Page 299 - Economy & Policy News

Cabinet okays railway ministry's multi-tracking project in Uttar Pradesh

The project is also expected to help railways increase freight capacity, with an estimated 28 million tonnes of freight augmentation projected

India-UK negotiations on free trade deal likely to restart in November

India expects the UK to come forward for the next round of negotiations, after the Budget presentation later this month

2nd time in 20 yrs: Manufacturing jobs pull ahead of growth, shows ASI data

Capital intensity adds horsepower to the sector in latest ASI data

Combined capex of state govts to undershoot FY25 budget estimates: ICRA

According to ICRA, the total revenues of the sample states are expected to rise by 10 per cent in FY25 compared to the previous year, well below the 18 per cent growth projected in the FY25 BE

High food prices pushing customers to curtail spending ahead of festivals

In September, retail inflation was 5.49 per cent and food inflation at 9.24 per cent. Vegetable prices were 36 per cent higher than a year ago

Cabinet approves 3% hike in Dearness Allowance; now stands at 53%

The combined impact on the exchequer due to the DA and DR increases would be Rs 9,448.35 crore per annum, according to the press statement

DA hike to MSP: Here's a list of key announcements by the Union Cabinet

The MSP increase is aimed at providing a safety net for farmers, amidst a "moderation" in inflation, while the DA hike is expected to benefit around 4.91 million employees and 6.48 million pensioners

PM Modi-led Cabinet greenlights Rs 2,642 crore rail-road bridge in Varanasi

The new bridge in Varanasi will feature four railway lines and a six-lane highway. It is being designed to last for 150 years and will span over one kilometre in length

Maha's pre-Budget welfare schemes unlikely to dent state finances: ICRA

ICRA Ratings' chief economist Aditi Nayar also expects that there will not be a "runaway increase" in spending even though the "rhetoric may be very high"

A lasting problem: How can India address its unemployment crisis?

Experts argue that India's economy has not created enough quality jobs to meet the needs of its growing labour force, particularly for young, educated individuals

UAE to address India's concerns over rise in silver, platinum alloy imports

In the case of silver, over the last few months, the commerce department tried to understand the reasons behind the surge in imports

129 mn Indians living in extreme poverty in 2024: World Bank report

Earlier, the World Bank had said that extreme poverty in India declined by 38 million in 2021 to 167.49 million, following a surge in the two preceding years

Goyal launches district master plan under PM GatiShakti for infra planning

Goyal said that the district master plan will be expanded to cover more than 750 districts across the country in the next 18 months

Canada's FDI into India has more than doubled since pandemic, shows data

The FDI numbers reflect a substantial investment in a venture such as a foreign company setting up a factory in India

GenZ spending likely to increase to $2 trillion by 2035, shows data

In 2024, the total consumption spending for Indians was pegged at $2 trillion, out of which GenZ cornered 43 per cent or about $860 billion

Showcause notice only a demand notice and not an adjudicating order

Rajagopalan answers readers' SME queries related to GST, export and import matters

RBI looking to establish a global model of risk-focused supervision: DG

He highlighted that historically, crises have acted as catalysts for bringing supervisors together to address shared challenges

Inflation may align with target in FY26: RBI Deputy Governor Patra

Patra says climate, tech risks seen as a threat to inflation-targeting

FM Sitharaman to start US, Mexico visit from today; IMF, WB meets on agenda

The finance minister will also take part in G20 Finance Ministers and Central Bank Governors meetings, in addition to bilateral meetings with various countries and organisations

Institutions rule: COCD's path to the Nobel in economics this year

Why Colonial Origins of Comparative Development is Nobel-worthy