Page 322 - Economy

India's fiscal deficit for Apr-Aug at Rs 4.35 trn, 27% of full-year target

Net tax receipts for the period were 8.74 trillion rupees, or 34% of the annual target, compared with 8.04 trillion rupees for the same period last year, according to the data

Statsguru: FPI investments rise on India's strong growth outlook, IPO boom

Net investments by FPIs reached a five-quarter high, with a net inflow of over $11 billion as of September 26 in the July-September quarter (Q3) of calendar year (CY) 2024

Driving towards net zero: India's strategic push for sustainable trucking

India's net-zero carbon strategy has focused intensely on sectors such as automotive, power, steel, aviation, cement, and agriculture, which collectively contribute significantly to carbon emissions

NITI Aayog to overhaul schemes for SC/STs, minorities & vulnerable groups

The Development Monitoring and Evaluation Office of NITI Aayog has sought proposals from consultancy firms to support the evaluation of Centrally Sponsored Schemes

After Sebi, Parliament committee to conduct CCI's performance review

The Public Accounts Committee of Parliament, chaired by Congress leader KC Venugopal, has decided to assess the performance of regulatory bodies established by Acts of Parliament this financial year

Smartphones overtake diamonds in India's exports to US, shows data

Nearly 50% of India's FY24 outbound iPhone shipments went to US

CCI's latest merger overhaul may push deal timelines, increase filings

The amendments bring welcome changes like shorter assessment timelines and CCI hearings, but experts believe they may hinder ongoing deals and increase workload

Mechanism to control GST fraud in ITC claims expected in November

In FY24, Central GST officers booked 9,190 cases involving fake ITC worth Rs 36,374 crore

ELI schemes likely to favour large companies, Labour Ministry told

Employer bodies share concern as part of stakeholder meet with govt

Rupee steady against US dollar in CY24, weakens vs euro and pound

Experts say RBI's action in dollar market may had an impact

Rajasthan CM Bhajanlal gives approval to investment promotion scheme

New and emerging sectors like aero and space, defense, drones, semiconductors, agri-tech and waste recycling have also been included in the policy

Goyal holds discussions with 140 firms getting production-linked incentives

The minister engaged with 140 companies out of the 1,300 manufacturing units across 14 sectors, which have been the beneficiaries of the scheme

Govt mulls new regulatory mechanism for FDI supervision and oversight

India is a major destination for foreign direct investments given its 1.4 billion market, stable policies, demographic dividend, good investment returns and skilled workforce

FPIs inflow hit 9-month high in equities in Sept, surpasses Rs 1trn mark

FPI inflows are likely to remain robust, driven by global interest rate easing and India's strong fundamentals

Govt needs to promote labour-intensive industries for jobs: Raghuram Rajan

Rajan was asked whether the Indian economy, which is growing at 7 per cent, is creating enough jobs

Centre lifts ban on export of non-basmati white rice, traders hail move

The government has also reduced the export duty on parboiled rice to 10 per cent from 20 per cent, the notification said

Jan-Jun FTAs in India at 4.78 mn, B'desh, US top sources: Tourism ministry

Figures showed that inbound tourism in the country is trailing the pandemic levels

Top 1% tax filers account for over 54% of short-term capital gains

No. of individuals reporting STCG has risen 10-fold to 4.58 mn in 11 years

Foreign exchange reserves hit fresh high, inch closer to $700 billion

The previous record of $689 billion was hit in the week ended September 13. The total reserves rose on the back of an increase in foreign currency assets which rose by $2.05 billion during the week

Rising issuance of CPs, CDs likely to keep money market rates elevated

This surge in CD issuances is driven by quarter-end reporting, as funds raised through CDs are included under aggregate deposits, the report highlighted