Page 308 - Economy

Strong demand for premium products persists despite inflation pressures

Amid shifting retail dynamics driven by India's quick commerce boom, premium products are moving off shelves faster across all channels

Centre's fiscal deficit at 29% of FY25 target; capex challenges loom

Rising tax revenues and RBI dividend boost receipts

Core sector grows 2% in September; refinery and cement lead gains

For the first time in 42 months, the output of the core sector has contracted (-1.6 per cent) during August.

Brics+ share in merchandise exports can overtake G7 by 2026: EY India

The October edition of EY Economy Watch reveals a significant shift in global trade dynamics, with the BRICS+ group rapidly increasing its share in merchandise exports and imports

India's agri-exports slip slightly, but rice and meat shipments show growth

Basmati rice exports rose sharply by 11 per cent between April and September 2024, compared to the same period in FY24 reaching $2.87 billion, aided by the recent removal of the minimum export price

Pillar Two tax regime unlikely soon as India proceeds with caution

It is proceeding cautiously and is unlikely to implement the rules anytime soon

Privatising banks is essential: Arizona State University Economist Mehra

Mehra said that the bureaucracy is not going to voluntarily do anything that diminishes its influence

Nearly 50% of construction workers' welfare cess funds unutilised

As on March 31, only Rs 64,193 crore was spent on workers' welfare, while Rs 47,800 crore remained unutilised

Growing strong: 60% gold reserves held domestically, shows RBI data

In the last five years, RBI gold reserves have increased from 618 metric tonnes to 854 metric tonnes

Fireworks ban: Sellers refuse to let their business bomb this Diwali

Several states have imposed formal restrictions ranging from limiting hours to manufacturing, storage, sale, and use

Delays in India's carbon trading scheme raise concerns amid UN warning

Delays in setting up a carbon market in India have become a pressing concern now, especially after a UN body warned this week of the perils of going slow on emission reductions

India fastest growing major economy, soon to become 3rd largest: Prez Murmu

Addressing an event in Delhi, she said the Indian economy had been demonstrating resilience in the face of geopolitical challenges and the country's economy was likely to grow tenfold by 2047

Spanish President affirms aid for India's energy security, green transition

He also said that the country is eager to advance negotiations for a free trade agreement (FTA) between India and the European Union

Coal, Power ministries plan winter coordination to prevent power shortages

While summer marks peak power demand across the country, with aggregate demand going beyond 250 GW on some days this year, winter highs also need to be watched

Rural demand rises but urban areas 'slow down'; will it impact GDP growth?

While rural demand has shown an uptick, rising food inflation and a slowdown in credit growth pose challenges, potentially dampening the country's growth in the second quarter of 2024-25

Expansion of AB PM-JAY: A ray of hope for vulnerable elderly patients

This scheme will provide free healthcare treatment worth Rs 5 lakh per family for their elderly members

Germany's Rhenus Group eyes cargo operations in inland waterways

These barges, estimated to be worth $10 million each, will be brought in from overseas, but the firm eventually would tap into the local supply chain

Urban demand stress under watch, festivals may boost consumption: FinMin

H1FY25 growth driven by rural demand, agriculture, services, and stable external sector

India in cyclical slowdown, RBI's 7.2% estimate 'overly optimistic': Nomura

The brokerage said it sees "rising downside risks" to its GDP growth estimates of 6.7 per cent in the ongoing FY25 and 6.8 per cent in FY26

Positives outweigh negatives in economy: RBI Governor Shaktikanta Das

Says action against NBFCs in the best interest of customers