Page 266 - Economy & Policy News

Taiwan laptop maker MSI begins manufacturing in India with Chennai facility

In line with the objective of Make in India, MSI will introduce locally-produced versions of two laptop models -- the MSI Modern 14 and MSI Thin 15, a company statement said

Swiss MFN move won't impact $100 bn EFTA investment commitment: Barthwal

Under the Double Tax Avoidance Agreement (DTAA), Switzerland had reduced the withholding tax on Indian entities operating in that country to 5 per cent from 10 per cent earlier

WPI inflation eases to three-month low in Nov as food prices cool

Food prices declined to 8.63% last month from 13.54% in October, according to government data

The new RBI should revert to old rupee policy to address challenges

In our earlier piece in these pages, we highlighted the unwelcome consequences of the exchange rate policy adopted under the outgoing Reserve Bank of India (RBI) regime

Nehru, Indira's policies hurt Indian economy for first five decades: FM

In her nearly 80-minute speech, Sitharaman said the Congress keeps questioning the Sangh Parivar about its role during the freedom movement

Impact of digitalisation on inflation needs close monitoring: DG Patra

Patra highlighted that digitalisation can be regarded as a long-term technology shock impacting economic growth, productivity, labour markets, older technologies, and inflation

India's merchandise trade deficit widens to a record $37.8 bn in Nov

Exports contract 4.85% to $32.1 billion; imports increase by 27% to $69.95 bn

High interest rates, fiscal consolidation slowing GDP growth: CRISIL

Some technical factors, such as net product taxes and the GDP deflator, have also disrupted GDP's trajectory

Bad loans in P2P more than doubles to Rs 1,163 cr in FY24: Report

RBI tightened its guidelines for P2P lending in Aug, flagging regulatory violations by some platforms

Strive for perfection in performing critical roles, RBI Guv to colleagues

Malhotra to follow an open door policy and remain accessible to everyone at RBI

India's imports from UAE jumps 109% to $6.12 billion in Nov, shows data

India's exports to the UAE rose by 11.38 per cent to $ 3 billion in the last month

Rupee weakens to new closing low of 84.87 due to rise in US Treasury yields

The rupee had settled at Rs 84.80 per dollar on Friday

Circular economy may create over 10 mn jobs by 2050: Amitabh Kant

Kant said the circular economy can be a driver of growth, and this transition not only promises cost savings but also positions India to capitalise on the global circular economy market

Pakistan's central bank cuts key policy rate by 200 basis points to 13%

The State Bank of Pakistan (SBP) announced that its Monetary Policy Committee (MPC) decided to cut the policy rate by 200 bps to 13 per cent, effective from December 17, 2024

Hurt by weak yuan, rise in US bond yields, Rupee logs record closing low

A decline in the yuan and elevated US bond yields had weighed on the rupee through the session and the currency declined further after the trade data was released

India's merchandise trade deficit widens to $37.8 billion in November

Economists had expected the country's November trade deficit to be $23.9 billion

Economy ends 2024 strong as business growth reaches 4-month high, shows PMI

Asia's third-largest economy grew a softer 5.4 per cent last quarter, but easing inflation is expected to spur demand among private sector firms

UK-India business boosted by prospect of free trade agreement, says HSBC

In the nine months to October, HSBC's UK unit received 36 per cent more business client referrals from its arm in India

Govt aims to secure Russian crude oil term deal by next financial year

Falling crude prices, shrinking global demand growth, and Rosneft's focus on India, make the timing right

French economist Thomas Piketty for emulation of 20th-century wealth tax

India abolished wealth tax in 2015, holding that it had become burdensome to the administration without substantial collections