Page 566 - Economy & Policy News
Only 9 out of 100 surveyed company websites seek clear consent: PwC report
Only 2 out of the 100 analysed websites provided consent in multiple regional languages
 "Only 9 out of 100 surveyed company websites seek clear consent: PwC report")
NIIF launches $600 mn India-Japan bilateral fund in collaboration with JBIC
Fund aims investments renewables, e-mobility, and circular economy
 "NIIF launches $600 mn India-Japan bilateral fund in collaboration with JBIC")
Unsecured loan growth high, RBI unlikely to put restrictions: India Ratings
The domestic credit rating agency, a part of the Fitch Group, feels there are no issues on asset quality as a result of the fast-paced growth in the portfolios as yet
 "Unsecured loan growth high, RBI unlikely to put restrictions: India Ratings")
Govt forms National Turmeric Board, aims to boost sector's global dominance
India holds the title for being the world's largest producer, consumer, and exporter of turmeric
 "Govt forms National Turmeric Board, aims to boost sector's global dominance")
Domestic demand for non-ferrous metals to grow 9% over two fiscals: ICRA
The ratings agency also informed that the non-ferrous metal industry's profit margins to remain under pressure amid weak global environment
 "Domestic demand for non-ferrous metals to grow 9% over two fiscals: ICRA")
RBI's rate setting body starts deliberations amid expectation of status quo
The Reserve Bank started increasing the policy rate in May 2022 in tranches, in the wake of the Russia-Ukraine war and took it to 6.5 per cent in February this year
 "RBI's rate setting body starts deliberations amid expectation of status quo")
NPCI International to sign pact with Al Etihad Payments of UAE on Oct 5
Goyal will co-chair the eleventh meeting of India-UAE High-Level Task Force on Investments along with Sheikh Hamed Bin Zayed Al Nahyan, Managing Director of Abu Dhabi Investment Authority
 "NPCI International to sign pact with Al Etihad Payments of UAE on Oct 5")
Retail inflation may ease by Dec owing to seasonal factors: Finance secy
Retail inflation remained above the upper end of RBI's 2%-6% tolerance band for a second consecutive month in August, though it eased from a 15-month high of 7.44% in July
 "Retail inflation may ease by Dec owing to seasonal factors: Finance secy")
India caught between Davids & Goliaths in global clean energy face-off
The US and Europe are offering 8 to 10 times more subsidies amounting to a massive $650 billion, around 18 per cent of India's gross domestic product
 "India caught between Davids & Goliaths in global clean energy face-off")
Stubble burning cases top total of the last two years, shows data
The retreat of the southwest monsoon from northern India and an early harvest have contributed to the rise in instances of stubble burning in the six states
 "Stubble burning cases top total of the last two years, shows data")
World Bank raises India's retail inflation forecast to 5.9% for FY24
Maintains GDP growth forecast at 6.3%
 "World Bank raises India's retail inflation forecast to 5.9% for FY24")
Unabated FPI selling pulls indices to 1-month low; now eyes on Q2 results
Yield on 10-yr US bond highest since 2007
 "Unabated FPI selling pulls indices to 1-month low; now eyes on Q2 results")
OECD urges India to pare govt ownership in banks, insurance companies
OECD advised the government to further increase the share of renewable energy by facilitating long-term investment in clean energy development projects
 "OECD urges India to pare govt ownership in banks, insurance companies")
Manufacturing PMI at five-month low in Sept but remains strong: Survey
Job creation in industry continues as firms continue getting new business, says S&P Global
 "Manufacturing PMI at five-month low in Sept but remains strong: Survey")
Higher coal movement takes rail freight growth to 6.7% in September
Much of this growth was led by coal freight, which rose by 9.4 per cent to 59.7 mt in September, owing to higher coal demand at thermal power plants across the country
 "Higher coal movement takes rail freight growth to 6.7% in September")
Airbnb contributed over $920 million to India's economy in FY23: Research
The report compares the findings for FY23 in terms of GDP contribution and jobs supported in India during the period between April 2019 and March 2020
 "Airbnb contributed over $920 million to India's economy in FY23: Research")
UK PM Sunak reiterates commitment to get free trade deal with India done
I've just come back from my first trip to India as Prime Minister and that was very successful, said Sunak
 "UK PM Sunak reiterates commitment to get free trade deal with India done")
FinMin seeks expenditure proposals for supplementary demands for grants
Ahead of the winter session of Parliament, the finance ministry has sought expenditure proposals for the first batch of supplementary demands for grants from various ministries and departments
 "FinMin seeks expenditure proposals for supplementary demands for grants")
India urges producers for 'sensitivity' as oil price near $90 per barrel
Union Minister Hardeep Singh Puri has long called for OPEC and its allies led by Russia, known as OPEC+, to consider how their policies affect oil-consuming countries
 "India urges producers for 'sensitivity' as oil price near $90 per barrel")
States' borrowing cost jumps 10 bps to reach 23-week high of 7.56%
Fourteen states raised Rs 22,500 crore through the issuance of state government securities in line with the indicated amount for this weekly auction for the third quarter calendar