Page 326 - Economy & Policy News

India's Q1 GDP data: Investment, consumption growth picks up pace

Investment growth above 30 per cent is considered important for driving economic growth

Panel headed by V K Gupta to simplify decades-old direct tax laws

More than 90 sections seen redundant; panel in line with Budget promise of comprehensive review

India's agriculture growth dips in Q1 as heatwave stings crop output

Low post-monsoon rains, which dried most of the reservoirs in several states across the country, also impacted the production of many crops

India's GDP growth slows to 5-quarter low of 6.7% in April-June quarter

But gross value added growth picks up pace in Q1; rains, lower inflation may help in consumption recovery

Economy in medium term could grow at 7%: CEA V Anantha Nageswaran

CEA cites GDP growth data for Q1FY25, which showed continued pickup in rural consumption

States stress on timely reporting of information on employment, job fair

The remarks came in the first, in a series of six regional meetings planned by the Ministry of Labour and Employment with all states/UTs, emphasising the spirit of cooperative federalism

Loans to industry show significant uptick in July, shows RBI data

Growth in personal loans down sharply

DIIs step up buying in equity markets in August as FPI flows soften

DII flows have remained positive for 13 consecutive months now. The last time they were net sellers was in June 2023

Manufacturing to determine India's growth path, says Piyush Goyal

Goyal argued some of the issues faced by companies in India revolve around land and lack of infrastructure

India's fiscal deficit in Apr-Jul at 17.2% of full-year target: CGA data

The deficit stood at 33.9 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24

India's GDP growth slows to 15-month low of 6.7% in April-June quarter

The agriculture sector recorded a 2 per cent growth, down from 3.7 per cent in the April-June quarter of 2023-24, as per the National Statistical Office (NSO) data released on Friday

Key infra sectors' growth slows down to 6.1% in July, shows govt data

The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth

Supporting, buying goods from each other to help Indian firms: Piyush Goyal

Commerce and Industry Minister Piyush Goyal suggested India inc to explore business opportunities in the recently approved 12 industrial townships in the country

India spends more than 3% of GDP on govt pensions, states' burden growing

Centre last week proposed new policy for its staff to manage costs

India's June qtr GDP growth likely slowed on reduced government spending

Despite strong growth relative to other economies, India is lagging on job creation and more inclusive economic growth

Actuarial valuation of unorganised sector pension scheme in offing

Proposal requires estimating liability on account of benefit under the PM-SYM scheme

Moody's raises India's growth projection; Fitch affirms 'BBB-' rating

The government has set a lower fiscal deficit target of 4.9 per cent in the union budget presented on July 23 compared with 5.1 per cent set in the interim budget in February

SBI fighting for deposits through 'service quality', says C S Setty

The lender will try to understand the pain points of customers such as staff shortage

Govt receives Rs 5,091 cr from Indian oil corp as dividend tranche

During the current financial year 2024-25, so far Rs 10,604.74 crore has been obtained through dividend from the CPSEs

India's credit self-monitoring grows by 51%: TransUnion CIBIL report

Notably, 81 per cent of consumers from non-metro regions began monitoring their credit within six months of their first credit product