Page 297 - Economy & Policy News
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 steel industry faces challenges as Chinese exports continue to rise")
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
 "India's hunger crisis deepens as GHI 2024 shows rising child malnutrition")
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
 "RBI walks the talk: NBFCs should cut usurious interest rates, high fees now")
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
 "Meeting 2030 target may push India's solar imports to $30 bn per yr: GTRI")
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
 "India's bioeconomy at $150 billion, innovation crucial for growth: BIRAC MD")
CNG price may go up Rs 4-6 on supply cut, excise duty reduction to ease
Gas from legacy fields used to meet 90 per cent of the demand for CNG in May 2023 and has progressively fallen
 "CNG price may go up Rs 4-6 on supply cut, excise duty reduction to ease")
Centre forms panel to reduce gap between farm to fork in perishables
Agriculture minister suggests shared transport costs between Centre, states to reduce consumer prices for perishable goods like tomatoes, while also proposing agricultural reforms for small-scale farm
 "Centre forms panel to reduce gap between farm to fork in perishables")
FM Sitharaman meets Mexican minister on backdrop of bilateral trade summit
During the meet, Finance minister commended the strong performance of the Mexican economy in the last six years following prudent fiscal policies
 "FM Sitharaman meets Mexican minister on backdrop of bilateral trade summit")
India, Germany to ink pact on labour mobility, skill recognition next week
Pact will help the Indian workforce to move into non-traditional sectors like teaching, nursing and manufacturing
 "India, Germany to ink pact on labour mobility, skill recognition next week")
Indian banks in Canada fear biz loss amid ongoing diplomatic tensions
According to government data, about 427,000 students are studying in Canada. Banks feel they could face potential impact if this key segment of their customer base shrinks
 "Indian banks in Canada fear biz loss amid ongoing diplomatic tensions")
India and China should join hands to grow together: Justin Yifu Lin
At this stage you have an abundant supply of young laborers. And competitively, the wage rate in India is less than high medium income countries
 "India and China should join hands to grow together: Justin Yifu Lin")
Rajnath Singh urges private defence firms to make India technology hub
Several cutting-edge indigenous technologies developed under the TDF scheme were handed over to the users, including DRDO and the armed forces
 "Rajnath Singh urges private defence firms to make India technology hub")
India's forex reserves fall by $10.75 billion to $690.43 billion
Gold reserves decreased by $98 million to $65.658 billion during the week, the RBI said
 "India's forex reserves fall by $10.75 billion to $690.43 billion")
Economic activity shows dynamism but at moderated pace in Q2: NCAER-NSE
The survey said after improving for two consecutive quarters, business sentiments moderated in the second quarter of 2024-25 (134.3) compared to the first quarter (149.8)
 "Economic activity shows dynamism but at moderated pace in Q2: NCAER-NSE")
Rising deficit and debt puts Indian states under fiscal strain: NSE Report
Fiscal consolidation measures such as managing contingent liabilities, improving fiscal transparency, and enhancing the fiscal credibility of SDLs needed to address states' financial challenges
 "Rising deficit and debt puts Indian states under fiscal strain: NSE Report")
Expanding bond market to ease capital needs key to India's $5 trn goal
Nothing illustrates that challenge better than the Rs 47 trillion ($559 billion) corporate bond market. It's one of the world's smallest as a percentage of gross domestic product, at just 16 per cent
 "Expanding bond market to ease capital needs key to India's $5 trn goal")
India's crude oil import bill surge 12% in H1 FY25 amid domestic slump
Crude oil imports amounted to 120.5 million tonnes between April and September, representing a 4 per cent increase from the 115.9 million tonnes imported during the corresponding period last year
 "India's crude oil import bill surge 12% in H1 FY25 amid domestic slump")
RBI cracks down on shadow banks over high-interest loans, rule violations
The Reserve Bank of India ordered four shadow banks to stop sanctioning new loans because of high interest rate charges to customers
 "RBI cracks down on shadow banks over high-interest loans, rule violations")
Sitharaman invites Mexican firms to collaborate with startups, institutions
Discussions focused on boosting cooperation in technology and innovation, with the goal of expanding collaboration between the two countries
 "Sitharaman invites Mexican firms to collaborate with startups, institutions")
Indian bond yields expected to rise ahead of debt auction, US yields impact
Data showed US retail sales rose 0.4 per cent last month, above the 0.3 per cent estimate of economists polled by Reuters, and after an unrevised 0.1 per cent gain in August
 "Indian bond yields expected to rise ahead of debt auction, US yields impact")