Page 415 - Economy & Policy News
Consumer confidence for year ahead improves further: RBI survey
Households' sentiments on the general economic situation and employment prospects recorded notable improvements for both the current period as well as the upcoming year
 "Consumer confidence for year ahead improves further: RBI survey")
Railways on track to meet target of 100% electrification by FY25
Notably, the railways had electrified only 3,306 km of tracks in the previous financial year by February
 "Railways on track to meet target of 100% electrification by FY25")
PMO asks commerce min to examine model text of bilateral investment treaty
These pacts are important as India has earlier lost two international arbitration cases against British telecom giant Vodafone and Cairn Energy plc of the UK over the retrospective levy of taxes
 "PMO asks commerce min to examine model text of bilateral investment treaty")
Creating adequate fiscal space important to give impetus to growth: Kovind
Now there are fewer tax slabs, processes have been streamlined. taxation policy has become more predictable and investor confidence improved while ease of doing business has enhanced, he said
 "Creating adequate fiscal space important to give impetus to growth: Kovind")
India-Singapore bilateral trade grows 18.2% to $35.6 bn in FY 2022-23
The cumulative FDI inflows from Singapore to India stood at $155.612 bn from April 2000 to December 2023, accounting for 23% of the total FDI flows into India
 "India-Singapore bilateral trade grows 18.2% to $35.6 bn in FY 2022-23")
India aims to attract $100 bn a year in FDI as it woos China hedgers
Boosting the share of manufacturing in India's economy has been one of the key promises made by Modi, who is seeking a third term in elections that start on April 19
 "India aims to attract $100 bn a year in FDI as it woos China hedgers")
Would like inflation elephant to return to forest, stay there: RBI Guv Das
RBI monetary policy: In no hurry to cut repo rate, MPC keeps status quo; retains FY25 growth, inflation forecasts
 "Would like inflation elephant to return to forest, stay there: RBI Guv Das")
Monetary policy: 'Real rates do matter, inflation must align with target'
Reserve Bank of India Governor Shaktikanta Das and Deputy Governor Michael Patra responded to a host of queries in the post-policy interaction with the media. Edited excerpts:
 "Monetary policy: 'Real rates do matter, inflation must align with target'")
RBI wants inflation elephant in the forest. Can pricier oil bring it back?
After witnessing sustained moderation, cost push pressures faced by firms, the RBI said, are showing upward bias
 "RBI wants inflation elephant in the forest. Can pricier oil bring it back?")
Monetary policy review: RBI rejigs quarterly GDP growth forecasts for FY25
Rural demand catching up, consumption expected to support economic growth in FY25, says RBI governor
 "Monetary policy review: RBI rejigs quarterly GDP growth forecasts for FY25")
India's forex kitty jumps $2.9 billion to new high of $645.6 billion
Das says confident of meeting external financing requirements
 "India's forex kitty jumps $2.9 billion to new high of $645.6 billion")
In foreign direct investment, China's loss is not India's gain: OECD data
It's other countries that are mopping up what would have gone to China
 "In foreign direct investment, China's loss is not India's gain: OECD data")
Average salary hike in India likely to be 8-11% this year: Randstad India
The junior professionals are likely to outshine senior professionals in terms of salary hike percentage
 "Average salary hike in India likely to be 8-11% this year: Randstad India")
REs must accord highest priority to governance, compliance: RBI Governor
Attempts to clear impression about widespread action; curbs only against outliers for major breaches
 "REs must accord highest priority to governance, compliance: RBI Governor")
Need huge pool of company secretaries to manage capital flow: ICSI chief
To sustain 8 per cent GDP growth, the huge infrastructure development will continue, the manufacturing sector will be boosted and exports will be increased through the global supply chain, he said
 "Need huge pool of company secretaries to manage capital flow: ICSI chief")
Consumer confidence in India at more than four-year high, RBI survey shows
The 'future expectations index', which judges consumer sentiment for the upcoming 12 months, also improved to its highest since mid-2019, the survey showed
 "Consumer confidence in India at more than four-year high, RBI survey shows")
India's forex kitty jumps $2.95 bn to new all-time high of $645.58 bn
The country's forex kitty had in September 2021 reached an all-time high of $642.453 billion
India building up gold reserves as part of forex deployment: RBI Guv Das
He did not give any specifics on the quantum of gold buys, but pointed to the official data which shows an increase in the value of gold reserves
 "India building up gold reserves as part of forex deployment: RBI Guv Das")
RBI monetary policy highlights: Last mile of disinflation is always challenging, sticky, says Governor Das
RBI MPC highlights: Catch all the highlights related to RBI's Monetary Policy Committee announcements here
 "RBI monetary policy highlights: Last mile of disinflation is always challenging, sticky, says Governor Das")
RBI MPC: Here are the major announcements made by Governor Shaktikanta Das
The Reserve Bank of India put the estimated real GDP growth for FY25 at 7 per cent
 "RBI MPC: Here are the major announcements made by Governor Shaktikanta Das")