Page 1077 - Economy & Policy News

Surging prices nudge Asia's reluctant central bank hawks off the sidelines

There has been a marked shift in the language of some of the region's less hawkish central banks on worries the renewed surge in commodity costs

India home to 12 real estate billionaires; Rajiv Singh of DLF the richest

A large part of the rise in the fortunes of these realty barons is attributed to a rally in the real estate stocks at the bourses. For the year under review, the BSE Realty index gained 55 per cent

RBI likely to revise inflation outlook as it extends rate pause: Economists

Expectations are for the RBI to revive open-market operations or resort to Operation Twists, wherein it buys longer bonds and sells shorter-dated notes, to support the market amid record debt supply

Strongest expansion since Dec: Services sector PMI rises to 53.6 in Mar

The seasonally-adjusted S&P Global India services purchasing managers' index (PMI) - released on Wednesday - showed PMI for services for March rose to 53.6 from 51.8 in the preceding month

Banks miss Rs 50,000 crore bad loan transfer deadline of March 31 to NARCL

A total of 38 non-performing accounts - amounting to Rs 82,845 crore - were identified for transfer to NARCL, in a phased manner

Asian Development Bank retains India's GDP forecast for FY23 at 7.5%

The higher capital spending is likely to improve the efficiency of India's logistics infrastructure, among others, crowd-in private investment, generate jobs in construction, and sustain growth

CAG report flags humongous duplication and privacy gaps in Aadhaar

The National auditor is particularly critical about plans to issue identity numbers to children below five years of age

NHAI settled 60 disputes for Rs 4,076 cr vs claims of Rs 14,590 in FY22

The authority had settled disputes worth Rs 14,207 crore for Rs 5,313 crore in FY21, with settlement amount being 37% of claimed amount

'Pew's view that 75 mn pushed into poverty is an opinion survey'

"As India has eliminated low-income poverty and has become a lower-middle income country, it's more useful to start using the $3.2/day poverty line"

HAL, Israel Aerospace tie up to turn civil aircraft into mid-air refuellers

Under the new MoU, "HAL will convert pre-owned civil passenger aircraft into air refuelling aircraft with cargo and transport capabilities," the IAF said.

Mumbai: Kamathipura 2.0 - from shanty locality to prized real estate

Kamathipura was originally built 150 years ago following construction of a causeway to connect the seven islands of Mumbai

Inflation woes: 10-year bond yield near 7% ahead of RBI MPC meet

The yield on the 10-year benchmark government bond closed at 6.92 per cent on Wednesday, up from the previous close of 6.90 per cent

As multiple crises hit, a case for fresh economic assessment to Parliament

Given the Covid-19 pandemic, and now the war in Europe, economists assert there could be a case for reviving the practice for the sake of fiscal transparency at least temporarily

India share of global green bonds off highs despite record issuance in 2021

The money raised in 2021 is 58.1% higher than $4.3 billion raised in 2017. A lower share would indicate that other countries have been making more use of the mechanism

India-Aus trade pact will boost bilateral trade to $100 bn by 2030: Goyal

The Economic Cooperation and Trade Agreement signed by India, Australia is expected to boost bilateral trade between the countries to $100 bn by 2030 from the current $26-27 bn, Piyush Goyal said

At least 58% of corporate staffers have one non-communicable disease: Study

48% carry risk of high cholesterol, 18% could become obese, said research by Apollo Hospitals

Average power price on Indian Energy Exchange hits 13-year high in March

Power demand during March rose at the fastest pace in three months, with electricity shortages the worst since October due to soaring temperatures and a sharp uptick in economic activity

Office space leasing up 25% at 11 msf in March quarter: Knight Frank

Bengaluru remained the biggest market with total office space leasing of 3.5 msf of office space, followed by Delhi-NCR which recorded 2.3 msf of gross leasing in the first three months of 2022

India, Australia should look at $100 bn bilateral trade by 2030: Goyal

Commerce and Industry Minister Piyush Goyal has said that India and Australia should look at boosting the bilateral trade to USD 100 billion by 2030 from the current level of around USD 27.5 billion.

Delhi, NCR CNG price up by Rs 2.5 per kg; total increase at Rs 6.6 per kg

In a month, the CNG prices have been revised seven times, which comes on the back of a surge in gas prices globally