Page 410 - Economy & Policy News
Andromeda plans Rs 1 trillion loan disbursal in FY25 as demand rises
The home loan business of the company surged to approximately Rs 33,918 crore in FY24, up by over 22 per cent from Rs 27,798 crore in FY23
 "Andromeda plans Rs 1 trillion loan disbursal in FY25 as demand rises")
Special Courts with sessions judges can try offences under IBC: SC
The High Court had observed that the objective of the legislature was not to burden a special court comprising a sessions judge with trials under the IBC
 "Special Courts with sessions judges can try offences under IBC: SC")
Need to preserve success on inflation control on durable basis: Das at MPC
The Reserve Bank on Friday released the minutes of the Monetary Policy Committee (MPC) meeting on Friday
 "Need to preserve success on inflation control on durable basis: Das at MPC")
EPFO net subscribers' addition rises over 19% to 16.5 million in FY24
The data shows that the EPFO had added 61.12 lakh net subscribers in 2018-19, which increased to 78.58 lakh in 2019-20
 "EPFO net subscribers' addition rises over 19% to 16.5 million in FY24")
Forex reserves come of record highs as 7-week gaining streak ends
The reserves fell by $5.4 billion in the reporting week, the steepest fall in over three months. They had risen by a total of $32.5 billion in the prior seven weeks
 "Forex reserves come of record highs as 7-week gaining streak ends")
Russia squeezes Mideast, OPEC shares in India's oil mkt to historic lows
Russia is an ally of the Organization of Petroleum Exporting Countries (OPEC) but it has eaten into the share of India's crude diet from key OPEC producers in the Middle East
 "Russia squeezes Mideast, OPEC shares in India's oil mkt to historic lows")
IMF praises India for maintaining fiscal discipline in election year
For the demographic dividend to be reaped, India has to invest a lot in education and health
 "IMF praises India for maintaining fiscal discipline in election year")
Our economy doing well compared to global growth: India to World Bank
India's inflation outlook appears positive with headline and core inflation trending downwards, indicating a broad-based moderation in price pressures
 "Our economy doing well compared to global growth: India to World Bank")
FPIs pull out of debt, selling pressure may continue until bond inclusion
Selling pressure may continue until India's inclusion in JPM index in June
 "FPIs pull out of debt, selling pressure may continue until bond inclusion")
Boost to local manufacturing: India-made chips may soon power iPhones
Micron plans to supply chips from Sanand unit to Apple
 "Boost to local manufacturing: India-made chips may soon power iPhones")
On an upswing: Engineering goods exports pick up pace in H2FY24, shows data
The exports of engineering goods - comprising over a fourth of India's export basket - grew 2.1 per cent to $109.3 billion
 "On an upswing: Engineering goods exports pick up pace in H2FY24, shows data")
Good market access offered on both sides, says UK on India FTA talks
Specifically referencing the point on media access, Lord Cameron said he would have to look into the details but his personal view was that we should open up media access on both sides
 "Good market access offered on both sides, says UK on India FTA talks")
The case of apprentices: Why apprenticeship has not taken off in India
A recent report by the ILO on the employment situation in India says the country remains poised to reap its demographic dividend for at least another decade
 "The case of apprentices: Why apprenticeship has not taken off in India")
Elon Musk's Tesla initiates formal dialogue with govt on new EV policy
Meeting attended by other global and Indian OEMs sought to offer clarity on EV manufacturing scheme
 "Elon Musk's Tesla initiates formal dialogue with govt on new EV policy")
Global warming of 3 degrees Celsius may result in 10% GDP loss: ETH study
It also found that poorer, tropical countries could see the worst effects -- up to 17 per cent GDP loss
 "Global warming of 3 degrees Celsius may result in 10% GDP loss: ETH study")
New BOT terms may revive pvt capex in highways: India Ratings and Research
Most Concerns Attended to, but Toll Estimation and Traffic Diversion from Competing Roads Pose Risk
 "New BOT terms may revive pvt capex in highways: India Ratings and Research")
India's FY24 pulses imports hit 6-year high as red lentil purchases jump
India imported 4.65 million metric tons of pulses in the year ended March 31, 2024, the highest since fiscal 2018, and up from 2.53 million tons imported a year ago
 "India's FY24 pulses imports hit 6-year high as red lentil purchases jump")
NHAI identifies 33 highway stretches of 2,741 km for monetisation in FY25
NHAI's asset monetisation has crossed Rs 1 trillion till date
 "NHAI identifies 33 highway stretches of 2,741 km for monetisation in FY25")
Fed Chair Powell's US rates warning means headache for rest of the world
China doesn't have such inflation worries, but rise in the premium of US 10-year government bond yields over their Chinese equivalents to a record high has sparked concerns over depreciation of yuan
 "Fed Chair Powell's US rates warning means headache for rest of the world")
Indian economy likely to register 8-8.3% growth in FY25, says PHDCCI
The country's GDP will grow at an average of 6.7 per cent over the next 23 years to become a $34.7 trillion economy by 2047, with a per capita income of USD 21,000, it added
 "Indian economy likely to register 8-8.3% growth in FY25, says PHDCCI")