Page 532 - Economy & Policy News
Govt mulling another PLI scheme for batteries to bring down cost: Singh
He pointed towards limited battery manufacturing capacity in the world and termed it as a reason for high prices
 "Govt mulling another PLI scheme for batteries to bring down cost: Singh")
India, UK hold first '2+2' foreign & defence dialogue to boost cooperation
The dialogue took place as the two sides are exploring the possibility of a visit to India by British Prime Minister Rishi Sunak later this month
 "India, UK hold first '2+2' foreign & defence dialogue to boost cooperation")
Overall trade gains may be limited for India in FTA with UK: GTRI
Negotiations for the FTA are in the final stages, with both countries engaged in weekly discussions
 "Overall trade gains may be limited for India in FTA with UK: GTRI")
Wholesale inflation hits 6 month high in Sept but stays in negative
Food inflation decreased significantly to 3.35 per cent in September from 10.6 per cent in August
 "Wholesale inflation hits 6 month high in Sept but stays in negative")
Amid declining Indian imports, shipments from Russia, Hong Kong see growth
In the realm of exports, India saw diverging trends among its top 10 markets
 "Amid declining Indian imports, shipments from Russia, Hong Kong see growth")
Retail cos expected to witness muted growth in Q3 after weak demand in Q2
In the apparel sector, few wedding dates and lingering weak consumption patterns are expected to hinder growth for companies
 "Retail cos expected to witness muted growth in Q3 after weak demand in Q2")
Indian economy projected to grow at 6.3% in FY24, says Ficci Survey
The Consumer Price Index (CPI)-based inflation is expected to remain at 5.5 per cent in FY24, with a range of 5.3 per cent to 5.7 per cent
 "Indian economy projected to grow at 6.3% in FY24, says Ficci Survey")
Experts see WPI inflation rising in second half of ongoing fiscal year
Elevated global crude oil prices and potential risks to kharif harvest due to uneven rainfall also pose upside risks to WPI inflation, Sinha said
 "Experts see WPI inflation rising in second half of ongoing fiscal year")
Festive demand: Coal India's fuel supply to thermal plants rises 6% in Oct
The supply was increased amid a sudden rise in power demand even as unseasonal rains hit the operations in coal bearing areas of Coal India's arms based in the eastern part of the nation
 "Festive demand: Coal India's fuel supply to thermal plants rises 6% in Oct")
India's economic growth expected to rise at 6.3% in FY24: Ficci survey
Ficci said the survey was conducted in September 2023 and drew responses from leading economists representing industry, banking and financial services sector
 "India's economic growth expected to rise at 6.3% in FY24: Ficci survey")
Basmati rice growers face losses as current floor price dents exports
India, the world's biggest rice exporter, has also curbed exports of non basmati rice varieties in an attempt to keep a lid on domestic prices ahead of key state elections
 "Basmati rice growers face losses as current floor price dents exports")
Women's participation in Uttar Pradesh labour force rises by 17.9%: Survey
As per the report, India recorded a women labour force participation rate of 39.80 per cent in the financial year 2022-23, while Uttar Pradesh reported a rate of 32.10 per cent
 "Women's participation in Uttar Pradesh labour force rises by 17.9%: Survey")
RBI's $5 billion USD/INR swap expiry fuels dollar shortage concern
The Reserve Bank of India (RBI) had conducted a $5 billion sell/buy dollar/rupee swap last year. Under this swap, the RBI sold $5 billion to banks on April 28, 2022
 "RBI's $5 billion USD/INR swap expiry fuels dollar shortage concern")
Statsguru: 6 charts explain economic challenges for poll-bound states
Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan, and Telangana grew between 4 and 6 per cent in the years after 2018-19
 "Statsguru: 6 charts explain economic challenges for poll-bound states")
Wholesale inflation rises to -0.26% in Sept, food inflation eases to 1.54%
The WPI-based inflation rate has been in the negative for the sixth consecutive month since April
 "Wholesale inflation rises to -0.26% in Sept, food inflation eases to 1.54%")
India's labour-intensive goods to get benefit: GTRI on FTA with UK
"These products face relatively low to moderate tariffs in the UK," GTRI Co-Founder said
 "India's labour-intensive goods to get benefit: GTRI on FTA with UK")
Expanding OIDAR scope: Foreign firms asked to comply with GST norms
Intimation notices to 70 online gaming, edtech, ad companies
 "Expanding OIDAR scope: Foreign firms asked to comply with GST norms")
Share of women in wage work declined to 15.9% in 2022-23, says PLFS
At the national level, the share of women in regular wage work has declined sharply to 15.9 per cent in 2022-23, from 21.9 per cent in the pre-pandemic period of 2018-19
 "Share of women in wage work declined to 15.9% in 2022-23, says PLFS")
Retail CBDC adoption: Long winding road to 1 million transactions
Central Bank Digital Currency (CBDC) is a digital form of currency notes issued by a central bank. RBI broadly defines e-Re as the legal tender issued by a central bank in digital form
 "Retail CBDC adoption: Long winding road to 1 million transactions")
Basmati rice minimum export price review still under consideration: Centre
Some traders said FOB export price of Indian basmati near the MEP, while others oppose