Page 354 - Economy

Hiring activity up 11% in July on job market's positive momentum: Report

Coimbatore has emerged as the leader in job growth among India's Tier-II cities, with a 24 per cent increase in hiring, followed by Jaipur with a 23 per cent rise

FM Sitharaman tables Appropriation (No 2) Bill 2024 in Rajya Sabha

Sitharamam also introduced the Jammu and Kashmir Appropriation (No.3) Bill, 2024 in the Upper House, which has been passed in Lok Sabha

Over 77% of gig workers earn less than Rs 2.5 lakh annually in India

In a survey covering 2,000 gig delivery workers from 40 cities in India, nearly 20 per cent had an annual income between Rs 2.5 lakh and Rs 5 lakh

July inflation dipped below RBI's target, high base effect at play: Poll

The Aug. 2-7 poll of 36 economists forecast the consumer price index rose at an annual rate of 3.65 per cent last month, down sharply from 5.08 per cent in June

Indo-Bangla trade via Bengal land ports to normalise soon despite turmoil

Key commodities such as black stone, chillies, turmeric and wheat bran are exported to Bangladesh from the North 24 Parganas district land port

India to become third largest economy in two years, says V-P Dhankhar

The Be Vocal for Local clarion call given by the Prime Minister has economic freedom at this core, with handloom products being one of its key elements, said the Vice-President

Companies with multi-state presence to register as ISD with GST authorities

The Central Board of Indirect Taxes and Customs (CBIC) has now notified April 1, 2025, as the cut-off date for all companies with multi-state branches to register as ISD

Govt panel considering major cut to food weighting in new CPI basket

The panel, under the statistics ministry, is discussing a proposal to reduce the weight of food in the consumer price basket by as much as 8 percentage points

Bimstec members must consider phase-wise FTA for faster implementation: CII

The study also said that Bimstec countries have built a range of bilateral and multilateral free trade agreements

Relief for homeowners: Govt allows flexibility in LTCG tax calculation

Effectively gives grandfathering provision for property transactions before July 23

Despite PLI push, electronics imports top $20 bn for fifth quarter

Electronic goods include the imports of computer hardware, consumer electronics, electronics components, electronic instruments and telecommunications instruments

Commerce ministry developing e-platform to connect exporters, MSMEs, govt

Government has initiated the creation of a trade connect e-platform to connect Indian exporters, MSMEs and entrepreneurs with various stakeholders, MoS Commerce and Industry Jitin Prasada said

Bangladesh unrest not likely to impact India's overall trade balance: S&P

Bangladesh Army Chief General Waqar-uz-Zaman on Monday announced that an interim government would be taking over the responsibilities

Draft policy proposes easier lending, new mandis for FPOs; Is it enough?

India has over 24,000 functional FPOs established under the Companies Act as of March 31, 2023, with many of them being set up in recent years under the Central scheme to promote and form 10,000 FPOs

India needs capacity to deal with non-trade issues in FTA talks: Barthwal

Centre is aiming to create dedicated pool of legal experts who could provide technical inputs for enhancing India's participation in international trade and investment negotiations, Barthawal added

Govt taking initiatives to expand UPI's global reach: MoS Chaudhary in RS

RBI's Payments Vision Document 2025 has also outlined expanding the global outreach of UPI and RuPay cards as one of the key objectives under the internationalisation pillar

Banks write off loans worth Rs 9.90 trillion in last 5 years: Govt in RS

Write-off was highest at Rs 2.34 trillion during 2019-20, which came down to Rs 2.02 trillion in the following year and to Rs 1.74 trillion in 2021-22

Plugging the gap: Will upgrading 1,000 ITIs solve the skilling challenge?

While presenting the Budget, Finance Minister put 'employment and skilling' at the forefront. She also proposed aligning the course content and design of ITIs to the skill needs of the industry

GenAI adoption to add extra $675 bn to India's economy by 2038: Accenture

The research also revealed around 31% of working hours in India will be automated

Retail inflation for industrial workers eases to 3.67% in June: Govt

"Year-on-year inflation for the month of June 2024 moderated to 3.67 per cent as compared to 5.57 per cent in June 2023," a Labour Ministry statement said