Page 773 - Economy & Policy News
PM Modi to launch projects worth Rs 38,000 cr during Mumbai visit on Jan 19
PM Modi will inaugurate and lay foundation stones for a string of projects worth more than Rs 38,000 crore aimed at developing infrastructure, easing urban travel, and strengthening healthcare
 "PM Modi to launch projects worth Rs 38,000 cr during Mumbai visit on Jan 19")
Fiscal consolidation expected on the back of lower subsidy payments
The Central government's fiscal deficit is expected to narrow to 5.9 per cent of GDP in F2024 from 6.4 per cent in F2023, Morgan Stanley said in a report
 "Fiscal consolidation expected on the back of lower subsidy payments")
Four out of five Indian professionals looking for new job in 2023: Research
The report has come at a time when the global macroeconomic environment appears uncertain and several companies move towards slowing down the hiring activity
 "Four out of five Indian professionals looking for new job in 2023: Research")
Govt may increase allocation for PLI schemes in Budget to boost exports
Under the PLI scheme, eligible players receive incentives for five years if they achieve their investment and production value target for each year
 "Govt may increase allocation for PLI schemes in Budget to boost exports")
Need to forge pacts to attain India's net-zero targets: Industry leaders
"India can be the world platform for green energy but regulation needs to be accelerated"
 "Need to forge pacts to attain India's net-zero targets: Industry leaders")
Developed world to help small farmers in developing nations: India at WEF
Developed countries should walk the talk on transforming food systems by helping smallholder farmers in developing countries with cheaper access to irrigation, fertilisers and markets, said RK Singh
 "Developed world to help small farmers in developing nations: India at WEF")
India's population may have already overtaken China's, estimate analysts
The United Nations had expected the milestone to be reached later this year. As of Jan. 18, India's population had already climbed to 1.423 billion, according to WPR
 "India's population may have already overtaken China's, estimate analysts")
Top headlines: RIL's green hydrogen biz, Sebi moots ASBA-like system
Business Standard brings you the top headlines at this hour
 "Top headlines: RIL's green hydrogen biz, Sebi moots ASBA-like system")
India's capex spending likely to slow on lower tax haul, global recession
Analysts say that as recessionary woes spread globally, India's tax collections and asset sales are likely to fall.
 "India's capex spending likely to slow on lower tax haul, global recession")
Indian diamond traders hit by rupee risks amid Russian supply woes
"The Russians are not comfortable with the rupee invoicing as far as the gems and jewelry sector is concerned," said Gem & Jewellery Export Promotion Council
 "Indian diamond traders hit by rupee risks amid Russian supply woes")
Guyana expects proposal from India for long-term crude oil purchases
Guyana and India in 2021 failed to reach an agreement for direct sales of Guyana's sweet crude to Indian state refiners
 "Guyana expects proposal from India for long-term crude oil purchases")
Maharashtra enters $2.5 bn partnership for EV battery-swapping stations
Maharashtra has entered a $2.5 billion partnership with Taiwan's Gogoro Inc and a local automotive systems supplier to build electric vehicle (EV) battery-swapping and charging stations in the state
 "Maharashtra enters $2.5 bn partnership for EV battery-swapping stations")
Inflation may be past peak but cost of living crisis far from over: Experts
Inflation is likely to have reached its peak in 2022 but there is no end in sight for the cost of living crisis, experts said on Tuesday
 "Inflation may be past peak but cost of living crisis far from over: Experts")
RMG exports fail to touch pre-Covid level; slowdown concerns remain
In November and December 2022-23, RMG exports saw a rise of 12 per cent and 1 per cent respectively
 "RMG exports fail to touch pre-Covid level; slowdown concerns remain")
Big states lag on capital expenditure front despite Centre's support
Economists say many poll-bound states chose to focus on scheme and subsidy spending
 "Big states lag on capital expenditure front despite Centre's support")
India's merchandise trade crosses the $1-trillion mark in 2022
Outbound shipments grew 13.7 per cent year-on-year (YoY) in 2022, while imports rose by 21 per cent, commerce and industry ministry's data showed
 "India's merchandise trade crosses the $1-trillion mark in 2022")
Centre planning rate changes in new income tax structure, says report
Individuals can currently decide which set of rates they want to be taxed under
 "Centre planning rate changes in new income tax structure, says report")
Premature to think India will replace China in influencing growth: Rajan
Former RBI governor Raghuram Rajan on Tuesday said it is too premature to think that India will replace China when it comes to influencing global economic growth
 "Premature to think India will replace China in influencing growth: Rajan")
Rupee slides 0.5% as importers continue to lock in dollar purchases
FPI outflows, likely RBI dollar purchases weigh on domestic currency
 "Rupee slides 0.5% as importers continue to lock in dollar purchases")
Indo-Russian joint venture begins manufacturing Kalashnikov AK-203: Rostec
An Indo-Russian joint venture has started manufacturing Kalashnikov AK-203 assault rifles in Uttar Pradesh's Amethi, a move that will lend greater firepower to the Indian armed forces
 "Indo-Russian joint venture begins manufacturing Kalashnikov AK-203: Rostec")