Page 371 - Economy & Policy News
EPFO enrolls 1.9 million net members in April, increase of 31% from March
55% new members added in April 2024 are of the 18-25 age group
 "EPFO enrolls 1.9 million net members in April, increase of 31% from March")
Govt allows 2,000 tonnes non-basmati white rice exports to Malawi, Zimbabwe
According to the notification, exports of 1,000 tonnes of non-basmati rice were allowed to each of the countries
 "Govt allows 2,000 tonnes non-basmati white rice exports to Malawi, Zimbabwe")
Job creation is India's top economic challenge, policy experts say: Poll
An overwhelming 91 per cent majority of development economists and policy experts, 49 of 54, said unemployment would be the biggest economic challenge for the government's term
 "Job creation is India's top economic challenge, policy experts say: Poll")
India's economic inequality to persist despite roaring GDP growth: Poll
Inequality is not something that will go away on its own ... it needs proactive government interventions
 "India's economic inequality to persist despite roaring GDP growth: Poll")
GST anti-profiteering cases to be taken up by the appellate tribunal
Council to introduce 'sunset date', allowing filing complaints up to April 1, 2025
 "GST anti-profiteering cases to be taken up by the appellate tribunal")
Govt mulls increasing frequency of unemployment data to monthly, quarterly
Developed countries typically release jobs data on a monthly basis, which is widely tracked by markets and economists to measure resilience of the economy
 "Govt mulls increasing frequency of unemployment data to monthly, quarterly")
Adani terms Cong 1991 reforms as runway, Modi's tenure as economic take-off
"If the period between 1991 and 2014 was about putting down the foundations and building the runway, the period from 2014 to 2024 has been about the aircraft taking off," Adani said
 "Adani terms Cong 1991 reforms as runway, Modi's tenure as economic take-off")
Rs 76,000-cr Vadhavan Port project in Maharashtra gets Cabinet approval
Rs 7,453 cr viability gap fund for offshore wind energy projects okayed
 "Rs 76,000-cr Vadhavan Port project in Maharashtra gets Cabinet approval")
India needs new poverty line for estimating extent of deprivation: Debroy
We still do not have an official (definition of) poverty line that goes beyond the Tendulkar Committee, says Debroy
 "India needs new poverty line for estimating extent of deprivation: Debroy")
Tech capable of improving our standard of living: Salesforce India CEO
India ahead in AI talent but lags in adoption of GenAI among enterprises, Salesforce India CEO Arundhati Bhattacharya said
 "Tech capable of improving our standard of living: Salesforce India CEO")
Country's wealth will increase 1,000% in next 50 years: NSE MD Chauhan
With the help of technological advancements, India will be able to create enormous amounts of wealth in the next 50 years, said Chauhan
 "Country's wealth will increase 1,000% in next 50 years: NSE MD Chauhan")
Centre monetised Rs 3.85 trn worth of assets as part of NMP since FY22
Vaishnaw has in the past said on the question of monetisation that railways is a public good and decisions would only be taken keeping the larger good of the masses in mind
 "Centre monetised Rs 3.85 trn worth of assets as part of NMP since FY22")
GST Council to regularise taxation issues on host of goods, services
The Council might reject bringing MSME ice cream manufacturers under the composition scheme
 "GST Council to regularise taxation issues on host of goods, services")
Govt may finalise base year revision for CPI, IIP, GDP by end of 2024
The ministry is currently undertaking a market survey, a requirement to update the base year for CPI, as it is used to update the CPI basket
 "Govt may finalise base year revision for CPI, IIP, GDP by end of 2024")
Outward remittances under LRS dips 2% in April, says RBI bulletin
According to the latest Reserve Bank of India (RBI) bulletin, the remittances under the scheme stood at $2.28 billion in April 2024, 1.98 per cent below $2.33 billion in April 2023
 "Outward remittances under LRS dips 2% in April, says RBI bulletin")
India-US working on to deepen collaboration in mining, critical minerals
Joint research by geological agencies, MoU on critical minerals, and tech exchange on the cards
 "India-US working on to deepen collaboration in mining, critical minerals")
Govt monetises Rs 1.56 trn assets in FY24, falls short of Rs 1.8 trn target
Under the NMP, the aggregate monetisation potential of the central government's brownfield infrastructure assets has been estimated at Rs 6 trillion over a four-year period, from FY22 to FY25
 "Govt monetises Rs 1.56 trn assets in FY24, falls short of Rs 1.8 trn target")
ESIC adds 1.6 mn workers, including 0.3 mn women, in April: Payroll data
According to the statement the provisional payroll data of ESIC reveals that over 1.6 million new employees have been added in April 2024
 "ESIC adds 1.6 mn workers, including 0.3 mn women, in April: Payroll data")
Rare disease patients ask for sustained funding from health ministry
LSDs are primarily treated with Enzyme Replacement Therapy (ERT), which is a lifelong treatment and can cost anywhere between Rs 17 lakh to Rs 50 lakh depending on the weight of the patient
Retail inflation steadily easing, food prices still a concern: RBI bulletin
In India, high-frequency indicators suggest the real GDP growth in Q1 FY2024-25 is broadly maintaining the pace it achieved in the preceding quarter
 "Retail inflation steadily easing, food prices still a concern: RBI bulletin")