Page 91 - Economy & Policy News
Thali cost dips in October as falling food prices ease inflation
Prices of vegetables, onions, potatoes, and broilers fell in October, bringing down the average cost of a home-cooked thali and extending deflation in essential commodities
 "Thali cost dips in October as falling food prices ease inflation")
India's FY26 growth to be above 6.8% driven by GST, tax relief: CEA
The Economic Survey tabled in parliament in January had projected real economic growth of 6.3-6.8% for FY26
 "India's FY26 growth to be above 6.8% driven by GST, tax relief: CEA")
After September high, e-way bills soften 4% to 126.85 million in October
Tax experts said the month-on-month moderation in October may also reflect transitional business responses that have been observed since the GST-2 rate rationalization exercise of September 20222
 "After September high, e-way bills soften 4% to 126.85 million in October")
Frauds per transaction rising, says RBI Deputy Governor T Rabi Sankar
He said that in a truly competitive market, banks might have sought to recover these additional costs from fintechs, but doing so could have slowed the pace of technological adoption.
 "Frauds per transaction rising, says RBI Deputy Governor T Rabi Sankar")
Regulators can work together to minimise overlaps: RBI Deputy Governor
RBI Deputy Governor Swaminathan J said regulators should coordinate to reduce overlaps and close gaps without hindering innovation, calling for proportional and outcome-based regulation
 "Regulators can work together to minimise overlaps: RBI Deputy Governor")
India seeks clarity from EU on carbon tax, steel rules during FTA talks
During week-long India-EU FTA negotiations, New Delhi pressed for predictable implementation of the EU's carbon tax and proposed steel regulation to ensure balanced trade terms
 "India seeks clarity from EU on carbon tax, steel rules during FTA talks")
Calcutta HC directs immediate resumption of MGNREGA work in West Bengal
The matter was taken up by the Division Bench comprising Justice Sujoy Paul, acting chief justice, and Justice Partha Sarathi Sen, after being mentioned earlier in the day
 "Calcutta HC directs immediate resumption of MGNREGA work in West Bengal")
India's foreign exchange reserves fall by $5.6 bn as gold reserves decrease
The reserves had hit a record high of $705 billion in September 2024
 "India's foreign exchange reserves fall by $5.6 bn as gold reserves decrease")
Rapid renewables rollout vs demand mismatch driving up power costs: CEA
The country achieved 50% of its installed electricity capacity from non-fossil fuel sources earlier this year
 "Rapid renewables rollout vs demand mismatch driving up power costs: CEA")
Eli Lilly's Mounjaro tops India pharma charts with ₹100 crore sales in Oct
Mounjaro is part of a new generation of weight-loss and diabetes drugs that target metabolic hormones. Introduced in March, it was launched ahead of rival Novo Nordisk's Wegovy
 "Eli Lilly's Mounjaro tops India pharma charts with ₹100 crore sales in Oct")
Mandi prices of major kharif crops show little improvement, shows data
This could have serious implications on farmers' earnings as the kharif harvest has picked up pace since late October
 "Mandi prices of major kharif crops show little improvement, shows data")
Rajasthan govt approves land allotment in key districts for industry
The state government had already announced the one-district-one-product (ODOP) policy in December 2024, the official said.
 "Rajasthan govt approves land allotment in key districts for industry")
Nations look to India's energy transition experience for lessons: Ghosh
Arunabha Ghosh, founder & CEO of Delhi-based think tank CEEW, speaks about his role as an envoy for South Asian nations at the Conference of Parties
 "Nations look to India's energy transition experience for lessons: Ghosh")
Competition, rains drag services activity to 5-month low in October
India's services PMI slipped to 58.9 in October, a five-month low, as competition and rains slowed growth even as demand and GST relief supported business optimism
 "Competition, rains drag services activity to 5-month low in October")
India diversifies petroleum exports as traditional buyers cut sourcing
Move comes as traditional buyers of the country reduce imports
 "India diversifies petroleum exports as traditional buyers cut sourcing")
Govt to hold meet with states next week to finalise national labour policy
The Union Labour Ministry will meet state labour ministers on November 11-12 to build consensus on the draft Shram Shakti Niti 2025 and discuss expansion of social security coverage
 "Govt to hold meet with states next week to finalise national labour policy")
Chhattisgarh exports first batch of fortified rice kernels to Costa Rica
The 12-tonne export marks India's global debut in fortified rice trade, linking its nutrition mission with international markets
 "Chhattisgarh exports first batch of fortified rice kernels to Costa Rica")
Uttar Pradesh govt to provide free pulses, oilseeds to 1 million farmers
UP is among India's top agricultural-producing states. Its food grain production jumped from 55.7 million tonnes (mt) in 2016-17 to nearly 72.5 mt in 2024-25
 "Uttar Pradesh govt to provide free pulses, oilseeds to 1 million farmers")
India's services PMI eases to 58.9 in October as cost pressures cool
India's services PMI eased to 58.9 in October, marking the slowest expansion since May as competition and heavy rains weighed on growth, while cost pressures receded
 "India's services PMI eases to 58.9 in October as cost pressures cool")
Mandi prices of major kharif crops show little improvement between Sept-Oct
Prices of soybean, moong, and groundnut remained below MSPs in late October despite some recovery, prompting government action through import curbs and procurement plans
 "Mandi prices of major kharif crops show little improvement between Sept-Oct")