Page 847 - Economy & Policy News

Robust activity in services sector holds up 6.3% GDP growth in Q2

GDP grew 7.6 per cent in the September quarter of FY23 over the comparable period in FY20, which was before the pandemic

Govt plans pilots on new direct benefit transfer model for fertilisers

Currently, the version of DBT in fertilisers involves farmers purchasing their fertilisers through point of sale (PoS) devices after undergoing Aadhaar authentication

Govt temporarily defers sale of AAI's residual stakes in 4 JV airports

The AAI holds 26 per cent stake each in joint ventures that operate Delhi and Mumbai airports

RBI authorises Tamilnad Mercantile Bank to undertake government business

Private sector lender Tamilnad Mercantile Bank (TMB) on Wednesday said it has been authorised by the Reserve Bank of India to undertake government business on behalf of the banking regulator

Investors want more of India as it improves infra: Goldman Sach's Sengupta

India has consistently attracted annual foreign direct investments of $50 billion to $55 billion, even in the pandemic, Sengupta said

Economy will grow over 6.8% in FY23, says CEA V Anantha Nageswaran

While on the growth outlook of the next financial year FY24, he said he is optimistic on the growth story than many of global agencies forecast

In 2022, world-topping $100 billion in remittances have come to India

Remittance flows to India will rise 12 per cent to reach $100 billion this year, according to a World Bank report published on Wednesday

Wheat, flour prices soar, expected to remain high till new crop arrives

In the past one month, prices of wheat and flour have soared by 5% and 4%, respectively, and commodity watchers expect them to remain high till the new crop arrives

Green pathways present a $1.6-trn investment window: World Bank report

The report also suggests adopting climate-responsive cooling techniques in both private- and government-funded constructions

Sebi brings in net settlement of cash, F&O segment upon expiry of stock

Capital markets regulator Sebi on Wednesday introduced the mechanism of net settlement of cash and Futures & Options (F&O) segment upon expiry of stock derivatives

Exploring ways to bring policies for supporting startups: TN IT Minister

The Tamil Nadu government is exploring the possibilities of bringing in policies aligned to support startups and overall technology ecosystem, state Minister T Mano Thangaraj said on Wednesday

FM Nirmala Sitharaman confident of strong growth, low inflation in 2023

Sitharaman declined to describe specifics from the letter, but added that the government's top three priorities for 2023 will be "growth, health and education."

ESMA deadlock: European regulator's interference unfortunate, says RBI DG

"Potential disruption to the forex markets can be serious"

Registration of properties in Mumbai rises 15% to 8,756 units in November

Registration of properties in Mumbai municipal region rose 15 per cent this month to 8,756 units on higher demand despite an increase in interest rates, according to Knight Frank India

Discoms' dues to gencos down by Rs 24,000 crore on back of loan scheme

But cumulative dues remain at a high of Rs 1.13 trillion

Core sector output growth slows to 20-month low of 0.1% in October

Output accelerated by only 0.1% in October; 4 of 8 core industries reported production contraction

India on track to achieve 6.8-7% GDP growth this fiscal, says CEA

The Indian economy is on track to achieve a 6.8-7 per cent GDP growth in the current fiscal, Chief Economic Advsior V Anantha Nageswaran said on Wednesday

Retail inflation for industrial workers eases to 6.08 pc in Oct, shows data

Retail inflation for industrial workers rose to 6.08 per cent in October from 6.49 per cent in September 2022 mainly due to lower prices of certain food items, according to the govt data released

Economic uptick boosts credit offtake beyond 20% in retail, services

The rise in credit was largely driven by housing and vehicle loans segments

Govt envisions doubling MSME sector's contribution to economy: Minister

The government envisages doubling the contribution of India's micro, small and medium enterprises sector to the economy by realising its full potential, Union Minister Bhanu Pratap Singh Verma said