Page 325 - Economy & Policy News

'India's dependence on Chinese imports for MSME goods has been declining'

Citing data, the official said that the concentration of musical instrument imports from China has decreased from 77.58 per cent in 2013 to 51.51 per cent in 2023

Cabinet approves Rs 18,036 cr railway line connecting Manmad and Indore

309-km rail line will give connectivity for 3 million people, add 26 MT freight

97.9% of Rs 2,000 notes returned, Rs 7,261 cr worth notes still with public

The facility for deposit and/or exchange of the Rs 2000 banknotes was available at all bank branches in the country till October 7, 2023

Nomura expects RBI to pivot to rate cuts from Oct amid weakening growth

Data released on Friday showed India's gross domestic product (GDP) grew at a slower-than-expected pace of 6.7 per cent on an annual basis in the April-June quarter

Cabinet approves seven agricultural projects worth Rs 13,966 crore

Cabinet approves seven agricultural projects worth Rs 13,966 crore

Nitin Gadkari asks state FM's to reduce GST on flex-fuel vehicles to 12%

Gadkari also said there is a need to reduce imports of fossil fuels and encourage the use of biofuel

India must avoid sway of fin mkts' expectations over macro outcomes: CEA

Speaking at the CII Financing 3.0 Summit in Mumbai, Nageswaran stated that when the financial sector is in excessively robust health, the health of the rest of the economy becomes fragile

Ethanol blending has saved Rs 99,000 crore forex since 2014, says Puri

17.3 mn metric tonnes of crude oil substituted, 51.9 mn tonnes of CO2 emissions averted, the minister said

Eye on FDI, Centre to ask state govts for investment-friendly reforms

The Centre is currently engaging with various countries to boost FDI inflows, which dropped to $26.5 billion in FY24 from $42 billion in FY23

Nomura lowers its FY25 economic growth forecast for India to 6.7%

Goldman Sachs and J.P.Morgan maintained their FY25 GDP forecast for Asia's third-largest economy at 6.5 per cent

Growth in Indian mfg sector slows to 3-mth low in August, PMI dips to 57.5

Indian manufacturers registered softer increases in new business and output during August

India's manufacturing activity growth hits 3-mth low in Aug, shows PMI

The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell for a second month in August, dropping to 57.5 from July's 58.1

Himachal mulls freebies rollback: Why is the state in a financial tangle?

Promises like reviving the Old Pension Scheme (OPS), paying Rs 1,500 to women, and providing free power have contributed to the financial strain, with the state now facing a debt of Rs 86,589 crore

Russian crude flow to India declines in Aug, Iraq improves market share

India's overall crude imports declined by around 6.6 per cent in August month-on-month to 4.5 million bpd, but the reduction in Russian shipments was more than twice as large

India's net GST mopup growth slows to 6.5% in August, shows govt data

Experts say increased refunds key factor but see robust growth ahead with start of festival season

'India has trade surplus with 151 nations; deficit with 75 during Jan-June'

The biggest surpluses were with the USA ($21 billion) and the Netherlands ($11.6 billion) during January-June this year

Chinese import of goods like umbrellas, toys hurting Indian MSMEs: GTRI

'India must invest in deep manufacturing to cut dependence on import of critical industrial products from China,' Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said

GST collections rise 10% to Rs 1.75 trillion in August, shows govt data

In August 2024, domestic revenue grew 9.2 per cent to about Rs 1.25 trillion. Gross GST revenues from import of goods were up 12.1 per cent to Rs 49,976 crore

Labour ministry to launch revamped Shram Suvidha portal by year-end

The portal will leverage AI and machine learning to facilitate ease of doing business

Mauritius invites Indian SMEs to get duty-free export benefit under AGOA

Replying to a question, High Commissioner of Mauritius to India Haymandoyal Dillum said, 'Indian industries should make the most of the AGOA agreement with African countries and the US'