Page 341 - Economy

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

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

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

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

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

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'

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