Page 455 - Economy & Policy News
India needs over 2,500 new aircraft deliveries by 2042: Boeing outlook
According to Boeing, India is the only large economy, a large market in Asia that has evolved to pre-pandemic levels both domestically and internationally in terms of demand
 "India needs over 2,500 new aircraft deliveries by 2042: Boeing outlook")
India to budget fiscal deficit at 5.3% of GDP in FY25: BofA Securities
Finance Minister Nirmala Sitharaman will opt for a further reduction in fiscal deficit to 5.3 per cent of India's gross domestic product in the upcoming budget for FY25 despite poll pressure
 "India to budget fiscal deficit at 5.3% of GDP in FY25: BofA Securities")
Wheat production likely to be good this year: Agri Minister Arjun Munda
The country's wheat production is expected to be good this year amid higher coverage, according to Agriculture Minister Arjun Munda
 "Wheat production likely to be good this year: Agri Minister Arjun Munda")
India, Singapore pact in climate finance has promising future: NITI Aayog
India & Singapore can make something quickly & important happen in terms of green finance-climate finance within framework that has been laid out in New Delhi Leaders' Declaration, Bery said
 "India, Singapore pact in climate finance has promising future: NITI Aayog")
India takes investment spotlight while risks weigh in China: Suntory CEO
Japanese drinks maker Suntory is prioritising expansion in India while taking a cautious stance on business in China
 "India takes investment spotlight while risks weigh in China: Suntory CEO")
India sets up int'l alliance for global good, gender equity and equality
Schwab said India is one of the main topics of discussion at Davos in addition to climate, conflicts and AI
 "India sets up int'l alliance for global good, gender equity and equality")
With online monitoring system going live, PC imports turn a trickle in Nov
Inbound shipments drop on monthly and yearly bases
 "With online monitoring system going live, PC imports turn a trickle in Nov")
Inflation needs to align with target by 2nd quarter: RBI monthly bulletin
Report says priority for FY25 is to sustain growth momentum of at least 7%
 "Inflation needs to align with target by 2nd quarter: RBI monthly bulletin")
India is emerging global leader in GCC, says RBI monthly bulletin
GCCs are offshore units of multinational corporations that operate across the globe
 "India is emerging global leader in GCC, says RBI monthly bulletin")
Food inflation can potentially impact headline: RBI monthly bulletin
Widely regarded as transient, these shocks appear to have imparted volatility and persistence to food inflation which averaged 6.7 per cent during April 2022 to November 2023, it said
 "Food inflation can potentially impact headline: RBI monthly bulletin")
For decongesting their clogged roads, Indian cities must take the bus
Dedicated lanes for the public transport can be more economical than Metro networks
 "For decongesting their clogged roads, Indian cities must take the bus")
India estimated to have harvested 355.35 MT horticulture crops in 2022-23
Vegetable production, too, increased to 213.88 million tonnes in 2022-23 from 209.14 million tonnes in the said period
 "India estimated to have harvested 355.35 MT horticulture crops in 2022-23")
RBI governor Shaktikanta Das cautions against exuberance in lending
Das said the central bank had not mandated any number on credit deposit ratio, and neither do they propose to
 "RBI governor Shaktikanta Das cautions against exuberance in lending")
RBI asks Ombudsmen to guide REs addressing recurring customer complaints
"A well-functioning Internal Ombudsman mechanism is beneficial for all stakeholders"
 "RBI asks Ombudsmen to guide REs addressing recurring customer complaints")
Flows into NRI deposits double to $7.3 bn in April-November 2023
Non-Resident External (NRE) deposits stood at $96.79 billion in November 2023, sequentially up from $96.56 billion in October and $95.31 billion in November 2022
 "Flows into NRI deposits double to $7.3 bn in April-November 2023")
India must sustain growth momentum, secure at least 7% growth in FY25: RBI
"In India, potential output is picking up with actual output running above it, although the gap is moderate," the RBI said in an article titled 'State of the Economy'
GDP growth will moderate to below 6% in December quarter: ICRA projection
India had registered a Gross Domestic Product (GDP) growth rate of 7.6 per cent in the July to September period
 "GDP growth will moderate to below 6% in December quarter: ICRA projection")
Thousands of Indian workers queue up for jobs in Israel, undeterred by war
"There is unemployment here and its because of it that people want to leave," said Lekharam, a mason who was among the workers gathered at a recruitment camp in Rohtak, 66 km (40 miles) from Delhi
 "Thousands of Indian workers queue up for jobs in Israel, undeterred by war")
Indian economy has transformed in last one decade: Union ministers at WEF
Speaking at a session on 'Can India seize its moment' at the World Economic Forum Annual Meeting 2024, union minister Hardeep Singh Puri said India has already seized the moment
 "Indian economy has transformed in last one decade: Union ministers at WEF")
Cabinet nod for three officer-level posts for 16th Finance Commission
The three posts include two posts of Joint Secretary and one post of Economic Adviser
 "Cabinet nod for three officer-level posts for 16th Finance Commission")