Page 326 - Economy

AI likely to draw up initial list for internship scheme in October

A 'neutral panel' to select a pool of applicants after AI-based shortlisting

FPIs pump over Rs 87,000 cr into domestic equities in September quarter

FPI flows had slumped in the first two quarters (March and June) of calendar 2024 after pumping Rs 53,036 crore in the December 2023 quarter

Centre's H2 borrowing likely to stay in line with budgeted amount

May borrow around Rs 6.3 trillion during the period

Credit card delinquencies rise even as retail credit growth moderates

Balance-level delinquencies in credit card segment stood at 1.8 per cent in Q1FY25 - highest among all other credit divisions

Suez crisis: Houthi attacks disrupt India's diesel trade and oil business

Houthi missile strikes on tankers have threatened the competitiveness of Indian fuel exports, prompting out-of-the box solutions like hiring VLCCs to transport fuels

Goyal seeks investment from Australian pension funds across various sectors

Piyush Goyal also held a meeting with Tania Constable, CEO of the Minerals Council of Australia, regarding ways to strengthen collaboration in the critical minerals sector between India and Australia

Sitharaman to visit Uzbekistan from Sept 24 to 28, attend AIIB annual meet

During the visit, the finance minisrtry said Sitharaman will sign a Bilateral Investment Treaty (BIT) between India and Uzbekistan

Next meeting of IPEF's Supply Chain Council in Dec: Commerce ministry

The framework is structured around four pillars relating to trade, supply chains, clean economy and fair economy, India has joined all the pillars except the trade

Unemployment rate remains unchanged at 3.2% from July 2023 to June 2024

Six Annual Reports covering both rural and urban areas giving estimates of all parameters of employment and unemployment in both usual status and current weekly status (CWS) have been released

IPEF identifies semiconductors, minerals, batteries as critical sectors

India attends IPEF Supply Chain Council, Crisis Response Network in Washington

AI will spur jobs but repetitive roles to be impacted: Deloitte top leader

Deloitte's Romal Shetty said that while AI could create more jobs but roles involving repetitive tasks are at risk. He also stressed that while regulations are crucial, it shouldn't stifle innovation

Govt steps up buffer stock sale to control onion prices after duty removal

The government plans to increase retail sales of onions at a subsidised rate of Rs 35 per kg across India

Slowdown in business activity pulls flash PMI to its lowest levels in 2024

The rise in employment in the service sector was the steepest since August 2022

Celebrating six years of Ayushman Bharat: A beacon of health and hope

Ayushman Bharat marks six years of providing healthcare access to millions, integrating state schemes, and expanding coverage to vulnerable groups, setting the stage for a digital health revolution

New-look RBI's MPC set to take rate call amid cuts by global banks

RBI's MPC has six members - three are from within RBI: Governor, deputy governor in charge of monetary policy, and one more officer from RBI who is nominated by the central board of RBI

Centre to integrate EPFO, e-Shram database to track workforce formalisation

Move aims at tracking workforce formalisation in India

India on right track to become Viksit Bharat by 2047: FM Sitharaman

The country needs to build institutional capabilities which is to look at the strength of the banks, the infrastructure the country has and the health of the companies

Indian steel firms under pressure from rising imports, drop in exports

Global steel industry is facing a major threat due to surge in steel exports, particularly from China at predatory prices

Wheat markets not overpriced, say millers; warn against cutting import duty

The millers argue that wheat prices at current levels of around Rs 2,700-2,800 per quintal are well justified, given that the MSP of the crop has been raised

India's maiden auction for critical minerals turns out to be a dampener

Govt back to drawing board to improve prospects in future rounds, industry expects more support