Page 421 - Economy & Policy News
India's economic outlook for next fiscal positive, says finance ministry
The Monthly Economic Review also said that inclusion of Indian bonds in Bloomberg bond index from January 2025 should bolster inflows
 "India's economic outlook for next fiscal positive, says finance ministry")
Investors, once eager to pump in billions in Indian startups, losing steam
In January and February, India's startups raised about $900 million - a pace that signals another slow year after a six-year low of just $8 billion in 2023, Venture Intelligence data shows
 "Investors, once eager to pump in billions in Indian startups, losing steam")
EMPS 2024: Electric two-wheeler makers fear Rs 300 cr blow from new scheme
OEMs meet ministry officials, flag four key concerns
 "EMPS 2024: Electric two-wheeler makers fear Rs 300 cr blow from new scheme")
Manufacturing boost propels business activity to 8-month high in March
HSBC Flash India Composite PMI (Purchasing Managers' Index) Output Index rises to 61.3
 "Manufacturing boost propels business activity to 8-month high in March")
We need to accelerate India's growth at 9-10% over next 3 decades: Kant
Discussing India's anticipated growth, Kant suggested transitioning people from agriculture to manufacturing-led smart cities to create better-quality jobs and foster economic development
 "We need to accelerate India's growth at 9-10% over next 3 decades: Kant")
India, UK aim to sign free-trade agreement by July; legal vetting on
Greater mkt access for Indian exporters of labour-intensive products on cards
 "India, UK aim to sign free-trade agreement by July; legal vetting on")
18 states to borrow record Rs 60,032 crore at last bond auction of FY24
The cut-off yield on 10-year papers was set in the range of 7.44 per cent - 7.50 per cent on Tuesday, against 7.36 per cent - 7.41 per cent at the previous auction
 "18 states to borrow record Rs 60,032 crore at last bond auction of FY24")
Market borrowings by Uttar Pradesh may surge 12% to Rs 5.73 trillion
State governments raise funds from the market to meet budgetary requirements by floating government securities (G-sec) and bonds bearing different maturities
 "Market borrowings by Uttar Pradesh may surge 12% to Rs 5.73 trillion")
India's March business activity ends fiscal year on strong note: PMI
HSBC's flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 61.3 this month from February's final reading of 60.6
 "India's March business activity ends fiscal year on strong note: PMI")
India's coal import rises marginally to 212 MT in April-January period
India's coal import was 208.78 MT in the corresponding period of the previous fiscal, according to data compiled by mjunction services ltd
 "India's coal import rises marginally to 212 MT in April-January period")
Here's how the US lobbied India to reverse laptop licensing policy
US officials have often been concerned about India's sudden policy changes which they say create an uncertain business environment
 "Here's how the US lobbied India to reverse laptop licensing policy")
Crude oil processing volumes remain steady in Feb at 20.9 MMT: PPAC
Crude imports fell 6.5 percent in February to 18.01 Million Metric Tonnes. says data released by Petroleum Planning and Analysis Cell
 "Crude oil processing volumes remain steady in Feb at 20.9 MMT: PPAC")
Govt should create centralised authority for gig workers, says report
The report consulted with 10 platforms having nearly 4.5 million workers and a total revenue of Rs 56,400 crore along with two workforce providing platforms
 "Govt should create centralised authority for gig workers, says report")
Switzerland, UAE, China lead double digit imports growth in February
After growth in merchandise imports remained in negative territory for most of 2023, inbound shipments have turned positive for two consecutive months since January
 "Switzerland, UAE, China lead double digit imports growth in February")
Centre makes India's case to World Bank for Logistics Index ranking push
World Bank incorporating more data to make LPI comprehensive
 "Centre makes India's case to World Bank for Logistics Index ranking push")
Rupee slumps to over 2 month low against Dollar, weakened 1.2% in FY24
Market participants speculated that the Reserve Bank of India has been intervening in the foreign exchange market via dollar buys
 "Rupee slumps to over 2 month low against Dollar, weakened 1.2% in FY24")
A developed India by 2047: Churning of ideas at Business Standard Manthan
Finance Minister Nirmala Sitharaman, Commerce Minister Piyush Goyal, and Railways & Telecom Minister Ashwini Vaishnaw along with other thought leaders will discuss the road ahead at summit next week
 "A developed India by 2047: Churning of ideas at Business Standard Manthan")
Centre issues guidelines on solid waste management in aquaculture units
The regulations impose a ban on burning of plastic
 "Centre issues guidelines on solid waste management in aquaculture units")
India needs to grow at 8% to create sufficient jobs: IMF's KV Subramanian
India's economy grew by better-than-expected 8.4 per cent in the final three months of 2023 - the fastest pace in one-and-half years
 "India needs to grow at 8% to create sufficient jobs: IMF's KV Subramanian")
India's income inequality at 100-year high; worse than colonial era: Study
The top 1 per cent of Indians hold the maximum national income share at 22.6 per cent compared to key peers
 "India's income inequality at 100-year high; worse than colonial era: Study")