Page 434 - Economy & Policy News

FSDC meet discusses ways for simplification, digitisation of KYC process

Take more steps to curb illegal lending apps: FM

India's GDP growth to moderate to 6.5% in FY25, projects Morgan Stanley

Morgan Stanley Research's report said that it maintained a constructive outlook on the Indian economy, while highlighting that risks emanate from global factors and elections in May 2024

FM asks World Bank officials to lead G20 agenda of strengthening MDBs

FM also suggested the World Bank explore the possibility of implementing Infrastructure Investment Trusts in infrastructure sectors such as roadways

Refining reality: World expects India to go past China in global oil demand

Can the country's refining capacity keep up?

Gasification projects to help in economic development of coal regions: Govt

This was the second road show organised by the coal ministry on coal and lignite gasification projects after the first one held in Hyderabad on February 16

Tamil Nadu seeks to use state consolidated fund to meet expenditure

A Bill to replace the Tamil Nadu Medical Registration Act, 1914 and to constitute the Tamil Nadu State Medical Council was among the 12 bills introduced in the Assembly House today

India-Oman FTA may be reality soon; legal vetting of deal's text underway

India is keen to finalise the trade pact before the model code of conduct (MCC) kicks-in ahead of its general elections, making the timing of the finalisation of the proposed deal crucial

GDP growth to moderate sequentially to 6% in Q3 FY2024, projects ICRA

Further, it said the GVA (Gross Value Added) growth is estimated to ease to 6 per cent in the October-December quarter FY24 from 7.4 per cent in the second quarter of the last fiscal

'Urgent need for climate risk evaluation rules, more adaptation funding'

The report said the lack of a common framework for evaluating climate risks makes it hard to tell how development projects address these issues, and to track funding for adaptation measures

India needs to grow at rapid rates to become $35 trn economy by 2047: Kant

Currently, India is the fifth largest economy and the size of the Indian economy would be about $3.6 trillion by March 31, 2024 in nominal terms

Digital public infra contributes 0.9% to GDP, to triple by 2030: Nasscom

India's position as a global leader in developing DPIs has been enabled by the support of the government, the IT intellectual capital, and the start-up ecosystem, the report said

Govt must focus on exports to reach 10% economic growth: Finance Commission

Paragariya also said that the temptation of import-substituting industrial policy is not unique to India

ICAI to suggest ways to improve country's tax to GDP ratio, says Agarwal

At a briefing in the national capital on Wednesday, ICAI President Ranjeet Kumar Agarwal said the tax to GDP ratio should improve for the country to become a developed economy by 2047

India Inc must get its act together on capex: RBI's state of economy report

Unsecured loans rise despite higher risk weighting

RIL, Tata Power among firms in fray for $26-billion nuclear investment

This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India's total electricity generation

Russian crude oil traders come up with ways to sidestep US sanctions

Russian barrels are not sanctioned for countries like India, but if the ships they are delivered on come under sanctions then India cannot buy such shipments

After PMO review, India makes likely final push for UK free trade agreement

If negotiations are not wrapped up at the earliest, discussions will have to be taken forward after India's election, depending on the priority of the new government

Prospects bright for capital formation, upturn in pvt capital expenditure

The government also expects inflation to further reduce due to measures announced to rein in food prices

Govt debt to GDP may fall in contrast to global trend: RBI report

Dismisses IMF's contention of ratio exceeding 100%

Onion export ban to continue till Mar 31 to keep prices under check: Govt

"Ban on onion exports has not been lifted. It is in force and there is no change in the status," Consumer Affairs Secretary Rohit Kumar Singh told PTI