Page 492 - Economy & Policy News
Rajasthan set to produce more cumin this year amid spike in demand
Cumin traders said that after a decrease in sowing in the last two years, sowing this year is expected to increase to the level of 2021
 "Rajasthan set to produce more cumin this year amid spike in demand")
E-gaming to be among 3 fastest growing sectors after regulations: EGF CEO
Anuraag Saxena said that the industry is in a 'wait and watch' mode, and the true impact of the GST move will only be known after the period of review is over
 "E-gaming to be among 3 fastest growing sectors after regulations: EGF CEO")
Govt to create 'admission benches' in NCLT to expedite CIRP applications
The admission bench will admit/reject the application within 14 days of receiving it
 "Govt to create 'admission benches' in NCLT to expedite CIRP applications")
India's per capita emissions less than half of global average: Report
The data provided by the Global Carbon Project shows India's per capita emissions grew by 5.1 per cent in 2022 to reach 2 tonnes
 "India's per capita emissions less than half of global average: Report")
India set to become third-largest economy by 2030: S&P Global Ratings
S&P said that India will be the fastest-growing emerging market in the world, but its paramount test will be whether the country can become the next big global manufacturing hub
 "India set to become third-largest economy by 2030: S&P Global Ratings")
India's services PMI falls to 56.9 in November, lowest in 2023 so far
S&P Global said that the slowdown in services PMI was mainly owing to a slowdown in new orders as well as output across sectors
 "India's services PMI falls to 56.9 in November, lowest in 2023 so far")
Trade strategy on table to achieve exports target of $2 trillion by 2030
Last month, the Federation of Indian Export Organisations (FIEO), as part of its recommendation for the services sector, urged the government to introduce measures to empower small businesses
 "Trade strategy on table to achieve exports target of $2 trillion by 2030")
Centre recruits nearly 700,000 in 11 'rojgar melas' during Oct 22-Nov 23
Santosh Mehrotra, visiting professor, University of Bath, says recruiting close to 300,000 people in less than a month is highly unlikely as the process can be a long-drawn process
 "Centre recruits nearly 700,000 in 11 'rojgar melas' during Oct 22-Nov 23")
RBI not likely to cut benchmark repo rate before Q2FY25: SBI Report
Policy repo rate is unchanged since April monetary policy
 "RBI not likely to cut benchmark repo rate before Q2FY25: SBI Report")
India to become $5 trillion economy early in Amrit Kaal: MoS Finance
"The government has set the goal of becoming an advanced economy by 2047. In the process, it will become a $5 trillion economy early in the Amrit Kaal," Chaudhary said
 "India to become $5 trillion economy early in Amrit Kaal: MoS Finance")
Himachal Pradesh tops unemployment chart in July-Sept: Labour Survey
The data showed that the overall unemployment in the country was 17.3% in the 15-29 age group in cities as per the current weekly status
 "Himachal Pradesh tops unemployment chart in July-Sept: Labour Survey")
Centre plans to tweak iron ore sale price formula in India: Report
"Any reduction in the average sale price of iron ore through unscrupulous means will impact the revenue accruing to the govt on account of auction premium, royalty," the report said citing govt note
 "Centre plans to tweak iron ore sale price formula in India: Report")
Avg monthly GST mop-up at Rs 1.66 trn so far this fiscal: FM Sitharaman
In a written reply to a question in the Lok Sabha, she said the GST collection crossed Rs 1.50 lakh crore mark in every month of the current fiscal
 "Avg monthly GST mop-up at Rs 1.66 trn so far this fiscal: FM Sitharaman")
Disbursal of Rs 79 cr under PLI for white goods expected in last quarter
The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components
 "Disbursal of Rs 79 cr under PLI for white goods expected in last quarter")
India's construction sector levels up as housing demand spurs economy
The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter and its best performance in five quarters, the data released on Thursday showed
 "India's construction sector levels up as housing demand spurs economy")
India resumes imports of Venezuelan crude oil, Reliance seeks direct deal
Three Indian refiners have bought some 4 million barrels of Venezuelan crude for February delivery at between $7.50 and $8 per barrel below dated Brent on a delivered ex-ship basis, trade sources said
 "India resumes imports of Venezuelan crude oil, Reliance seeks direct deal")
China frames 'One Province, One Policy' plan for the financial risk
In late October, the two-day Central Financial Work Conference, which was attended by President Xi Jinping, pledged to optimise the debt structure of central and local governments
 "China frames 'One Province, One Policy' plan for the financial risk")
MPC likely to hold repo rate for fifth time in a row, shows BS poll
Likely to revise FY24 growth forecast upward
 "MPC likely to hold repo rate for fifth time in a row, shows BS poll")
India eyes Global South pole position with COP host pitch in 2028
Under the current Bharatiya Janata Party-led government, the Indian state has been positioning itself as the leader of the Global South
 "India eyes Global South pole position with COP host pitch in 2028")
Global regulators seek tougher scrutiny of voluntary carbon markets: Report
IOSCO last year raised the prospect of closer scrutiny of carbon markets when it said it was concerned the quality and double counting of credits left the sector open to fraud
 "Global regulators seek tougher scrutiny of voluntary carbon markets: Report")