Economy

Nearly 50,000 internship opportunities posted on portal: MCA officials

The Ministry of Corporate Affairs would make the portal open for candidates to apply from October 12th to October 25th

Consumer confidence improves in Sept on better economic conditions: RBI

Price and inflationary pressures eased across all product groups

RBI shifts stance, hints at rate cut as Fed and ECB ease policies

The Reserve Bank of India has now changed the stance, but not yet cut the policy repo rate.

RBI's shift to neutral stance suggests rate cut likely in December

Uncertainty remains elevated on a number of fronts, not least on the path for food inflation and external tensions

Fortified rice supply, border roads get Rs 21K crore Cabinet push

The Union Cabinet on Wednesday also approved the development of the National Maritime Heritage Complex (NMHC) in Gujarat, which is aimed to showcase India's maritime heritage and history

Rural households' indebtedness rose between 2016-17 and 2021-22: Nabard

The average monthly expenditure of rural households also increased during the five years from Rs 6,646 in 2016-17 to Rs 11,262 in 2021-22

NITI Aayog raises asset monetisation target for FY25 to Rs 1.9 trn

Govt may still miss the Rs 6 trillion NMP target

RBI decides to hold policy repo rate; changes stance gear to neutral

Das says inflation-growth balance well-poised; rates may start falling from Dec

India's rise as high-income developed country 'not guaranteed': Gill

Gill noted that there were only 34 countries which transitioned from a middle-income to a high-income country in the period between 1990-2023, he says

Norms for new capital instruments for Urban Cooperative Banks on anvil

Shaktikanta Das stated that to provide more flexibility, avenues for UCBs to raise capital, a discussion paper on capital-raising avenues will be issued for feedback from stakeholders

Greater confidence that inflation moderating in Q3...but risks remain: Das

We have to be very careful because there is every chance that inflation will simply bolt again, says Das

RBI proposes beneficiary name verification for RTGS and NEFT transactions

Payment Systems like UPI and IMPS provide a facility to the remitter to verify the name of the receiver before initiating a payment transaction

CBAM unilateral and arbitrary, will hurt Indian industry: FM Sitharaman

According to the European Union, CBAM is a tool to put a fair price on the carbon emitted during production of carbon-intensive goods entering the trade bloc

Power demand may reach 270 GW next year, 446 GW by 2035: CEA Chairperson

It will focus on all aspects of power sector generation, transmission and distribution, Prasad said, adding that sufficient capacities are being added in the country to meet the future demand

India bond yields drop on FTSE Russell index inclusion, RBI stance shift

Global index provider FTSE Russell said it will include India's sovereign bonds in the Emerging Markets Government Bond Index from September 2025, potentially drawing billions of dollars into bonds

Centre approves fortified rice supply continuation till December 2028

Meant to nutritional security challenges, rice fortification involves the adding of Fortified Rice Kernels (FRK), containing micronutrients such as iron, folic acid, and Vitamin B12, into regular rice

Inflation horse brought to the stable, has to be kept on a tight leash: RBI

While the September inflation print may see a significant pick-up as base effects turn adverse and food prices register an upturn, food inflation, the RBI said, is expected to ease by Q4:2024-25

How MoSPI is tackling methodological concerns via GDP base year revision

MoSPI's move to revise the GDP base year aims to improve accuracy, address past controversies, and align with updated economic realities, while consulting experts on new datasets and methodologies

India key mkt despite import duty hike: Malaysia Palm Oil Council Chief

The council is reportedly engaged in dialogues with several Indian companies to enhance the perception and acceptance of palm oil among Indian consumers

Eastern Freight Corridor cut short; major project runs into land hurdles

The Eastern arm of DFCCIL's Dedicated Freight Corridor has been cut short by 538 km, leaving a key segment unfinished due to land acquisition issues and weakening economic viability