Page 272 - Economy & Policy News
Services PMI falls marginally to 58.4 in Nov, job creation improves
Business confidence leads to 'hiring surge' as input costs rise to the 'greatest extent' in 15 months
 "Services PMI falls marginally to 58.4 in Nov, job creation improves")
GOP lawmaker seeks to impose robust tariffs on Indian ceramic tile imports
Tennessee jobs are at risk due to India's unfair and uncompetitive trade practices in the ceramic tile market, Congressman John Rose said
 "GOP lawmaker seeks to impose robust tariffs on Indian ceramic tile imports")
India's services PMI dips slightly, but hiring touches fastest pace since 2005
November Service PMI: The hiring surge was driven by improving business confidence, rising new orders, and strong international demand in the sector
 "India's services PMI dips slightly, but hiring touches fastest pace since 2005")
Maharashtra aims $1 trillion GDP with growth in manufacturing, services
Maharashtra plans to double its GDP to $1 trillion by 2030, focusing on manufacturing, EVs, semiconductors, and power reforms while maintaining its lead in FDI inflows and boosting infra development
 "Maharashtra aims $1 trillion GDP with growth in manufacturing, services")
Sustainability measures in trade adding to economic uncertainties: Govt
FTAs need to take a holistic view of the commercial significance they hold for the country and emphasise the importance of looking at goods, services, and investment together
 "Sustainability measures in trade adding to economic uncertainties: Govt")
Healthy land key to regional stability: India at UN desertification summit
Union Environment Minister Bhupender Yadav said the country promotes eco-friendly lifestyles and the use of traditional knowledge in daily life
 "Healthy land key to regional stability: India at UN desertification summit")
Rupee recovers losses after hitting new intraday low of 84.76 per dollar
Market participants said that the RBI might have sold around $2 billion today, which helped the domestic currency cut losses
 "Rupee recovers losses after hitting new intraday low of 84.76 per dollar")
MPC meet in spotlight amid speculation over Governor Shaktikanta Das' term
Meeting begins on Wednesday against backdrop of Q2 GDP growth slowdown
 "MPC meet in spotlight amid speculation over Governor Shaktikanta Das' term")
EPFO's investible corpus more than doubled in 5 years to Rs 24.75 trillion
Number of active contributing subscribers grew by 7.6 per cent to 73.7 million in FY24 from 68.5 million in FY23
 "EPFO's investible corpus more than doubled in 5 years to Rs 24.75 trillion")
India's market capitalisation-to-GDP ratio third-highest despite correction
The current ratio is slightly lower than the all-time high ratio of 154 per cent at the end of September this year. It is the highest on record after December 2007 and September
 "India's market capitalisation-to-GDP ratio third-highest despite correction")
Corporation and personal income tax collections decline in October
Festival month saw 12% dip in direct tax revenue to Rs 88,293 cr
 "Corporation and personal income tax collections decline in October")
West Bengal govt urges 50% tax devolution in submission to 16th FC
The 16th Finance Commission has been consulting states since mid-February before making recommendations on the states' share in central taxes
 "West Bengal govt urges 50% tax devolution in submission to 16th FC")
Longer ship routes causing delays, impacting global trade: Piyush Goyal
The long voyage time due to ships taking longer routes through Cape of Good Hope has impacted global trade, including Indian exports, Commerce and Industry Minister Piyush Goyal said on Tuesday.
 "Longer ship routes causing delays, impacting global trade: Piyush Goyal")
Sustainability playing important role in global trade discussions: Official
Earlier in trade discussions, the main issues which used to figure included reduction or removal of customs duties and non-tariff barriers
 "Sustainability playing important role in global trade discussions: Official")
35% GST slab in the works? A look at GST bands and how they are decided
The Group of Ministers (GoM) on GST rate rationalisation has recommended to raise GST on select sinful goods. Here's how GST Council decides on different tax bands
 "35% GST slab in the works? A look at GST bands and how they are decided")
India needs stronger partnerships in global economy: EAM Jaishankar
Jaishankar also stressed the importance of domestic development to strengthen India's credibility and attract international collaborations
 "India needs stronger partnerships in global economy: EAM Jaishankar")
MGNREGA work demand up 4% in November as farm sowing ends, shows data
According to some experts, the increase in demand may be attributed to workers returning to worksites after completing sowing activities on farms
 "MGNREGA work demand up 4% in November as farm sowing ends, shows data")
Stymied by fierce competition, manufacturing PMI slips to 56.5 in Nov
The rate of expansion is second-weakest in 11 months, the figure stood at 56.5 in January
 "Stymied by fierce competition, manufacturing PMI slips to 56.5 in Nov")
India's potential GDP growth is in range of 6.5-7%, says CEA Nageswaran
Economic Survey projected India's GDP to grow at 6.5-7 per cent in 2024-25, down from a high of 8.2 per cent in the preceding financial year
 "India's potential GDP growth is in range of 6.5-7%, says CEA Nageswaran")
Coal India's total production up by 2% to 471 million tonnes in Apr-Nov
The company's production also rose by 1.7 per cent to 67.2 MT in November against 66 MT in the corresponding month a year ago, CIL said in a regulatory filing to BSE
 "Coal India's total production up by 2% to 471 million tonnes in Apr-Nov")