Page 279 - Economy & Policy News

GDP growth likely to slip to 6.5%, FY25 growth estimate at 7%: ICRA

The RBI is sticking to its estimate of 7.2 per cent growth for the fiscal, but a majority of watchers expect it to be under the 7 per cent

Coal plants in India set to miss pollution goal as smog chokes Delhi

About three-quarters of the coal-fired generators near major cities are set to miss a year-end deadline to install equipment to curb sulfur-dioxide emissions

India, UK to relaunch FTA talks in 2025, 'address remaining issues'

Announcement follows first meeting between Prime Minister Modi and his British counterpart during G-20 summit in Brazil

PLI scheme subsidy payouts to eligible companies remain in the slow lane

The government has disbursed close to Rs 4,000 crore or around a fourth of its annual subsidy payment estimate to the eligible beneficiaries under the 14 PLI schemes

PMAY-G survey to use 'face recognition' tools to identify new beneficiaries

So far, under the scheme, around 29.5 million houses have been sanctioned, out of which around 27 million have already been constructed

India meets 72% of G20 2023 goals, slips below bloc average and 2022 levels

This theme underscored the importance of a united global approach to tackling challenges like climate change, sustainable development, and financial stability

No commitment to lowering fiscal deficit, says Montek Singh Ahluwalia

Ahluwalia said if household net savings continue to decrease and fiscal deficit reduction is neglected, it could lead to significant problems, including crowding out of private investments

Attrition in private banks improving, but long way to go: Swaminathan

Substantial regulatory focus on customer in the coming days

TOP, precious metals accounted for 1/3rd of Oct inflation: CEA Nageswaran

Premature to say slowdown in urban consumption going to persistent

CAD is manageable as India is doing well in services exports: Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Tuesday said that India's current account deficit (CAD) is manageable as it is doing well in services exports.

RBI cautions on deepfake videos of governor giving financial advice

"These videos attempt to advise people to invest their money in such schemes using technological tools," the central bank said in a statement

Rupee depreciates to new low of 84.42 per dollar amid geopolitical tensions

The previous low of Rs 84.41 per dollar was hit last Thursday. The local currency had settled at Rs 84.40 per dollar on Monday

Challenges and opportunities loom in equal measure ahead of FY26 Budget

While the formal meetings of Finance Minister Nirmala Sitharaman with various stakeholders seeking their wishlist for Budget 2026 is expected to begin next month, the budget-making exercise is gaining

Bio-plastics emerge as green alternative revenue play for sugar producers

With a high differential in pricing vis-a-vis normal plastics, and backed by a generous Uttar Pradesh policy, sugar producers eye new opportunities in the climate-friendly product

Asia tariffs could harm growth and disrupt supply chains, warns IMF

Tariffs could impede global trade, hamper growth in exporting nations, and potentially raise inflation in the United States, forcing the US Federal Reserve to tighten monetary policy, despite

UK PM Starmer seeks India trade deal even Sunak couldn't pull off

The UK's trading relationship with India was worth £42 billion in the 12 months to June 2024

COP29: India, developing world face EU resistance to climate finance

A new NDC, which forms the basis of climate finance, must be submitted by next February, according to the UN Framework Convention on Climate Change (UNFCCC)

G20 Summit 2024: Deadline to phase out fossil fuel appears elusive

India opposes curbs on hydrocarbon investments, calls for expanding decarbonisation efforts, renewables

Urban unemployment rate hits fresh low of 6.4% in Q2 FY25: PLFS data

The joblessness rate in Q1FY25 had declined to 6.6 per cent from a four-quarter high of 6.7 per cent in Q4FY24

Finance Ministry sets minimum annual dividend payout norms for NBFC CPSEs

The guidelines mandate minimum annual dividend payout at 30% of PAT or 4% of net worth, whichever is higher