Page 232 - Economy & Policy News

India's finished steel imports from China hit 7-year high in April-Dec

China, the world's top steel producer, shipped 2.1 million metric tonnes of finished steel to India during April-December, up 13.3 per cent year-on-year, the data showed

Piyush Goyal to visit Oman to push forward India-Oman FTA discussions

The formal commencement of the India-Oman FTA negotiations began in November 2023. The negotiations on the text of most chapters were concluded by India and Oman by January 2024

CEOs bet on boost in consumption, infrastructure this Budget: BS Poll

India Inc sees uptick in investments, jobs

Reserve Bank of India ombudsman resolves 95% of complaints in FY24

Complaints rise 32 per cent in FY24

Rate cut alone may not boost growth, economists tell RBI top brass

Say durable liquidity infusion needed to reinvigorate economy; bank CEOs to meet RBI officials today

Statsguru: India does not collect more taxes than its peers, data shows

India has lower govt revenues than peers

Runaway retail credit growth highlights urgent need to protect consumers

What you can't get away from is the retail credit story is at an inflection point

US-India Tax Forum proposes simplifying TDS, customs tariff structure

To establish GIFT City as a global financial hub, the Forum has proposed tax exemptions on dividends and financial transactions

Exports to US rises 5.57% to $60 bn during Apr-Dec in FY25 on high demand

During December, the shipments increased by 8.49 per cent to $7 billion, the data showed

Reforms, innovation drive India's global economic rise: Amitabh Kant

According to the International Monetary Fund (IMF), 75-80 per cent of the world's growth this year will come from the Global South, with India and Indonesia at the forefront of this surge

Centre notifies Unified Pension Scheme for govt employees under NPS

Launched in August, UPS strikes a balance between Old Pension Scheme (OPS) and New Pension Scheme (NPS), offering government employees a guaranteed pension, post-retirement

Depreciating rupee offers opportunities for NRIs, GCCs; risks remain ahead

While firms like KPMG, Emkay Global, CRISIL, and Anarock see potential gains for overseas investors, they also caution about the challenges ahead if the rupee's fall continues

Private sector activity slows to 14-month low of 57.9 in Jan: PMI data

The index compiled by S&P Global fell to 57.9 in January from December's final reading of 59.2

Odisha fiscally healthiest; Punjab, AP, WB laggards: NITI Aayog report

Serious concern on debt sustainability in West Bengal, Punjab, says report

Weaker rupee seen as boost for exports, but reality is more complex: FIEO

Explaining it further, he said, that if the rupee depreciates by 2 per cent and the currencies of key competitors decline by 3-5 per cent, Indian exporters lose competitiveness in global markets

Forex reserves decline by $1.88 bn to $623.983 bn, shows RBI data

Earlier, the overall kitty declined by US$ 8.714 billion to US$ 625.871 billion in the week ended January 10, the Reserve Bank of India said

Rupee posts biggest weekly gain in over a year, underperforms peers

The dollar/rupee forward premiums, meanwhile, extended declines this week, as the Reserve Bank of India conducted buy/sell swaps alongside its spot intervention

January's biz growth at 14-month low due to weak services demand: PMI data

Composite job creation reached an all-time high since the survey's inception in December 2005.

Budget 2025-26: MSME ministry pitches for higher Mudra loan limits

In the proposal sent to the finance ministry, the MSME ministry has suggested raising the Shishu category limit to Rs 5 lakh and the Kishore category to Rs 10 lakh

RBI expected to transfer another bumper payout to govt, say analysts

The RBI makes an annual payout to the government from the surplus income it earns on investments and valuation changes on its dollar holdings