Page 620 - Economy & Policy News

India's manufacturing PMI softens slightly to 57.8 in June from 58.7 in May

'Client interest' continues to support industry and helping growth of output and employment, it says

Soon, you may be able to use the same QR codes for e-Rupee and UPI payments

The interoperability between e-Re and UPI QRs will be implemented only at the front end

Weak rural labour market pushes India's unemployment rate above 8%

The unemployment rate jumped to 8.45% in June from 7.68% in the previous month, according to the Centre for Monitoring Indian Economy Pvt. While unemployment in urban areas eased to 7.87% last month

PMI manufacturing: Factory output drops to 57.8 in June from 58.7 in May

According to S&P Global, the overall level of business confidence rose to a six-month high in June

Top headlines: HDFC Bank to become top weight, FPI inflow hit 10-month high

Business Standard brings all the latest headlines at this hour

India's oil imports from Russia climb to new peak as buying limit nears

Daily volumes climbed to 2.2 million barrels a day in June, rising for a 10th month, according to Viktor Katona, the head of crude analysis at Kpler

Yen tentative, dollar soft as traders weigh US Fed rate hike path

The yen weakened 0.03% to 144.38 per dollar in early Asian hours to kick start the second half of the year having dropped 9% against the dollar in the first six months of the year

Remarkable feat: Uttar Pradesh's economy grew faster than many big states

Multidimensional poverty has come down to 18 per cent in 2015-16 compared to 36 per cent in 2005-06, indicating high inclusive growth

India's transition to less polluting fuels faster than in other countries

The government reportedly is moving to encourage electricity grid battery production in India, which can make renewable energy supply a more stable source of power

Rules of origin delay FTA tariff discussions with European Union

India for conservative norms, but EU wants more liberal criteria

The net-zero approach of major exchanges to trade in carbon credits

A carbon credit can be issued by any project or entity that saves on emissions

PM to chair meeting of Council of Ministers on Monday amid reshuffle buzz

The Monday meeting is expected to be held at the newly built convention centre at Pragati Maidan here, which will host the G20 summit in September

Monsoon covers India six days ahead of the schedule, shows IMD data

The earliest the monsoon covered the entire country in the past 24 years was in 2013 -- on June 16

Electric vehicle makers in talks with Centre on battery decoupling policy

The EV industry seems to be geared up for the change

Slight pause: India's crude oil imports from Russia decline in June

India paid around $70 per barrel in May for Russian crude on a delivered basis, according to Indian Customs data

G20's halfway mark: Diplomats are pessimistic about a communique

More than six months into India's Presidency of the G20, most diplomats are pessimistic about a communique - the Delhi Declaration - emerging from the summit. ADITI PHADNIS writes

Weak discretionary spend likely to weigh on IT cos' revenue in Q1

BFSI, telecom feel the pinch; Ebit margin too may shrink

Commerce Ministry to meet exporters over declining exports on Monday

The commerce ministry has called a meeting of exporters on Monday to take stock of the situation, as the country's outbound shipments have been contracting for the last four months, an official said

Over 12k fake entities in GST; CBIC plans biometric authentication

CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters who are misusing the PAN and Aadhaar of other people to obtain GST registration

Delhi govt collects Rs 1,700 cr in excise duty, VAT in April-June quarter

The Delhi government's Excise department has earned nearly Rs 1,700 crore in excise duty and value added tax in the first quarter of 2023-24, official data showed