Page 348 - Economy

India's GDP growth slowed down to six-quarter low of 6% in Q1 FY25: ICRA

The credit rating agency expects India's GDP to grow by 6.8 per cent for the full fiscal year 2024-25, lower than the 8.2 per cent achieved in 2023-24

China's extreme weather takes bite out of produce as prices rise sharply

Soaring food prices this summer present an additional headache for the world's second-largest economy, which is already wrestling with thorny problems from sluggish factory output and joblessness

India biz activity extends robust growth streak in August: HSBC Flash PMI

The flash services PMI index rose to 60.4 this month from 60.3 in July, while a preliminary manufacturing PMI showed strong growth, albeit slightly weaker than last month

Kitchen staple onion prices remain above Rs 45/kg, supply shortages persist

Many onion traders are holding back their stock, anticipating further price increases due to the potential for heavy rainfall in October and November, which could disrupt supply

Non-ferrous metal products to have 5% recycled content from FY28

This initiative aims to reduce the country's dependence on primary resources and mitigate the environmental impacts of mining

Ponzi like model of P2P lenders prompt crackdown, RBI finds high NPA

Violations of regulatory guidelines were confirmed through supervisory scrutiny; the regulator dealt with some of these platforms bilaterally for remedial action

India, Africa should target $200 bn trade in next 7 years: Piyush Goyal

Goyal said as many as 33 countries do not participate in the duty free tariff preference (DFTP) scheme of India

NHAI repeals 100m exemption rule for new toll plazas amid regulatory issues

In May 2021, the highway authority had introduced these provisions for projects where project reports were in progress and land for toll plazas was yet to be acquired

FM Sitharaman urges regional rural banks to reduce high attrition rates

RRBs were established regionally and are oriented towards rural areas, with capital contributed by the Government of India, state governments, and sponsored banks under the RRB Act, 1976

Labour ministry launches centralised portal for construction workers

Preparedness of states/UTs with respect to harmonisation and finalisation of draft rules under the four new labour codes also reviewed

DSR method of paddy growing: Benefits and controversies surrounding it

Direct seeding of rice is a cultivation method where paddy seeds are planted directly into the soil, eliminating the need for nursery growth and transplanting, which require fully watered conditions

Employment growth in corporate sector declined to 1.5% in FY24: BoB report

Trading witnessed growth in employment even while sales declined

EPFO will migrate to new IT platform in 3 months: Labour minister

Over the next few months, the implementation of the EPFO 2.01 Project will ease the processes and turnaround time for various member and employer transactions

Centre has done far better in reforms, states need to pull up: Subramanian

It is time now that state governments also work hard in giving us reforms, good policies, not just freebies, he added

Andhra to unveil integrated renewable energy policy, courts investors

The policy will cover solar, wind, hybrid energy storage, green hydrogen and its derivatives, biofuels, and electric vehicle charging infrastructure

Use simpler language in tax notices, don't instil fear: FM tells officials

Advising the income tax officers not to take "disproportionate" action and use enforcement measures only, as the last resort, Sitharaman said tax officers should use "power judiciously"

June sees rise in female workforce participation amid 1.92 mn new EPFO jobs

Around 59.14% of new members in June 2024 were aged 18-25, which reflects a trend where the majority of individuals seeking to enter the organised workforce are young, mostly first-time job seekers

Tamil Nadu garnered Rs 9.74 trn investments, created 3.1 million jobs: CM

Ahead of his visit to the United States next week to woo investors, Stalin on Wednesday unveiled a slew of new projects worth Rs 68,773 crore that would generate 1 lakh jobs in the state

Ministries set to miss deadline? Govt's 100-day programme faces uncertainty

The government's 100-day timetable is set to conclude by mid-September, yet very few departments are publicly updating their progress toward meeting their targets

No need for tax clearance certificate for most travelling abroad: CBDT

Only specific cases are required Income-tax Clearance Certificate, clarifies the Central Board of Direct Taxes