Page 313 - Economy

FM Sitharaman meets Mexican minister on backdrop of bilateral trade summit

During the meet, Finance minister commended the strong performance of the Mexican economy in the last six years following prudent fiscal policies

India, Germany to ink pact on labour mobility, skill recognition next week

Pact will help the Indian workforce to move into non-traditional sectors like teaching, nursing and manufacturing

Indian banks in Canada fear biz loss amid ongoing diplomatic tensions

According to government data, about 427,000 students are studying in Canada. Banks feel they could face potential impact if this key segment of their customer base shrinks

India and China should join hands to grow together: Justin Yifu Lin

At this stage you have an abundant supply of young laborers. And competitively, the wage rate in India is less than high medium income countries

Rajnath Singh urges private defence firms to make India technology hub

Several cutting-edge indigenous technologies developed under the TDF scheme were handed over to the users, including DRDO and the armed forces

India's forex reserves fall by $10.75 billion to $690.43 billion

Gold reserves decreased by $98 million to $65.658 billion during the week, the RBI said

Economic activity shows dynamism but at moderated pace in Q2: NCAER-NSE

The survey said after improving for two consecutive quarters, business sentiments moderated in the second quarter of 2024-25 (134.3) compared to the first quarter (149.8)

Rising deficit and debt puts Indian states under fiscal strain: NSE Report

Fiscal consolidation measures such as managing contingent liabilities, improving fiscal transparency, and enhancing the fiscal credibility of SDLs needed to address states' financial challenges

Expanding bond market to ease capital needs key to India's $5 trn goal

Nothing illustrates that challenge better than the Rs 47 trillion ($559 billion) corporate bond market. It's one of the world's smallest as a percentage of gross domestic product, at just 16 per cent

India's crude oil import bill surge 12% in H1 FY25 amid domestic slump

Crude oil imports amounted to 120.5 million tonnes between April and September, representing a 4 per cent increase from the 115.9 million tonnes imported during the corresponding period last year

RBI cracks down on shadow banks over high-interest loans, rule violations

The Reserve Bank of India ordered four shadow banks to stop sanctioning new loans because of high interest rate charges to customers

Sitharaman invites Mexican firms to collaborate with startups, institutions

Discussions focused on boosting cooperation in technology and innovation, with the goal of expanding collaboration between the two countries

Indian bond yields expected to rise ahead of debt auction, US yields impact

Data showed US retail sales rose 0.4 per cent last month, above the 0.3 per cent estimate of economists polled by Reuters, and after an unrevised 0.1 per cent gain in August

India's growth rate among shiniest parts in world economy: Ajay Banga

He said a lot of that growth is in India, is driven by the domestic market as well, which actually is a healthy sign

India's trade with Africa may take a hit if Iran-Israel conflict widens

The commerce department is closely tracking the conflict between Iran and Israel and any development related to the same is under its radar

India poised to be 3rd largest economy, rising population a challenge: S&P

It said emerging economies have high ambitions for the next decade and beyond with India aiming to become a $30 trillion economy by 2047

Direct tax-GDP ratio hits 24-year high of 6.64% in FY24, shows data

Direct tax mopup rises 18%, outpacing economic growth; buoyancy at 2.12

Half of India to have 5G mobile subscribers by 2030, projects GSMA

This unprecedented growth in 5G subscribers in India will also lead to a massive expansion of data consumption, impelling Indian telcos to make large investments

Indian coastal vessels may not need trading licence for operations

Coastal Shipping Bill, 2024, gets Cabinet nod; foreign vessel rules from 2018 proposed to be revoked

BIT by bit: How new India-UAE trade pact may reset future investment talks

India's revised approach to bilateral trade now includes a three-year local remedy clause in the UAE pact which could impact future investment