Page 570 - Economy & Policy News

India must grow at 8% to transform lives: Former US treasury secy

Speaking at a CII event, Larry Summers highlighted that the issues India faces are less related to the scale of the govt and more about its effectiveness

India must grow at 8% to bring transformational changes for people: Summers

Summers clarified that 8% growth was not his forecast on the basis of current policy, but added, "given India's potential, even in a more challenging world economy..."

A holistic approach can grab space vacated by China in textile sector: SIMA

Textile and clothing sectors must have a holistic approach with a long-term vision to seize the opportunity in the global market, industry officials said on Saturday

PC, laptop import restrictions: Govt hints at breather; no date for curbs

Laptop, tablet, PC, and small server makers need to register on DGFT platform starting Nov 1

Robust digital infrastructure helped govt save over $27 billion: DEA Secy

The use of direct benefit transfer in the last one decade has ensured money reached to targeted beneficiaries and bogus accounts are weeded out. This has helped in huge savings of taxpayers' money

Parliamentary committee seeks annual review of ESIC investment policy

This comes as interest received by it from govt bonds has seen a decline

Monsoon may start retreating from September 25 after an uneven run

Usually the withdrawal from extreme parts of west Rajasthan starts around September 17, according to the revised schedule

FinMin retains 6.5% GDP growth estimate for FY24, says 'outlook bright'

Steady decline in urban unemployment rate; private consumption strong: Monthly Economic Review

Weekend Bites: India-Canada-Khalistan, women's Bill, and drugs on drones

In which we munch over the week's platter of news and views

Fed funds futures trade for December rate hike sees record volume

The fed funds futures market allows traders to place wagers on the precise timing of US central bank policy actions, and they did so to an eye-popping degree after this week's meeting

Govt regulations should support MSME sector's entry into private labels

Ingovern also pointed out that private label and D2C are here to stay

Oil prices increase as Russia fuel export ban stokes supply concerns

Brent futures were up 78 cents, or 0.84%, at $94.08 a barrel by 1443 GMT, while U.S. West Texas Intermediate crude (WTI) futures rose by $1.02, or 1.14%, to $90.65 a barrel

Punjab's debt rose by Rs 50,000-crore under AAP: Governor seeks details

I have received your letter regarding the Rural Development Fund amounting to Rs 5,637 crore and requesting for my intervention to take up the case with PM, asks guv

Govt bonds' JP Morgan index inclusion to boost rupee, help finance CAD: CEA

Fiscal, monetary policies will need to be cognizant of global perceptions and sensitivities, says Nageswaran

Inclusion of Indian bonds in JP Morgan index to widen investor base: CEA

The inclusion of G-Secs will be staggered over a 10-month period from June 28, 2024 to March 31, 2025, indicating one per cent increment on its index weight

FinMin retains 6.5% FY24 growth estimate amid steady high-frequency indicators

High-Frequency Indicators (HFIs) for July/August 2023 reflect sustenance of growth momentum in Q2FY24, it said

Tamil Nadu govt conducts roadshow for global investors meet in Delhi

Tamil Nadu has been adopting a multi-pronged approach of wooing capital-intensive investment projects as well as employment-intensive projects, which will have a direct impact on economy

India, Canada diplomatic row will not have material impact on exports: EEPC

The export goods include pharmaceuticals, gems and jewellery, textiles, and machinery, while imports (USD 4.06 billion) include pulses, timber, pulp and paper, and mining products

India's forex kitty drops $867 million to $593.037 billion: RBI data

The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year

Govt to make IT hardware import authorisation process online, seeks data

Industry players have been informed that the "import management system" portal, which will be managed by Directorate General of Foreign Trade (DGFT), will go live by the end of this month