Page 296 - Economy & Policy News

'E-Shram: One Stop Solution' launched for welfare of unorganised workers

The One Stop Solution entails consolidating and integrating data from various central ministries/departments into a single repository

Foreign investors infuse $436 mn in real estate in Q3 2024, up 139%: Report

Overall, the sector received institutional investments of $0.96 billion during the quarter

JSW Steel, ACC, NMDC among 31 bidders in 10th commercial coal mine auction

"A total of 31 companies have submitted their bids in the auction process," the coal ministry said in a statement

NRI deposits witness $7.82 billion inflows in April-August 2024: RBI data

The total outstanding NRI deposits as of August 2024 stood at $158.94 billion

NITI Aayog calls for power plants to pause installing sulphur reducing gear

NITI Aayog recommended the federal environment and power ministries to direct coal-based power plants to stop placing fresh orders for the de-sulphurisation gear, the document showed

Work on 10 more nuclear reactors underway in country, parl panel told

According to sources, the new nuclear reactors coming up in states like Gujarat, Rajasthan and Haryana are of 700 MW capacity and will start operating in the next few years

Robust domestic engines supporting India's growth outlook: RBI Bulletin

Stable growth momentum amid monetary policy easing is becoming the prevailing theme across most economies, according to an article on 'State of the Economy' published in the Bulletin

RBI sold $6.49 billion in spot forex market in August, shows bulletin

The RBI said it purchased $16.14 billion and sold $22.64 billion in the spot forex market in August

Expect Indian apparel exporters to post 9-11% revenue growth in FY25: ICRA

With the revival in demand, ICRA said it expects the capex spending to increase in FY2025 and FY2026 and may stay in the range of 5-8 per cent of the turnover

Tax filers earning over Rs 1 cr surge 5X in 10 years; returns double

Salaried individuals account for nearly 52 per cent of those declaring income exceeding Rs 1 crore in the most recent assessment year, according to data released by the tax department

Arunachal's Siang valley dam project on fast track to counter China threat

The project has been facing protests from the local population which fears severe ecological impact because of the construction of the dam.

Govt bond yields seen hardening after RBI governor ruled out a rate cut

Yield on benchmark 10-year government bond settled at 6.81 per cent on Friday

Fresh formal hirings fell to a four month low in August, shows EPFO data

EPFO data also showed that share in the 18-25 age group also declined slightly

India-Canada diplomatic row unlikely to affect businesses or students much

India and Canada have shared democratic values. The broader geopolitical considerations require India and Canada to co-operate and deepen their engagement

India recalibrates FTA strategy amid past challenges and rising imports

Standard operating procedure will take into account strategy towards modern FTA issues such as environment, labour, and digital trade

India's steel industry faces challenges as Chinese exports continue to rise

Reports indicate China is on track to export more than 100 mt in 2024 - the most since 2016

India's hunger crisis deepens as GHI 2024 shows rising child malnutrition

Child undernutrition in India is closely linked to the poor health status of mothers as evidenced by the high prevalence of anaemia among women aged 15-49 years

RBI walks the talk: NBFCs should cut usurious interest rates, high fees now

The NBFCs, which have been punished or are likely to be punished, should bring down the usurious interest rates, high fees and penalties without losing time

Meeting 2030 target may push India's solar imports to $30 bn per yr: GTRI

India installed 15 GW of solar capacity in 2023-24, raising the total to 90.8 GW by September, compared to just 2.8 GW in 2014

India's bioeconomy at $150 billion, innovation crucial for growth: BIRAC MD

To address this gap, BIRAC is emphasising innovation and nurturing startups through various programmes designed to convert academic research into marketable products