Page 2778 - Economy & Policy News
India pitches for greater systematic trade in textiles with Asean
In the last financial year, India's textiles exports to the region stood at $1.20 billion, while imports totalled $546 million
 "India pitches for greater systematic trade in textiles with Asean")
Banks are going slow in purchasing bonds ahead of the Union Budget
The market at present expects the borrowing programme to be Rs 6-6.6 trillion on a gross basis, higher by about Rs 500 billion from last year
 "Banks are going slow in purchasing bonds ahead of the Union Budget")
More joblessness: ILO sees India's unemployment rate rising to 3.5% in 2018
According to ILO's latest report, the number of jobless in the country will increase to 18.6 million in 2018 and 18.9 million in 2019, against 18.3 million in 2017
 "More joblessness: ILO sees India's unemployment rate rising to 3.5% in 2018")
Domestic air traffic doubles to over 100 mn in 7 yrs on low fares, oil
India has seen double-digit passenger growth for 40 months in a row and has been the fastest-growing domestic air travel market
 "Domestic air traffic doubles to over 100 mn in 7 yrs on low fares, oil")
West can't go long way without emerging world's help: Raghuram Rajan at WEF
About issues facing the Western world, Rajan listed technology, an ageing population and climate change
 "West can't go long way without emerging world's help: Raghuram Rajan at WEF")
'Industry 4.0 may cause social upheavals, income disparity in India, China'
The findings, part of a research report by Deloitte Global, were released at the World Economic Forum (WEF) annual summit on Tuesday
 "'Industry 4.0 may cause social upheavals, income disparity in India, China'")
India should focus on women's inclusion in economy: IMF chief at WEF
She also expressed concern over the high level of discrimination faced by women in rural India and emphasised that there is an urgent need to address this issue
 "India should focus on women's inclusion in economy: IMF chief at WEF")
India to be a $5-trillion economy by 2025: Full text of Modi's WEF speech
Modi said, 'If you want wealth with wellness, work in India; if you want peace with prosperity, live in India; if you want health with whole life, be in India'
 "India to be a $5-trillion economy by 2025: Full text of Modi's WEF speech")
Yogi Adityanath wants UP Khadi industry to jump on to online bandwagon
Directed officials to develop portal for marketing UP Khadi products, boosting entrepreneurship for creating jobs at local level
 "Yogi Adityanath wants UP Khadi industry to jump on to online bandwagon")
Cash squeeze inverts country's corporate bond yield curve
Seasonal demand from mutual funds for three-year corporate debt is aggravating the credit curve inversion
 "Cash squeeze inverts country's corporate bond yield curve")
With major reforms, India can achieve 10% growth: Arvind Panagariya
He said Indian economy grew 7.5 per cent in the first three years of the Narandra Modi government
 "With major reforms, India can achieve 10% growth: Arvind Panagariya")
ONGC gets govt nod to sell stake in IOC, GAIL to fund HPCL acquisition
Sources said ONGC had held talks with Life Insurance Corp of India (LIC) for selling IOC and GAIL shares but the state- owned insurer insisted on buying them at 10 per cent discount
 "ONGC gets govt nod to sell stake in IOC, GAIL to fund HPCL acquisition")
Do not donate over Rs 2,000 in cash to political parties: Income Tax dept
According to the scheme, no person should make a cash donation of over Rs 2000 to a political party
 "Do not donate over Rs 2,000 in cash to political parties: Income Tax dept")
Unfinished RCEP gets under the skin of nations at Asean business Summit
Proposed trade deal for bloc and six of its freer trade partners, including India, has been stuck on tariffs, services
 "Unfinished RCEP gets under the skin of nations at Asean business Summit")
Budget 2018: Cut in petrol, diesel excise duty in Oil ministry's wishlist
Modi, who faces elections in key states later this year, and a nationwide election in early 2019, has faced pressure over a rise in retail prices of petrol and diesel to a record level.
ONGC-HPCL deal: State-run oil firms to see more integration, says Pradhan
India wants to build bigger oil companies to better compete with global energy giants and withstand oil price volatility
 "ONGC-HPCL deal: State-run oil firms to see more integration, says Pradhan")
WEF 2018: Optimism booms among Davos CEOs despite geopolitical storm clouds
The PwC survey of nearly 1,300 CEOs found that 57 percent expect global growth to improve in 2018, almost twice the level of last year and the largest increase since the survey began in 2012.
 "WEF 2018: Optimism booms among Davos CEOs despite geopolitical storm clouds")
Davos 2018: Modi holds global CEO meet, IMF reaffirms India's growth story
Prime Minister Narendra Modi on Monday held a roundtable meeting with the CEOs of top global companies before his keynote address at the plenary session of the World Economic Forum
 "Davos 2018: Modi holds global CEO meet, IMF reaffirms India's growth story")
WEF Davos 2018: Modi holds global CEO meet, says India means business
Addressing a roundtable before a dinner meet, Modi narrated India's growth story.
Modi in Davos: IMF says India to be fastest growing economy in 2018 at 7.4%
India is reclaiming its place as a growth leader after a short slowdown due to GST and demonetisation, said IMF's David Lipton
 "Modi in Davos: IMF says India to be fastest growing economy in 2018 at 7.4%")