Page 251 - Economy & Policy News

Ticking time: India just 33 years away from getting 'old', says report

In terms of India integrating with the world, the report notes that it can benefit from being increasingly important for the world

FinMin considers asking banks to implement geotagging for all BCs

This is also expected to ensure that services are delivered effectively and efficiently to the intended beneficiaries

Wholesale price inflation soars to 2.37% in Dec; food prices see decline

The wholesale price index (WPI) based inflation stood at 0.86 per cent in December last year

India-Russia term deal talks for crude oil on hold amid sanctions

Refiners looking to strike arrangements with suppliers in next 2 months

MCA may widen internship scheme, engage states to boost participation

The scheme had set a target of providing 125,000 opportunities by the end of March 2025

Labour codes may align with state rules by March; West Bengal not on board

Labour economist K R Shyam Sundar said the "vaguely constructed" new labour laws were at the root of the "malady"

India to top G20 with 7.3% insurance premium growth over 2025-29: Report

Apart from health and motor - the largest lines of non-life business - penetration of agricultural insurance has improved with changes to the Pradhan Mantri Fasal Bima Yojana

We are doing FTAs only after extensive stakeholder consultations: Goyal

Citing the agreement with the four-European nation bloc EFTA, he said that for the first time in the history of FTAs, India has received a commitment of USD 100 billion FDI

IIFCL listing on the cards could give a fillip to infra financing

While it signals a return to the government's strategic divestment strategy, the amount raised will fall far short of the spending target for the sector

Digital sovereignty, focus on data centres: Ten trends to watch in 2025

The year 2025 will also see corporations leveraging AI models to reduce their environmental footprint, more recourse to alternative funding sources for startups

Rupee recovers from record low to settle 8 paise higher at 86.62/$

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.39 per cent lower at 109.38

EU continues to savour Russian LNG as US sanctions threaten India's imports

The US' latest sanctions on Russian energy supply chains could hit India's oil and gas imports, even as the EU nations and other American allies may face little impact

Govt may forecast stronger growth next FY while sticking to fiscal targets

It is likely to forecast nominal economic growth of 10.3 per cent-10.5 per cent. That's higher than the forecast of 9.7 per cent for the current year

WPI inflation rises to 2.37% in December, from 1.89% in November

WPI December 2024: WPI Food Index slightly decreased to 8.89% in December 2024 from 8.92% the month prior

India's retail inflation eases to 4-month low of 5.2% in December

But hopes of rate cut in Feb policy meet recede: Experts

Net direct tax mopup rises 16% to Rs 16.9 trillion until January 12

Corporate tax during the same period grew at a slower pace, 8.1 per cent, to Rs 7.7 trillion. The securities transaction tax grew 75.2 per cent to Rs 44,538 crore

High demand for US visa an opportunity for closer ties: Eric Garcetti

In 2024, one million non-immigrant visas, including a record number of visitor visas, were issued to Indians

Govt approves 56 new watershed development projects worth Rs 700 crore

The activities undertaken, include ridge area treatment, drainage line treatment, soil and moisture conservation, rainwater harvesting, nursery raising, pasture development, and livelihoods for asset

Need tech-savvy forces to protect digital world: FM Nirmala Sitharaman

Sitharaman said that India was growing in the eyes of all its competitors, many of whom find such growth astonishing

Latest sanctions on Russia may cut off access to discounted crude

Govt hopes there will be no shortage, no disruption for 6-8 weeks, say official sources