Page 467 - Economy & Policy News
5 ways to increase cyber resilience against increasingly diverse threats
All signs are that 2024 will be another challenging year, but by shifting practices and pursuing cooperation and best practice sharing, progress can be made
 "5 ways to increase cyber resilience against increasingly diverse threats")
BOJ considers lowering FY2024 inflation outlook to mid-2% range: Report
The central bank's latest inflation outlook for the year starting April stands at 2.8%, in the last report released in October
 "BOJ considers lowering FY2024 inflation outlook to mid-2% range: Report")
Amazon Great Republic Day Sale 2024 to start on 13 Jan, all details inside
Amazon Great Republic Day Sale will start on Jan 13. The yearly sale that starts around the Republic Day will allow exclusive early permit for Prime subscribers of multiple deals and discounts
 "Amazon Great Republic Day Sale 2024 to start on 13 Jan, all details inside")
Net direct tax collection grows 19% to Rs 14.70 trillion so far in FY24
The government has budgeted to collect Rs 18.23 trn from direct taxes (personal income tax and corporate tax), 9.75 per cent higher than Rs 16.61 trn mopped up last fiscal
 "Net direct tax collection grows 19% to Rs 14.70 trillion so far in FY24")
Disinvestment target for FY25 likely to be pegged below Rs 50,000 cr: Icra
Interim Budget 2024: For FY24, the Centre had set a disinvestment target of Rs 51,000 crore but has only been able to meet one-fifth of it so far
 "Disinvestment target for FY25 likely to be pegged below Rs 50,000 cr: Icra")
More than 2.9 mn people benefited in Viksit Bharat Sankalp Yatra: Assam CM
The Chief Minister, during the meeting, also took stock of the progress of distribution of ration cards to the beneficiaries
 "More than 2.9 mn people benefited in Viksit Bharat Sankalp Yatra: Assam CM")
Russia-Ukraine, Israel-Hamas conflict hit tourist inflow to Goa: Minister
With the Goa government promoting some of its unique tourism destinations, the state is expecting a steady growth in the tourist influx, state Tourism Minister Rohan Khaunte said
 "Russia-Ukraine, Israel-Hamas conflict hit tourist inflow to Goa: Minister")
Rajnath Singh, David Cameron praise momentum of India-UK partnership
Cameron reiterated the UK government's desire to collaborate with India in defence areas. The leaders held the meeting at the UK Foreign, Commonwealth and Development Office
 "Rajnath Singh, David Cameron praise momentum of India-UK partnership")
Govt plans to raise capital spending as much as 20% in FY25: Report
The government is trying to raise capital spending on building infrastructure to as much as Rs 12 trillion ($144.59 billion) from the current year's plan of Rs 10 trillion
 "Govt plans to raise capital spending as much as 20% in FY25: Report")
7.3% GDP growth very positive, economic climate encouraging: SBI chairman
Last month, the RBI had upwardly revised its estimate to 7 per cent from 6.5 per cent earlier, and termed the new assumption as "conservative"
 "7.3% GDP growth very positive, economic climate encouraging: SBI chairman")
Govt holds back $600 million plan to replenish strategic oil reserves
India has limited oil storage capacity, with space for only 39 million barrels of crude - barely enough for eight days of the country's consumption - to use in the event of an emergency
 "Govt holds back $600 million plan to replenish strategic oil reserves")
Real wage growth positive for 2nd straight year in 2022: ILO study
It says India's high investment growth positively influenced overall economic dynamics in S Asia
 "Real wage growth positive for 2nd straight year in 2022: ILO study")
India to grow into a $7 trillion economy by 2030, says PHDCCI report
The analysis is based on lead macroeconomic indicators including the GDP Growth, Export Growth, Gross National Savings, Total Investments, and Debt to GDP Ratio
 "India to grow into a $7 trillion economy by 2030, says PHDCCI report")
GDP of India to surpass $4 trn in 2024-25, $5 trn by 2026-27: PHDCCI report
The industry chamber also expects the RBI to cut the repo rate by 100 basis points in a calibrated manner by the end of 2024
 "GDP of India to surpass $4 trn in 2024-25, $5 trn by 2026-27: PHDCCI report")
India growing rapidly, to be $30 trn economy by 2047: FM Sitharaman
Relationship between states and centre is of collaborative federalism, she says at Vibrant Gujarat Summit
 "India growing rapidly, to be $30 trn economy by 2047: FM Sitharaman")
India to be $5 trn economy by FY28, to reach $30 trn by 2047: FM Sitharaman
Even going by conservative estimates, the size of the Indian economy will be USD 30 trillion by 2047, she noted
 "India to be $5 trn economy by FY28, to reach $30 trn by 2047: FM Sitharaman")
Viksit Bharat not just dream, it's a possibility: NITI CEO Subrahmanyam
Speaking at the 10th Vibrant Gujarat Global Summit here, Subrahmanyam further said India is in a position to take a quantum leap
 "Viksit Bharat not just dream, it's a possibility: NITI CEO Subrahmanyam")
Reduction of logistics cost is a big macro turnaround for India
The country will create jobs and encourage consumption and demand by reducing logistic cost
 "Reduction of logistics cost is a big macro turnaround for India")
Vibrant Gujarat: India had incredible last decade, says Zerodha's Kamath
Vibrant Gujarat Global Summit: Nikhil Kamath is among the host of entrepreneurs, including business tycoons Gautam Adani and Mukesh Ambani, who addressed Gujarat's key investment summit on Wednesday
 "Vibrant Gujarat: India had incredible last decade, says Zerodha's Kamath")
Govt eyes doubling cash handout for women farmers ahead of Lok Sabha polls
The plan is likely to be announced in the budget on Feb. 1 and could cost the government an additional Rs 12,000 crore, said two of sources, all of whom declined to be named discussing budget proposal
 "Govt eyes doubling cash handout for women farmers ahead of Lok Sabha polls")