Page 292 - Economy & Policy News

Can't accept FDI blindly, need safeguards, says FM Nirmala Sitharaman

Sitharaman said that to achieve the rate of growth India is aiming for, the country may need $100 billion to meet investment requirements, whereas the current figure stands between $70-80 billion

IMF should introspect, ensure they don't have mission drift: Sitharaman

'Expectations pinned on multilateral institutions are being frittered away because no solutions are coming out of them'

Trai releases consultation paper on satellite gateway authorisations

In the latest paper, Trai has asked whether there is a need to review the eligibility conditions for the existing SESG authorisation, which was recommended in 2022

Chinese imports hit Indian construction equipment manufacturing sector

Tata Hitachi, a joint venture between Japan's Hitachi Construction Machinery Company and Tata Motors, has lost market share in recent years. One reason was the influx of Chinese imports

Diesel consumption to rise 3%-4% in FY25, says Indian Oil chairman

India's annual diesel demand in April-September, half of this fiscal year, rose 1% to 44.4 million tons, according to government data, even though heavy rains curtailed the movement of trucks

India largest growing economy: IMF lists 3 focus areas for growth reforms

IMF Asia Pacific Department Director Krishna Srinivasan suggested that India's reform priorities should be in three areas: Jobs, existing trade barriers, and infrastructure sector

India to retain investment curbs from border nations: FM Sitharaman

In 2020, India stepped up vetting and security clearances in its scrutiny of investments from companies based in neighbouring countries, but did not specifically mention any nations

India remains world's largest growing economy with good fundamentals: IMF

In terms of fundamentals, IMF official said, 'despite elections, fiscal consolidation remains on track, reserve position is pretty good, and macro fundamentals, generally speaking, for India are good'

Focus on Infra, investment to make India developed by 2047: FM Sitharaman

To achieve that, the government has identified four key areas -- infrastructure, investment, innovation and inclusiveness, the finance minister said

RBI to meet private bank boards on November 18 to discuss governance

This will be 2nd meeting of its kind

Trade game: India's exports to 8 of top 10 markets grow in H1 FY25

Netherlands, US, UK see positive growth despite muted global demand

IMF retains India's GDP growth forecast at 7% for FY25, 6.5% for FY26

For India, the October outlook projects a headline inflation figure of 4.4 per cent for FY25 and 4.1 per cent for FY26

RBI action on 4 NBFCs: Microfinance SRO makes a pitch for 4% cap on RoA

Issues advisory for reviewing pricing policy

India's main challenge is skills gap for young: FM Nirmala Sitharaman

Sitharaman will head to Washington, DC, for the Annual Meetings of IMF and the World Bank, as well as the G20 Finance Ministers and Central Bank Governors meetings and other high-level discussions

DGTR suggests anti-dumping duty on Chinese drawer sliders to protect MSMEs

The imports are also undercutting the prices of the domestic industry, the DGTR has said in a notification

Rs 4 trillion transmission infra required to meet 2027 power demand: CEA

The report also provided broad estimates of the power demand and transmission requirements between 2027 and 2032, with a larger role being played by RE-rich regions

CRISIL SME Tracker: Uptick in output volume to benefit auto component SMEs

Among the segment drivers, the replacement market is expected to clock 6-8 per cent on-year growth, following 7 per cent rise last financial year

IMF predicts India's GDP growth to moderate to 7% in 2024, 6.5% in 2025

According to the latest Economic Survey, the GDP growth in 2024-25 is expected to moderate to 6.5 to 7 per cent from 8.2 per cent in 2023-24

India on track for 8% growth after FY26, says RBI Deputy Governor Patra

Headline inflation likely to remain on track throughout 2025-26

Rupee weakens to settle at new closing low as US dollar strengthens

Market participants said timely intervention by RBI through dollar sales helped avoid further depreciation of the local currency