Page 356 - Economy & Policy News

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

Foreign inflows in FAR securities almost double in 9 months: CCIL data

Market participants said that the inflows are expected to continue and might touch Rs 2.5 trillion in the next 5 to 6 months

'Huge potential': Piyush Goyal asks Swiss firms to invest in India

Goyal encouraged Swiss companies to become part of India's growth story and invest in its growing and dynamic market

CareEdge Ratings expects upcoming budget to boost revenue expenditure

The ratings agency expects the government's focus on manufacturing and capex to continue in the Budget

Farmers in India face income decline amid rising costs: Madhura Swaminathan

The professor advocated for raising subsidies to support a diversified food basket, necessary for achieving a balanced diet for the Indian population

Skill mismatch: Rising labour quality, stagnant employment in key sectors

RBI data reveals rising labour quality in industries like textiles and mining, but stagnant employment growth highlights a skill mismatch

Madhya Pradesh to hold regional industrial conclaves across the state

According to Madhya Pradesh Industrial Development Corporation (MPIDC) officials, after Jabalpur on July 20, RIC will be organised in Gwalior, Rewa, and Sagar