Page 242 - Economy & Policy News
Wishlist for Budget 2025: Strengthening foundations for sustained growth
The Union Budget 2025 will be presented in the Parliament by Finance Minister Nirmala Sitharaman in a 'red bahikhata' on Saturday, 1st February
 "Wishlist for Budget 2025: Strengthening foundations for sustained growth")
NDA's policies marching India forward into the middle income trap: Congress
Congress leader P Chidambaram released the report prepared by the party's Research Department, which former Rajya Sabha M V Rajeev Gowda heads
 "NDA's policies marching India forward into the middle income trap: Congress")
Companies in India not using IBC enough to resolve insolvency: IBBI chief
IBBI data suggests that the share of CIRPs initiated by corporate debtors or companies is declining over time
 "Companies in India not using IBC enough to resolve insolvency: IBBI chief")
In a bid to revamp ITIs, skill ministry de-affiliates 449,000 seats
In an order dated January 17, the directorate general of training (DGT) - apex organization under the MSDE to develop vocational training programs de- affiliated 449,000 seats in a total of 5,848 ITIs
 "In a bid to revamp ITIs, skill ministry de-affiliates 449,000 seats")
US economy in Q4 slows to 2.3%, robust spending keeps rate cut hopes alive
Gross domestic product increased at a 2.3 per cent annualized rate last quarter after accelerating at a 3.1 per cent pace in the July-September quarter
 "US economy in Q4 slows to 2.3%, robust spending keeps rate cut hopes alive")
IBBI amends standards for info utilities rules to enhance verification
Amending the guidelines, IBBI on Wednesday said the changes streamline the filing and verification of financial default records by introducing stronger user authentication procedures
 "IBBI amends standards for info utilities rules to enhance verification")
Despite foreign money exodus, fund managers in Davos see India appeal
Foreign portfolio investors have withdrawn more than $31 billion from Indian equity markets since October, provisional exchange data shows
 "Despite foreign money exodus, fund managers in Davos see India appeal")
Chhattisgarh to grab bigger piece of NMDC's Rs 70,000 cr capex pie
NMDC unveiled the plan at a vendor meet in Hyderabad on Tuesday. The company aims to bolster its production capacity to 100 million tonnes per annum
 "Chhattisgarh to grab bigger piece of NMDC's Rs 70,000 cr capex pie")
ARCs to see uptick in cumulative recovery rates in FY25 and 26: Crisil
Debt recast in thermal power, recoveries in realty to drive performance
 "ARCs to see uptick in cumulative recovery rates in FY25 and 26: Crisil")
'States/UTs expected to pre-publish draft rules under labour codes by Mar'
The ministry is organising a two-day labour ministers' conference in the national capital on January 29-30, with participation from all the states and UTs
 "'States/UTs expected to pre-publish draft rules under labour codes by Mar'")
Unincorporated manufacturing jobs stay below 2010-11 level, shows NSO data
Data showed that the manufacturing sector employed nearly 33.7 million workers in 2023-24, compared to 34.9 million workers in 2010-11
 "Unincorporated manufacturing jobs stay below 2010-11 level, shows NSO data")
Govt approves Mutual Credit Guarantee scheme to strengthen MSME sector
Mutual Credit Guarantee scheme will provide 60% guarantee coverage for loans up to Rs 100 crore
 "Govt approves Mutual Credit Guarantee scheme to strengthen MSME sector")
Centre launches occupational shortage index to boost job opportunities
Additionally, the ministry launched the multilingual e-Shram microsite facility to ensure that unorganised workers have seamless access to both state and central government welfare programmes
 "Centre launches occupational shortage index to boost job opportunities")
Seattle consulate hosts forum to highlight India investment opportunities
A day earlier, the Indian Consulate in Seattle had hosted a special reception at the Bell Harbour Conference Centre to commemorate India's 76th Republic Day on Sunday
 "Seattle consulate hosts forum to highlight India investment opportunities")
India considering lowering tariffs on some high-end products from US
The potential tariff cuts come just a day after US President Donald Trump criticised India, China, and Brazil for imposing high tariffs
 "India considering lowering tariffs on some high-end products from US")
India needs fiscal policy changes for 6.4% GDP growth rate in 2025: Moody's
Moody's Analytics said it expects the 2025-26 Union Budget to support domestic demand, particularly investment while aiming for a fiscal deficit of less than 4.5 per cent of GDP for the next fiscal
 "India needs fiscal policy changes for 6.4% GDP growth rate in 2025: Moody's")
Reserve Bank of India's $5 billion swap shakes up rupee and bond markets
Forward premiums dip, rupee slides, and bond yields fluctuate
 "Reserve Bank of India's $5 billion swap shakes up rupee and bond markets")
US President Trump calls for 'fair' trade ties with 'tariff maker' India
Says Modi likely to travel to US in February
 "US President Trump calls for 'fair' trade ties with 'tariff maker' India")
India, Oman agree to amend tax treaty to promote greater cooperation
DTAA is signed between nations to avoid double taxation and prevent fiscal evasion as far as taxes on income is concerned
 "India, Oman agree to amend tax treaty to promote greater cooperation")
Rising wheat prices also have a subsidy aspect, thanks to open market sales
According to traders, the price spike this time could last a little longer as the Centre's ability to intervene in the market through open market sales might get squeezed due to dwindling stocks
 "Rising wheat prices also have a subsidy aspect, thanks to open market sales")