Page 321 - Economy

Govt announces 3 new external members ahead of key RBI MPC meet

Govt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy Committee

Gross GST collection slows to 6.5% at Rs 1.73 trillion in September

According to government data released on Tuesday, GST revenues in September last year was Rs 1.63 lakh crore, while the In August 2024, the mop-up was Rs 1.75 lakh crore

Conflict in West Asia impacting trade with Israel, Jordan, Lebanon: GTRI

To navigate these turbulent times, India must stay vigilant and adaptable to the fast-changing geopolitical and trade landscape in West Asia, the Global Trade Research Initiative (GTRI) said

Since withdrawal, 98% of Rs 2,000 notes have been returned, says RBI

The total value of notes of the denomination has reduced to Rs 7,117 crore from the Rs 3.56 lakh crore on May 19, 2023, the central bank said

DGTR initiates dumping investigation on six products imported from China

SRF Ltd has filed an application for initiation of an anti-dumping investigation on the imports of 'Rl34a', primarily used as a high-temperature refrigerant for automobile air conditioners

Ahead of festive season, 19 kg commercial LPG price hiked by Rs 48

Ahead of the festival season, oil marketing companies announced a Rs 48.50 hike in 19 kg commercial LPG cylinder prices, effective October 1. The cost of 14 kg domestic LPG cylinders remains unchanged

Govt proposes to amend Geographical Indications law, seeks comments

The government is planning to amend the Geographical Indications (GI) of goods' law and has sought comments from public and concerned stakeholders for the same.

Corporate credit robust in H1, 202 issuers got rating upgrades: Ind-Ra

Ind-Ra said that during the first half of the fiscal, large corporates saw a sharp improvement in rating upgrades. 'A' category and above ratings saw significantly lower rating downgrades

Make in India played tremendous role in latest GVA numbers: Piyush Goyal

Goyal further remarked that the world is increasingly viewing India as a manufacturing hub

Fiscal deficit in April-August at 27% of full-year target: Govt data

The fiscal deficit-the gap between expenditure and revenue-was 36 per cent of the budget estimates for the corresponding period last year

India will take a multi-pronged approach to boost exports: Piyush Goyal

Our national interest will always be paramount. We'll calibrate and balance our policies based on needs of the country, says Piyush Goyal

Core sector contracts 1.8% in a first in 42 months, shows govt data

The contraction can be attributed to a high base as well as monsoon impacting industrial activity. The growth in the output was 6.1 per cent in July 2024 and 13.4 per cent in August 2023

May retaliate if Asean non-trade barriers persist, says Piyush Goyal

As for the fast-growing quick commerce segment, Goyal said that while the government had not studied potential violations, the industry department would examine their compliance with the law

Manufacturing employment creation picked up in FY23, says NSO survey

Sector GVA also rose 7.3% Y-o-Y to Rs 21.97 trillion

Rajasthan Investment Summit: Rs 12.5 trn MoUs signed in Mumbai, Delhi

CM Sharma said Rajasthan is becoming the centre of attraction for businesses and that providing services to the investors remained his priority

5-year Cruise Bharat Mission launched: Govt eyes 1 mn sea cruise passengers

The mission includes setting up of a dedicated fund, easing of cabotage regulations and financial incentives

India's current account balance in $9.7 billion deficit in Q1FY25

Aditi Nayar, chief economist at ICRA, said, "While the CAD expectedly widened in Q1FY25, it undershot our forecast primarily due to secondary income."

Industrial sector growing at fast pace, can aim 9% growth: NITI CEO

According to the ASI data, the number of persons employed in manufacturing industries rose 7.5 per cent in 2022-23 to 1.85 crore from 1.72 crore in the previous year

Key infra sectors' growth contracts 1.8% in August, shows govt data

The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 13.4 per cent in August 2023

Total employment in manufacturing industries up 7.5% in FY23: Govt survey

The number of total persons engaged in manufacturing industries increased to 1,84,94,962 in 2022-23 from 1,72,15,350 in 2021-22