Page 443 - Economy & Policy News
Retail inflation cools to 3-mth low of 5.1% in Jan, IIP grows 3.8% in Dec
The growth rate in the IIP slightly increased to 3.8 per cent in December from 2.4 per cent in November on the back of improvement in the performance of the manufacturing sector (3.9 per cent)
 "Retail inflation cools to 3-mth low of 5.1% in Jan, IIP grows 3.8% in Dec")
Global economy to see soft landing, rate cuts coming, says IMF's Georgieva
She cautioned to expect the unexpected in the wake of the COVID-19 pandemic and said a prolonged war between Israel and Hamas would impact global economies
 "Global economy to see soft landing, rate cuts coming, says IMF's Georgieva")
India bond yields fall as focus shifts to key inflation numbers: Report
Last week, the RBI kept policy rates and stance unchanged, while reiterating its commitment to meet the medium-term 4% inflation target
 "India bond yields fall as focus shifts to key inflation numbers: Report")
FM Nirmala Sitharaman addresses Reserve Bank of India board of directors
The Board also reviewed the global and domestic economic situation and outlook, including the challenges posed by geopolitical developments and global financial market volatility
 "FM Nirmala Sitharaman addresses Reserve Bank of India board of directors")
Tourism, hospitality industry likely to create 50 mn jobs in 5-7 yrs: HAI
'We are focussing to create over 50 million jobs in the next 5-7 years,' Kachru, who is also the Chairman Emeritus and Principal Advisor South Asia, Radisson Hotel Group, said
 "Tourism, hospitality industry likely to create 50 mn jobs in 5-7 yrs: HAI")
India sees 28% fall in vegetable oil imports to 1.2 mn tonnes in Jan: SEA
India is a leading vegetable oil buyer in the world
 "India sees 28% fall in vegetable oil imports to 1.2 mn tonnes in Jan: SEA")
January retail inflation eases to 5.1%; December IIP growth at 3.8%
Food and beverage recorded an inflation of 8.3 per cent in January 2024, compared to 8.70 per cent the previous month
 "January retail inflation eases to 5.1%; December IIP growth at 3.8%")
Rupee rises 7 paise to close at 83 against dollar on easing crude prices
Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they bought shares worth Rs 141.95 crore, according to exchange data
 "Rupee rises 7 paise to close at 83 against dollar on easing crude prices")
UPI payments launched in Sri Lanka, Mauritius to boost economic ties
Mauritian PM Pravind Jugnauth and Sri Lanka's President Ranil Wickremesinghe joined Modi at the virtual ceremony
 "UPI payments launched in Sri Lanka, Mauritius to boost economic ties")
Fragile-five days long gone as funds pile Into India, Indonesia: Report
The original 'Fragile Five' which also included Turkey, South Africa and Brazil referred to nations perceived to be most at risk due to their heavy reliance on foreign investment to drive growth
 "Fragile-five days long gone as funds pile Into India, Indonesia: Report")
Confident on global economic outlook despite uncertainties: IMF's Georgieva
'While uncertainties are still high, we can be a bit more confident about the economic outlook, because the global economy has been surprisingly resilient,' she said in the speech
 "Confident on global economic outlook despite uncertainties: IMF's Georgieva")
NITI Aayog plans economic transformation of 4 cities, including Mumbai
A vision document is being prepared by NITI Aayog for India to become a developed economy of USD 30 trillion by 2047, and it will be released by Prime Minister Narendra Modi
 "NITI Aayog plans economic transformation of 4 cities, including Mumbai")
Digital competition law committee asked to consider MCA's draft bill
Proposes digital entities to ensure interoperability, data sharing, portability
 "Digital competition law committee asked to consider MCA's draft bill")
Cairn to begin drilling across 4 blocks in Assam next month: Deputy CEO
Despite a lack of good quality rigs in the market, Cairn has enough options, he says
 "Cairn to begin drilling across 4 blocks in Assam next month: Deputy CEO")
PLI scheme's progress slows in key sectors, affecting manufacturing goals
Even as the investment exceeded the government's estimate in the previous financial year, progress was not uniform across all schemes
 "PLI scheme's progress slows in key sectors, affecting manufacturing goals")
UPI, RuPay card to be launched in Sri Lanka, Mauritius on February 12
The launch will enable the availability of UPI settlement services for Indian nationals travelling to Sri Lanka and Mauritius, as well as for Mauritian nationals travelling to India
 "UPI, RuPay card to be launched in Sri Lanka, Mauritius on February 12")
Direct tax collections stand at 80% of revised estimates till Feb 10
Growth in both corporation tax and personal income tax was more than the asking rate under RE
 "Direct tax collections stand at 80% of revised estimates till Feb 10")
Telecom licence fee collection up 8.23% at Rs 5,326 cr in quarter ended Sep
Access service providers or mobile operators like Reliance Jio, Bharti Airtel, and Vodafone Idea accounted for 81.67 per cent of the total AGR
 "Telecom licence fee collection up 8.23% at Rs 5,326 cr in quarter ended Sep")
FinMin rejects proposal to double minimum pension amount under EPS
The central board of trustees (CBT) - the apex decision-making body of the Employee Provident Fund Organisation (EPFO) - was apprised of the rejection of the proposal in its latest meeting on Saturday
 "FinMin rejects proposal to double minimum pension amount under EPS")
PM to distribute 100,000 appointment letters to recruits in govt depts
The Rozgar Mela is a step towards fulfilment of the commitment of the prime minister to accord highest priority to employment generation in the country
 "PM to distribute 100,000 appointment letters to recruits in govt depts")