Page 379 - Economy & Policy News

White collar hiring improves on demand from oil & gas, banking sectors

Hiring activity grew by 6 per cent in May compared to April driven by sectors like Healthcare and the Travel and Hospitality, according to the report

Tight election will increase prospect of productive reforms: CEA Nageswaran

Voters returned Prime Minister Narendra Modi for a third term but with a reduced margin that has left his Hindu nationalist party needing coalition partners to govern

Modi 3.0: Moody's anticipates steady policies but sees reform delays

The rating agency said although it projects India to grow faster than all other economies in the G20 through fiscal 2025-26, near-term economic momentum masks structural weaknesses

RBI's Monetary Policy Committee second meeting of FY25 from June 5-7

A poll by Bloomberg revealed that economists expected the India's central bank to maintain the repo rate at 6.5 per cent for the eight consecutive time

Weak majority for BJP poses challenges to reform agenda, says Fitch

Fitch however expected policy continuity to persist despite a slimmer majority

PM Modi's weaker mandate to slow India's fiscal tightening, says Moody's

India's benchmark 10-year bond yield saw its biggest surge in eight months following the poll outcome

May services growth cools to five-month low of 60.2 from April's 60.8: PMI

The final HSBC India Services purchasing managers' index, compiled by S&P Global, fell to 60.2 last month from April's 60.8, confounding a preliminary reading for a rise to 61.4

Election results: India's economic fundamentals remain robust, says Nomura

Reforms in India have generally survived the test of politics and we expect the government to continue the pace of governance and administrative reforms

Netherlands emerges as India's 3rd largest export destination in 2023-24

The Netherlands has taken over major destinations such as the UK, Hong Kong, Bangladesh and Germany

IPEF's clean economy investor forum meet in Singapore to begin on Jun 5

Commerce Secretary Sunil Barthwal, Additional Secretary in the ministry Rajesh Agrawal, and other senior officers have reached Singapore for the meet, which will start on June 5

Reforms for 'Viksit Bharat' may not fall prey to new coalition government

But, in coalition, the focus may go off specific policies such as labour codes and privatisation

CBIC unveils new draft, set to replace 8-decade old central excise regime

At present, Central Excise is levied mainly on petroleum products. As a part of the pre-legislative consultative process, CBIC has sought stakeholders' comments by June 26

'Modi retaining power under changed conditions to make reforms challenging'

The note from Emkay also said that market reforms like those related to land, agriculture, and labour are now "off the table"

New govt needs to fight inflation while bringing back focus on farm reforms

A favourable monsoon in 2024 should keep production worries at bay

Financial markets were given artificial booster dose by exit polls: Cong

The party is committed to an orderly and healthy development of the financial markets that reflect the fundamentals of the economy, said Congress.

FY25 begins with tepid work demand under MGNREGA, shows govt data

In April 2024, around 21.51 million households sought work under the scheme, which was 10.59 per cent lower than the number of households who sought work under the scheme in April 2023

Heatwave drags manufacturing growth to three-month low in May: PMI data

But the sector remains in expansionary territory in May. Manufacturing employment rose to one of the greatest extents seen since data collection started in March 2005

Lucknow gears up for an international business conclave on June 15-16

The International Business Conclave 2024, organised by the state's Associated Chambers of Commerce and Industry (Assocham), will focus on trade with Gulf, Asian, European, and Latin American countries

Bond, rupee strengthen as exit polls predict comfortable majority for NDA

The Reserve Bank of India (RBI) intervened in the foreign exchange market to mop up dollars to contain volatility in the exchange rate, said market participants

New govt expected to 'push the accelerator' on reforms: Assocham President

Nayar also pointed out that it is necessary for investment growth to propel the supply side in order to get a balance "between cyclical consumption-driven growth and inflation."