Page 336 - Economy
FPIs invest Rs 11,000 cr in Indian equities in first week of September
FPIs have been on a buying spree in the Indian equity markets after the sentiments improved following comments from US Federal Chair Jerome Powell, who suggested that rate cut might be on horizon
 "FPIs invest Rs 11,000 cr in Indian equities in first week of September")
Vegetable prices shoot up in major cities as rains disrupt supply lines
The price spike might get worse as heavy rains may continue over the next few months
 "Vegetable prices shoot up in major cities as rains disrupt supply lines")
Several banks oppose draft LCR circular, say may affect loan growth
Claim it will impact retail deposits as 90% are digitally linked
 "Several banks oppose draft LCR circular, say may affect loan growth")
4% rise in pensioners availing Rs 1,000 minimum pension in FY24 under EPS
Experts attribute this increase in beneficiaries to the stagnation in wages of workers and high inflation, leading to lower contributions from subscribers
 "4% rise in pensioners availing Rs 1,000 minimum pension in FY24 under EPS")
Senior bureaucrat Tuhin Kanta Pandey designated as finance secretary
His elevation comes after elevation of T V Somanathan as Cabinet Secretary.
 "Senior bureaucrat Tuhin Kanta Pandey designated as finance secretary")
Centre to extend sugar export ban to boost local supplies, ethanol output
New Delhi also plans to raise the price at which oil companies buy ethanol from sugar mills as part of efforts to boost supplies of the biofuel, said the sources
 "Centre to extend sugar export ban to boost local supplies, ethanol output")
Nabard to tap global agencies to set up carbon fund: Chairman Shaji K V
According to a recent study by the Coalition for Disaster Resilient Infrastructure (CDRI), globally, assets worth nearly $800 billion are getting affected on an annual basis due to climate change
 "Nabard to tap global agencies to set up carbon fund: Chairman Shaji K V")
RBI may shift to neutral stance as monsoon eases food inflation concerns
Monsoon progress brightens food inflation outlook
 "RBI may shift to neutral stance as monsoon eases food inflation concerns")
Veg thali cost drops 8% in August, driven by low tomato prices: Crisil
Non-veg thali costs also reduced by 12% due to lower tomato prices, a kitchen staple in India, as well as reduced vegetable oil, spices, and fuel costs
 "Veg thali cost drops 8% in August, driven by low tomato prices: Crisil")
IMEC to cut logistics costs and boost maritime security, says Piyush Goyal
IMEC aims to boost economic development by fostering connectivity and economic integration between Asia, the Persian Gulf, and Europe
 "IMEC to cut logistics costs and boost maritime security, says Piyush Goyal")
Transfer of leasehold land: Authorities may have upper hand in GST levy
When a company sells its rights to leasehold land to a third party for the remaining lease term, the transaction typically attracts stamp duty
 "Transfer of leasehold land: Authorities may have upper hand in GST levy")
DST NIDHI scheme led to over 1,200 tech-based products, 233 patents
NIDHI-EIR programme provides opportunities for innovative entrepreneurs to expand their networks and get critical feedback on their ventures to promote their entrepreneurial career goals, aspirations
 "DST NIDHI scheme led to over 1,200 tech-based products, 233 patents")
Federal Reserve gets green light on rate cuts as US job growth disappoints
The three-month average monthly payroll rise is now down to 116,000, far less than the 200,000 that analysts say is needed to meet current job-growth needs in a population that has swelled through imm
 "Federal Reserve gets green light on rate cuts as US job growth disappoints")
US hiring rebounds slightly, unemployment rate dips amid slowing job market
Collectively, Friday's figures depict a job market slowing under the pressure of high interest rates but still growing
 "US hiring rebounds slightly, unemployment rate dips amid slowing job market")
Maharashtra leads FDI with Rs 70,795 cr in Q1FY25, Karnataka a distant 2nd
Maharashtra has held the top spot in foreign direct investment (FDI) for the past two years. Karnataka followed at a distant second, with FDI totalling Rs 19,059 crore
 "Maharashtra leads FDI with Rs 70,795 cr in Q1FY25, Karnataka a distant 2nd")
Many Scheduled Caste sub-categories have limited urban presence in Punjab
In the last of a three-part series, Business Standard looks at Punjab's Scheduled Caste population and inter-group variance on key parameters
 "Many Scheduled Caste sub-categories have limited urban presence in Punjab")
High-level delegation of US pension funds to visit India next week
These funds with $1.8 trillion AUM are looking to bet big on India
 "High-level delegation of US pension funds to visit India next week")
Meta, Telangana govt partnership for e-gov, citizen svcs leveraging AI tech
Meta will partner with the Telangana government to enable deployment of e-governance solutions leveraging Meta's open-source generative AI technologies including the latest 'Llama 3.1 model'
 "Meta, Telangana govt partnership for e-gov, citizen svcs leveraging AI tech")
GST relief on health insurance: Council likely to take up 4 options
Expected cost to exchequer likely between Rs 650 crore and Rs 3,500 crore
 "GST relief on health insurance: Council likely to take up 4 options")
Spending lag, capacity issues behind govt's capital expenditure push
The growth slowed to a five-quarter low of 6.7 per cent year-on-year (Y-o-Y) in the April-June quarter
 "Spending lag, capacity issues behind govt's capital expenditure push")