Page 275 - Economy & Policy News
BS Samriddhi 2024: Uttar Pradesh gets working to be India's 'growth engine'
A transformation is underway in the state, where investments, infrastructure, and innovation converge to redefine its economic future
 "BS Samriddhi 2024: Uttar Pradesh gets working to be India's 'growth engine'")
Maha Kumbh 2025 to give Uttar Pradesh chance to showcase tourism potential
The state tourism department will set up a 'Digital Kumbh Museum' to showcase the cultural heritage of India and offer insight into the mythological and historical significance of the Kumbh
 "Maha Kumbh 2025 to give Uttar Pradesh chance to showcase tourism potential")
PM Modi visualises women-led economic growth for India: Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman was speaking at a credit outreach programme held in the north Bihar town of Darbhanga
 "PM Modi visualises women-led economic growth for India: Nirmala Sitharaman")
Second half likely to see a pick-up in GDP growth, says India Inc
The GDP data for Q2 this year are a reflection of the vagaries of monsoons, as well as slower than expected consumption growth in urban areas
 "Second half likely to see a pick-up in GDP growth, says India Inc")
Q2 growth disappointing but 6.5% GDP target for FY25 'not in danger': CEA
The 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 the preceding financial year
 "Q2 growth disappointing but 6.5% GDP target for FY25 'not in danger': CEA")
India to become world's most efficient, trusted trade hub: Revenue secy
He further said technology and trust are two pillars of the revenue department
 "India to become world's most efficient, trusted trade hub: Revenue secy")
India GDP growth hits 7-quarter low of 5.4% in Q2 amid manufacturing slump
The Q2FY25 growth in manufacturing slowed to 2.2 per cent, significantly below the 7 per cent recorded in Q1 and 14.3 per cent a year earlier
 "India GDP growth hits 7-quarter low of 5.4% in Q2 amid manufacturing slump")
House price index rises 4.3% in Q2 against 3.3% in previous quarter: RBI
The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai
 "House price index rises 4.3% in Q2 against 3.3% in previous quarter: RBI")
Key infra sectors' growth drops to 3.1% in Oct from 12.7% last year
The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth
 "Key infra sectors' growth drops to 3.1% in Oct from 12.7% last year")
Forex reserves drop $1.31 bn to $656.5 bn as of November 22, says RBI
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves
 "Forex reserves drop $1.31 bn to $656.5 bn as of November 22, says RBI")
Inflation in Europe rises to 2.3%, growth concerns dominate ECB discussions
Growth worries got new emphasis after surveys of purchasing managers compiled by S&P Global showed the eurozone economy was contracting in October
 "Inflation in Europe rises to 2.3%, growth concerns dominate ECB discussions")
Need to simplify goods and services tax, reduce cess: Ex-CEA Subramanian
Talking about other challenges, he said, some people have pointed out to me that the goods and services tax (GST) has encouraged excessive tax demands
 "Need to simplify goods and services tax, reduce cess: Ex-CEA Subramanian")
Fiscal deficit at 46.5% of full-year target at Oct-end, shows govt data
In absolute terms, the fiscal deficit -- the gap between government's expenditure and revenue -- was at Rs 7,50,824 crore during April-October period
 "Fiscal deficit at 46.5% of full-year target at Oct-end, shows govt data")
Govt mulls change in base year to 2022-23 from 2011-12 for GDP computation
The 26-member Advisory Committee on National Accounts Statistics (ACNAS), which was constituted under the Chairmanship of Biswanath Goldar, is expected to complete the exercise by early 2026
 "Govt mulls change in base year to 2022-23 from 2011-12 for GDP computation")
I-T dept probes 500 Dubai property cases, Rs 700 cr evasion found in Delhi
The Delhi investigation wing of the I-T department has conducted more than a dozen searches, uncovering evidence of 43 undisclosed Dubai properties worth over Rs 700 crore
 "I-T dept probes 500 Dubai property cases, Rs 700 cr evasion found in Delhi")
India's falling wages hit economy as consumers cut back on everything
Some of country's biggest companies from Maruti Suzuki to consumer bellwether Hindustan Unilever have posted weaker earnings recently, saying urban middle class spending has been languishing
 "India's falling wages hit economy as consumers cut back on everything")
Highways: Uttar Pradesh's path to become the first $1 trillion state
Since Adityanath took office in March 2017, various expressway projects - either commissioned or still under construction - have a total outlay of Rs 80,000 crore
 "Highways: Uttar Pradesh's path to become the first $1 trillion state")
BS Samriddhi 2024: 'UP has largest investment portal in the country'
Nivesh Mitra offers 491 online services and is adding more, say senior bureaucrat
 "BS Samriddhi 2024: 'UP has largest investment portal in the country'")
From chips to tourism, UP marks out sectors for support and growth
Awasthi said that CM Adityanath's dream is to make UP the most prosperous state of the country with its GSDP ahead of Maharashtra or any other
 "From chips to tourism, UP marks out sectors for support and growth")
BS Samriddhi 2024: UP's priority sectors need Rs 5.73 trn lending in FY25
The growth marks 50% increase in credit flow year-on-year
 "BS Samriddhi 2024: UP's priority sectors need Rs 5.73 trn lending in FY25")