Page 315 - Economy

Economists delay India rate cuts to 2025 after Sept retail inflation spike

Food inflation, which accounts for nearly half of the consumption basket, rose to 9.24 per cent in September, compared to 5.66% a month prior

Voltas, Daikin, and Orient among 38 white goods PLI scheme bidders

According to Sanjiv, joint secretary, Department for Promotion of Industry and Internal Trade (DPIIT) the latest round will attract investment worth Rs 4121 crore

Games of skill vs Games of chance: Framework looks to clarify difference

Will be sent to Meity for feedback to be added to 2nd draft

India-Canada diplomatic row: No impact on bilateral trade in goods so far

The bilateral merchandise trade between India and Canada actually grew slightly from $8.3 billion in 2022-23 to $8.4 billion in 2023-24

RBI policy of not allowing crypto is a good approach: Amiyatosh Purnanandam

He said that the government needs to incentivize good long term risk taking by banks to push private investments

Overall Cargo volumes expected grow 9-11% to 3.7 MT in FY25: ICRA

The overall cargo volumes are expected to see a year-on-year growth of 9-11 per cent to 3.6-3.7 million tonnes this fiscal year, the ratings agency said

GST compensation cess to be discussed at GoM meeting on Wednesday

During the 54th GST Council meeting on September 9, Finance Minister Nirmala Sitharaman indicated that the government plans to fully repay the loan, including interest, by January 2026

Retail inflation rises to 5.49%, highest in CY24; WPI inflation up as well

Higher food prices, fading base effect behind surge

India seeks consultations with Turkiye on safeguard measures on polyester

It said that India would like to propose that consultations take place virtually on October 10 or 18 or on a mutually convenient date and time

India less export-oriented, US tariff hike won't impact nation: Fitch

Fitch has conducted an analysis of the potential effects on global growth of higher US tariffs

India expects 708 GW demand by 2047; 2,100 GW power generation capacity

As per official data, India's total power generation capacity stood at around 453 GW as of September 30, while the government's projection for peak power demand this year was 260 GW

India's coal import rises 11% to 121.1 million tonnes in Apr-Aug period

The country had imported 108.7 MT coal in the corresponding period of the previous year

Voltas among 38 applicants in PLI scheme's 3rd round for white goods

Among the applicants, 20 are for AC components (Rs 3,679 crore) and 18 for LED Lights (Rs 442 crore)

RBI pitches for reducing cost, time of cross-border overseas remittances

Under bilateral arrangements, cross-border payment linkages have already been established by India with Singapore, UAE, Mauritius, Sri Lanka, Nepal, etc

Indian markets gave better returns than China in last 5 years: Sebi member

On its part, the capital markets regulator is trying hard to ensure that fund-raising clearances are done early so that there is a steady stream of quality paper supply in the market

Inflation horse brought to the stable, has to be kept on a tight leash: RBI

While the September inflation print may see a significant pick-up as base effects turn adverse and food prices register an upturn, food inflation, the RBI said, is expected to ease by Q4:2024-25

Sharp spike in food prices bumps WPI inflation to 1.84% in September

Food price inflation surged to 11.53 per cent during the month compared to 3.11 per cent in August, data released by the Ministry of Commerce and Industry on Monday showed

States cut spending by 6%: Is public capex at risk of major slowdown?

Capital expenditures across 18 states declined by 6% year-on-year between April and August in FY25, totalling Rs 1.67 trillion, down from Rs 1.78 trillion during the same period the previous year

Counting the cost of Bihar's liquor prohibition on state's revenue, others

The alcohol ban in the state, in force for nine years now, has not impacted education spending much, but literacy outcomes leave a lot to be desired

India advances in 6G race, ranks among top six in global patent filings

Starting Oct 15, Delhi will host the World Telecommunications Standardisation Assembly providing a forum for delegates from 190 countries