Page 338 - Economy

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

Interest equalisation scheme for exporters extended for another month

The scheme, which provides exporters interest benefits, ended on August 31. In June, it was extended for two months

Growth in new business thrusts services PMI to 5-month high in Aug

Job creation in sector 'remains solid'; companies positive about economy

Amended PNGRB Act to give legal teeth to petroleum sector regulators

CGDs say they can't hand over access capacity to new entities without more details from govt

India's US crude imports rebound as Washington tightens screws on Russia

India may have bought over $1 bn of US oil in August; increasing such shipments helps it to trim trade surplus with the US

GST Council meeting: E-invoice mandate may soon cover B2C transactions

The GST Council may propose a pilot project for voluntary e-invoicing in select sectors for B2C transactions

Revamped strategy for India's fiscal architecture in post-pandemic times

India's post-pandemic fiscal architecture should be anchored in debt and be holistic (encompassing Centre and states), dynamic (responsive to changing macro conditions), and conservative

Room for rate adjustments if food inflation decreases: Viral Acharya

Acharya explains why food inflation should not be excluded from the inflation targeting framework

From next year, EPS subscribers can withdraw pension from any bank

By harnessing advanced IT and banking technologies, it will offer a more efficient, seamless, and user-friendly experience for pensioners

Rupee at closing low; RBI intervention prevent from touching 84 per dollar

The local currency settled at 83.97 per dollar on Tuesday, almost flat compared to the previous close. The previous record low of 83.97 was hit on August 13 of the current year

E-gaming, cryptos add little in terms of social value: CEA Nageswaran

The CEA said that imposing these costs on micro, small, and medium enterprises (MSMEs) before they can stand on their own feet would be counterproductive

India's current account deficit may widen to 1% of GDP in Q2FY25: Ind-Ra

According to India Ratings and Research, India's current account deficit (CAD) is expected to rise to 1% of GDP in Q2FY25, with a 1% increase in merchandise exports and a widening goods trade deficit

Ethanol push turns India into corn importer, shaking up global mkt

India usually exports 2 million to 4 million metric tons of corn, but in 2024, exports are expected to drop to 450,000 tons

India's services sector growth surges to 5-month high in August: PMI

India August service PMI: The PMI climbed to 60.9 in August, fuelled by by increase in new domestic orders

Trai's anti-spam push: 50 firms blacklisted and 275,000 lines cut by telcos

Trai has introduced new regulations requiring telecom operators to block promotional calls originating from unregistered sources after receiving over 790,000 complaints about spam calls

GST Council to meet on Sept 9; compensation roadmap may stretch into FY26

GST Council agenda includes tax relief for foreign airlines, and clarity on a host of items such as car seats

Wide gap in literacy, employment figures for Andhra Dalit sub-groups

The Supreme Court on August 1 allowed states to create sub-categories in reservations. In this first of a three-part series, Business Standard looks at Andhra Pradesh

World Bank urges India to reconsider RCEP stance for $1 trn export goal

On the issue of the carbon border adjustment mechanism (CBAM), World Bank economist Nora Dihel said that it was a big export potential for India

Finance ministry to sell 6.78% stake in GIC Re for Rs 4,700 crore

Stake sale for non-retail investors begins on Wednesday, retail investors to bid on Thursday

FM Sitharaman meets road, telecom ministries to review budgeted capex plans

This was the first, in a series of meetings by the FM, to take stock of the progress being made by ministries with significant capital outlays in the coming days, the press statement added