring talks

EPFO's cadre restructuring panel to meet unions to discuss staff shortages, workload, and career progression; IIT Delhi report on tech-led reforms due by December

35% bank account holders in India had inactive accounts in 2021: World Bank

Nearly half of respondents with inactive accounts cited distance from financial institutions, lack of trust in financial institutions and no need for an account as reasons for having inactive accounts

Skill ministry eyes 1990s-style reforms for vocational education

The skill ministry is currently working on introducing a new national policy on skilling, replacing the previous version launched in 2015

Youth unemployment rises to 15.3% in June, labour participation dips

Youth unemployment rose for the second month in a row as labour participation fell in June, with a sharper increase in urban joblessness, PLFS data from NSO shows