Economy
Demand slowdown pulls down services PMI to 10-month low in September
New business intakes expanded sharply at the end of the second financial quarter, but the pace of growth retreated to a 10-month low
 "Demand slowdown pulls down services PMI to 10-month low in September")
India to continue talks with US on totalisation agreement: Piyush Goyal
According to the minister, the social security coverage details that have been shared with the US cover about 930 million people in India
 "India to continue talks with US on totalisation agreement: Piyush Goyal")
India to see steep rise in per capita income in coming decade: FM
The finance minister said that the effects of the last ten years of economic and structural reforms would manifest more thoroughly in the coming years, as the Covid shock fades from the economy
 "India to see steep rise in per capita income in coming decade: FM")
Forex reserves top $700 bn, India becomes 4th country to cross this mark
India is only the fourth economy in the world to cross $700 billion in reserves after China, Japan, and Switzerland
 "Forex reserves top $700 bn, India becomes 4th country to cross this mark")
Escalation in US-China trade war may help India to increase exports: GTRI
He said that last month, the US Senate introduced two bills that could intensify the trade war and have major global economic impacts if passed
 "Escalation in US-China trade war may help India to increase exports: GTRI")
BofA expects India's forex reserves to reach $745 billion in March 2026
RBI Governor Shaktikanta Das has repeatedly stressed the need to build a forex buffer to act as a shield during periods of market volatility
 "BofA expects India's forex reserves to reach $745 billion in March 2026")
Living standards to see steepest rise in coming decades: FM Sitharaman
"The upcoming decades will see the steepest rise in living standards for the common man, truly making it a period-defining era for an Indian to live in," she said
 "Living standards to see steepest rise in coming decades: FM Sitharaman")
India, EU regulators in negotiations as October deadline on oversight looms
The Reserve Bank of India denied European Securities and Markets Authority's request to co-supervise Indian transactions, citing concerns over "extra-territorial reach"
 "India, EU regulators in negotiations as October deadline on oversight looms")
Veg thali cost rises 11%, non-veg thali falls 2% in Sept 2024: Crisil
A sharp rise in prices and a shortage of onions, potatoes, and tomatoes have driven up the costs of veg thalis in September 2024
 "Veg thali cost rises 11%, non-veg thali falls 2% in Sept 2024: Crisil")
Why India is still dependent on coal as UK shovels fossil fuel out
South Asian nation is shifting to clean energy but it is not phasing out the fossil fuel yet
 "Why India is still dependent on coal as UK shovels fossil fuel out")
India's per capita to income to increase by $2,000 over 5 years: Sitharaman
Speaking at Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman noted that while it took the country 75 years to achieve a per capita income of $2,730, the next leap will be much faster
 "India's per capita to income to increase by $2,000 over 5 years: Sitharaman")
As demand slows, PMI services growth hits a ten-month low in September
For more than three years, the index has stayed above the 50-mark separating expansion from contraction
 "As demand slows, PMI services growth hits a ten-month low in September")
From agri boost to IEA membership: Key announcements by Modi 3.0 cabinet
The Union govt has allocated over Rs 1 trillion to support two major agriculture support schemes: the PM-Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana
 "From agri boost to IEA membership: Key announcements by Modi 3.0 cabinet")
India, US ink pact to cooperate on critical battery mineral supply chains
Goyal, speaking at Center for Strategic and International Studies in Washington after signing, described the MOU as a multi-dimensional partnership that would include open supply chains for materials
 "India, US ink pact to cooperate on critical battery mineral supply chains")
More people now employed in agri than before Covid, says PLFS data
PLFS data says share of manufacturing up
 "More people now employed in agri than before Covid, says PLFS data")
Cabinet rationalises agri schemes into 2; okays Rs 10K cr Oilseeds Mission
The Central share in the Rs 101,321 crore allocation is Rs 69,088.98 crore, and the state share is Rs 32,232.63 crore
 "Cabinet rationalises agri schemes into 2; okays Rs 10K cr Oilseeds Mission")
Supreme Court allows claiming input tax credit on construction expenses
Exception for commercial buildings meant for renting, leasing purposes
 "Supreme Court allows claiming input tax credit on construction expenses")
Has there been a slowdown in money supply after inflation targeting?
Apprehensions have been expressed in public domain of a slowdown in money supply on the back of an inadequate reserve money expansion and this could play a role in growth slowdown
 "Has there been a slowdown in money supply after inflation targeting?")
India, US discuss ways to strengthen critical minerals supply chain
Goyal and Raimondo also discussed opportunities to increase US investments in India, particularly in some of the new industrial cities being planned
 "India, US discuss ways to strengthen critical minerals supply chain")
Rupee depreciates 15 paisa against US dollar tracking Asian peers
The significant outflow from domestic equities further weighed on the Indian unit, said dealers
 "Rupee depreciates 15 paisa against US dollar tracking Asian peers")
