Page 290 - Economy

MSMEs can boost finances with formal registration, digital payments: RBI DG

The deputy governor highlighted that despite their importance, MSMEs often struggle to secure timely and adequate credit

Govt collects Rs 16,398 crore GST on health, life insurance in FY24: FinMin

This comes amid demands from stakeholders, including states, to reduce GST rates on health and life insurance premiums

7% workforce growth expected in H2 driven by logistics, e-comm: Report

According to TeamLease Services 'Employment Outlook Report for October 2024 to March 2025', an additional 22 per cent will maintain their current staffing levels

Statsguru: Can pricier loans tame food prices in India? Debate heats up

Agricultural output and food prices in India were significantly affected in 2022-23 and 2023-24, mainly due to unpredictable monsoons and the effects of climate change

S&P Global cuts India's GDP growth forecast to 6.7% for FY26, 6.8% for FY27

S&P retained its growth projection for China at 4.8 per cent in 2024 but cut next year's forecast to 4.1 per cent

India aiming to finalise carbon deals with Japan, Singapore, and S Korea

Talks over prospective future deals also are taking place with Germany and Sweden

India bond yields may fall as US rates decline, traders await growth data

The 10-year US Treasury yield dropped six basis points in Asia trading, after US President-elect Donald Trump tapped prominent investor Scott Bessent for the position of US Treasury secretary

How govt navigates headwinds, challenges will shape the FY26 Budget

It will be the second Budget of the Modi 3.0 government and eighth straight Budget for Sitharaman, rare in Indian polity

COP29 summit: India leads Global South to reject 'unfair' finance deal

COP 29 president pushed decisions despite objections, citing procedural norms

Aligning with global audit norms key to Viksit Bharat vision: NFRA Chairman

Ajay Bhushan Pandey says the latest reforms proposed to India's audit standards are historic and long overdue

India-UK FTA talks likely to restart in January amid complex issues

Issues like labour, environment remain tricky as talks may begin in Jan

Major port cargo contracts 3.2% to 68 mt in October, shows govt data

Overseas cargo handled by these ports decreased by 5.5% to 52.9 mmt during the month

Gold prices rebound to Rs 80k-level despite Trump's aggressive trade policy

Trump's pledge to impose a 10 per cent tariff on all US imports further limits the Federal Reserve's ability to ease aggressively, adding to the downward pressure on gold, an analyst said

Impacting growth, liquidity management: Shifting sands of fiscal policy

There is a very high chance that the actual fiscal deficit target will undershoot even 4.9 per cent of GDP as there was a decline in government expenditure during the general elections

Forex reserves log sharpest weekly drop; fall $17.76 bn to hit 4-month low

The previous highest weekly fall in foreign exchange reserves was $15.5 billion, recorded for the week ended October 24, 2008, during the global financial crisis

Eyeing level playing field to cater to nation's aspirations: Priyank Kharge

The minister for IT and biotechnology and rural development and Panchayat Raj, government of Karnataka, said the state should get its share of such opportunities as it is a hub for IT services exports

COP29 Climate Summit: Climate finance draft sets stage for a clash

The final version not only keeps the role of public financing ambiguous but also tries to put the burden of making contributions on developing countries

Adani group row may test resilience of project exports from India

The government has been pushing to promote project exports and sees it as a next big opportunity

Forward guidance loses steam in downward cycle: RBI's Deputy Governor Patra

Patra said that under heightened uncertainty, discretion in forward guidance has increasingly gained legitimacy among major central banks

Indian qcom startups can be key global players: FM Nirmala Sitharaman

Sitharaman's remarks come at a time when there is a heated debate about the effect of the swift growth of quick-commerce platforms on traditional brick-and-mortar retail stores in India