Page 260 - Economy & Policy News
FinMin rejects the plan to establish body for procuring green steel
Says most steel for projects is purchased indirectly through contractors rather than the govt
 "FinMin rejects the plan to establish body for procuring green steel")
Electronics exports soar 28% in Apr-Nov of FY25, led by smartphone surge
Become fastest-growing among India's top-10 exports, take 3rd place
 "Electronics exports soar 28% in Apr-Nov of FY25, led by smartphone surge")
Banks' average daily reserves fall after FIT framework: RBI report
RBI introduced ASISO facility in August 2020 to offer greater flexibility in managing day-end cash reserve ratio balances
 "Banks' average daily reserves fall after FIT framework: RBI report")
Low pvt consumption, reduced govt spending a worry but GDP to grow 6.5%: EY
India's GDP is forecasted to grow at 6.5% in FY25 and FY26, but weak private consumption, rising household debt, and sluggish government spending pose challenges
 "Low pvt consumption, reduced govt spending a worry but GDP to grow 6.5%: EY")
FPI inflows into Indian equities drop in 2024, rebound anticipated in 2025
Looking ahead to 2025, FPI flows into Indian equities could see a recovery, supported by a cyclical upswing in corporate earnings
 "FPI inflows into Indian equities drop in 2024, rebound anticipated in 2025")
Healthy FDI inflows to continue in 2025 amid investor-friendly reforms
In the January-September period this year, FDI into the country rose by about 42 per cent to $ 42.13 billion
 "Healthy FDI inflows to continue in 2025 amid investor-friendly reforms")
Govt aims to bring down fiscal deficit to 4.5% in FY26: Finmin report
Finance Minister Nirmala Sitharaman is schedule to present the Budget for 2025-26 in Parliament on February 1
 "Govt aims to bring down fiscal deficit to 4.5% in FY26: Finmin report")
GST on caramel popcorn sold in theatres to stay at 5%, govt clarifies
Separately, on the hike in GST rate on all old vehicles and used electric vehicles (EVs) from 12 per cent to 18 per cent
 "GST on caramel popcorn sold in theatres to stay at 5%, govt clarifies")
Net FDI into India slows to $2.2 billion during April-October: RBI data
The slowdown in net FDI into India is consistent with trends observed in other emerging market economies, including Mexico, Vietnam, Indonesia, the Philippines, and Thailand, among others
 "Net FDI into India slows to $2.2 billion during April-October: RBI data")
Increase in rupee volatility in Dec shows little signs of abating
Implied volatility over 3-month, 6-month period remains elevated
 "Increase in rupee volatility in Dec shows little signs of abating")
GST on old used cars only when sale price higher than depreciated value
In any other cases, GST is payable only on the value that represents the margin of the supplier i.e. the difference between selling price and the purchase price. Again, where such margin is negative
 "GST on old used cars only when sale price higher than depreciated value")
The India story: How India, the 'bright spot', can continue to shine
The third part of the series looks at the areas it needs to focus on to realise its $5 trillion ambition and be counted among the top three economies
 "The India story: How India, the 'bright spot', can continue to shine")
PM Modi stresses fundamental change in the mindset for Viksit Bharat
The meeting was chaired by the Prime Minister and attended by Finance Minister Nirmala Sitharaman, Chief Economic Adviser V Anantha Nageswaran, and NITI Aayog officials
 "PM Modi stresses fundamental change in the mindset for Viksit Bharat")
FIEO bets on five sectors to drive exports to US under Donald Trump
The comment by exporters' body comes at a time when Trump threatens to impose high tariffs on Chinese goods
 "FIEO bets on five sectors to drive exports to US under Donald Trump")
Job creation slows in unincorporated sector in 2023-24: NSO report
This is according to the latest factsheet titled 'Annual Survey of Unincorporated Sector Enterprises (ASUSE)' released by the National Statistical Office (NSO) on Tuesday
 "Job creation slows in unincorporated sector in 2023-24: NSO report")
RBI report sees economic recovery in Q3; FPI flows turns positive in Dec
The report further said India's growth trajectory is poised to lift in the second half of 2024-25, driven mainly by resilient domestic private consumption demand
 "RBI report sees economic recovery in Q3; FPI flows turns positive in Dec")
Jobs, farm productivity, infra funds figure at PM's meeting with economists
Prime Minister Modi emphasised that Viksit Bharat can be achieved through a fundamental change in mindset, which is focused towards making India developed by 2047
 "Jobs, farm productivity, infra funds figure at PM's meeting with economists")
Unincorporated enterprises rise 12.28%, sees 10% rise in jobs: Govt survey
The sector employed more than 120 mill workers between October 2023 and September 2024, marking an increase of more than one crore workers from 2022-23 and reflecting robust labour market growth
Sold net $9.28 bn in spot forex market in October, says RBI Bulletin
The RBI's net outstanding forward sale stood at $49.18 billion as of October end, compared with a net sale of $14.58 billion at the end of the previous month, the data showed
 "Sold net $9.28 bn in spot forex market in October, says RBI Bulletin")
One Nation, One Election bill could give ECI say over Assemblies' terms
In the current version of CAB, if a state's elections cannot be held with the LS, the EC will be empowered to declare the dates for those polls, effectively giving it final say on the Assembly's term
 "One Nation, One Election bill could give ECI say over Assemblies' terms")