Page 404 - Economy & Policy News

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

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

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

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

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

'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'

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

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

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

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

India expects FY25 growth of over 7%, says CEA V Anantha Nageswaran

The possibility of growth touching 8% in the last fiscal year that ended on March 31 is quite high, he added

Commercial banks for 1-2% project finance provisioning; RBI proposed 5%

Industry sees short-term pain

April fuel consumption rises by 6.1% year-on-year: Oil ministry data

Total consumption totalled 19.86 million metric tons (4.85 million barrels per day) in April, up from 18.71 million tons last year, data showed

Iraq closes gap with Russian oil in FY24 as Moscow's discounts shrink

Tightening of US sanctions on Russian shipping coupled with reduced availability of Russian oil due to its participation in the OPEC+ grouping's production cuts has hurt discounts to Indian refiners

In FY23, investments in mining, construction and manufacturing fell

Low capacity utilisation meant firms had less incentive to invest: Economists

EPFO 'actively' evaluating options in response to Karnataka HC judgement

The Karnataka High Court had struck down the inclusion of international workers in the EPF, deeming it "unconstitutional and arbitrary"

RBI's draft project funding norms may create funding challenge: CareEdge

Reducing debt by 20% is seen as positive for demand-based projects, lowering risks from large repayments and refinancing

Pvt sector investment in FY23 fell to Covid-year levels, govt's share up

Public non-finance corporations' (PSUs) share in investment continued to decline, registering at 9.4 per cent in FY23, according to government data

India's services PMI slides in April, remains robust due to strong demand

The headline Purchasing Managers' Index (PMI) figure, released by HSBC, slid to 60.8 in April from 61.2 recorded in March