Page 293 - Economy & Policy News
Meticulous planning behind Kerala GST's massive gold jewellery raids
Investigation is ongoing, and estimating the precise amount of tax evasion will be only possible after completing the verification of the seized gold and other documents
 "Meticulous planning behind Kerala GST's massive gold jewellery raids")
HSBC flash India composite PMI rises to 58.6 in Oct; job creation improves
Index has been above the 50-level separating growth from contraction for 39 consecutive months
 "HSBC flash India composite PMI rises to 58.6 in Oct; job creation improves")
On the table: FinMin to review public sector banks co-lending, MSME credit
DFS secy M Nagaraju to chair meeting on November 5
 "On the table: FinMin to review public sector banks co-lending, MSME credit")
FM Nirmala Sitharaman calls for deeper dialogue on global sovereign debt
At roundtable in Washington DC, she cautions against contingency financing instruments
 "FM Nirmala Sitharaman calls for deeper dialogue on global sovereign debt")
India Inc Q2FY25 revenue growth seen at 5-7%, slowest in 4 yrs: CRISIL
The analysis shared by CRISIL is based on 435 companies that account for almost half of the listed market capitalisation, which reported an 8.3 per cent growth in the April-June quarter
 "India Inc Q2FY25 revenue growth seen at 5-7%, slowest in 4 yrs: CRISIL")
Listed SME capital expenditure growing faster than larger players
The concluding part of the series looks at investment sentiment among listed SME companies
 "Listed SME capital expenditure growing faster than larger players")
IMF chief warns of global risk of slow growth, urges China to push reforms
The IMF says the world has made considerable progress to rein in inflation that surged in 2021 and 2022 as economies roared back with unexpected strength from pandemic lockdowns
 "IMF chief warns of global risk of slow growth, urges China to push reforms")
Cabinet nod for Rs 1K crore venture capital fund for space sector startups
The move is expected to accelerate the growth of the private space sector in India, driving advancements in space technology
 "Cabinet nod for Rs 1K crore venture capital fund for space sector startups")
India seen as growth engine for German investments in Asia-Pacific: Survey
AHK World Business Outlook, which surveyed around 820 members in Asia-Pacific and Greater China region, shows that 51 per cent of German companies based in India intend to increase their investments
 "India seen as growth engine for German investments in Asia-Pacific: Survey")
India wants to enhance its influence over other countries: FM Sitharaman
While participating in discussion on 'Bretton Woods Institutions at 80: Priorities for Next Decade', FM stated that no country, whether US which is far or China which is very close cannot ignore India
 "India wants to enhance its influence over other countries: FM Sitharaman")
Govt lifts curbs on non-basmati white rice exports, removes floor price
On September 28, the government withdrew a blanket ban on overseas shipments of non-basmati white rice and imposed the floor price
 "Govt lifts curbs on non-basmati white rice exports, removes floor price")
Major port cargo rises 6% in September at 65 million metric tonnes
The previous month saw a near 9 per cent increase in export-import (Exim) cargo and a 1.9 per cent fall in coastal cargo
 "Major port cargo rises 6% in September at 65 million metric tonnes")
MPC members comfortable on inflation; external ones cite slack demand
All members unanimously agreed to change the policy stance to neutral from withdrawal of accommodation
 "MPC members comfortable on inflation; external ones cite slack demand")
Growth needs to be supported by cheaper credit: MPC external member Nagesh
Food inflation driven by supply side rather demand which is addressed by monetary policy
 "Growth needs to be supported by cheaper credit: MPC external member Nagesh")
Thaw in Indo-China ties: How bilateral trade fared in last decade
China has been among India's top two trade partners for close to over a decade, although New Delhi's import dependency on Beijing has been high as compared to exports
 "Thaw in Indo-China ties: How bilateral trade fared in last decade")
India's economic growth an example for many Brics nations, says Putin
"All of us talk about the need to ensure high economic growth rates; you (Modi) manage to do this successfully," Putin was quoted as saying by the state-run TASS news agency
 "India's economic growth an example for many Brics nations, says Putin")
DGFT notifies policy conditions for exports of sesame seeds to US
In a separate notice, the DGFT notified the procedure for filing of annual Remission of Duties and Taxes on Exported Products (RoDTEP) return
 "DGFT notifies policy conditions for exports of sesame seeds to US")
Satellite spectrum wars: No auction, foreign companies likely to benefit
Despite domestic telcos' insistence, earlier legal judgements have only called auction 'preferable' in the case of natural resources
 "Satellite spectrum wars: No auction, foreign companies likely to benefit")
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
 "Can't accept FDI blindly, need safeguards, says FM Nirmala Sitharaman")
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'
 "IMF should introspect, ensure they don't have mission drift: Sitharaman")