Page 318 - Economy
Living standards to see steepest rise in coming decades: FM Sitharaman
"The upcoming decades will see the steepest rise in living standards for the common man, truly making it a period-defining era for an Indian to live in," she said
 "Living standards to see steepest rise in coming decades: FM Sitharaman")
India, EU regulators in negotiations as October deadline on oversight looms
The Reserve Bank of India denied European Securities and Markets Authority's request to co-supervise Indian transactions, citing concerns over "extra-territorial reach"
 "India, EU regulators in negotiations as October deadline on oversight looms")
Veg thali cost rises 11%, non-veg thali falls 2% in Sept 2024: Crisil
A sharp rise in prices and a shortage of onions, potatoes, and tomatoes have driven up the costs of veg thalis in September 2024
 "Veg thali cost rises 11%, non-veg thali falls 2% in Sept 2024: Crisil")
India's per capita to income to increase by $2,000 over 5 years: Sitharaman
Speaking at Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman noted that while it took the country 75 years to achieve a per capita income of $2,730, the next leap will be much faster
 "India's per capita to income to increase by $2,000 over 5 years: Sitharaman")
As demand slows, PMI services growth hits a ten-month low in September
For more than three years, the index has stayed above the 50-mark separating expansion from contraction
 "As demand slows, PMI services growth hits a ten-month low in September")
From agri boost to IEA membership: Key announcements by Modi 3.0 cabinet
The Union govt has allocated over Rs 1 trillion to support two major agriculture support schemes: the PM-Rashtriya Krishi Vikas Yojana (PM-RKVY) and Krishonnati Yojana
 "From agri boost to IEA membership: Key announcements by Modi 3.0 cabinet")
India, US ink pact to cooperate on critical battery mineral supply chains
Goyal, speaking at Center for Strategic and International Studies in Washington after signing, described the MOU as a multi-dimensional partnership that would include open supply chains for materials
 "India, US ink pact to cooperate on critical battery mineral supply chains")
More people now employed in agri than before Covid, says PLFS data
PLFS data says share of manufacturing up
 "More people now employed in agri than before Covid, says PLFS data")
Cabinet rationalises agri schemes into 2; okays Rs 10K cr Oilseeds Mission
The Central share in the Rs 101,321 crore allocation is Rs 69,088.98 crore, and the state share is Rs 32,232.63 crore
 "Cabinet rationalises agri schemes into 2; okays Rs 10K cr Oilseeds Mission")
Supreme Court allows claiming input tax credit on construction expenses
Exception for commercial buildings meant for renting, leasing purposes
 "Supreme Court allows claiming input tax credit on construction expenses")
Has there been a slowdown in money supply after inflation targeting?
Apprehensions have been expressed in public domain of a slowdown in money supply on the back of an inadequate reserve money expansion and this could play a role in growth slowdown
 "Has there been a slowdown in money supply after inflation targeting?")
India, US discuss ways to strengthen critical minerals supply chain
Goyal and Raimondo also discussed opportunities to increase US investments in India, particularly in some of the new industrial cities being planned
 "India, US discuss ways to strengthen critical minerals supply chain")
Rupee depreciates 15 paisa against US dollar tracking Asian peers
The significant outflow from domestic equities further weighed on the Indian unit, said dealers
 "Rupee depreciates 15 paisa against US dollar tracking Asian peers")
Taking stock of B'desh: Visa woes slow Petrapole border's road to normalcy
Movement of people and trade between India and Bangladesh are limping back to normalcy 2 months after latter's political upheaval. The first of a two-part series is a ground report from Petrapole
 "Taking stock of B'desh: Visa woes slow Petrapole border's road to normalcy")
CareEdge assigns BBB+ to India, first Indian agency in global ratings space
The agency projects a gradual reduction in India's general government debt-to-GDP ratio, from the current 80 per cent to 78 per cent by FY30 and 73.5 per cent by FY35
 "CareEdge assigns BBB+ to India, first Indian agency in global ratings space")
Govt okays National Mission on Edible Oils-Oilseeds with Rs 10K cr outlay
The mission aims to increase primary oilseed production from 39 million tonnes in 2022-23 to 69.7 million tonnes by 2030-31, the government said
 "Govt okays National Mission on Edible Oils-Oilseeds with Rs 10K cr outlay")
RBI likely to continue using forex reserve to reduce volatility: Report
While most Asian currencies posted gains against the greenback following the Federal Reserve's larger-than-expected 50 basis point rate cut last month, the rupee has traded largely flat
 "RBI likely to continue using forex reserve to reduce volatility: Report")
RBI's new MPC members may have at least 1 favouring a rate cut: Economists
India's government on Tuesday appointed Ram Singh, Saugata Bhattacharya and Nagesh Kumar as new external members
 "RBI's new MPC members may have at least 1 favouring a rate cut: Economists")
New external members of RBI's MPC likely to keep markets guessing
Oct meeting being held amid a flurry of activities by leading central banks
 "New external members of RBI's MPC likely to keep markets guessing")
Raghuram Rajan opposes excluding food inflation in setting interest rates
Raghuram Rajan, who is ex RBI governor and currently a professor of finance at US-based Chicago Booth, said the argument against excluding food inflation is that you cannot affect it
 "Raghuram Rajan opposes excluding food inflation in setting interest rates")