Page 412 - Economy & Policy News

Treasury Secy Yellen says US working to mitigate risks to global economy

In remarks prepared for a news conference, Yellen said the U.S. labor market was remarkably healthy and inflation was down significantly from its peak, although there was more work to do

Uttar Pradesh govt eyeing investment of Rs 32K cr in hospitality sector

The state is focusing on ramping up hospitality units in tourism hotspots such as Varanasi, Ayodhya, Prayagraj, and Agra

India fastest growing economy during last 3 financial years: Sitharaman

She said that foreign investors are coming to invest in India due to the credibility of its economy

Unemployment rate to decline 97 basis points by 2028, says ORF report

"India's job market is experiencing a transformation as the country has become the world's fastest growing large economy in the aftermath of the Covid-19 pandemic," the report said

Interest rate cuts in India 'off the table' in FY24-25, says Morgan Stanley

The central bank seeks to ensure inflation aligns durably and sustainably to its 4 per cent target

India's electronics exports increase 23.6% to $29.12 billion in FY24

According to commerce department officials, the top five export market of electronics good are - the US, United Arab Emirates, Netherland, United Kingdom, and Italy

Smartphone makers pin hopes on new launches after tepid March quarter

Slowdown in the decline of 2G subscribers hurting smart phone sales

Some states saw higher inflation than national average, shows data

Some had higher inflation every month of the year

Wholesale price inflation rises to three-month high of 0.53% in March

The overall FY24 wholesale headline inflation stood at -0.7 per cent as compared to 9.6 per cent in FY23

Israel outweighs Iran in trade with India since 2019, shows data

India's exports to Iran dropped to $1.2 billion as of December 2023, on a rolling 4-quarter basis. India's exports to Israel grew to $6.1 billion in the same period

Centre in a huddle to understand impact of the Iran-Israel tensions

Inter-ministerial meets, stakeholder talks take off

India's exports shrink 3% in FY24 but tide is turning, says govt

India's trade deficit at 11-month low in March

Govt raises windfall tax on petroleum crude to Rs 9,600 per MT from Apr 16

The tax, which is revised every fortnight, will remain unchanged at zero for diesel and aviation turbine fuel

Rupee settles at record closing low amidst escalating tensions in West Asia

However, Indian rupee on Monday performed better than the majority of the Asian currencies

Govt collects Rs 27k cr in taxes from sr citizens on FD interest: SBI

According to the report by SBI researchers, the total amount of deposits has risen by 143 per cent in the last five years to Rs 34 lakh crore at the end of FY24 from Rs 14 lakh crore

India may remain poor even after becoming 3rd largest economy: Ex-RBI chief

PM Modi said that if he returns to office, India will become the third-largest economy before 2029, before the end of his third term

Engineering exports edge up to $109 bn despite geo-political tensions

India's engineering exports are competitive globally and expected to gain further market share in the coming years, with the country entering into more FTAs, it added

BJP manifesto to maintain fiscal prudence, make India 3rd largest economy

The government has set a fiscal deficit target of 5.1 per cent for FY25 to stick to the glide path set in 2021-22. It aims to trim the fiscal deficit to 4.5 per cent by FY26

BJP promises to double Mudra loan limit to Rs 20 lakh in its poll manifesto

Over 460 million loans worth Rs 27 trillion have been given so far under the yojana

Merchandise trade deficit in March stands at $15.6 billion, shows data

According to commerce ministry data released on Monday, the imports during 2023-24 stood at 677.24 billion, down 5.41 per cent from $715.97 billion in the preceding year