Page 291 - Economy & Policy News

Brics+ share in merchandise exports can overtake G7 by 2026: EY India

The October edition of EY Economy Watch reveals a significant shift in global trade dynamics, with the BRICS+ group rapidly increasing its share in merchandise exports and imports

India's agri-exports slip slightly, but rice and meat shipments show growth

Basmati rice exports rose sharply by 11 per cent between April and September 2024, compared to the same period in FY24 reaching $2.87 billion, aided by the recent removal of the minimum export price

Pillar Two tax regime unlikely soon as India proceeds with caution

It is proceeding cautiously and is unlikely to implement the rules anytime soon

Nearly 50% of construction workers' welfare cess funds unutilised

As on March 31, only Rs 64,193 crore was spent on workers' welfare, while Rs 47,800 crore remained unutilised

Growing strong: 60% gold reserves held domestically, shows RBI data

In the last five years, RBI gold reserves have increased from 618 metric tonnes to 854 metric tonnes

Fireworks ban: Sellers refuse to let their business bomb this Diwali

Several states have imposed formal restrictions ranging from limiting hours to manufacturing, storage, sale, and use

Delays in India's carbon trading scheme raise concerns amid UN warning

Delays in setting up a carbon market in India have become a pressing concern now, especially after a UN body warned this week of the perils of going slow on emission reductions

India fastest growing major economy, soon to become 3rd largest: Prez Murmu

Addressing an event in Delhi, she said the Indian economy had been demonstrating resilience in the face of geopolitical challenges and the country's economy was likely to grow tenfold by 2047

Spanish President affirms aid for India's energy security, green transition

He also said that the country is eager to advance negotiations for a free trade agreement (FTA) between India and the European Union

Coal, Power ministries plan winter coordination to prevent power shortages

While summer marks peak power demand across the country, with aggregate demand going beyond 250 GW on some days this year, winter highs also need to be watched

Rural demand rises but urban areas 'slow down'; will it impact GDP growth?

While rural demand has shown an uptick, rising food inflation and a slowdown in credit growth pose challenges, potentially dampening the country's growth in the second quarter of 2024-25

Germany's Rhenus Group eyes cargo operations in inland waterways

These barges, estimated to be worth $10 million each, will be brought in from overseas, but the firm eventually would tap into the local supply chain

Urban demand stress under watch, festivals may boost consumption: FinMin

H1FY25 growth driven by rural demand, agriculture, services, and stable external sector

India in cyclical slowdown, RBI's 7.2% estimate 'overly optimistic': Nomura

The brokerage said it sees "rising downside risks" to its GDP growth estimates of 6.7 per cent in the ongoing FY25 and 6.8 per cent in FY26

Positives outweigh negatives in economy: RBI Governor Shaktikanta Das

Says action against NBFCs in the best interest of customers

WTO accepts India request to defer ICT import duty dispute ruling until Apr

"The DSB agreed to the latest requests from Chinese Taipei and India," the Geneva-based official said

India, EU FTA negotiation priority, both sides pushing for early deal: MEA

During their bilateral talks at the Laxmi Vilas Palace in Vadodara, PM Modi and Sanchez discussed a wide range of topics, including trade, defence, and technology collaboration

Air connectivity policy to boost tourism, economic development in Rajasthan

The Federation of Hospitality and Tourism of Rajasthan (FHTR) also recently raised this demand with the state's Deputy Chief Minister and Tourism Minister Diya Kumari

Govt report maintains economic growth forecast but flags global risks

"Risks to growth arise from escalating geopolitical conflicts, deepening geoeconomic fragmentation and elevated valuations in financial markets in some advanced economies," the report said

Greenhouse gas emissions increases to new record in 2023: WMO report

The globally averaged surface concentration of carbon dioxide reached 420 parts per million (ppm), methane 1934 parts per billion and nitrous oxide 336.9 parts per billion (ppb) in 2023