Page 328 - Economy & Policy News

Rupee gives up early gains to end flat due to importers' dollar demand

Market participants said that the Reserve Bank of India's intervention through dollar buys further weighed on the rupee during the day

Fiscal deficit to increase by 15 bps to 5.1% in FY25 due to UPS: Macquarie

Under the unified system, employee contributions will remain unaltered at 10% of basic pay plus dearness allowance

Rural job market improving in FY25 but lags behind pre-pandemic levels

The work completed by July in the 2024-25 fiscal year is 230 million person-days fewer than in the same period last year under MGNREGS, signalling some improvement in traditional centres of employment

Oil prices jump 1% on West Asia escalation fears, US rate cut expectations

Brent crude futures climbed 79 cents, or 1 per cent, to $79.81 a barrel by 0910 GMT, while US crude futures were at $75.63 a barrel, up 80 cents, or 1.07 per cent

Chhattigarsh gets Rs 30 cr firepower to combat left-wing extremism

The Chhattisgarh government will receive Rs 30 crore to modernise the police forces combating rebels in the southern regions of the state

Festive season to boost gig rider demand by 40% on quick commerce platforms

The quick and ecommerce sector is expected to expand its workforce by hiring an additional one to two million gig riders throughout the upcoming festive season

India's growth likely slowed to 6.9% last qtr as govt spending lagged: Poll

Growth in Asia's third-largest economy had been well above 7 per cent during previous quarters thanks to strong capital expenditure by the government led by Prime Minister Narendra Modi

India ramped up Russia crude oil imports in June quarter: Govt data

Growth set to build on June qtr's $14.7 bn oil inflows amid competition from UAE, Iraq

UPS no burden on future govts: Cabinet Secretary-designate Somanathan

Fiscally prudent, funded within Centre's projections, stresses pension panel head

India's GDP growth likely to have moderated in June quarter: Analysts

Slowdown in key drivers due to LS polls and high base effect: Analysts

New pension norms in the works; finance ministry to meet state govts

Approved by the Union Cabinet on Saturday, the UPS kicks in from April 1, 2025

Cabinet nod to assured 50% of salary as pension for central govt employees

Existing as well as future employees will also have an option of joining the New Pension Scheme (NPS) or UPS

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