Page 226 - Economy & Policy News

CM Majhi sets 85% expenditure target for Odisha in 2024-25 fiscal year

Stating that Odisha's 6.1 per cent allocation of its Gross Domestic Product (GSDP) to capital expenditure is the highest in the country, the chief minister said programme expenditure

India needs 7.8% growth to become high income country, says World Bank

The report comes just hours before India is set to release gross domestic product figures for the last quarter

EPFO retains 8.25% interest rate on employees' PF deposits for 2024-25

The 8.10 per cent rate of interest on EPF for 2020-21 was the lowest since 1977-78, when the EPF interest rate stood at 8 per cent

India, EU looking to seal FTA deal this year: EC Prez Von der Leyen

In an address at a think-tank, the top leader of the 27-nation bloc also said that the EU is exploring a future security and defence pact with India in line with its ties with Japan, South Korea

India's economic recovery likely clouded by global trade risks ahead

The Indian government has already lowered its GDP growth estimate for the current fiscal year through March to 6.4 per cent

Q3 GDP growth seen stronger on improved rural demand, govt spending

In the three months to December, gross domestic product likely expanded by 6.3% from a year earlier, according to a Reuters' poll

Pvt sector, edu reforms critical in journey to developed nation: Experts

Laveesh Bhandari, CSEP President, said that he is not bothered about economic growth going up or coming down a bit but about medium- to long-term growth

Reducing fiscal deficit to around 3% of GDP difficult: Govt to IMF

The report further noted that both the IMF and the government saw a need for medium-term fiscal consolidation but considered targeting a more gradual pace of adjustment to be appropriate

India to sign MoU with Israel and Saudi Arabia for critical minerals

Minister Reddy announced the deployment of 20 nodal officers in international locations that have the potential for critical minerals

Rupee reverses losses, ends flat at 87.2 per dollar on likely RBI support

The rupee opened six paise weaker against the greenback, tracking the rise in the dollar index

Moderation in inflation creates policy space for RBI to cut rates: NCAER

Earlier this month, RBI slashed policy repo rate by 25 basis points to 6.25 per cent. The next monetary policy committee meeting is to be held in April

House price index rises 3.1% in third quarter of FY25, shows RBI data

The RBI released its quarterly house price index for the December quarter of 2024-25 on Thursday, based on transaction-level data received from the registration authorities in 10 major cities

Manthan Day 1 Highlights: Against all odds, India is moving ahead with growth, says FM Sitharaman

Business Standard Manthan updates: Catch all the latest developments from the summit here

India 10-yr bond yield to slip to 6.45% by Apr on rate cut: BofA executive

The premium of the 10-year India bond yield over the policy repo rate should not be more than 45-50 basis points, Jain said, adding the bank likes the "front-end of the yield curve"

'India, EU to discuss preventing banned goods from going to Russia'

Kimmo Lähdevirta, Finland's ambassador to New Delhi, said Indian cos should not circumvent sanctions on providing Russia with items such as electronics that have commercial and military applications

India's developmental model could be template for others: CEA Nageswaran

Nageswaran was the keynote speaker at the seminar organised jointly on Tuesday by the Indian High Commission, the Consulate General in Johannesburg and the CII India Business Forum

Govt considers tariff cuts on cars, chemicals as Trump duties loom

Officials in New Delhi are discussing reducing duties for automobiles, some agricultural products, chemicals, critical pharmaceuticals, as well as certain medical devices and electronics

Cong asks govt to stand up to US, says tariff removal will destroy economy

Flagging Trump's push for tariffs, Cong said if tariffs are removed on items such as apples, apple traders of Himachal will suffer. If tariff on grapes is removed, then Maharashtra will suffer

India-EU trade talks: Tariffs, market access, regulatory clashes in focus

Talks for an India-EU free trade agreement, stalled for eight years, resumed in 2021, now cover investment protection and geographical indications.

Madhya Pradesh investors' meet attracts Rs 26.6 trillion in commitments

Together with the Regional Industry Conclaves (RICs) that were held across various zones of the state over the last one-year, the investment commitment goes up to almost ₹31 trillion, Yadav said