Page 524 - Economy & Policy News

India set to be world's third-largest economy by 2030, says S&P Global

By 2030, India's GDP is forecast to surpass Germany's too

GST enforcement action likely to fetch over Rs 50,000 crore in FY24

Could be highest recovery ever in a year

Centre likely to bring down floor price for basmati rice exports to $950 MT

India imposed a $1,200 per tonne MEP on basmati rice shipments in August to keep a lid on local prices ahead of key state elections

Higher pension issue likely on EPFO central board of trustees meet agenda

While the full agenda is not clear, sources familiar with the matter say that the issue of higher pension which has protracted for a long time now might come up in the meeting

Floating-rate savings bonds on RBI online portal may not be instant hit

These bonds usually perform well in a rising rate environment, say mkt players

75% beneficiaries of PM SVANidhi from non-general category: SBI research

The Scheduled Castes and Scheduled Tribes account for 22 per cent of the total disbursement of the PM Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme

India to surpass Japan, be second largest Asian economy by 2030: S&P Global

After two years of rapid economic growth in 2021 and 2022, the Indian economy has continued to show sustained strong growth during the 2023 calendar year

Mid-term report card of Sebi chief shows her priorities have worked

While Sebi has always defined its role as that of a troika of development of the capital markets, their regulation and protection of investor interests, Buch has drawn the lines linking them

NITI Aayog working on plan to reduce reliance on China for supply chains

A senior government official was quoted as saying that the Aayog will bolster its policy recommendations on tariff and non-tariff barriers

10% fewer fresh formal jobs created in April-August, shows EPFO data

The payroll data showed that cumulatively 4.92 million new subscribers joined the social security organisation between April-August this year

India's fiscal position 'solid' amid global headwinds: Finance ministry

'West Asia situation, oil prices new challenges'

Finance ministry's expenditure management to keep space for global crises

The pre-budget discussions are expected to conclude on November 14

China's military readying all branches of the People's Liberation Army

The second and final part of the series talks about how the PLA is creating options for dissuading and defeating external intervention in the Indo-Pacific region

Recovery signs in rural consumption, but stress remains: Kantar report

Demand growth in this category from rural areas was only half of that in urban India

Demand, supply mismatch pushing up vegetable inflation frequently: CRISIL

A study by rating agency Crisil found that vegetable inflation has been the most volatile in the food category, in fact.

Mineral output index increases by 12.3% to 111.9 in August: Centre

The index of mineral production of the mining and quarrying sector for the month of August 2023 at 111.9, is 12.3 per cent

Govt cautious of unexpected spike in sovereign bond yields: Official

"If (government bond) yields go beyond tolerance level, we will take appropriate remedial actions," the official said, without giving details

Deal to make MNCs to pay 15% tax marred by loopholes: EU backed watchdog

The idea was to stop multinational corporations, among them Apple and Nike, from using accounting and legal maneuvers to shift earnings to low- or no-tax havens

Fiscal position solid, retail inflation to stay within target: FinMin

Retail inflation eased to a three-month low in September on the back of softer vegetable prices, but remained above a 4% target that the central bank has signalled would be key before easing rates

4% inflation focus may not signal 'higher for longer' rates: MPC members

"The focus, therefore, naturally shifts to the next stage of bringing the inflation to the target level," said Varma, adding that there is no ambiguity in the eventual inflation goal of 4%