Page 305 - Economy & Policy News
Demand slowdown pulls down services PMI to 10-month low in September
New business intakes expanded sharply at the end of the second financial quarter, but the pace of growth retreated to a 10-month low
 "Demand slowdown pulls down services PMI to 10-month low in September")
Pradhan Mantri Ujjwala Yojana: Govt mulls fourth expansion of LPG scheme
2.67 mn applications pending nationwide for induction into PMUY
 "Pradhan Mantri Ujjwala Yojana: Govt mulls fourth expansion of LPG scheme")
'Out of turn' request: RBI seeks loan disbursement data from P2P companies
Norms tightened after flagging regulatory violations by some lending platforms
 "'Out of turn' request: RBI seeks loan disbursement data from P2P companies")
RBI faces a delicate balancing act ahead of key monetary policy meet
It will be important for monetary policy not to inadvertently accentuate asset price inflation, financial exuberance and the associated financial stability risks that come with it
 "RBI faces a delicate balancing act ahead of key monetary policy meet")
Social security agreement with US to take time, says Piyush Goyal
According to the minister, the social security coverage details that have been shared with the US cover about 930 million people in India
 "Social security agreement with US to take time, says Piyush Goyal")
Living standards to see steepest rise in coming decades: FM Sitharaman
The finance minister said that the effects of the last ten years of economic and structural reforms would manifest more thoroughly in the coming years, as the Covid shock fades from the economy
 "Living standards to see steepest rise in coming decades: FM Sitharaman")
Taking stock of B'desh: Trade recovers, but Indian firms tread cautiously
The concluding part of the series highlights stabilising trade ties with Dhaka, but payment delays and a complex bilateral environment remain major concerns
 "Taking stock of B'desh: Trade recovers, but Indian firms tread cautiously")
India undergoing transformational changes to sustain high growth: PM Modi
Speaking at the 3rd edition of the Kautilya Economic Conclave here, Modi committed to continuing structural reforms to help India become a developed nation by 2047
 "India undergoing transformational changes to sustain high growth: PM Modi")
Forex reserves top $700 bn, India becomes 4th country to cross this mark
India is only the fourth economy in the world to cross $700 billion in reserves after China, Japan, and Switzerland
 "Forex reserves top $700 bn, India becomes 4th country to cross this mark")
Escalation in US-China trade war may help India to increase exports: GTRI
He said that last month, the US Senate introduced two bills that could intensify the trade war and have major global economic impacts if passed
 "Escalation in US-China trade war may help India to increase exports: GTRI")
BofA expects India's forex reserves to reach $745 billion in March 2026
RBI Governor Shaktikanta Das has repeatedly stressed the need to build a forex buffer to act as a shield during periods of market volatility
 "BofA expects India's forex reserves to reach $745 billion in March 2026")
Living standards to see steepest rise in coming decades: FM Sitharaman
"The upcoming decades will see the steepest rise in living standards for the common man, truly making it a period-defining era for an Indian to live in," she said
 "Living standards to see steepest rise in coming decades: FM Sitharaman")
India, EU regulators in negotiations as October deadline on oversight looms
The Reserve Bank of India denied European Securities and Markets Authority's request to co-supervise Indian transactions, citing concerns over "extra-territorial reach"
 "India, EU regulators in negotiations as October deadline on oversight looms")
Veg thali cost rises 11%, non-veg thali falls 2% in Sept 2024: Crisil
A sharp rise in prices and a shortage of onions, potatoes, and tomatoes have driven up the costs of veg thalis in September 2024
 "Veg thali cost rises 11%, non-veg thali falls 2% in Sept 2024: Crisil")
India's per capita to income to increase by $2,000 over 5 years: Sitharaman
Speaking at Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman noted that while it took the country 75 years to achieve a per capita income of $2,730, the next leap will be much faster
 "India's per capita to income to increase by $2,000 over 5 years: Sitharaman")
As demand slows, PMI services growth hits a ten-month low in September
For more than three years, the index has stayed above the 50-mark separating expansion from contraction
 "As demand slows, PMI services growth hits a ten-month low in September")
From agri boost to IEA membership: Key announcements by Modi 3.0 cabinet
The Union govt has allocated over Rs 1 trillion to support two major agriculture support schemes: the PM-Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana
 "From agri boost to IEA membership: Key announcements by Modi 3.0 cabinet")
India, US ink pact to cooperate on critical battery mineral supply chains
Goyal, speaking at Center for Strategic and International Studies in Washington after signing, described the MOU as a multi-dimensional partnership that would include open supply chains for materials
 "India, US ink pact to cooperate on critical battery mineral supply chains")
More people now employed in agri than before Covid, says PLFS data
PLFS data says share of manufacturing up
 "More people now employed in agri than before Covid, says PLFS data")
Cabinet rationalises agri schemes into 2; okays Rs 10K cr Oilseeds Mission
The Central share in the Rs 101,321 crore allocation is Rs 69,088.98 crore, and the state share is Rs 32,232.63 crore
 "Cabinet rationalises agri schemes into 2; okays Rs 10K cr Oilseeds Mission")