Page 292 - Economy

Karnataka Milk Federation launches Nandini products in Delhi-NCR market

The Federation is introducing its dairy products at a discount to key competitors' products in a bid to gain a foothold in the new market

ECBs net inflows rise to $7.9 bn in H1FY25 from $6.8 bn in H1FY24: RBI data

Analysis of the end-use of registrations showed that ECBs for import or local sourcing of capital goods were pegged at $1.3 billion in H1FY25, sharply down from $9.4 billion in H1FY24

Outward remittances under LRS drop 14.88% in H1FY25, shows RBI data

The remittances for maintenance of close relatives fell by 37.17 per cent Year-on-Year (YoY) to $1.92 billion as compared to $3.05 billion

RBI buys a net $8.52 billion in first half of FY25, says bulletin

The RBI had net sold $6.49 billion in the spot market in August. In the current financial and calendar year, the central bank has been a net seller of dollars in three months - April, June, and August

EPFO net member addition rises 9.33% to 1.88 million in September

This surge in new memberships can be attributed to growing employment opportunities, increased awareness of employee benefits and EPFO's outreach programmes, it noted

Govt prepares city logistics plan for Delhi, Bengaluru to tackle pollution

Thakur noted that the plan aligns with the government's Ease of Doing Business (EoDB) agenda and India's goal of achieving carbon Net Zero by 2070

Finance ministry directs major PSBs to fast-track re-KYC verification

Out of 53.9 crore Pradhan Mantri Jan-Dhan Yojana accounts, 11.2 crore are inoperative and 10.5 crore accounts are pending for re-KYC

Inflation other than in food sector is not a challenge: Ajay Seth

Economic affairs secy refuses to comment on rate cut, saying 'that's a monetary policy action'

India's REER in FY24 lower than consistent levels, says RBI Bulletin

In October 2024, the rupee appreciated by 1.8 per cent month-on-month (M-o-M) in terms of the 40-currency REER

Gross FDI in India rises 25.7% in H1FY25; net FDI moderates to $3.6 bn

With rising global investments in artificial intelligence start-ups, India is well-positioned to leverage its rapidly growing AI ecosystem to attract further investments and stimulate innovation

Pvt consumption back, medium-term economic outlook bullish: RBI Bulletin

Record production estimates for kharif foodgrains as well as promising rabi crop prospects augur well for farm income and rural demand, going forward

Growth likely slowed in Q2 but no significant downside risk in FY25: DEA

On capex, Seth said the government's capital expenditure may see some undershooting of the Rs 11.11 trillion in the current fiscal year

India, Australia firm up clean energy partnership; pushing mega trade pact

Both sides are keen to build on the momentum created by the Economic Cooperation and Trade Agreement (ECTA) which was signed in 2022

India-UK FTA talks: Both sides seek to bridge gaps to close deal swiftly

Starmer and PM Modi met on the sidelines of the summit in Rio de Janeiro on Monday

GDP growth likely to slip to 6.5%, FY25 growth estimate at 7%: ICRA

The RBI is sticking to its estimate of 7.2 per cent growth for the fiscal, but a majority of watchers expect it to be under the 7 per cent

Coal plants in India set to miss pollution goal as smog chokes Delhi

About three-quarters of the coal-fired generators near major cities are set to miss a year-end deadline to install equipment to curb sulfur-dioxide emissions

India, UK to relaunch FTA talks in 2025, 'address remaining issues'

Announcement follows first meeting between Prime Minister Modi and his British counterpart during G-20 summit in Brazil

PLI scheme subsidy payouts to eligible companies remain in the slow lane

The government has disbursed close to Rs 4,000 crore or around a fourth of its annual subsidy payment estimate to the eligible beneficiaries under the 14 PLI schemes

PMAY-G survey to use 'face recognition' tools to identify new beneficiaries

So far, under the scheme, around 29.5 million houses have been sanctioned, out of which around 27 million have already been constructed

India meets 72% of G20 2023 goals, slips below bloc average and 2022 levels

This theme underscored the importance of a united global approach to tackling challenges like climate change, sustainable development, and financial stability