Page 418 - Economy & Policy News
India's forex reserves rise by $140 mn to hit fresh peak of $642.63 bn
Gold reserves increased by $347 million to $51.487 billion during the week, the RBI said
 "India's forex reserves rise by $140 mn to hit fresh peak of $642.63 bn")
India's forex kitty rises by $139 mn to $642.63 billion: RBI data
Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund
 "India's forex kitty rises by $139 mn to $642.63 billion: RBI data")
Want to see 'more good inflation readings' before rates are cut: Powell
But the central bank's policymakers, he said, need to see further evidence before they would cut rates for the first time since inflation shot to a four-decade peak two years ago
 "Want to see 'more good inflation readings' before rates are cut: Powell")
US monthly inflation slows, consumer spending surges, reveals data
The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department's Bureau of Economic Analysis said
 "US monthly inflation slows, consumer spending surges, reveals data")
Domestic demand growth for non-ferrous metal may remain 10% in FY25: Icra
The operating margin of domestic players is also likely to remain stable at 17-17.5 per cent in FY25, like the levels estimated in FY24
 "Domestic demand growth for non-ferrous metal may remain 10% in FY25: Icra")
Fed's balancing act could see rate cut in play even with sticky inflation
Others see a slowing economy and weakening job growth on the horizon, pushing the Fed to cut in order to support the labor market
 "Fed's balancing act could see rate cut in play even with sticky inflation")
Centre orders mandatory declaration of wheat stock position from April 1
The Union government said that the move is in a bid to manage the overall food situation and prevent hoarding and unscrupulous speculation
 "Centre orders mandatory declaration of wheat stock position from April 1")
India keen on trade deals with UK, Oman in PM Modi's probable next term
Modi has asked Indian ministries to set annual goals for the next five years that will fit into a 100-day action plan as he chalks out a strategy to fuel further growth in Asia's third-largest economy
 "India keen on trade deals with UK, Oman in PM Modi's probable next term")
Young Indians more likely to be jobless if they are educated: ILO data
The unemployment rate for young people with secondary or higher education was six times higher at 18.4 per cent
 "Young Indians more likely to be jobless if they are educated: ILO data")
Cash-strapped Pakistan needs to get India onboard on trade matters
The problem is that Pakistan needs India far more than India needs Pakistan. The Indian economy is stable and India remains deeply reluctant to open its markets to other developing countries
 "Cash-strapped Pakistan needs to get India onboard on trade matters")
Banks set to gain as bond yields soften 14 basis points in a quarter
Market participants said that the yields fell in FY24 on the back of foreign inflows and favourable demand-supply dynamics over the year
 "Banks set to gain as bond yields soften 14 basis points in a quarter")
India's Apr-Feb fiscal deficit at Rs 15.01 trn, hits 86.5% of FY24 target
The Centre's fiscal deficit is estimated at Rs 17.34 trillion for FY24
 "India's Apr-Feb fiscal deficit at Rs 15.01 trn, hits 86.5% of FY24 target")
Core sector growth bounces back to a three-month high in February
The eight core industries account for 40.27 per cent of weighting of items included in the Index of Industrial Production (IIP). Thus, they have a significant impact on the index
 "Core sector growth bounces back to a three-month high in February")
Business Standard Manthan: Centre-state relations emerge as talking point
Ahluwalia suggested that a portion of central taxes be set aside for this transfer and the remaining be shared between the Centre and the states
 "Business Standard Manthan: Centre-state relations emerge as talking point")
BS Manthan: Unorganised sector prone to climate risk, say experts
Experts say states that announced green policies have led the investment pack
 "BS Manthan: Unorganised sector prone to climate risk, say experts")
Amitabh Kant's growth call: 10K big companies, 10 champion states
The government must take the lead in ensuring Life Insurance Corporation of India invests in startups, says Amitabh Kant
 "Amitabh Kant's growth call: 10K big companies, 10 champion states")
BS Manthan: Can't have one-size-fits-all trade policy, says Piyush Goyal
Speaking about free-trade agreements (FTAs), he said India was in dialogue with the European Union (EU), the United Kingdom (UK), Peru, Chile, and some countries in the Gulf Cooperation Council (GCC)
 "BS Manthan: Can't have one-size-fits-all trade policy, says Piyush Goyal")
India's rapidly expanding gig economy: Do we really understand it?
NITI Aayog report defined gig workers as those engaged in livelihoods outside the traditional employer-employee arrangement and classified them into platform and non-platform-based workers
 "India's rapidly expanding gig economy: Do we really understand it?")
BS Manthan: 'India should chart own path to shed West's China-plus tag'
Say foreign companies only shifting incremental investments from China, not uprooting themselves.
 "BS Manthan: 'India should chart own path to shed West's China-plus tag'")
Banks ready systems for capturing int'l credit card spends under LRS
Last year the government had announced that credit card spends in a foreign currency will be a part of LSR's annual limit of $2,50,000
 "Banks ready systems for capturing int'l credit card spends under LRS")