Page 343 - Economy & Policy News

Labour productivity shrank in 9 industries during FY23: RBI's KLEMS data

Eight of these nine industries belong to the manufacturing sector

Neutral rate raised on shift in potential output, says RBI bulletin

Estimate of 1.4-1.9% increase for Q4FY24 sparks debate about possible policy repo rate cut

Rupee settles at fresh closing low of 83.66 against the US dollar

Market participants said that the Reserve Bank of India intervened in the foreign exchange market via dollar sales, which prevented the rupee from further depreciation

Shrinking informal economy: Sign of formalisation or growing hardship?

The 2022-23 Annual Survey of Unincorporated Sector Enterprises shows a grim employment situation in the non-farm informal sector

EY-Assocham report advocates raising e-commerce export ceiling to $50,000

The report said to enhance global competitiveness of exporters and offset the cost disabilities, govt should introduce a special credit package with fiscal incentives for the e-commerce export sector

NRI deposits see $3 billion inflows in April-May FY25, shows RBI data

In May alone, inflows into the various NRI schemes stood at $1.7 billion compared to $1.07 billion in April

Revival in rural spending pushing demand conditions: RBI bulletin

India's natural rate of interest now at 1.4%-1.9%, says RBI bulletin

India's fintech industry projected to reach $420 bn by 2029 at CAGR of 31%

The government's push towards a digital economy, coupled with a young and tech-savvy population, is likely to propel the fintech sector to new heights

PM Modi's new govt spending plans to remain in line with early projections

A modest expenditure plan could give an extra fillip to India's bond market, where benchmark yields are edging toward a 2-year low

G7 trade ministers' meet: Union min Goyal discusses FTA with UK, EU

Goyal was attending the G7 Trade Ministers' meeting in Italy to discuss ways to enhance global trade relations and economic cooperation

Fintech Budget wishlist: Simplified tax structures, regulatory clarity

Fintech players have called for a lower TDS for startups to ease working capital challenges

Strong fiscal position likely to enhance India's growth, says ADB

Asian Development Bank keeps FY25 growth projection unchanged at 7%

Fiscal policy reset needed, especially after a difficult Covid phase

Government intervention during the pandemic seemed conscious of the fact that India's fiscal position was not very strong at the beginning of the crisis

EU's carbon tax mechanism expected to cost India 0.05% of GDP: Report

Of India's total goods exported worldwide, CBAM-covered goods exports to the EU constitute only about 1.64 percent

Centre expands area limits by over 4x to boost critical minerals mining

The move comes after the Centre faced a setback in its initial auction of critical mineral blocks earlier this year

IMF raises India's GDP growth forecast by 20 basis points to 7% for FY25

RBI has projected the Indian economy to grow at 7.2 per cent in FY25

'Arunachal to constitute committee for drafting new industrial policy soon'

Dukam said inputs will be taken from stakeholders to ensure the policy fully realises the state's industrial potential while maintaining investor-friendly measures

Union Budget expectations highlights: Real estate sector seeks tax relief

Budget 2024 highlights: FM Nirmala Sitharaman is all set to present the Union Budget 2024-25 in the Lok Sabha on July 23

ADB keeps India's GDP growth projection for FY25 unchanged at 7%

Projection must be weighed against 'downside risks from weather events and geopolitical shocks', it says

Union Budget 2024-25: Here are the key challenges in retail sector

Digital transformation needs to have zero tolerance on consumer data breaches