Page 402 - Economy & Policy News
Europe, US companies back India for derisking from China: Survey
The other key emerging markets, the survey said, are southeast Asia, where 60 per cent of the respondents were willing to put in 50 per cent more investment in the next three years
 "Europe, US companies back India for derisking from China: Survey")
Govt projects biggest power shortfall in 14 years, races to curb outages
The deficit also follows delays, a government source said, in the commissioning of 3.6 gigawatts (GW) of new coal-fired plants which had been targeted to be operational before March
 "Govt projects biggest power shortfall in 14 years, races to curb outages")
India's fiscal deficit for FY24 likely to be better than expected
Govt capex for the last financial year also in line with projections, say sources
 "India's fiscal deficit for FY24 likely to be better than expected")
Prices of pulses stable, vegetables witness rise in last one month
Traders and market players said that going forward, vegetable prices will continue to rule firm as heat wave singes supplies
 "Prices of pulses stable, vegetables witness rise in last one month")
Indian PE, VC investments decline 35% to $39 billion in 2023: Report
The private equity (PE) investments in India dropped by 18 per cent to USD 29.6 billion from a peak value of USD 36 billion in 2022
 "Indian PE, VC investments decline 35% to $39 billion in 2023: Report")
Exim Bank expects 12.3% growth in exports during Apr-Jun quarter to $116 bn
The positive growth in India's exports could be the result of the country's GDP growth fundamentals and outlook, and sustained momentum in the manufacturing and services sector, it added
 "Exim Bank expects 12.3% growth in exports during Apr-Jun quarter to $116 bn")
Reserve Bank of India repurchases govt bonds worth Rs 10,512 crore
Most of the funds were picked up by state-owned banks and insurance companies, said market participants
 "Reserve Bank of India repurchases govt bonds worth Rs 10,512 crore")
Indian Tea Association raises concerns over lower production, prices
Citing Tea Board data, the association said that North Indian tea production from January to March 2024 was down by more than 21 million kilograms
 "Indian Tea Association raises concerns over lower production, prices")
FY24 fiscal deficit seen slightly better than projected Rs 17.4 trn: Report
India's income tax receipts rose 17.7% year-on-year to nearly $235 billion in 2023/24, higher than government's projection
 "FY24 fiscal deficit seen slightly better than projected Rs 17.4 trn: Report")
UAE top destination for India migrants, hosts 3.47 million: UN report
India received more than $111 bn in remittances in 2022, the largest such amount
 "UAE top destination for India migrants, hosts 3.47 million: UN report")
A veg thali cost 8% more in April this year than a year ago: CRISIL
Non-veg thali becomes cheaper; pricier onion, tomato and potato push up price of veg thali
 "A veg thali cost 8% more in April this year than a year ago: CRISIL")
Consumer price inflation likely slipped in April, food inflation sticky
V Anantha Nageswaran, the government's chief economic adviser, said on Wednesday the Indian economy was better placed than before to pursue 'non-inflationary' growth
 "Consumer price inflation likely slipped in April, food inflation sticky")
FinMin to discuss RBI's draft project financing norms with banks, IBA
The official said banks will assess the impact of the draft rules on their balance sheets and can approach the RBI based on their assessment
 "FinMin to discuss RBI's draft project financing norms with banks, IBA")
16th Finance Commission invites suggestions on its ToR, general approach
The Commission is also mandated to review the present arrangements on financing Disaster Management initiatives, with reference to the funds constituted under the Disaster Management Act, 2005
 "16th Finance Commission invites suggestions on its ToR, general approach")
'Omens good', India can grow 6.5-7% in the next decade: CEA Nageswaran
Inflation headed towards central bank's tolerance range; 'don't see scope for nasty upside surprises'
 "'Omens good', India can grow 6.5-7% in the next decade: CEA Nageswaran")
RBI governor discusses ways to scale up UPI ecosystem with stakeholders
The meeting was attended by banks, the National Payments Corporation of India (NPCI), third-party application providers, and technology service providers
 "RBI governor discusses ways to scale up UPI ecosystem with stakeholders")
Net worth of CPSEs increased by 82% in 9 years, says finance minister
Sitharaman said the market capitalisation of 12 listed public sector banks (PSBs) has surged by 2.95 times in the past three years to Rs 16.12 trillion as of March 31, 2024
 "Net worth of CPSEs increased by 82% in 9 years, says finance minister")
Decoded: How trade deals are ratified by India's partner countries
Trade experts said that Indian government officials generally reach out to their counterparts to discuss any major concern flagged by the trade partner's Parliament during FTA negotiations
 "Decoded: How trade deals are ratified by India's partner countries")
RBI meets stakeholders to discuss strategies to widen scope, reach of UPI
UPI transaction volumes rose 54% in March, as compared to 60% a year ago
Consumer price inflation likely to eased at 4.8% in April: Reuters poll
While headline inflation has moderated in recent months, food prices, which account for nearly half the consumer price index (CPI) basket, have remained elevated, squeezing household budgets
 "Consumer price inflation likely to eased at 4.8% in April: Reuters poll")