Page 345 - Economy
RBI expected to finalise guidelines on project loans in 2-3 months
The Reserve Bank of India has proposed to set aside 5 per cent of the total exposure to a project till the construction of the project is on
 "RBI expected to finalise guidelines on project loans in 2-3 months")
Moody's raises India's growth forecasts, Fitch affirms 'BBB-' rating
Moody's now expects India's economy to expand 7.2 per cent in 2024 from 6.8 per cent previously, while growth for 2025 is pegged at 6.6 per cent versus 6.4 per cent
 "Moody's raises India's growth forecasts, Fitch affirms 'BBB-' rating")
India minted a new billionaire every 5 days in 2023: Hurun rich list 2024
For the first time, the Hurun India Rich List has exceeded 1,500 entries, recording individuals with wealth more than Rs 1,000 crore
 "India minted a new billionaire every 5 days in 2023: Hurun rich list 2024")
Rajasthan's industry body urges state govt for continuation of RIPS
RIPS is being introduced continuously. It was first announced in the year 2019, then it was introduced in 2022, and now a plan is being made for 2024
 "Rajasthan's industry body urges state govt for continuation of RIPS")
India likely to plan raising vegetable oils import taxes, govt sources say
A proposal has been made by the farm ministry and a final decision will be made by the Department of Revenue, which falls under the finance ministry, said another government official
 "India likely to plan raising vegetable oils import taxes, govt sources say")
Indian economy remains resilient amid global uncertainties: NCAER
The report said bank credit growth of scheduled commercial banks (both food and non-food) moderated in June 2024
 "Indian economy remains resilient amid global uncertainties: NCAER")
Union Cabinet approves 12 industrial smart cities worth Rs 28,602 cr
These projects are expected to attract investment to the tune of around Rs 1.52 trillion with the potential of generating 10 lakh jobs
 "Union Cabinet approves 12 industrial smart cities worth Rs 28,602 cr")
BS@50: The story of India's 50-year journey of high growth and development
India had started to turn corner around the time Business Standard was born. Attention to under-addressed areas can now put it on course to becoming a truly high-growth, 'high-development' economy
 "BS@50: The story of India's 50-year journey of high growth and development")
BS@50: How money has moved between Centre and states in the past 5 decades
Annual government spending has shot up. Fiscal deficit concerns remain. Between the Centre and states, sometimes one has scored over the other. An overview of government finances since 1975
 "BS@50: How money has moved between Centre and states in the past 5 decades")
BS@50: These 50 data points trace India's journey through past 5 decades
From trade numbers to consumption growth, Business Standard explains India's journey through 50 data points
 "BS@50: These 50 data points trace India's journey through past 5 decades")
Cabinet nod to Rs 6,456 cr multi-tracking project, two new lines across IR
The new line proposals will provide direct connectivity and improve mobility, providing enhanced efficiency and service reliability for the Indian Railways
 "Cabinet nod to Rs 6,456 cr multi-tracking project, two new lines across IR")
India to hold more talks over import curbs on steelmaking raw material
In June, India's federal steel ministry also wrote to the trade ministry to make clear it did not favour limits on imports of met coke, citing risks to domestic output
 "India to hold more talks over import curbs on steelmaking raw material")
No NPS rollback; UPS an attempt to improve it: FM Nirmala Sitharaman
'Fresh scheme not compulsory for states'
 "No NPS rollback; UPS an attempt to improve it: FM Nirmala Sitharaman")
MPC and Inflation: Tracking non-food retail inflation trends in India
If monetary policy cannot influence food inflation, why should it not subject its stance to non-food price spiral?
 "MPC and Inflation: Tracking non-food retail inflation trends in India")
Railways delays ambitious PPP train plan due to capacity, land issues
The Railway Ministry's public-private partnership plan to offer 150 pairs of trains has been pushed further as safety, capacity challenges remain
 "Railways delays ambitious PPP train plan due to capacity, land issues")
EPFO officials meet EPS-95 NAC members to discuss pension, other demands
The EPS-95 NAC members have been protesting to press for their demand of Rs 7,500 as monthly pension instead of an average monthly pension of only Rs 1,450 at present, he said
 "EPFO officials meet EPS-95 NAC members to discuss pension, other demands")
GST Council meet to discuss rate rationalisation on Sep 9, says FM
She also said that compensation cess on luxury and sin goods are also going to be discussed and can come up in the September 9 meeting or later
Labour Ministry to appoint actuary for valuation of PM-SYM pension scheme
The scheme has failed to pick up pace, even after more than five years since it was launched in March 2019
 "Labour Ministry to appoint actuary for valuation of PM-SYM pension scheme")
GST payers with no valid bank account barred from filing GSTR-1 from Sept 1
GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1, GST Network (GSTN) has said in an advisory.
 "GST payers with no valid bank account barred from filing GSTR-1 from Sept 1")
GDP growth rate likely to decline to 7.1% in Q1, say SBI economists
The economists said the growth in gross value added (GVA) will fall below 7 per cent to 6.7-6.8 per cent for the April-June period this year when compared to the year-ago period
 "GDP growth rate likely to decline to 7.1% in Q1, say SBI economists")