Page 512 - Economy & Policy News
The wild world of weddings: How couples strive to make celebrations unique
With a record number of nuptials scheduled this winter, marriage-bound couples are going wild to make theirs a special
 "The wild world of weddings: How couples strive to make celebrations unique")
India's forex reserves rise by $2.58 bn to $586.11 bn, shows RBI data
Gold reserves were up by USD 499 million to USD 45.923 billion during the week, the RBI said
 "India's forex reserves rise by $2.58 bn to $586.11 bn, shows RBI data")
Steel expansion plans threatened by scrap metal export restrictions
The country's consumption of ferrous scrap metal will jump 50% to 60 million tons by the end of the decade, and imports will double to about 20 million tons, it estimates
 "Steel expansion plans threatened by scrap metal export restrictions")
India abstained from Pakistan's loan request to IMF: Finance ministry
The arrangement provides short-term financial assistance to countries facing balance of payments problems
 "India abstained from Pakistan's loan request to IMF: Finance ministry")
FM meets President and PM of Sri Lanka, discusses issues of mutual interest
Sitharaman assured that India would continue to collaborate with the Sri Lankan government on matters pertaining to debt restructuring
 "FM meets President and PM of Sri Lanka, discusses issues of mutual interest")
Low demand drags India's services PMI to seven-month low in October
The survey also mentioned that services companies in India reported an increase in their expenses in October due to higher food, fuel, and staff costs
 "Low demand drags India's services PMI to seven-month low in October")
Quality standards are a passport for trade, says commerce minister Goyal
Those who control standards and have the ability to maintain high standards are the ones who will control the markets, prices and processes and become manufacturers and innovators of tomorrow, he said
 "Quality standards are a passport for trade, says commerce minister Goyal")
Besides Delhi, NCCF to sell subsidised onion at Rs 25/kg in other states
NCCF is selling onion from the government's buffer stock of 5 lakh tonnes maintained for the current year
 "Besides Delhi, NCCF to sell subsidised onion at Rs 25/kg in other states")
All-round improvement in business sentiments in Q2, shows NCAER survey
The BCI was also higher than 132.5 in the year-ago period
 "All-round improvement in business sentiments in Q2, shows NCAER survey")
Haryana cracks down on stubble burning, imposes fines of over Rs 25 lakh
The government is taking stringent action against those responsible for farm fires, he added, referring to the challans being imposed with fines
 "Haryana cracks down on stubble burning, imposes fines of over Rs 25 lakh")
Global funds, blue chip firms on Uttar Pradesh's radar for investments
While UP claims to have attracted foreign direct investment (FDI) proposals of Rs 60,000 crore from nearly 25 countries in the past five-six years
 "Global funds, blue chip firms on Uttar Pradesh's radar for investments")
HP govt clears Rs 2,500-crore development project of tourism sector
HPTDC chairperson made the announcement while inaugurating the three-day Asian Rafting Championship in Nadaun in Hamirpur district
 "HP govt clears Rs 2,500-crore development project of tourism sector")
India's Oct services PMI falls to 58.4 vs 61 in Sept on rising inflation
In October, there were faster increases in input costs and output charges, with rates of inflation outpacing their respective long-run averages
 "India's Oct services PMI falls to 58.4 vs 61 in Sept on rising inflation")
MGNREGS demand continues to be robust even as funds dip, shows data
Almost 80 per cent states have negative balance; all India deficit stands at over 9619 crore
 "MGNREGS demand continues to be robust even as funds dip, shows data")
70-hour workweek: Here's why Murthy's suggestion won't help India grow
The insight that the more you work, the less you produce in your extra hours on the job has a long history
 "70-hour workweek: Here's why Murthy's suggestion won't help India grow")
Non-compliance of safety issues may lead to trade barriers: Labour secy
The secretary also mentioned the use of software in Employees' State Insurance Corporation (ESIC) hospitals to detect and respond to occupational health issues
 "Non-compliance of safety issues may lead to trade barriers: Labour secy")
RBI may hold fire even if Fed hikes rates twice: CEA V Anantha Nageswaran
RBI Governor Shaktikanta Das recently said at the Business Standard's BFSI Insight Summit domestic factors determined India's monetary policy
 "RBI may hold fire even if Fed hikes rates twice: CEA V Anantha Nageswaran")
RBI Deputy Guv pitches for institute to train regulators across sectors
The career central banker also made it clear that he is not confining himself just to the RBI and added that the need for training of regulators is across sectors
 "RBI Deputy Guv pitches for institute to train regulators across sectors")
Raising receipts, accelerating economy's size key to address debt problem
The Centre's debt had risen by around ten percentage points of GDP during 2020-21 compared to the previous year, while the state's debt by little more than four percentage points of GDP
 "Raising receipts, accelerating economy's size key to address debt problem")
After RoDTEP, govt likely to extend export-boosting textile scheme
Ministry seeks Cabinet's approval regarding RoSCTL scheme
 "After RoDTEP, govt likely to extend export-boosting textile scheme")