Page 537 - Economy & Policy News

Higher interest rate puts pressure on CASA deposits, shows survey

Food processing and metals iron & steel have also witnessed accelerated long-term loan disbursements in the past six months

Unemployment rate in India at its lowest level in 6 years: PM Modi

He also mentioned that institutes are being upgraded as model ITIs with the objective of providing efficient and high-quality training along with best practices

30% of UAE's gems, jewellery sourced from India: Export Promotion Council

The show from October 10-12 is supported by the Ministry of Commerce and Industry, the Government of India, and the Embassy of India in UAE

Festival season spurs online shopping spree, e-commerce cos hopeful

"I don't have time even for lunch as there are so many packets to be delivered," said Ajay Singh, a delivery boy at a Flipkart delivery centre in a busy market in New Delhi

CPI-based inflation eases to 5.02% in Sep; Aug IIP growth zooms to 10.3%

Food inflation fell to 6.56 per cent in September against 9.67 per cent in August

Karnataka govt's US visit garners $3 bn worth of investment interest

The delegation held meetings with global companies like Applied Materials, AMD, Juniper, Global Foundries, Lam Research, Boeing, Krypton and Dell

RBI's active rupee management stretches valuation to near 2-year peak

The RBI regularly intervenes in the foreign exchange markets and stepped up intervention in September

Solitaire sheen: Sales of solitaire diamonds rise in post Covid-19 era

Since the economic slowdown in developed markets has dented demand, diamond prices have decreased by about 35 per cent in the past year and a half

NPCI Int'l to develop UAE's domestic card scheme in partnership deal

Scheme will help UAE in financial inclusion, strengthening e-commerce and digital transactions

JP Morgan adds India to emerging market debt index; may boost G-secs

Industry experts say anything between $20 billion and $30 billion could flow in, at least on paper. There could also be more interest in Indian G-Secs among foreign investors

IMF projects inflation, growth risks if Israel-Hamas conflict widens

It's a bit early to know the full implications of the conflict, and much will depend on whether it draws in other countries, Gita Gopinath said

Govt to hold off on introducing PLI schemes, evaluates existing initiatives

Launched three years ago with an allocation of Rs 1.97 lakh crore, the PLI scheme aimed to boost domestic manufacturing and draw investments

Cabinet approves royalty rates for mining of Lithium, Niobium REE

To ensure consistency, the Ministry of Mines has devised a formula for calculating the ASP of these minerals, which will aid in setting bidding parameters

IMF's focus has to be macroeconomic surveillance, policy guidance: FM

Finance and central bank deputies meeting to start discussions on key agenda

Centre set to restrict sugar exports after poor monsoon rains: Report

Monsoon rain this year was the lowest since 2018 due to the El Nino weather pattern

India's debt to GDP ratio to peak at 82.3% in FY25, fall in FY29, says IMF

The IMF's present estimates mark a notable deviation from its April projections

Salaried employment slips in 12 major states, UTs, shows PLFS data

It's widely held that salaried roles, which guarantee consistent wages, offer better job security than casual positions or self-employment

Sunflower seeds to capsicum: Minimum support price fire is raging

The second of a two-part series looks at the policy lacunae that keep farmers from growing other crops which cut out the need to burn stubble

Higher-for-longer rates will keep constricting global economy: World Bank

Both Ajay Banga, the institution's president, and Chief Economist Indermit Gill warned that the fallout from the sudden shift to an era of elevated borrowing costs may be tough

Haryana govt clears policy to eliminate crop residue, curb stubble burning

Recently, Chief Secretary Sanjeev Kaushal issued a series of stringent directives to prevent stubble burning incidents