Page 337 - Economy

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

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

Rupee inches closer to 84 against dollar on high greenback demand

Closes at new loan of 83.99/$

Companies raise concerns over subsidy refund in proposed ELI scheme

Companies oppose the requirement for employers to refund subsidies if employees leave within 12 months

Soon, tyre companies to pay for flouting waste management guidelines

These measures aim to enhance accountability and ensure proper waste tyre disposal. However, sector experts say while monitoring compliance is difficult, the real challenge lies in enforcing the law

Foreign portfolio investors turned net buyers in second half of August

After regaining their risk appetite, FPIs pumped money into consumer durables and information technology (IT) stocks. Power and metals stocks saw the maximum net outflows

Piyush Goyal for border adjustment tax to safeguard steel industry

Union Commerce and Industry Minister Piyush Goyal's statement comes at a time when the steel industry is seeking protection from imports at predatory prices

UK, India launch major Infrastructure Financing Bridge to strengthen ties

This committee will oversee the implementation of the initiative, focusing on projects such as national highways, regional rapid transport systems, and renewable energy ventures

Expect new members in MPC to be appointed in time, says RBI Guv Das

Das said the meeting of the Monetary Policy Committee (MPC) -- scheduled to take place from October 7 -- can only take place when the members are in place

India seeks review of UAE trade deal amid spike in silver, gold imports

India is reviewing its trade deal with the UAE as a surge in silver and gold imports raises concerns over tariff concessions, value addition norms, and govt procurement commitments under the CEPA

RBI Guv headed FSDC reviews overall macroeconomic, financial developments

It also reviewed issues relating to inter-regulatory coordination in the Indian financial sector, the RBI said in a statement after the 31st meeting of the FSDC Sub-Committee

Switzerland govt submits EFTA-India trade agreement to Parliament

In 2018, after EFTA and Indonesia signed an FTA, a Swiss non-government organisation Public Eye highlighted deforestation in Indonesia for palm tree cultivation as well as the death of orangutans

India-UK FTA talks delayed as new British govt yet to form negotiation team

The FTA talks have yet to resume because the UK has not yet appointed its negotiating team, but the process is likely to be finalised soon

Gig hiring to soar by 20% in festive season, e-commerce may lead: Indeed

Several industries are reporting marked increase in demand for seasonal workers, with e-commerce leading the trend with a 35 per cent rise in demand, followed by logistics, retail, and quick commerce

Nazara Tech partners with Telangana govt for AI centre of excellence

Nazara Technologies has signed a landmark Memorandum of Understanding (MoU) with the Government of Telangana, the release by Nazara said

India's power emissions must peak by 2026 to align with Paris pact

The world's third-biggest emitter needs $12.4 trillion in investment to reach net zero ahead of its official target of 2070, BNEF said in its New Energy Outlook for India

GDP to expand 7.2% in FY25 despite lower Q1 growth, says RBI Guv Das

Das said agriculture should perform better during the rest of the year due to a good monsoon and aid a further pick-up in rural demand

UK-India sign new infrastructure financing bridge agreement in London

The UK-India Infrastructure Financing Bridge (UKIIFB), agreed during the UK Economic and Financial Dialogue (EFD) in September last year, has now been operationalised

World Bank's suggestion to join RCEP based on flawed projections: GTRI

For developing countries like India, policy decisions must be rooted in real-world data and a thorough understanding of the long-term implications, it said

RBI board reviews global, domestic economy, associated challenges

The Board also reviewed various areas of operations of the Reserve Bank of India including the functioning of Local Boards and activities of select central office departments, RBI said