Page 377 - Economy & Policy News
India Inc wants new govt to create jobs, control inflation: BS CEO poll
Business honchos say focus should also be on infrastructure and health care
 "India Inc wants new govt to create jobs, control inflation: BS CEO poll")
Shifting sands: How India's fuel pricing policy evolved over the years
India's progress with decontrol of fuel prices derailed in May 2022-after 12 years, three governments and two reform-driven Prime Ministers-when petrol and diesel rates surged
 "Shifting sands: How India's fuel pricing policy evolved over the years")
India is at an inflection point in technological innovation: Experts
The startup ecosystem, a key to India's technological innovation, must work in tandem with the three key functions - government, industry, and academia, said Sanjeev Gupta, KDEM
 "India is at an inflection point in technological innovation: Experts")
Special status to Bihar, Andhra Pradesh may open 'Pandora's box': Experts
Chandrababu Naidu's TDP had left the NDA in 2018 on denial of its special status demand for Andhra
 "Special status to Bihar, Andhra Pradesh may open 'Pandora's box': Experts")
RBI buys back Rs 7,287 crore bonds against notified Rs 30,000 crore
The RBI has repurchased a total of Rs 24,979 crore worth of securities in four auctions, against a total notified amount of Rs 1.7 trillion
 "RBI buys back Rs 7,287 crore bonds against notified Rs 30,000 crore")
Interest rate spreads hit new 10-year low of 2.25% for PSBs in April 2024
The spread between the outstanding lending and deposit rates has narrowed compared to the spread between fresh lending and deposit rates
 "Interest rate spreads hit new 10-year low of 2.25% for PSBs in April 2024")
India to sign IPEF agreements after formation of the new government
IPEF clean energy investor forum identifies projects worth $23 billion
 "India to sign IPEF agreements after formation of the new government")
Monthly natural gas trades shoot up 480% in May: Indian Gas Exchange
Higher demand from gas-based power plants amid hot weather fuelled the rise
 "Monthly natural gas trades shoot up 480% in May: Indian Gas Exchange")
Costlier vegetables made your thali more expensive by 9% in May: CRISIL
A vegetarian thali has roti, onion, tomato, potato, rice, dal, curd, and salad. A non-vegetarian thali has the same foods but chicken (broiler) replaces dal
 "Costlier vegetables made your thali more expensive by 9% in May: CRISIL")
Coalition, weak mandate may hinder passing ambitious reforms: Fitch
Weaker fiscal metrics relative to peers are a significant constraint for India's sovereign rating, which we affirmed at 'BBB-' with a Stable Outlook in January 2024
 "Coalition, weak mandate may hinder passing ambitious reforms: Fitch")
RBI MPC June meeting underway: It's goal, members; everything explained
The RBI MPC is entrusted with the responsibility of monetary policy in India with the primary objective of maintaining price stability while keeping in mind the objective of growth
 "RBI MPC June meeting underway: It's goal, members; everything explained")
Scorching heat fuels India's gas-fired power use to multi-year highs in May
More than 75 per cent of India's power generation was from coal in 2023, while gas-fired plants have accounted for only about 2 per cent in recent years, largely because of the high cost of gas
 "Scorching heat fuels India's gas-fired power use to multi-year highs in May")
RBI may keep interest rates on hold as slim Modi win boosts fiscal risks
Economists had already been pushing their forecasts for rate cuts to later in the year, predicting the RBI won't move until the US Federal Reserve pivots
 "RBI may keep interest rates on hold as slim Modi win boosts fiscal risks")
Rupee rises 1 paisa to 83.43 against US dollar in early trade
Forex traders said an upward movement in the crude oil prices resisted a sharp rise in the Indian currency even as investors moved cautiously ahead of the RBI's monetary policy decision.
 "Rupee rises 1 paisa to 83.43 against US dollar in early trade")
RBI Monetary Policy June 2024: Check date, time and what to expect
RBI Policy: The six-member committee tasked with setting India's benchmark interest rate, the repo rate, will meet from June 5 to June 7
 "RBI Monetary Policy June 2024: Check date, time and what to expect")
India seeks arbitration proceedings with Aus under WTO rules on services
The official said India has already communicated to the World Trade Organisation (WTO) regarding its request for arbitration on the issue
 "India seeks arbitration proceedings with Aus under WTO rules on services")
No exemption for SEZ units under the proposed Central Excise Bill
Officials get to audit businesses; duty recovery time increases to three years
 "No exemption for SEZ units under the proposed Central Excise Bill")
Rail coal freight volume rises 9.3% on summer demand pull: Govt data
All other commodities flat or lower as rail freight grows 3.9% in May
 "Rail coal freight volume rises 9.3% on summer demand pull: Govt data")
May services growth at five-month low as domestic demand weakens
HSBC India Services PMI says firms optimistic and hiring up as input costs rise
Govt borrowing cut expectations fade as coalition govt takes shape
The bond market anticipates that the Reserve Bank of India (RBI) will continue conducting buyback auctions to manage the government's surplus cash
 "Govt borrowing cut expectations fade as coalition govt takes shape")