Page 289 - Economy & Policy News

Centre introduces new royalty rates ahead of first offshore mineral auction

The Act has established ad valorem royalty rates for key minerals, meaning that rates are based on the mineral's sale value rather than quantity

Pakistan cuts key policy rate by 250 bps to 15%; 4th straight reduction

Average consumer price index inflation in the South Asian country is 8.7% in the current financial year, which started in July, the statistics bureau says

Rupee's stability provides resilience amid uncertainty of US elections

"The RBI remains strongly in the market to cap FX volatility and FX reserves are more than adequate," said Michael Wan, senior currency analyst at MUFG Bank. Also, India's "macro stability remains

India to enhance power demand forecasting for improved grid stability

Changing power usage patterns, rising use of intermittent solar and wind energy and increasingly frequent extreme weather events have complicated demand forecasting, requiring systemic reforms

New trade strategy could help India shift from 'no' to 'yes' in deals

Indian officials still tend to think of trade as a zero-sum game, with tariffs as the only real levers

India's EV market sees festive season boost, reversing recent slump

This year has seen the EV sector on a roll, as it took only 10 months to hit the 1.5 million mark-a feat that took a full 12 months last year

41% workers on contract in formal manufacturing sector in FY23: ASI data

Contract workers are employed by an industrial establishment through contractual agreements for a specified period or task

Statsguru: Delhi AQI worst among major cities after Diwali celebrations

Delhi experienced a significant drop in air quality following Diwali, marking a stark contrast to relatively clearer skies over the past two years

Trade gains or headwinds? Experts debate US election's impact on India

Experts say higher trade curbs under Donald Trump could hurt India's export competitiveness

Decision on limited Gati Shakti data access for private sector soon

Most depts, ministries likely to have agreed to proposal

Nearly 26 million applicants for PM Vishwakarma scheme, shows data

A total of 25.8 million applications have been submitted so far, of which 2.37 million applicants have successfully registered after undergoing a three-step verification process

Kanda Express: How onion-laden trains impact farmers, consumers, traders

Onion procurement for the first train was done by the National Cooperative Consumers Federation of India Ltd and for the 2nd by National Agricultural Cooperative Marketing Federation of India Ltd

Sebi proposes interest rate derivatives for hedging by REITs and InvITs

Currently, all NRC members for REITs and InvITs must be independent directors. The proposal allows a mix of independent and non-executive directors, similar to listed companies

Work demand under MGNREGS falls for 12th consecutive month in October

For the 12th consecutive month, work demand under the MGNREGS fell in October, reflecting a shift in the rural economy toward more lucrative job opportunities

Bibek Debroy, EAC-PM chief, passes away at 69 due to prolonged illness

Debroy was a member of NITI Aayog up to June 5, 2019. In September 2017, he was appointed Chairman of the EAC-PM

Saudi revives India investment plans amid shrinking market share

Move aimed at ensuring a major captive market for its crude oil, even as Indian refiners mull reducing the share of expensive Saudi grades sourced under term contracts

Forex reserves drop by $3.463 billion to $684.805 billion, shows RBI data

The overall reserves had dropped by $2.163 billion to $688.267 billion in the previous reporting week. In end-September, the reserves had hit an all time high of $704.885 billion

Population growth to fertility rate: What census 2025 might reveal

The census would set the stage for the delimitation exercise and introduction of the Women Reservation Act

Govt to remove logistic cost to calculate metallurgical grade bauxite ASP

Revised conversion factor would apply to new mining leases granted following the notification

Six industries contribute over 50% of formal sector manufacturing GVA: NSO

According to NSO data, this highlights the skewed nature of productivity