Page 261 - Economy & Policy News

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

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

Year in review: 5 important regulatory changes by Indian govt in 2024

Addressing diverse areas ranging from patent processes to frameworks for AI regulation, the Centre introduced several significant regulatory changes in 2024

Rupee remains under pressure, touches new low of 85.12 per dollar

The local currency had settled at 85.02 per dollar after choppy trading on Friday, touching 85.11 per dollar before regaining ground against the greenback on the back of FTSE rebalancing inflows

Food inflation continues to play spoilsport for FMCG sector: Kantar report

The per household average spend in the urban market recorded a 13% jump in a year to reach Rs 6,761 this Oct quarter

Event organisers to gain ITC benefits as GST Council amends sponsorship tax

GST Council brings sponsorship services under forward charge mechanism

Inflation, tariffs & conflicts: Risks stack up for global economy in 2025

In richer economies, governments need to work out how to counter the conviction of many voters that their purchasing power, living standards and future prospects are in decline

Retail inflation for farm workers eases to 5.35%, rural labourers to 5.47%

The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase of 5 points each in November 2024, reaching levels of 1,320 and 1,331

How to tax popcorn? FM's formula sparks outrage against GST system

A finance ministry spokesperson, the GST Council Secretariat and a spokesman for the ruling Bharatiya Janata Party did not respond to requests for comment on the controversy

Rupee hits all-time low pressured by weak Yuan, strong dollar bids

The RBI's frequent interventions have supported the rupee in the face of multiple headwinds, including a hawkish shift in the Federal Reserve's outlook for policy rates over 2025, concerns about India

Middle East share of India's Nov oil imports at 9-month high; Russia down

Refiners in India have been gorging on cheaper Russian oil despite problems posed by sanctions aimed at reducing Moscow's oil revenue

WB's revenue expenditure outpaces capital spending in H1 FY25: Report

While the state recorded a 13.5-per cent year-on-year increase in revenue expenditure, its capital expenditure grew by only 7.7 per cent

India's top economic moments in 2024: Women welfare to foreign inflows

Year ender 2024: India has maintained its position as the fifth-largest economy and continues to be one of the fastest growing economies in the world. Here's how 2024 panned out for the country

1% rise in m-cap leads to 0.6% rise in GDP growth rate: SBI Eco Research

Savings of households in 'shares and debentures' has increased to 1 per cent of GDP in FY24, from 0.2 per cent in FY14

Separate rate for caramelised popcorn draws criticism from economists

"This is a national tragedy, violating the spirit of the Good & Simple Tax the GST was meant to be," says former chief economic adviser Arvind Subramanian

India under pressure as Trump vows action on tariffs and trade deficit

Experts fear that Indian exporters might have to pay higher duties while exporting pharmaceuticals, textiles, chemicals, and engineering goods

GST Council paves way for CGST Act amendments during Budget session

FinMin says some changes may take effect from April

Out of sync: Persistent mismatch between MGNREGA wage growth and inflation

Over the past few years, wage growth has consistently trailed both general and food inflation rates, with the exceptions of FY21 and FY24

Delegation of state ministers, CMs, CEOs to attend WEF Summit in Davos

Prime Minister Narendra Modi has also attended the meeting in the past, but there is no official word so far about his participation in the high-profile summit

Bihar receives record Rs 1.81 trillion investment proposals, says minister

Sun Petrochemicals will invest Rs 36,700 crore in renewable energy projects, including pump hydro and solar plants. Adani Group, which is the largest private investor in the state, committed to invest