Page 457 - Economy & Policy News
CPI inflation to average 4.5% in FY25, growth to top 7%: RBI Governor
Observing that headline inflation substantially eased from the elevated level seen in the summer of 2022, Das said price momentum was easing across core goods and services
 "CPI inflation to average 4.5% in FY25, growth to top 7%: RBI Governor")
Integrate more districts in export initiatives to boost shipments: DGFT
Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi also said that an increase in exports helps in enhancing per capita income
 "Integrate more districts in export initiatives to boost shipments: DGFT")
India eyes $100 bn annual FDI in coming years: IT minister Vaishnaw
Foreign investors have bet big on India since Modi came to power in 2014, with the likes of Apple, Samsung, Kia, and Airbus expanding operations
 "India eyes $100 bn annual FDI in coming years: IT minister Vaishnaw")
PFRDA notifies new point of presence regulations for NPS subscribers
The simplification in PoP regulations is in line with the Union Budget 2023-24 announcement to review regulations to reduce the cost of compliance and enhance the ease of doing business
 "PFRDA notifies new point of presence regulations for NPS subscribers")
Economy likely to grow 7% in 2024-25, inflation to ease further: RBI Guv
He also credited the government for structural reforms undertaken in recent years, saying they have boosted the medium and long-term growth prospects of the Indian economy
 "Economy likely to grow 7% in 2024-25, inflation to ease further: RBI Guv")
Imports of medical devices rise 21% till October to Rs 61,262.84 cr
Imports from the US grew by 33 per cent, followed by Germany (27 per cent) and the Netherlands (20 per cent). The imports from China grew by 11 per cent the data shows
 "Imports of medical devices rise 21% till October to Rs 61,262.84 cr")
Will keep diversifying crude oil supply, accelerate energy transition: Puri
Puri said that while OPEC+ nations have a right to decide on their energy production, supply cuts against such uncertainty, and resulting adverse impact on global prices, will dent long term demand
 "Will keep diversifying crude oil supply, accelerate energy transition: Puri")
FY24 per capita income growth may be lowest in 21 years barring FY20, FY21
This was despite the real gross domestic product (GDP) being projected to grow by 7.3 per cent in the current financial year by the first advance estimates
 "FY24 per capita income growth may be lowest in 21 years barring FY20, FY21")
UK inflation rate rises to 4% in December for first time in 10 month
Wednesday's figures showed that core inflation - which excludes volatile food, energy, alcohol and tobacco prices - was 5.1% in December, the same rate as November
 "UK inflation rate rises to 4% in December for first time in 10 month")
Budget 2024 expectations: What stance will interim Budget 2024 adopt?
Nirmala Sitharaman's recent statement that the February 1 Budget would just be a vote on account could mean that she will uphold the convention surrounding an interim Budget
 "Budget 2024 expectations: What stance will interim Budget 2024 adopt?")
Cong accuses Centre of surrendering Rs 1 trn agri-budget in 5 years
Union Commerce and Industry Minister Piyush Goyal said on Saturday that there is no proposal to lift export restrictions on wheat, rice, and sugar
 "Cong accuses Centre of surrendering Rs 1 trn agri-budget in 5 years")
PLI payout for FY24 may lag behind govt's estimate of over Rs 11,000 crore
Ministries asked to ensure scheme is 'aggressively' monitored
 "PLI payout for FY24 may lag behind govt's estimate of over Rs 11,000 crore")
Inflation moderating, steadily moving towards 4% target: RBI governor Das
After increasing the key policy rates by 250 basis points to 6.5 per cent between May 2022 and February 2023, the central bank paused in the next five policy review meetings
 "Inflation moderating, steadily moving towards 4% target: RBI governor Das")
ESIC adds 1.6 million new members in November, 317K females: Payroll data
The Employees' State Insurance Corporation (ESIC) added 1.592 million new members in November 2023, according to provisional payroll data released on Tuesday
 "ESIC adds 1.6 million new members in November, 317K females: Payroll data")
India's growth prospects firm, banking sector recovered well: Das at Davos
Speaking at WEF in Davos, Guv Das said there is a lot of international confidence in India and the macroeconomic and financial sector stability that the country offers
 "India's growth prospects firm, banking sector recovered well: Das at Davos")
'Engineering goods exports grow 10.20% in Dec amid global challenges'
While this represents a strong rebound, the sector still faces uncertainties due to the prevailing global economic conditions, an EEPC official said
 "'Engineering goods exports grow 10.20% in Dec amid global challenges'")
Overall imports down 4% but shipments from Russia, China up: Govt data
Overall exports, meanwhile, increased 0.9 per cent, according to the data compiled by the commerce department
 "Overall imports down 4% but shipments from Russia, China up: Govt data")
India can become $5 trn economy much before 2028: Hardeep Singh Puri
He was speaking at a CII-EY breakfast session on 'accelerating India's energy transition towards sustainable economic growth' on the sidelines of the World Economic Forum Annual Meeting 2024
 "India can become $5 trn economy much before 2028: Hardeep Singh Puri")
86% Indian CEOs optimistic about country's economic growth: PwC survey
India reclaims 5th position among investment destinations in the world after slipping to 9th in 2023: PwC survey
 "86% Indian CEOs optimistic about country's economic growth: PwC survey")
Bond market expects RBI to change policy stance in February review
Continuous VRR indicates accommodative approach on liquidity
 "Bond market expects RBI to change policy stance in February review")