Page 495 - Economy & Policy News
All-India House Price Index moderates to 3.4% in Q2FY24: RBI data
On a quarter-on-quarter basis, all-India HPI contracted by 1.2% in the second quarter of 2023-24; seven of the 10 cities saw price increase in housing registration during the latest quarter
 "All-India House Price Index moderates to 3.4% in Q2FY24: RBI data")
Trade unions witnessing decline across the world, says senior economist
Speaking on the problems faced by trade unions, Bardhan said that an increase in the informal labour force is leading to a higher degree of labour fragmentation
 "Trade unions witnessing decline across the world, says senior economist")
Q2 GDP numbers show resilience and strength of Indian economy: PM Modi
Prime Minister Narendra Modi said that the Centre was committed to ensuring fast-paced growth to create more opportunities, rapid eradication of poverty and improving 'Ease Of Living'
 "Q2 GDP numbers show resilience and strength of Indian economy: PM Modi")
Eight key infrastructure sectors growth up at 12.1% in October: Govt data
All the sectors except for fertiliser recorded healthy production growth in the month under review
 "Eight key infrastructure sectors growth up at 12.1% in October: Govt data")
India's oil imports from Russia rebound in November on Diwali demand
India has boosted purchases of Russian oil sold at a discount after imports from Russia were shunned by some Western countries following its invasion of Ukraine last year
 "India's oil imports from Russia rebound in November on Diwali demand")
India's fiscal deficit between Apr-Oct 45% of FY24 target of Rs 17.87 trn
Between April and October this year, the fiscal deficit was recorded at Rs 8.04 trillion as compared to Rs 7.57 trillion in the same period last year
 "India's fiscal deficit between Apr-Oct 45% of FY24 target of Rs 17.87 trn")
Nifty 50's best month since July 2022 on IT, energy stocks, GDP data eyed
GDP growth is forecast to have moderated to 6.8% in the September-quarter from 7.8% in the previous quarter, but the country still remained the fastest growing major economy, according to Reuters
 "Nifty 50's best month since July 2022 on IT, energy stocks, GDP data eyed")
Bengaluru tops as hub for valued firms by self-made entrepreneurs: Report
A majority 129 such industry leaders are from the Karnataka capital, which is ahead of Mumbai (78), and Gurugram and New Delhi (49), as per a report by Hurun India
 "Bengaluru tops as hub for valued firms by self-made entrepreneurs: Report")
Coal will remain an important part of India's energy needs: Official
"Coal is, and would, remain an important part of India's energy needs," Foreign Secretary Vinay Mohan Kwatra told reporters ahead of Prime Minister Narendra Modi's trip to Dubai
 "Coal will remain an important part of India's energy needs: Official")
After two quarters of fall, urban unemployment rate stagnated at 6.6% in Q2
However, the unemployment rate for the youth (15-29 age group) declined to 17.3 per cent in Q2 from 17.6 per cent in the June quarter
 "After two quarters of fall, urban unemployment rate stagnated at 6.6% in Q2")
How Indian techies will benefit from US H-1B renewal pilot programme
If the pilot is successful, H-1B visa holders will just have to mail their visas to the State Department, and will not have to travel outside the US to their home countries for renewals.
 "How Indian techies will benefit from US H-1B renewal pilot programme")
Indian economy expected to sustain strong growth amid global gloom
India's is seen as the bright spot globally as some Western countries are flirting with the possibility of recession, while China, the world's second-largest economy, has slowed down
 "Indian economy expected to sustain strong growth amid global gloom")
Railways to upgrade anti-collision tech Kavach to LTE: Ashwini Vaishnaw
Target for 5000 kms of ATPS commissioning by FY26
 "Railways to upgrade anti-collision tech Kavach to LTE: Ashwini Vaishnaw")
After Balasore, Silkyara, disaster response gears up for new challenges
Climate-change also a major discussion point, says NDMA
 "After Balasore, Silkyara, disaster response gears up for new challenges")
Corporate bond issuances rebound in November as market gains stability
Furthermore, the market is projecting a total increase of a minimum of 15-20 per cent in corporate bond issuances for the entire current financial year compared to the last year
 "Corporate bond issuances rebound in November as market gains stability")
Centre extends PMGKAY free foodgrain scheme for another 5 years till 2029
Extending the scheme could provide some relief to the marginalised sections from high cereal prices
 "Centre extends PMGKAY free foodgrain scheme for another 5 years till 2029")
India unlikely to be hit by potential Opec+ production cut, say officials
Lower global demand and discounts on Russian crude to ensure continuous oil flows
 "India unlikely to be hit by potential Opec+ production cut, say officials")
Cabinet approves 'terms of reference' for 16th Finance Commission
Chairman, members to be appointed 'as soon as possible'; commission to submit report by Oct 31, 2025
 "Cabinet approves 'terms of reference' for 16th Finance Commission")
Walmart turns to India from China for cheaper imports as it cut costs
Only 60% of its shipments came from China during the same period, down from 80% in 2018, the same data shows. To be sure, China is still Walmart's biggest country for importing goods
 "Walmart turns to India from China for cheaper imports as it cut costs")
India's GDP growth expected to slow to 6.3% in FY24: OECD economic outlook
The GDP growth is expected to further slow to 6.1 per cent in the next financial year (FY25), before rebounding in FY26