Page 567 - Economy & Policy News

Insurance industry lacks human capital in administration: Irdai member

He further said that the lack of skilled professionals has affected the Assets under Management (AUM) of these companies

US Treasury 30-year bond yield rises 8 bps to hit highest level since 2007

Shorter-maturity Treasury yields had previously reached the highest levels since at least 2007, and extended their climb Tuesday

Fund raised via bonds on private placement up 73% to Rs 3.3 trn in Apr-Aug

In private placements, firms issue securities or bonds to institutional investors instead of a sale in the open market

Smart TV Shipments fall 5% in H1, estimated to decline 7% in 2023: Report

In the first half of 2023, the India Smart TV Shipments have already declined 5 per cent, the report said

State-run agency suggests mandatory green hydrogen norms for oil refineries

Bureau of Energy Efficiency suggests giving refineries three years to meet green hydrogen obligations

Overall engineering exports from India affected by global slowdown: EEPC

Overall engineering exports during April to August in 2023 dropped 4.55 per cent to $ 44.62 billion as against $ 46.74 billion in the previous similar period of 2022

Ahead of polls, govt likely to unveil new pension model for staff: Report

A source said that the pension for government staff under the tentative model will be adjusted for inflation only every five or ten years

WB ups India's FY24 inflation forecast to 5.9%, growth estimate unchanged

World Bank also said that it expects fiscal consolidation to continue in FY24, with the central government fiscal deficit projected to continue to decline from 6.4% to 5.9%

Union excise duty collection fell 12% in first five months of FY24

The excise kitty dropped 18 per cent in August, shows CGA data

Credit quality of export, commodity-linked sectors to face pressure: Crisil

Rating upgrades outpace downgrades in H1FY24

September PMI manufacturing comes at 57.5, slowest expansion in 5 months

The fall in PMI was primarily attributed to a softening in the number of new orders

FIU likely to launch global crypto exchange database by March next year

The exchange will also have information on the exchanges which are operating on the dark web

As households save less, India's growth story may not have happy ending

What the data suggests, however, is that India's numbers are unsustainable. They're driven by debt-fueled household consumption and government investment

Securities transaction tax collection likely to go past Budget target

Collection in H1 over 50% of BE of Rs 27,625 cr

World Bank slashes 2023 growth forecast for East Asia and Pacific to 5%

World Bank said that while China is expected to grow at 5.1% this year, up from 3% in 2022, the rest of the countries in the region are expected to see a slowdown

Basel-III rules to give Nabard room to double balance sheet from April 2024

As the overall business horizon of Nabard has expanded, capital and reserves registered growth of 52.4 per cent

Indian pharma exports to Iran decline thanks to its lower rupee reserves

Indian pharma exports to Iran have declined from $205.1 million in FY20 to $59.14 million in FY23. Iran's rupee reserves have depleted as India ceased oil imports from the country in mid-2019

Rural reprieve pushed India's unemployment rate to 1-year low in Sept: CMIE

The overall joblessness rate slid to 7.09% last month, from 8.10% in August, data from private research firm Centre for Monitoring Indian Economy showed.

Chatroom: DTA units can pay EOU in foreign currency, says expert

TNC Rajagopalan answers SME queries related to GST, export and import matters

Run-up to RBI monetary policy review: Expect another hawkish pause

The surge in the headline CPI inflation has expectedly proved to be transient. The print had cooled off to 6.8 per cent in August 2023 from the 15-month high of 7.4 per cent in July