Page 509 - Economy & Policy News

UK's stagnating economy fails to grow but sidesteps start of a recession

In the month of September alone, Britain's economy grew by 0.2% from August when growth was revised down to 0.1% from 0.2%

India's direct tax collection up 17.6% to Rs 12.3 trillion till Nov 9: CBDT

Currently, the tax collection stands at 58.15% of the total Budget Estimates for FY24

India planning labour supply pact with Taiwan while China tensions brew

Taiwan could hire as many as 100,000 Indians to work at factories, farms and hospitals, the officials said, asking not to be identified as the discussions are private

India needs 8%-8.5% growth to create enough jobs, says Raghuram Rajan

While India's expansion has outpaced that of other major economies, the country isn't creating enough jobs for the millions of people joining the workforce every year

Domestic demand to sustain India growth in the near term, says Moody's

Economy's strong second-quarter momentum continued in the third quarter, says agency's 'Global Macro Outlook 2024' report

IIS signs three MOUs to prepare skilled workforce for defence sector

Speaking at the event, skill development minister Dhramendra Pradhan said that the partnerships focus on the holistic development of youth

Over 100,000 small and mid-sized firms flout GST e-invoicing rules

The e-invoicing mechanism helps improve compliance and transparency in sales reporting, minimising errors and mismatches, and automating data entry

Customers in tier 2-3 cities drive Amazon India festive sale: Report

The festival season sale trend reflects consumer buying pattern in the country

Moody's upgrades Tata Motors' ratings to Ba3; outlook remains positive

It also upgraded Jaguar Land Rover Automotive Plc's (JLR) CFR to "Ba3" from "B1"

Decoupling of emissions and GDP not yet achieved: RBI deputy governor Patra

Patra further said that central banks and financial institutions must actively address climate change, as it impacts their mandates of price and financial stability

DPIIT to engage consultancy agency to draw reservation list for FTA talks

"It is for the purpose of preparation of the list, DPIIT intends to engage a consultancy agency on a project basis," according to a request for proposal (RFP) floated by the DPIIT

11 states budgeted revenue deficit in FY24 amid tapering grants: Report

The 15th finance commission has recommended revenue deficit grants worth Rs 2.95 trillion for 17 states between FY22 to FY26

Kharif crop prices will guide inflation fight in coming months amid polls

The ongoing elections in the three states could also be influenced if inflation rears its head again.

India vulnerable to recurring food price shocks, says RBI Governor Das

The RBI's rate-setting panel has raised the repo rate by 250 basis points cumulatively between May 2022 and February 2023 to manage inflation expectations

RBI deploys 81.43% of foreign currency assets in overseas securities

The share of money kept in deposits with other central banks and the Bank for International Settlement (BIS) declined to 13.49 per cent at the end of September from 14.82 per cent at the end of March

Start warranty period from date of installation: Govt to white goods firms

In a letter to industry and retail associations and manufacturers of white goods, Rohit Kumar Singh, secretary to the government, has advised them to revise the policy of warranty

Festive season sale 2023 order volume grows 37%, GMV 22%: Unicommerce

Categories like FMCG and home decor have emerged as strong ecommerce contenders which are now laying inroads for newer segments to flourish in the ecommerce ecosystem, the statement said

Brent crude oil hovers around $80 after this week's downward spiral

Earlier in the week customs data showed that China's total exports of goods and services contracted faster than expected

Strong domestic demand to support India's near-term growth: Moody's

Headline inflation in September eased to 5 per cent from 6.8 per cent in the month prior, dropping back within the RBI's target range

India inflation likely eased to four-month low in October: Report

Forecasts for the data, to be released on Monday, were in a 4.47%-5.55% range