Page 575 - Economy & Policy News
India-UK FTA talks: Good progress on rules of bilateral investment treaty
The 'rules of origin' provision prescribe that minimal processing should happen in the FTA country so that the final manufactured product may be referred as goods originating in that country
 "India-UK FTA talks: Good progress on rules of bilateral investment treaty")
EPFO, NPS data show 5.2 crore payrolls addition in last 4 years: SBI study
Retirement fund body EFPO and new pension system (NPS) data revealed addition of 5.2 crore payrolls, including 47 per cent fresh jobs, in the last four years, said a recent SBI study.
 "EPFO, NPS data show 5.2 crore payrolls addition in last 4 years: SBI study")
India's forex reserves decline to 11-week low of $593.90 billion: RBI
The changes in foreign currency assets, expressed in dollar terms, include the effects of appreciation or depreciation of other currencies held in the RBI's reserves
 "India's forex reserves decline to 11-week low of $593.90 billion: RBI")
Recruiters start getting pink slips as corporate hiring slows down
Due to a slowdown in the hiring market, many recruiters are now finding it difficult to get opportunities
 "Recruiters start getting pink slips as corporate hiring slows down")
Exports decline 7% to $34.48 bn in Aug, trade deficit stands at $24.16 bn
During April-August this fiscal, exports contracted by 11.9 per cent to $172.95 billion
 "Exports decline 7% to $34.48 bn in Aug, trade deficit stands at $24.16 bn")
Tea cos to witness 8% fall in revenue on decline in exports: Crisil Ratings
The tea industry is likely to witness an 8 per cent year-on-year decline this fiscal due to decreasing export volume following the rise in supply from Sri Lanka, a report said on Friday.
 "Tea cos to witness 8% fall in revenue on decline in exports: Crisil Ratings")
PM Modi to launch PM Vishwakarma scheme for traditional artisans on Sept 17
The "PM Vishwakarma" scheme reflects the steadfast commitment of PM Modi to support and uplift individuals engaged in traditional crafts, it said
 "PM Modi to launch PM Vishwakarma scheme for traditional artisans on Sept 17")
Around 22 nations exploring bilateral trade with India in rupee: Sitharaman
"Those countries are running short of dollar," Sitharaman said
 "Around 22 nations exploring bilateral trade with India in rupee: Sitharaman")
Banks receive GST notices for use of brand name by branches, subsidiaries
Tax authorities believe that the brand name is a free service given to related parties and thus subject to GST
 "Banks receive GST notices for use of brand name by branches, subsidiaries")
Top headlines: Sitharaman says no licence raj, sees buoyancy in economy
Business Standard brings you the top headlines at this hour
 "Top headlines: Sitharaman says no licence raj, sees buoyancy in economy")
India's WPI inflation remains in deflation for fifth straight month in Aug
The wholesale inflation rate was 12.48 per cent in August last year
 "India's WPI inflation remains in deflation for fifth straight month in Aug")
India's outward FDI down 33.3% in August on grim global prospects
After declining for two months, outward FDI had increased sequentially to $1.8 billion in July 2023 compared to $1.07 billion in June, marking a rise of 73 per cent
 "India's outward FDI down 33.3% in August on grim global prospects")
Fitch retains India's growth forecast at 6.3%, flags inflation risks
"The Indian economy continues to show resilience despite tighter monetary policy and weakness in exports, with growth outpacing other countries in the region," Fitch said
 "Fitch retains India's growth forecast at 6.3%, flags inflation risks")
Pulses prices stabilise as rains revive over major growing states
Centre tightens stock limit on wheat; says no shortage of sugar stocks
 "Pulses prices stabilise as rains revive over major growing states")
India's vegetable oil imports up 33% to 1.86 mn tonne in Aug: SEA
India's vegetable oil imports rose 33 per cent year-on- year to 18.66 lakh tonne in August due to lower duties and a revival of demand after a fall in domestic rates, according to industry body SEA
 "India's vegetable oil imports up 33% to 1.86 mn tonne in Aug: SEA")
Kerala's revenue collection in 2021-22 down 10% compared to 2017-18: CAG
The report, tabled in the assembly on Thursday, said that during the year 2021-22, the revenue collected by the state government decreased to 59 per cent from 69 per cent in 2017-18
 "Kerala's revenue collection in 2021-22 down 10% compared to 2017-18: CAG")
World Bank's biennial index perception based and narrow, says Centre
Earlier this year, India's rank went up by six places to reach the 38th rank out of 139 countries in the seventh edition of Logistics Performance Index (LPI 2023)
 "World Bank's biennial index perception based and narrow, says Centre")
State-owned LIC presents dividend cheque of Rs 1,831 crore to FM Sitharaman
Despite two decades of opening up of the insurance sector, LIC continues to be the market leader in the Indian life insurance market, the company said
 "State-owned LIC presents dividend cheque of Rs 1,831 crore to FM Sitharaman")
Uttarakhand to seek Rs 2.5 trn in investments at Dec business summit
Investments worth Rs 25,000 cr would have already come in before event in Dehradun, says Chief Minister
 "Uttarakhand to seek Rs 2.5 trn in investments at Dec business summit")
Supply of wheat, rice, sugar & edible oils adequate, says Food Secy
Retail prices of key essential food items, especially wheat, rice, sugar, and edible oil prices, are unlikely to see any sharp upswing in the upcoming festival season
 "Supply of wheat, rice, sugar & edible oils adequate, says Food Secy")