Page 269 - Economy

Forex reserves decline by $8.4 billion of $644 billion as of Dec 20

The decline in reserves is due to both intervention and revaluation effects

RBI allows interoperability between PPIs like wallets for UPI payments

Currently, UPI payments are interoperable such that a user can use any TPAP to transfer funds

Govt plans to borrow Rs 3.9 trillion via treasury bills in Q4FY25

Market participants said that the gross borrowing amount was higher than expected

Manmohan's legacy as PM: Goodwill earned in 1st stint, but slips in the 2nd

Economic data shows history will be kinder to him for his first term rather than second

List of defining reforms under Singh as finance minister, Prime Minister

RTI passed to empower citizens to seek information from public authorities, promoting transparency during his tenure as PM

Rural, urban consumption inequality dips during Aug 2023-July 2024: Govt

Consistent with the trend observed in HCES:2022-23, non-food items remain the major contributor to the household's average monthly expenditure in 2023-24

Current account deficit narrows to at $11.2 bn in July-September: RBI

The current account deficit stood at $11.2 bn, or 1.2 per cent of GDP in the reporting quarter, compared with a revised deficit of $11.3 bn or 1.3 per cent of GDP in the same quarter a year ago

Forex reserves drop to over seven-month low of $644.39 bn as of Dec 20

The reserves declined by $8.5 billion in the reporting week, logging their biggest weekly fall in over a month. They had declined by a total of $5.2 billion in the prior two weeks

Year 2025 to transform coal sector with first exchange, gasification & more

India's coal production is set to increase by 8 to 10 per cent in the coming years, driven by growing electricity demand and increased contributions from captive mines

Budget 2025: Govt may cut income tax rates to lift consumption, says report

The move could benefit tens of millions of taxpayers, especially city dwellers burdened by high living costs, if they opt for a 2020 tax system that strips exemptions like housing rentals

India eyes $25 billion export opportunity in US amid China tariff dispute

These sectors include electronics and electrical equipment, footwear, textiles and garments, furniture and home decor, automotive components, toys, and chemicals

Monetary policy stance may have led to demand slowdown in H1: Finmin review

India's economic growth slowed more sharply than anticipated in the July-September period of FY25, dropping to a seven-quarter low of 5.4 per cent

Over 600k loans worth Rs 27,000 cr disbursed on ULI platform: RBI report

ULI is a platform that facilitates access to financial and non-financial data, streamlining credit underwriting and creating frictionless customer journeys for a diverse range of borrowers

NBFCs need to further diversify funding sources to mitigate risk: RBI

Reduction in NBFCs' reliance on banks for funds bodes well for financial stability, RBI says

CCI to intervene selectively, considering sector-specific dynamics

The annual report noted that the rapid rise of digital markets based on new business models have emerged as challenges for the regulator

Exporters ask for Rs 750 cr to target US market amid China's tariff woes

The demand has come at a time when there is an expected policy shift in the US by President-elect Donald Trump, who wants to impose higher tariffs on Chinese goods

When innovation meets purpose: AI in US-India collaborative vision

The two countries must ensure that the critical technology remains a trusted, positive force for human progress and global prosperity

Economic growth seen at 6.5% in FY25, RBI policy pushed down demand: FinMin

In its monthly economic review, the Finance Ministry cited the RBI's monetary policy stance among the reasons for the slowdown in the first half of FY25

Year in Review: How inflation pinched pockets of Indian households in 2024

Indian households grappled with soaring prices in 2024 as inflation strained budgets and reduced purchasing power. High inflation rate cut into savings and curbed discretionary spending of consumers

Formal sector new hirings drops 20.8% in Oct, EPF additions hit 7-month low

"The increase in female member additions is indicative of a broader shift towards a more inclusive and diverse workforce"