Page 499 - Economy & Policy News
FDI equity inflows decreased by 24% to $20.48 bn in Apr-Sep 2023: Data
Investments from overseas fell in April, May, June, July and August
 "FDI equity inflows decreased by 24% to $20.48 bn in Apr-Sep 2023: Data")
Economy lost momentum by 80-100 bps in Q2 to 6.8-7%, say analysts
Ahead of the Q2 GDP data release on November 30, domestic rating agency Icra economist has pegged the GDP growth at 7 per cent
 "Economy lost momentum by 80-100 bps in Q2 to 6.8-7%, say analysts")
Upcoming wedding season likely to generate Rs 4.7 trillion business: CAIT
The estimates are based on inputs from trade bodies in 30 cities in different states and stakeholders in goods and services
 "Upcoming wedding season likely to generate Rs 4.7 trillion business: CAIT")
India Inc net profit share in GDP now just shy of 5% after robust Q2
Expected to top 8% in five years
 "India Inc net profit share in GDP now just shy of 5% after robust Q2")
India-Australia ECTA: 77% utilisation by Indian exporters in 9 months
In a free trade agreement (FTA), the utilisation rate is one of the key parameters to assess how a trade agreement is faring or the real gains from the deal
 "India-Australia ECTA: 77% utilisation by Indian exporters in 9 months")
RBI tightening on unsecured loans: White goods firms fear margin squeeze
While the consumer won't bear the brunt of the RBI's move, companies still await clarity but expect their margins to take some hit
 "RBI tightening on unsecured loans: White goods firms fear margin squeeze")
Project cost over doubled to Rs 10.64 trn under Bharatmala Pariyojana: Icra
Bharatmala Pariyojana is the largest highway infrastructure programme in India which aims at the development of 34,800 kilometres of national highway corridors at an investment of Rs 5.35 trillion
 "Project cost over doubled to Rs 10.64 trn under Bharatmala Pariyojana: Icra")
Retail inflation for agricultural, rural workers marginally up in Oct
Food inflation stood at 8.42% and 8.18% for CPI-AL and CPI-RL in October 2023
 "Retail inflation for agricultural, rural workers marginally up in Oct")
Rules of origin for medical sector remains sticking point in India-UK FTA
The government has taken steps to promote domestic manufacturing of medical devices/equipment and attract large investment in the sector
 "Rules of origin for medical sector remains sticking point in India-UK FTA")
Fresh formal job creation declines to six-month low, shows EPFO data
The monthly data released by the EPFO is part of the government's effort to track formal-sector employment by using payrolls as an instrument
 "Fresh formal job creation declines to six-month low, shows EPFO data")
In India, Russia calls for 'extra efforts' to overcome payment hurdles
Denis Alipov, Russian Ambassador to India, said that the Vostro trade settlement mechanism (Rupee payment) did not work well
 "In India, Russia calls for 'extra efforts' to overcome payment hurdles")
Oil advances above $81 a barrel as Opec+ likely to go for deeper cuts
With inventories swelling in the US and timespreads signaling weaker conditions, hedge funds have slashed their bets on oil to the least bullish in 20 weeks
 "Oil advances above $81 a barrel as Opec+ likely to go for deeper cuts")
UK-India trade body bats for FTA before general elections in both nations
Thirteen rounds of negotiations have been already completed between India and the UK on the Free Trade Agreement (FTA)
 "UK-India trade body bats for FTA before general elections in both nations")
Himachal govt launches Rs 680 cr job scheme linked with green initiatives
The Himachal government has launched the e-taxi scheme under the first phase of Rs 680 crore Rajiv Gandhi Self-Employment Start-up Yojna
 "Himachal govt launches Rs 680 cr job scheme linked with green initiatives")
Tourism likely to jump by 10-12% this year in poll-bound Rajasthan
Trade experts estimate that the number of tourists visiting Jaipur alone may reach 15,000 to 18,000 per day during the remaining months of this financial year
 "Tourism likely to jump by 10-12% this year in poll-bound Rajasthan")
Over 25 nations' leaders to join Bengal Global Business Summit from Tue
The participating countries include the US, UK, Japan, Poland, France, Australia, Germany, Malaysia, Bangladesh and Fiji
 "Over 25 nations' leaders to join Bengal Global Business Summit from Tue")
GDP growth to dip slightly to 6.3% in 2024, LS polls key factor: Report
The growth outlook are evenly balanced but "the main domestic risk" is emanating from political uncertainty, with elections approaching in 2024, the report said
Global slowdown blues will stall demand for office space this year: Crisil
IT firms and Global Capability Centres (GCCs) of multinational corporations are expected to keep demand modest in the near term amid global economic headwinds
 "Global slowdown blues will stall demand for office space this year: Crisil")
Laptop, tablet imports surge 42% to $715 million amid licensing fears
The rise in such imports were led by the largest source China (33 per cent) and Singapore (188 per cent), according to data released by the commerce department
 "Laptop, tablet imports surge 42% to $715 million amid licensing fears")
India a $4 trillion economy? Adani to Fadnavis hail, but no official word
An unverified screengrab from the live tracking GDP feed for all countries based on International Monetary Fund data has been widely shared on social media, including by many including BJP leaders
 "India a $4 trillion economy? Adani to Fadnavis hail, but no official word")