Page 371 - Economy

Indian refiners likely saved at least $10 bn due to discounted Russian oil

Russia started offering its crude at discounted prices after the Western nations imposed cuts on their oil imports from Moscow in a bid to put pressure on the Russian economy over the Ukraine war

GeM procurement hits Rs 1.24 trn in Q1, set to be world's largest in FY25

Government e-Market (GeM) has over 150,000 government buyers and over 6,200,000 sellers and service providers offering a wide range of products and services

Full Budgets tend to realign fiscal deficits set in interim Budgets

Analysis of fiscal trends since 1991 reveals that full Budgets typically reduce fiscal and revenue deficits set in interim budgets, with notable exceptions during economic crises and major reforms

Budget Watch: FinMin confident of sticking to fiscal deficit of 5.1% of GDP

However, this path may not be as easy for the government to tread

India's path to economic success lies in powering services sector: Rajan

The former RBI governor argues that India should prioritise improving education and health care services through decentralisation and local empowerment to achieve better outcomes

Retail inflation for industrial workers eases to 3.86% in May: Govt

The Consumer Price Index-Industrial Workers (CPI-IW) was 3.87 per cent in April 2024, a labour ministry statement said

Need to find out practical solutions of problems facing states: NITI member

Virmani further said in a democracy one has to recognise specific problems and find out pragmatic solutions

Union Budget 2024-25: Here're key challenges in electronics & semiconductor

Increasing domestic value addition and balancing jobs by improving organic competitiveness

Own Account Enterprises rose by 6.5 mn between 2010 and 2023: NSO data

Contrarily, total number of workers employed by OAEs declined by 1.81 million to 67.95 million in this period

From 68k crore, trade deficit in telecom has dropped to 4k cr: Scindia

Telecom gear sales crossed Rs 50,000 crore, exports at Rs. 10,500 under PLI, DoT said

India-EFTA FTA: Goyal to meet Swiss investors on on $100-bn FDI commitment

The minister's visit to Switzerland will also see discussions on the ratification of the trade deal by both sides

Four PSU banks present dividend cheques worth Rs 6,481 cr to govt

"Smt @nsitharaman receives a dividend cheque of Rs 2,514.22 crore for FY 2023-24 from Shri Debadatta Chand, Managing Director & CEO -@bankofbaroda," the finance ministry said in a post on X

Telecom equipment production sales cross Rs 50,000 crore under PLI scheme

Within three years, the Telecom PLI scheme has attracted investments of Rs 3,400 crore, with telecom equipment production exceeding Rs 50,000 crore, govt sources reveal

Official employment data masks India's jobs problem, say economists

The jump in employment cannot be equated to the creation of formal jobs with regular wages

Consumer price inflation seen up in June due to soaring vegetable prices

Prices of tomatoes, onions, and potatoes - staples in every Indian kitchen - surged by double digits last month as extreme heat, heavy floods in northern states disrupted agricultural production

RBI red flags 'lakhs' of accounts used for fraud and evergreening

Says nudging NBFCs to enhance disclosure quality

India, Russia target $100 billion bilateral trade by 2030, FTA with EAEU

Peace talks do not succeed in the midst of bombs, guns, and bullets: PM Narendra Modi

From 2030, only India-made ships likely in coastal, inland waterways ops

Govt to come up with new shipbuilding policy as part of 100-day plan

Union Budget 2024-25: Here are the key challenges in the MSME sector

Unavailability of collateral to raise funding

Increase participation in financial inclusion schemes: FinMin to pvt banks

On June 25, the DFS asked public sector banks (PSBs) to revive inoperative accounts under the Pradhan Mantri Jan Dhan Yojana