Page 134 - Economy & Policy News

Proper data integration required to boost MSME lending, say bankers

Bankers highlighted the need for consent-based APIs and structured data to improve MSME lending, addressing working capital, technology, and credit guarantee challenges

Step up efforts to expand pension coverage: PFRDA Chairperson S Ramann

PFRDA Chairperson S Ramann called on banks, particularly private lenders, to step up efforts, improve persistency, and enhance financial literacy for broader pension coverage

Govt bond yields rise to five-month high ahead of large SDL supply

Benchmark 10-year yield closed at 6.60%, the highest since March, as higher SDL supply and Fitch's reaffirmation of India's BBB- rating weighed on sentiment

India, WFP to supply 200k tonnes of fortified rice for humanitarian needs

India and WFP signed a pact to supply 200,000 tonnes of fortified rice over five years from FCI warehouses to meet humanitarian food and nutrition needs globally

2.6 mn ineligible beneficiaries of Ladki Bahin scheme in Maha: Minister

The data of ineligible beneficiaries has been submitted to district authorities for physical verification, and appropriate action will be initiated on completion of the scrutiny

Chhattisgarh Pavilion gets massive response at Osaka Expo in Japan

The Pavilion weaves Chhattisgarh's cultural richness, industrial strength, and tourism potential

Govt to tap Amazon, Flipkart data in inflation revamp, launch index

The move could make India's retail inflation data more robust by accounting for prices on online platforms as their share in household spending rises

Fitch affirms India ratings at BBB- with stable outlook on robust growth

Strong demand and solid external finances support rating; high debt and fiscal gaps remain key constraints, Fitch says

India's $695 billion reserves can cover 11 months of exports: RBI Governor

RBI Governor Sanjay Malhotra said India's forex reserves at $695 billion can cover 11 months of imports, giving the economy a strong buffer against global shocks ahead of Aug 27 tariff deadline

GST Council may allow input tax credit for employee group insurance

"ITC on group health and life insurance policies may be taken up for discussion. But there is no proposal to exempt these policies from GST. They will continue to attract 18 per cent," official said

More supply at longer end, GST-cut proposal keep bond yields elevated

Yields on state government bonds also hardened sharply. The 10-year SDL yield, which was in the range of 6.84-6.88 per cent in the first week of April, has climbed to 7.09-7.17 per cent as of Aug 19

States rejig policies, seek Centre's help to counter Trump tariffs

From Andhra to TN and Gujarat, states fear heavy biz losses

Economic ties boosting growth, India key for AI, tech: Microsoft India Prez

Chandok, President of Microsoft India and South Asia, said that while AI now writes 30 per cent of the company's code, a massive tech debt remains on the supply side in the industry

Indian envoy discusses fair trade with US lawmakers amid tariff tensions

Kwatra met Congressman Rep Joe Courtney, Ranking Member of the Subcommittee on Seapower and Projection Forces, on Saturday

Govt mulls ₹25k cr support for exporters over six years under EPM scheme

The commerce ministry has sent the proposal to the expenditure finance committee (EFC) of the finance ministry

India in position to help lift the world out of slow growth: PM Modi

"It is not in my nature to be satisfied with what has already been achieved. The same approach guides our reforms," the PM said

Don't buy refined petro products from India if you have problem: Jaishankar

"It's funny to have people who work for a pro-business American administration accusing other people of doing business," Jaishankar said

India Post to temporarily suspend parcel services to US from Aug 25

Letters, documents, gift items up to $100 to continue

Kerala govt approves fresh DA, DR hike for state employees, pensioners

The move is expected to add about Rs 2000 crore to the state's annual spending

India, Australia conclude 11th round of talks for comprehensive trade pact

The two countries have implemented an interim trade deal in December 2022, and are now in negotiations to widen its scope into a Comprehensive Economic Cooperation Agreement