Page 452 - Economy & Policy News

Unanimity among current RBI monetary policy committee's internal members

The first MPC formulated policies between October 2016 and August 2020. The second MPC, with three new external members, was established in October 2020

FY25 likely to see 7% growth: Finance ministry ahead of Interim Budget

Review report flags elevated risk of geopolitical conflicts only area of concern

Agri, self-employment drive women participation in rural workforce: FinMin

The report pointed out that the female labour force participation rate (FLFPR) has been rising for at least six years now, to 37 per cent in 2022-23 from 23.3 per cent in 2017-18

Green policy pragmatism shaping India's transition: FinMin economy review

The review has noted the importance of having the right balance between development and emissions mitigation

Use of tech a common thread in reforms undertaken in 9 yrs: Economy review

The report states that a common thread through all the reforms undertaken during the last nine years has been the use of technology and digital platforms

Likely surge in prices due to Red Sea attacks, says finance ministry report

Geopolitics may weigh on 'remarkable' export show

RBI to conduct overnight VRR to infuse Rs 25,000 crore on Tuesday

In the preceding VRR auctions, the central bank received a significant response, with banks submitting bids ranging between 2.5 to 3.2 times the bidding amounts due to tight liquidity conditions

41% still rely on biomass for cooking, emitting 340 mn tonnes CO2: Report

Around a third of the world's population 2.4 billion people globally (including 500 million people in India) still lack access to clean cooking solutions

Gold imports rise 26.7% to $35.95 billion in Apr-Dec on healthy demand

In December 2023, imports of the precious metal jumped by 156.5 per cent to $3 billion, as per the data released by the commerce ministry

Delhi HC upholds validity of anti-profiteering provisions under GST

The court held that anti profiteering provisions pertain to commensurate reduction of prices when gst rates are reduced or due to input tax credit and hence these provisions are in public interest

India to become 3rd largest economy with GDP of $5 trn in 3 yrs: FinMin

Ten years ago, India was the 10th largest economy in the world, with a GDP of $1.9 trillion at current market prices

Union Budget 2024: India likely to register 7% economic growth in FY25

Finance Minister Nirmala Sitharaman will present the budget on Feb. 1, factoring in the growth projections

TN economy to be worth $2.6 trn by FY48, needs $111 bn investment: Study

State must focus on industries and urbanisation to meet potential, it says

'No spectacular announcements': Will FM walk the talk on interim Budget?

The Interim Budget due on February 1, 2024, will include a Vote on Account to ensure that the government's expenditure does not get affected in view of the Lok Sabha elections

US sanctions on Russian oil shipments a worry for Indian refiners

Enhanced enforcement of sanctions by Western powers may increase procurement costs and reduce the appeal of discounted Russian crude

Why India's shot at self-sufficiency in pulses could boil down to imports

Between 2016 and 2023, the average annual production of all pulses in India rose from 16-18 million tonnes to 22-25 million tonnes

Commerce department mulls strategy to help industry leverage FTAs better

The government also plans to set up a digital architecture to help the industry overcome the challenges that are specific to FTAs

Ayodhya's youth to grab boom in job opportunities post-Ram temple opening

The youngsters in the temple town now see an opportunity the future holds and want to take advantage of it

State revenue grows 5% till Nov against 17.4 budgeted for FY24: Report

In the first eight months of FY24, the combined SGST, excise duty, stamp duty and registration fee collections of these sample 16 states expanded by 10-12 per cent

Gates Foundation CEO hails India's economic growth, philanthropic market

In developing countries, it focuses on improving people's health and giving them the chance to lift themselves out of hunger and extreme poverty