Page 905 - Economy & Policy News

India's CPI inflation at 5-mth high of 7.4% in Sep; Aug IIP contracts 0.8%

For the ninth month in a row, retail inflation has remained above the Reserve Bank of India's tolerance level of 6%

Govt may bring e-commerce policy once ONDC stabilises: Report

There is also an element of data privacy in e-commerce, which Ministry of Electronics and Information Technology is looking into it and working on a law, the source said

Indian economy may grow at 6-7% in FY23 amid 'big' demand: PHDCCI

Industry chamber PHDCCI on Wednesday said going by the current trend, it is expecting the Indian economy to grow at 6-7 per cent during current fiscal year

India's debt ratio projected to be 84% of its GDP by end of 2022: IMF

India's debt ratio is projected to be 84 per cent of its GDP by the end of 2022, which is higher than many emerging economies, but its debt is a little bit easier to sustain

Top headlines: India's CPI inflation rises to 7.4%; Wipro Q2 net falls 9%

Business Standard brings you top news of the evening

Beti Bachao Beti Padhao includes skilling girls on conventional livelihood

Smriti Irani, the minister for women and child development, emphasised the significance of convergence amongst various departments for delivering high-quality education to empower girls

Rural demand in India to rebound due to multiple factors: Morgan Stanley

A combination of factors like wider opening, improving labour market and terms of trade for the rural sector will result in rural demand to rebound in India, said Morgan Stanley on Wednesday

Govt to give Rs 22,000-cr one-time grant to oil PSUs to cover LPG losses

The government will extend a one-time grant of Rs 22,000 crore to three state-owned fuel retailers to cover for the losses they incurred on selling domestic cooking gas LPG below cost

Govt may extend deadline for Cert-In cyber rules by 3 months to help MSMEs

According to Cert-In's guidelines, all enterprises, intermediaries, data centres and govt organisation are required to report any data breach to the government within six hours of becoming aware of it

Rising clout: Which countries have adopted NPCI-backed UPI payments so far

With Europe being the latest addition to the list, several countries across the globe are adopting UPI for P2P, P2M and cross-border payments

India the bellwether for global BPM industry, logs $44 bn revenues: Nasscom

India's BPM sector with revenues at $44 billion experienced double-digit growth of over 14 per cent in FY22 as compared to FY21 and accounts for nearly 40 per cent of global sourcing spend

India facing 'cacophony of factors' that may shake sovereign credit metrics

India is facing various factors that may shake its sovereign credit metrics but strong economic growth rate and external balance sheet are expected to neutralize the risks

Economy doing well despite external headwinds, Oppn criticism wrong: BJP

Party spokesperson accuses Rahul Gandhi of 'crony socialist attitude', says Kejriwal govt corrupt

Has festival cheer brought India's consumption story back on track?

The festive season is here. So, what do the sales data and other indicators of the season suggest about consumption, which has suffered due to persistently high inflation? Let's find out

IMF praises RBI for tightening the monetary policy to curb inflation

The International Monetary Fund (IMF) praised the Reserve bank of India (RBI) for tightening the monetary policy to curb inflation in the country

When everyone is slowing, India in relatively bright spot than others: IMF

When everyone is slowing down in terms of economic growth, India has not remained unimpacted, but is doing better and is in a relatively bright spot compared to others, IMF official said

Ready to talk with startups to address their concerns: Sitharaman

The government is ready to talk with the startups who are contemplating moving overseas and address their issues as much as it can to help them stay in India, Nirmala Sitharaman said

Energy rate, availability among short-term challenges for India: Sitharaman

Energy prices and availability are among the biggest problems facing the Indian economy in the near future, Finance Minister Nirmala Sitharaman said

Sitharaman says India's growth rate to be around 7% this financial year

Amidst reports of a global recession and downgrading of growth rates of almost all major economies, FM Nirmala Sitharaman forecast the country's growth rate to be around 7 per cent this financial year

Vietnam giving India a run for its money in the China Plus-One game

The smaller nation is scoring high in attracting global corporations and their suppliers