Page 327 - Economy & Policy News

India, Australia resume CECA negotiations; stress on boosting economic ties

The negotiations also focused on areas such as government procurement, rules of origin and agri-tech

FM Sitharaman, Goyal to attend India-Singapore ministerial meet on Monday

ISMR is a mechanism established to set a new agenda for India-Singapore bilateral relations. Its inaugural meeting was held in New Delhi in September 2022

Statsguru: India's GDP growth likely to ease; demand remains weak

There is a wide difference between the gross domestic product (GDP) and gross value added (GVA) growth rates

'India to lead next industrial revolution with biomanufacturing policy'

Approved by the Union Cabinet on Saturday, the BioE3 policy for fostering high-performance biomanufacturing aims to boost innovation and entrepreneurship in different fields

India needs to lead tech transition, create future jobs: Bhavish Aggarwal

Ola Founder Bhavish Aggarwal said the private sector has to do the bulk of job creation, step up and do more

Next round of India-Australia comprehensive trade pact talks in November

The two countries implemented an interim trade agreement in December 2022 and are now under negotiations to expand its scope

FPIs inject Rs 11,366 cr in debt market in Aug, inflow surpasses Rs 1 trn

Foreign investors' strong buying interest in the Indian debt market can be attributed to India's inclusion in JP Morgan's Emerging Market government bond indices

India should retain headline inflation as target: RBI's external rate panel

India adopted the inflation targeting framework in 2016, setting a 4% headline inflation target for the central bank's rate setting panel

UPS ensures dignity, financial security for govt employees, says PM Modi

Ensures dignity, financial security: Home minister Shah, govt employees hail UPS

PM Modi meets Joint Consultative Machinery for govt employees' delegation

The meeting coincided with the BJP-led central government's approval of the Unified Pension Scheme (UPS), which includes Assured Pension and Assured Family Pension

Govt approves Unified Pension Scheme, to benefit 2.3 mn central employees

There will be an option for the employees to opt between NPS and UPS, said Union Minister Ashwini Vaishnaw

'400 mn more women required in workforce to contribute $14 trn to economy'

As the country aims to become a $ 30 trillion economy by 2047, the report highlights the need for a substantial increase in female labour force participation to achieve this goal

Foreign shipping companies granted Rs 3,000 crore GST exemption for FY18

The Directorate General of Goods and Services Tax Intelligence withdrew the tax demand after the shipping companies collectively assured authorities that no services had been imported in 2017-18

Goldman Sachs Group cuts India's 2024 and 2025 GDP growth forecasts

The bank now expects the nation's economy to expand at 6.7% in calendar 2024, and 6.4% in 2025.

Unemployment among women increased in first quarter, shows PLFS data

PLFS data shows it rose to 9% from 8.5% in urban areas

Jerome Powell says 'time has come' for US Fed to cut interest rates

Swaps traders held roughly steady in their pricing, with the total rate cuts they foresee through the end of 2024 at about 102 basis points

Govt proposes stricter seat-belt regulations to boost road safety from 2025

This typically includes seat belts, but it can also encompass other features such as airbags, seat belt pretensioners, and load limiters

India's foreign exchange reserves rise by $4.54 billion to $674.66 billion

Gold reserves rose by $865 million during the week, while Special Drawing Rights (SDRs) increased by $60 million

Engineering exports register 3.6% growth in July amid global challenges

The Engineering Export Promotion body EEPC India chairman Arun Kumar Garodia said the engineering goods exports were USD 9.04 billion in July 2024, compared to USD 8.72 billion a year ago month

Odisha's unemployment rate at 3.9%, situation worse in urban areas: Govt

There were 11,04,229 youths -- 3,86,699 females and 7,17,530 males, who registered themselves with different employment exchanges in the state till May 31, 2024, he added