Page 497 - Economy & Policy News

Statsguru: 6 charts show the clock is ticking on achieving climate goals

As the world races against the climate clock, COP28 has its task cut out

India to remain fastest-growing major economy, demand uneven: Poll

Gross domestic product (GDP) growth is forecast to have slowed to 6.8% in the July-September quarter from 7.8% in the previous quarter

S&P Global, Morgan Stanley peg India's GDP growth at 6.4% in 2024

Those at Goldman Sachs, on the other hand, see the Indian economy growing a tad lower at 6.3 per cent in the year ahead.

S&P Global hikes India's FY24 GDP growth forecast by 40 bps to 6.4%

However, for FY25, the GDP growth projection has been slashed by 50 basis points (bps) to 6.4 per cent

India emerges as the least sensitive to a slowdown in China, shows data

Charts a distinct course in the face of global headwinds, while others tethered to China's gusts

Tariff tussle: UK delegation reaches out to Siam to quell FTA doubts

Holds meets with industry representatives; agreement at advanced stage

A climate crucible: The stage is set for a heated COP28 summit in Dubai

As the year of stocktaking of the Paris Agreement records historic high temperatures

Opaque WTO dispute talks a concern for India, South Africa, and Egypt

The two tier dispute settlement system of WTO involving consultation and adjudication remains non-functional since December 2019

PM pitches for UPI transactions, urges people to hold weddings in India

In his monthly Mann Ki Baat radio broadcast, Modi said the trend of cash transactions has been declining in the country

Increase in milk, egg, meat production in 2022-23; wool output in negative

The country's total milk production is estimated at 230.58 million tonnes in 2022-23, registering a growth of 22.81%

In boost to local economy, four new industrial estates to come up in J&K

As per the spokesperson, new industrial estates will be comprehensively developed in terms of infrastructure, such as internal road works, availability of electricity, among others

Centre announces phased introduction of biogas blending for domestic use

The mandatory phased introduction will start at 1% for use in automobiles and households from April 2025, it said. The share of mandatory blending will then be increased to around 5% by 2028

Odisha CM approves 12 key projects with investment of Rs 84,918 crore

These projects will create employment opportunities for 42,281 people across various sectors, an official said

India, European Union sign MoU on semiconductor research and innovation

The MoU was signed ahead of the IndiaEU Trade and Technology Council that was held in the virtual format on Friday

Crude oil refining output rose less than 1% in October to 20.6 MMT

Of this, government-owned oil companies and joint ventures processed 14.3 MMT, while private refiners processed 6.2 MMT of crude oil, the data showed

NPS adoption by govt employees hit 6-month high in September: NSO data

In March, 85,586 government employees had joined the NPS

India's forex exchange reserves rise to 11-week high of $595 billion

The currency settled at 83.3675 on Friday, a record closing low, and was down 0.1% for the week

Rupee closes at new low of 83.38 vs $; most Asian currencies weaken

Rupee closed the day at 83.38 against the dollar as compared to previous close of 83.34 per dollar, which is also a previous closing low

India and European Union likely to resolve ICT dispute by December

In June, they urged the WTO's dispute settlement body to mutually defer an appeal, which was pushed by 180 days - in two tranches of 90 days, each

NRIs likely to get bigger play in local equities through GIFT City FPIs

At present, the combined holdings of NRIs and OCIs in a global fund have to be less than 50 per cent, while that of a single NRI or OCI is capped at 25 per cent