Page 653 - Economy & Policy News
RBI's balance sheet grows 2.5% to Rs 63.45 trn in FY23 on higher income
The size of the Reserve Bank's balance sheet increased by 2.5 per cent for the year ended on March 31 to about Rs 63.45 trillion on higher income, as per the central bank's annual report
 "RBI's balance sheet grows 2.5% to Rs 63.45 trn in FY23 on higher income")
Domestic financial markets remained orderly in 2022-23: RBI report
Reserve Bank of India (RBI) has said that in 2022-23 the domestic financial market movements remained orderly, notwithstanding persisting impact of global spillovers during the year
 "Domestic financial markets remained orderly in 2022-23: RBI report")
Growth momentum to hold amid easing inflation, says RBI annual report
At the same time, India's growth momentum is likely to be sustained in FY24 in an atmosphere of easing inflationary pressures, the RBI said in its annual report for 2022-23, released on Tuesday
Despite challenges, India will be in advantageous position in 2023-24: RBI
Reserve Bank of India (RBI) has said that domestic economic activity does face challenges from an uninspiring global outlook going forward
 "Despite challenges, India will be in advantageous position in 2023-24: RBI")
India's growth momentum likely to be sustained in 2023-24: RBI report
On the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures
India looking at low fertiliser subsidy burden, less urea import in FY24
Urea is the most widely consumed fertiliser in the country, which is followed by DAP
 "India looking at low fertiliser subsidy burden, less urea import in FY24")
Karnataka may keep additional expenditure on 5 poll promises fiscal neutral
The implementation of these promises may cost the exchequer an additional sum in the range of Rs 45,000-50,000 crore
 "Karnataka may keep additional expenditure on 5 poll promises fiscal neutral")
Checkmate for Chinese firms in India's growing reinsurance market
The insurance business, by its nature, collects enormous data about Indians and is regarded as an economically sensitive sector
 "Checkmate for Chinese firms in India's growing reinsurance market")
Won't let guard down against inflation, says FM Nirmala Sitharaman
Economists expect inflation to fall further towards 4 per cent levels - the medium-term target of the central bank - in May
 "Won't let guard down against inflation, says FM Nirmala Sitharaman")
Inspections requirements for rice export to European nations deferred: DGFT
India suspended necessary requirement of certificatin of inspection by export inspection organisations for shipping both basmati and non-basmati rice to specified European nations by six months
 "Inspections requirements for rice export to European nations deferred: DGFT")
India's urban unemployment rate falls to 6.8% in Q4, shows govt data
The jobless rate in urban areas had been on a continuous decline since the peak of 20.8% in the April-June quarter of FY21
 "India's urban unemployment rate falls to 6.8% in Q4, shows govt data")
Govt waives ISTS charges on offshore wind, green hydrogen, ammonia projects
In case a project is eligible for waiver of ISTS charges based on its original COD, the same benefit will continue to be made available if COD is extended by a BS web competent authority
 "Govt waives ISTS charges on offshore wind, green hydrogen, ammonia projects")
Unemployment rate declines to 6.8% in January-March 2023: NSO survey
Male unemployment fell to 6 per cent in Q4 from 6.5 per cent the previous quarter, while female unemployment fell to 9.2 per cent from 9.6 per cent in the October-December period
 "Unemployment rate declines to 6.8% in January-March 2023: NSO survey")
FinMin urges PSBs to settle small debt defaults by taking haircuts
Says this would enable in reduction of pending cases at DRTs and enhance recovery for banks
 "FinMin urges PSBs to settle small debt defaults by taking haircuts")
Goa meet agenda: G20 nations look at common framework to define start-ups
A finance task force will unlock financing of start-ups in general for nations to invest in these enterprises and also for cross-border investments
 "Goa meet agenda: G20 nations look at common framework to define start-ups")
Post-pandemic, a double-digit surge in India's exports to Germany
The spike, which comes amid a recession in the European nation, is led by a surge in the sale of telecom instruments
 "Post-pandemic, a double-digit surge in India's exports to Germany")
FDI equity inflows dip 22% to $46 billion in 2022-23, shows DPIIT data
The FDI inflows stood at $58.77 billion during 2021-22
 "FDI equity inflows dip 22% to $46 billion in 2022-23, shows DPIIT data")
Delhi HC rejects plea against RBI, SBI notice on exchange of Rs 2,000 notes
Petition says says exchange without a requisition slip and ID is arbitrary and irrational; RBI counsel says banking regulator's notification was a statutory exercise, not demonetisation
 "Delhi HC rejects plea against RBI, SBI notice on exchange of Rs 2,000 notes")
Rajasthan govt aims to generate over 400,000 jobs for youths in FY24
Vivek, a resident of Jodhpur, got the highest annual package of Rs 9 lakh. He got the job of a computer engineer
 "Rajasthan govt aims to generate over 400,000 jobs for youths in FY24")
India emerges as key source country for FDI into Dubai, says report
The data for 2022 showed that Dubai continued to maintain and improve its leadership position across key FDI attraction metrics
 "India emerges as key source country for FDI into Dubai, says report")