Page 359 - Economy

Draft guidelines may impact banks' existing LCR by upto 300 pps: CRISIL

Last week, RBI proposed to tighten norms related to liquidity coverage ratio by increasing the run-off factor to 5 per cent for retail deposits

Union Budget 2024-25, J&K Budget passed in Lok Sabha by voice vote

The Union Budget and Budget for J&K was passed by a voice vote by the Lok Sabha as well as relevant appropriation bills were also passed by the House

FTA talks with Japan, Korea, Asean moving slow, India still pursuing: Goyal

Goyal added that the Modi government signed four free-trade pacts (Australia, Mauritius, EFTA, and the UAE) after holding a series of consultations with stakeholders

ADB to give $200 mn loan to India for solid waste management in 100 cities

ADB's support will upgrade and establish solid waste processing and management facilities such as bio-methanation plants and composting plants

Will consider EU suggestion; come up with whatever good for industry: Goyal

Goyal said the ministry would consider the EU's suggestion and come up with whatever is good for the Indian industry and for the people

No rethinking on supporting Chinese investments in India: Piyush Goyal

The Survey, he said, is not at all binding on the government and there is no thinking on supporting Chinese investments in the country

Reserve Bank of India must retain focus on food inflation, say economists

The prescription for inflation-minus-food found mention in the government's pre-budget Economic Survey published last week

Government estimates its total debt to increase to Rs 185 trn in FY25

The total debt stood at Rs 171.78 trillion, or 58.2 per cent of the gross domestic product (GDP), at the end of March 2024

On the table: Fitment panel working on 2 sets of 3-slab GST structure

The panel is working on two options to keep prices of essential goods in check

Centre plans to hold workshops for states on labour code sensitisation

West Bengal, Meghalaya, Nagaland, Lakshadweep, and Dadra and Nagar Haveli are yet to formulate rules under any of the codes

Customs duty cut on silver likely to give Centre breather for now

Move may help check spurt in imports from UAE under CEPA

Purvodaya scheme for 5 states: Will the sun finally shine on the east?

A comparative look at the five states in the Purvodaya scheme

India's economy likely to record over 7% growth in FY25, says NCAER

Union Budget 2024-25 lived up to the expectations of unwavering commitment to fiscal consolidation, prudence, and quality, NCAER director general Poonam Gupta said

FM Nirmala Sitharaman to review RRBs' performance after Budget session

The RRBs were established in 1975 under the provisions of the Ordinance promulgated on September 26, 1975, and the Regional Rural Banks Act, 1976

SC stays Gujarat HC order reinstating anti-dumping duty on imported PTA

PTA is used to make products containing polyester such as sportswear, swimsuits, jackets, sofas, curtains, and car seat covers

Govt in talks with labour unions to get them on board for labour laws

To streamline operations and move towards universal social security, the government has consolidated 29 central labour laws into four labour codes

Rupee hits a fresh low of 83.74/$ due to month-end dollar demand

In July so far, the rupee has depreciated by 0.4 per cent, against 0.1 per cent in June

RBI revokes unrestricted access for FPIs to new 14-year and 30-year bonds

Currently, foreign investors hold around $1 billion worth of existing 30-year bonds

Andhra Pradesh CM Naidu suggests 'P4' model to resolve wealth concentration

At NITI Aayog meet, Andhra CM says job creation should be a national priority

Negotiating teams to restart FTA talks with India as soon as possible: UK

Department for Business and Trade (DBT) said it also plans to publish a trade strategy which aligns with government's industrial strategy, enhances economic security and supports net zero ambitions