Page 340 - Economy
Ganesh Chaturthi expected to bring Rs 25,000 crore business: Industry body
Ganesh Chaturthi is projected to generate Rs 25,000 crore this year, with businesses favouring domestic goods, and a push for eco-friendly clay idols
 "Ganesh Chaturthi expected to bring Rs 25,000 crore business: Industry body")
India expected to see strong FDI inflows in coming quarters: Experts
Compared to eight years ago, power, construction, healthcare, chemicals, and non-conventional energy have now been attractive investment destinations
 "India expected to see strong FDI inflows in coming quarters: Experts")
Centre considers early rollout of social security for gig economy workers
The Ministry of Labour and Employment is urging digital gig economy aggregators to prepare for extending social security benefits to temporary and freelance workers
 "Centre considers early rollout of social security for gig economy workers")
Rupee flat as markets expect RBI support; other Asian currencies slip
While there is a small possibility that the RBI may let the currency weaken slightly below the 84 mark, runaway moves remain quite unlikely
 "Rupee flat as markets expect RBI support; other Asian currencies slip")
Crude calculations: How cheaper Venezuelan oil flows will help India
The savings that feed into its refining margins prompted Reliance to secure Washington's blessings in July to import Venezuelan oil
 "Crude calculations: How cheaper Venezuelan oil flows will help India")
India needs more trade, and being inside RCEP is better than staying out
While India's growth over the past decades has appeared impressive, the contribution of trade to that acceleration has been small and is decreasing
 "India needs more trade, and being inside RCEP is better than staying out")
US slowdown impact: Rupee may dip on risk aversion; Fed uncertainty remains
The Reserve Bank of India likely intervened on multiple occasions last week to support the rupee
 "US slowdown impact: Rupee may dip on risk aversion; Fed uncertainty remains")
FinMin clears decks for PNB, BoM to raise Rs 10,000 cr via QIP in FY25
Receives similar proposals from Union Bank of India, UCO Bank, Indian Overseas Bank
 "FinMin clears decks for PNB, BoM to raise Rs 10,000 cr via QIP in FY25")
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")