Page 448 - Economy & Policy News

Animal spirit back in economy, private investment picking up: CEA

The expression 'animal spirits' was coined by celebrated economist John Maynard Keynes to refer to investors' confidence in taking action in terms of investment

RBI's liquidity drain signals tight cash conditions may stay: Economists

'April policy would be a better time to take a fresh view on liquidity situation for FY25'

High capex, railway corridors, focus on seafood to boost India's exports

The country's merchandise exports during April-December this fiscal dipped by 5.7 per cent to USD 317.12 billion

L&T wins contract for Assam bridge, to boost link to textile hub Sualkuchi

The foundation stone for the key infrastructure project was laid during Prime Minister Narendra Modi's visit to Assam during the festival of Bihu last year

India to sign billion dollar deal to extend LNG imports from Qatar

Petronet LNG Ltd will sign the deal with QatarEnergy to extend import of 7.5 million tonne a year on sidelines of India Energy Week here.

Qatar hits major LNG growth market India, to hold talks with Gail, IOC

The Persian Gulf producer will hold high-level talks with Gail India Ltd. and Indian Oil Corp. during India Energy Week in Goa, according to traders with knowledge of the discussions

Buoyant demand pushes India's services PMI to 6-month high in January

January figure marks 30 months of the index remaining above the 50-mark since July 2021. A reading above 50 in the survey indicates expansion of the sector and a figure below that suggests contraction

OECD marginally raises India's GDP growth forecast to 6.2% for FY25

For FY26, OECD has kept its growth forecast for India unchanged at 6.5 per cent

Next govt's fiscal moves key to sovereign rating: S&P Global Ratings

S&P said following nearly a decade of rule by the BJP-led NDA govt, a change in the ruling coalition could bring a period of policy uncertainty

India Inc to press the capex pedal with Budget push, shows BS CEO poll

CEOs to take advantage of Rs 1 trn innovation fund

Mukesh Ambani to Gautam Adani: Big guns firing on the capex front

In the Interim Budget speech on Thursday, Union Finance Minister Nirmala Sitharaman said "private investments are happening at scale"

US solar boom opens $2 billion Indian door to banned products from China

Imports of Waaree panels raise questions about how US Customs and Border Protection officials are enforcing a ban on products tied to the repression of Uyghur people in China's Xinjiang region

RBI conducts 4-day VRRR auction as overnight rates fall below repo

Banks parked Rs 18,750 crore at the auction against a notified amount of Rs 50,000 crore at a weighted average rate of 6.49 per cent

Hiring activity down 5% in January, but registers sequential rise: Report

The hiring activity was down 5 per cent in January compared to the same month last year, it said

FinMin releases Rs 66,745 cr loan to 28 states for investment in Apr-Jan

In a written reply to Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the scheme is aimed at boosting capital expenditure by states

Employment in manufacturing sector grew by 7% in 2021-22: Govt data

Average salary earned per employee in this sector had gone up by 1.7 per cent in 2020-21 and 8.3 per cent in 2021-22, in comparison to respective previous years, it explained

Women's unemployment rate at 16-month low; labour participation declines

The unemployment rate measures the number of people who are unemployed and actively looking for a job, among those in the labour force

Govt making efforts to keep CNG prices under control: Oil minister Puri

Responding to supplementaries during the Question Hour, he said the government is encouraging consumption of compressed natural gas as it is relatively a cleaner fuel

Govt focusing on eliminating non-essential imports of coal: Pralhad Joshi

Coal import for blending dropped 44.3 per cent in April-November FY24 over the year-ago period, Coal Minister Pralhad Joshi said in a written reply to Rajya Sabha

Govt seeks Parliament nod for Rs 78,673 cr more as spendings this fiscal

The supplementary demands for grants include a gross additional spending of over Rs 2 trillion, which would be matched by savings of over Rs 1.21 trillion