Page 483 - Economy & Policy News

RBI predominantly net buyer of US Dollar over past decade in spot market

In the current financial year, the central bank has net bought $1.7 trillion as of October

Job shift: Gigs get big for white-collar workers, investment hurdles remain

The freelance economy has been booming in 2023

ICT levy dispute at WTO: EU softens stance on retaliating against India

According to the European Commission, EU exports of such technology affected by India's violations is up to €600 million annually, which is significant

Objective of durably aligning inflation with target far from assured

The target for the central bank is to maintain inflation at 4 per cent, with a band of 2 per cent on either side

Gross fiscal deficit of Centre, states stays under 7% of GDP: RBI article

Lower disinvestment receipts are likely to be offset by sharp gains in non-tax revenues, mainly attributable to higher dividends from the Reserve Bank and other financial institutions

Outward remittances under RBI's LRS scheme dropped 60% in October

In the August-October quarter of financial year 2024, Indians remitted $9.05 billion overseas, as compared to $7.26 billion in the second quarter of FY24

Net FDI into India touches 21-month high at $5.9 billion in October

April-October 23 FDI declines to $10.4 bn

Extend FAME-II, set deadline for polluting vehicles: Parliament committee

To maximise the environmental decarbonisation benefits of EVs, the establishment of solar-powered EV charging stations is essential, the Committee said

India's high-tech manufacturing goal, a long road with 1.39% global revenue

The distance India has to cover can be seen from the fact that China contributed 8.3 per cent of the top 20 manufacturing companies' global revenue at $279.4 billion

Fresh formal job creation dips to 7-month low in October, shows EPFO data

But EPFO data shows share of youngsters and women as part of formal workforce marginally up

UPI transactions surge 118% in semi-urban & rural stores, shows report

Aadhaar Enabled Payments System (AePS) withdrawals increased 30 to 40 per cent during direct benefit transfer (DBT) releases

Gender budgeting in India: What does it mean and how it impacts policy

India adopted its first gender budget in 2005-06, marking a significant step towards addressing gender disparities in resource allocation

Inflation to ease to 4.6% in the first three quarters of 2024-25: RBI

The RBI bulletin released on Wednesday said that global growth continues to remain fragile and may slow down further in 2024

Budgetary allocation to road ministry jumps to Rs 2.7 trillion in 2023-24

The average annual budgetary allocation of the Ministry of Road Transport & Highways has increased by 940% from Rs 25,872 crore per year during 2009-14 to Rs 2.7 trillion during 2023-24

Telangana's total debt pegged at Rs 6.71 trillion by end of FY 24

Further, as per budget estimates for FY 2023-24, the debt under FRBM (Fiscal Responsibility and Budget Management Act, 2003) is estimated to increase to Rs 3.8 trillion

Valuation rules for GST on e-gaming platforms effective prospectively: FM

Finance Minister Nirmala Sitharaman on Tuesday said the valuation rules for levying 28 per cent GST on entry-level bets on online gaming platforms are effective prospectively

IMF cautions India on govt debt vulnerabilities, Centre disagrees

General govt debt may exceed 100% of GDP in medium term, warns Fund

India tops remittances table with $125 bn inflows: World Bank report

Inflation declining and strong labour markets in high-income source countries boosted transfers by highly skilled Indians, it says

Euro stocks rise, yen falls after BOJ sticks to ultra-easy monetary policy

In a widely expected move, the Bank of Japan kept its ultra-low interest rates unchanged. It also made no change to its dovish policy guidance.

100 critical mineral blocks to be auctioned before Feb 2024: Mines minister

Around 15 offshore blocks will also be auctioned in March