Page 290 - Economy & Policy News

Coal production rises 7.4% in October, dispatches increase to 82.89 MT

Coal production from captive and other entities rose to 16.59 MT in October over 11.70 MT in the corresponding month of the previous fiscal

Power consumption rises marginally to 140.4 billion units in October

In the year-ago period, the power consumption grew by over 22 per cent to 139.44 BU from 113.94 BU in October 2022

GST mop-up sees six-month high in Oct with Rs 1.87 trillion, up 8.9% Y-o-Y

From April to October 2024, gross GST collections on a year-to-date basis reached Rs 12.74 trillion, marking a 9.4 per cent increase compared to Rs 11.64 trillion during the same period last year

Rising Rajasthan Summit to get a push from local trade association

The business summit will be organised in Jaipur from December 9 to 11

Freight corridors driving equitable economic growth across India: Study

This suggests that the corridors are helping bridge the economic gap, offering a path towards more equitable economic growth across the country, research stated

Investment, private consumption driving India's growth: IMF report

The IMF kept its GDP growth forecasts for India unchanged at 7 per cent for FY25 and 6.5 per cent for FY26 in its World Economic Outlook

Climate change to put APAC GDP on thin ice with 41% melt by 2100

India alone could face 24.7% loss in GDP by 2070

Brics+ group expected to surpass G7 in global trade by 2026: EY India

The share of the rest of the world has largely remained stable increasing only marginally from 44.2 per cent to 47.9 per cent during this period

Guruji student credit card scheme fails to take off in Jharkhand

Under the scheme, a loan of up to Rs 15 lakh will be given at an interest rate of only 4 per cent with a condition to repay in 15 years

NFRA likely to notify revised audit standards soon amid ICAI concerns

ICAI feels that given the complexities of the Indian market, the revised standards will concentrate audit work in the hands of a few big firms

Rupee falls to new intra-day low of Rs 84.11 as FPIs sell equities

Globally, the US dollar has been strengthening with rising odds of a Trump victory. Trump's stance on tariffs and higher borrowing has pushed US yields up, driving capital outflows from other markets

Fintech firms capitalise on digital gold rush this festive season

Firms store physical gold in vaults to back up the accumulated gold stored digitally in a user's account

IMF's $7 billion bailout at risk as Pakistan's economy continues to weaken

The federal government has also overly committed on behalf of the four provincial governments that, too, are struggling to meet their conditions soon after the deal became effective

Vaunted consumption story in fastest-growing major economy cracking: Report

Urban demand growth has been trending down for five quarters, data from market research firm Kantar Worldpanel shows. And the sense of unease around this is spreading

UK celebrates Diwali with hopes of a 'magic moment' for India FTA deal

Says as the new government, we're still extremely keen to be getting on with our trade deal, which was meant to be signed a couple of Diwalis ago

India to face 24.7% GDP loss by 2070 due to climate change: ADB report

Rising sea levels and decreasing labour productivity would drive the most significant losses, with lower-income and fragile economies being hit the hardest

RBI well-equipped to deal with any volatility post US elections: Report

The Reserve Bank of India would be able to tap its large foreign exchange reserves to defend the domestic currency in the event of global market volatility and an outflow of foreign funds

Strong demand for premium products persists despite inflation pressures

Amid shifting retail dynamics driven by India's quick commerce boom, premium products are moving off shelves faster across all channels

Centre's fiscal deficit at 29% of FY25 target; capex challenges loom

Rising tax revenues and RBI dividend boost receipts

Core sector grows 2% in September; refinery and cement lead gains

For the first time in 42 months, the output of the core sector has contracted (-1.6 per cent) during August.