Page 285 - Economy

November PMI at 56.5 as India's manufacturing growth shows signs of strain

HSBC final India Manufacturing PMI for November matches September's eight-month low of 56.5

Home prices in India to rise 6.5% in 2025 due to demand from wealthy: Poll

After rising 4.3 per cent last year, home prices in India - broadly referring to housing in major cities - were expected to rise 7.0 per cent this year, 6.5 per cent in 2025 and 7.5 per cent in 2026

NCAP's silent crisis: Air pollution rises while funds gather dust

The NCAP set a goal of reducing PM10 levels by 40 per cent or achieving the national standard of 60 micrograms per cubic metre by 2025-26

Indian govt opposes regulating production of primary plastic polymers

This statement came as a global meeting in South Korea's Busan to finalise a legally binding treaty to combat plastic pollution ended without an agreement

Cheap Venezuelan oil to India turns costlier as traders eat into margins

Early this year, when sanctions were briefly lifted, state-run Venezuelan oil company PDVSA sold Venezuelan export benchmark Merey grade at a $20 per barrel discount to European benchmark Brent

India readies various strategies to tackle 'US first' trade policy

The government is closely assessing Trump's election speeches and actions during his previous tenure, the official told Business Standard

Net GST mopup rises 11% to Rs 1.63 trillion in Nov amid drop in refunds

Gross collection grows 8.5% to Rs 1.8 trillion

After Q2 GDP surprise, agencies downgrade India's FY25 growth forecast

Key metrics, such as goods and services tax (GST) collection, e-way bills, and toll revenues, increased in October

Govt likely to double EPF monthly-wage cap to Rs 30,000 per month

Plans afoot to bring ceiling under ESIC on a par with EPF

Flights to Kolkata from Bangladesh dwindling due to crisis, traders hit

According to officials at the Kolkata airport, the airline carried 7,391 passengers to Kolkata in July, which came down to 1,646 in November

Statsguru: Robust taxes ease burden of freebies on state governments

Often criticised as "revdi culture", these promises have become central to political manifestos across parties, as seen even in the recent Maharashtra and Jharkhand elections

UN climate summit in Baku leaves the developing world with crumbs

Unusually for a UN climate summit, COP29 was mainly about climate finance, and yet the finance mandarins were missing

GST collection rises by 8.5% to over Rs 1.82 trillion in November

In October, GST collections of Rs 1.87 trillion were the second-best GST mop-up with 9 per cent annual growth. The highest-ever collection was in April 2024 at over Rs 2.10 trillion

Petrol, diesel consumption rebounds in November on festival demand

While petrol sales had shown a year-on-year increase, diesel has been a laggard since monsoon and November was the first month that saw positive growth in consumption

Commercial LPG prices hiked by Rs 16.5, jet fuel costlier by 1.45%

This is the fifth straight monthly hike in commercial LPG price, negating the four monthly reductions prior to the current cycle that started in August

In scrutiny, you must find the courage to challenge the status quo: Adani

Adani acknowledged the scrutiny faced by his group in recent years, citing challenges such as the coal mine resistance in Australia and allegations of compliance issues in the US

Women should take benefits of schemes launched by Centre: Sitharaman

Finance Minister Nirmala Sitharaman was speaking at a credit outreach programme held in Madhubani, where loans to the tune of Rs 1,121 crore were provided to 50,294 beneficiaries by various banks

Women-centric welfare schemes account for 0.5% of India's GDP in FY25

The credit for the largest allocation in the budget for the cash transfer to women goes to Maharashtra, which has earmarked $5.4 billion, accounting for 1.1 per cent of the state's GDP

Govt pins growth hopes on Trump keeping crude prices low: CEA Nageswaran

He added that low crude oil prices would be a very important ingredient for India's growth prospects

Farm GVA recovers in Q2FY25 due to strong monsoon, shows govt data

Lays foundation for even better performance in coming quarters, opine experts