Page 374 - Economy & Policy News

RBI will not force mergers of urban co-operative banks: RBI board member

In 2021, an RBI's expert committee had suggested that weak UCBs would get a regulatory nudge to explore voluntary merger

EEPC India cautiously optimistic on engineering export growth in FY'25

This uptick is part of a consistent growth pattern, with the April-May period of FY25 witnessing exports totalling $18.65 billion

India's foreign exchange reserve hits new high of $655.81 billion

Foreign exchange market participants said that the RBI has been absorbing the foreign inflows, which led to the rise in foreign currency assets

Forex reserves jump $4.3 bn to hit new all-time high of $655.8 bn

The previous high for the kitty -- a crucial guard against any disturbances in the external sector -- was USD 648.87 billion on May 10. In the past few weeks, reserves have witnessed handsome jumps

India's May exports rise 9.1%; merchandise imports up 7.7% at $61.91 bn

Merchandise imports in the same month rose 7.7 per cent year-on-year to $61.91 billion - widening the trade deficit to $23.78 billion

Inflation expected to average 4.5% for current fiscal year: CRISIL

The rating firm said that consumer price index (CPI) inflation moderated marginally to 4.75 per cent in May

India's wholesale inflation rises to 15-month high of 2.61% in May

May 2024 WPI: Prices of crude petroleum & natural gas, food articles, and manufacturing witnessed a surge in May 2024 compared to April 2024

4 offshore crypto exchanges join queue for nod to restart India ops

FIU-India has lifted ban from Kucoin while proceedings on Binance's application are underway

L&T Finance's rural business finance book reaches Rs 25,000 crore

Non-bank lender aims to scale up loan against properties

Skill ministry to train 150K women under PMKVY in first 100 days

Along with skilling, MSDE will concentrate on promoting apprenticeship in the country, with around half a million new apprentices being engaged

100-day plan: Govt e-platform to spur exports, connect with stakeholders

Since India has been on a free trade agreement (FTA) signing spree, the platform will offer easy access to benefits under these agreements

Loss-making ONGC JV may get package to turn profitable in 2 years

Equity infusion, capital revamp of petrochemicals producer on cards

Bonds strengthen and rupee flat after favourable US inflation data

The 10-year US Treasury yield fell by 8 basis points to 4.32 per cent on Thursday

India to remain fastest growing Asia-Pacific economy, says Moody's

The report also noted that India, Indonesia, and the Philippines were the key growth outperformers in the first half of the year 2024

Shivraj plans to hold meet with states to review Lakhpati Didi scheme

Additionally, Chouhan will focus on connecting all rural habitations with all-weather roads, a goal that has seen significant progress under the Pradhan Mantri Gram Sadak Yojana (PMGSY)

NITI Aayog proposes tax exemption to boost state universities R&D

Concerns include lack of an incentive system for faculties to pursue research, the dominance of R&D from central universities rather than private and state institutions, and funding constraints

Consumer mkt presents long-term structural opportunity: N Chandrasekaran

TCPL chairman says India continues to be a strong growth market

India to remain fastest growing Asia-Pacific economy, predicts Moody's

Moody's said stronger portfolio inflows are likely in India and ASEAN economies, because of robust corporate credit metrics and appealing valuations

Modi 3.0 govt should push land, labour, agri reforms to boost growth: CII

CII President Sanjiv Puri said a lot of policy interventions in the past have put the economy on 'a much stronger wicket'.

GST Council to meet on Jun 22, may take up review of online gaming taxation

"The 53rd meeting of the GST Council will be held on 22nd June, 2024 at New Delhi," the GST Council Secretariat said in a post on X