Page 288 - Economy & Policy News

SBI economists see Q2 GDP growth slowing down to 6.5% this fiscal

Amid concerns over the country's economic growth rate and if it is slowing down, the analysts said they expect FY25 growth to come "closer to" 7 per cent

Rupee hits new low; yet second best performer among Asian currencies

RBI intervenes to cut volatility

Cabinet approves PM-Vidyalaxmi to provide aid to meritorious students

Rs 3,600 crore outlay outlined for the scheme till FY31

Strong demand revives services PMI in Oct, job creation improves

Companies recruit extra workers to meet domestic and international demand

Global CEOs confront new era with Donald Trump win, risk of tariffs

CEO Harald Fotland answered with a warning: "We will see more protectionism, and that might be an issue for exports out of the US."

India expects policy continuity with US regardless of election outcome: CEA

India's Chief Economic Adviser V. Anantha Nageswaran was speaking to Reuters in Singapore just as Republican Donald Trump declared victory in Tuesday's election

Maruti Suzuki looks to enhance exports with upcoming new Dzire sedan

In the domestic market, the company hopes to enhance its share in the sedan market amid the passenger vehicles market shifting towards SUVs (Sports Utility Vehicles), with the new Dzire

Sep inflation was 5.5%; Oct may be higher: RBI Governor Shaktikanta Das

RBI Governor Shaktikanta Das discusses inflation outlook and economic resilience at the Business Standard BFSI Insight Summit

India's shadow lenders retreat as bad loans increase amid crackdown

Bajaj Finance, one of the largest unsecured lenders, is cutting the number of clients with multiple loans, according to a presentation

Ocean freight rates increase for first time since July, shows data

Drewry World Container Index up 4% ahead of Christmas, New Year rush

Managerial roles waning in formal manufacturing sector, shows ASI data

Experts attribute the changing nature of the manufacturing workforce to the adoption of automation in various administrative job roles and increasing contractualisation by producers

Tea prices climb as weather impacts bulk costs; further hikes expected

The heavy cropping months for tea are June to September. However, the industry has not been able to offset initial losses

In landmark ruling, SC strikes down State's power to seize private property

The ruling calls into question the doctrine of eminent domain, where state could summarily acquire private property, particularly land, for public use, and redefines the economic powers of the state

Punjab and Haryana control paddy stubble burning, but for how long?

Both states, long seen as major contributors, have brought down incidents of stubble burning, a long-term solution will remain out of reach so long as state-support for paddy lifting remains in place

Fiscal burden of subsidies triggers political debate, rethink on freebies

Political parties routinely make pre-poll promises of subsidies and freebies, but the fiscal burden of such guarantees weighs heavily on state budgets once in power

Diesel market flashes warning sign in India as demand growth slows

Sales of the fuel used to power trucks and farm machinery were flat at 7.64 million tonnes in October from a year earlier, according to preliminary oil ministry data

Rising small-loan defaults may throw risk into India's broader economy

Personal-loan growth is moderating as the central bank last year clamped down on risky lending practices following a post-pandemic surge in credit

India Inc sends mixed signals on H2 FY25 capital expenditure path

Minutes from the October MPC show the RBI's optimism about private investments picking up

FinMin seeks comments from sponsor banks on proposed RRB amalgamation

The proposed document said the RRB with the largest business (total deposits and advances) among the amalgamating RRBs in a state would be the transferee RRB in that state

NFRA board to meet next week: Adoption of new audit rules on agenda

Sources said that the regulator could soon notify the new standards for select entities