Page 303 - Economy

No place as fascinating, interesting as India on development journey: CEA

He talks about issues ranging from the United States election results and growth in gross domestic product to agriculture and his experience of having a ringside view of the Indian economy

BS BFSI Summit: RBI action on some NBFCs warranted, says K V Kamath

Kamath said that the Reserve Bank of India's action on unsecured lending and non-banking finance companies (NBFCs) was warranted

BS BFSI Summit: Free trade effective in theory, not in practice, says CEA

India need not worry about trade battles driven by climate policies, Nageswaran said in his keynote address at the Business Standard BFSI Summit on Friday

Amnesty scheme for customs, easier taxes on India Inc's Budget wishlist

Industry body FICCI sought the introduction of an "amnesty scheme under customs" as a one-time settlement scheme to clear past dues

India's decision to opt out of RCEP agreement strategically sound: GTRI

"Had India joined RCEP, the situation could have worsened drastically, as it would face zero-tariff imports from China, risking further imbalance," GTRI said

Inflation in India to rise further to 5.81% on rising food costs: Poll

Annual retail inflation as measured by the CPI likely rose a second straight month to 5.81% in October, the highest since August 2023, says Reuters poll

India needs to navigate US sanctions on certain cos to safeguard biz: GTRI

To prevent future sanctions, India may plan to tighten export controls, offer clearer business guidelines, and ensure stricter compliance, it said

BFSI Summit 2024 highlights: RBI's caution against unsecured lending is appropriate, says KV Kamath

Business Standard BFSI Summit highlights: Catch all the updates related to the BFSI summit here

BS BFSI Summit: Tracking food inflation as well as US Fed, say economists

BS BFSI Summit: While food inflation is a prominent factor in India's economic policy, global influences, particularly from the US Fed, cannot be overlooked, say economists at Business Standard summit

Steel imports from China increases 36.7% in H1FY25, shows govt data

China exported 1.4 million metric tons of steel to India during the period, up 36.7% from a year ago

India will become $35 trillion economy in next 25 years: Piyush Goyal

"Prime Minister Narendra Modi has rightfully said the 21st century is India's century. He also said that the 21st century has stopped being small. What we do today best and the biggest," Goyal said

India to release GDP data 90 minutes earlier at 4 pm, to align with markets

The first GDP data release under the new schedule is set for November 29, covering the second quarter of FY25

Education: The secret sauce that helped China in beating India at growth

Thanks to a 50-year head-start in exposure to Western learning, India had a student population that was eight times bigger than China's at the turn of the 20th century

Federal Reserve cuts key interest rate by 25 bps to support economy

Officials voted unanimously to lower the federal funds rate to a range of 4.5% to 4.75%. The adjustment follows a larger, half-point cut in September

India's smartphone market becomes second largest globally by unit volume

In Q3 smartphone shipments, India accounted for 15.5 per cent of global shipments, second only to China, which led with a 22 per cent share

Rupee hits another low on rise in crude oil prices, equity selloff

Caution ahead of the US Fed meet outcome weighs on currency

Trump's comeback: Govt in wait-and-watch to study regime change in US

The Trump-led regime's stance on India's laptop and IT hardware import policy is expected to remain the same, he said, adding that India should take action if it deems fit.

Crude benefits, climate woes may be in store as Trump takes hot seat

COP29 may be impacted, where it is feared there will be no representation from leading nations

BS BFSI Summit: Esma being extra-jurisdictional is RBI's stand, says DG

He also spoke about how the RBI is looking to internationalise the Unified Payments Interface, and the plans for the Unified Lending Interface and central bank digital currency

Reimagining agriculture's role in economic development and growth

An agriculture worker in China generates merely one-fourth of the income generated by a non-agricultural worker. India and Vietnam are close to China while Indonesia shows lower disparity