Page 376 - Economy
Madhya Pradesh's Khargone chillies set to spice up the world markets
Chillies are cultivated in more than 45,000 hectares of area of the district
 "Madhya Pradesh's Khargone chillies set to spice up the world markets")
India's forex reserves decline $1.71 bn to $651.99 bn, shows RBI data
In the previous reporting week, the overall kitty had dropped USD 2.922 billion to USD 652.895 billion. The reserves had touched an all-time high of USD 655.817 billion as on June 7 this year
 "India's forex reserves decline $1.71 bn to $651.99 bn, shows RBI data")
Only 7% of MSME credit to women; low female labour force limits growth: RBI
RBI executive director Nigam said there also need to up credit supply to women, pointing out that only 7 per cent of overall outstanding loans to micro, small and medium enterprises to women-led biz
 "Only 7% of MSME credit to women; low female labour force limits growth: RBI")
Bihar cancels tenders worth Rs 3,600 cr issued by Mahagathbandhan regime
These tenders were related to the rural water supply works, including the installation of hand pumps and mini water supply systems, an official said
 "Bihar cancels tenders worth Rs 3,600 cr issued by Mahagathbandhan regime")
India must use its cultural wealth to be global economic power
Cultural economic governance assumes great importance at the stage of policy formulation and its implementation
 "India must use its cultural wealth to be global economic power")
FSIB invites applications for deputy managing director in IIFCL
According to an official notification, the last date for submitting the completed online application is July 31
 "FSIB invites applications for deputy managing director in IIFCL")
DPIIT close to finalising model to launch Producer Price Index in India
Producer price index may eventually replace WPI
 "DPIIT close to finalising model to launch Producer Price Index in India")
Electric vehicle scheme norms to be rolled out soon, but no Tesla update
Fund issues may have come in way of EV major's plan
 "Electric vehicle scheme norms to be rolled out soon, but no Tesla update")
Budget 2024 wish list: RBI to hear demands of MSMEs on Monday
Central bank wants to understand initiatives that may be viable for the sector
 "Budget 2024 wish list: RBI to hear demands of MSMEs on Monday")
RBI bumper payout to curb major divestments, govt keeps Rs 50k cr target
Care Ratings said the new government will retain the interim budget's Rs 50,000 crore target on receipts from divestments
 "RBI bumper payout to curb major divestments, govt keeps Rs 50k cr target")
Centre sacrificed large sum of GST revenue to compensate states: Former CEA
GST was rolled out on July 1, 2017, subsumed 17 taxes and 13 cesses into a 5-tier structure, thereby, simplifying the tax regime
 "Centre sacrificed large sum of GST revenue to compensate states: Former CEA")
'Humbling moment': Economist NK Singh receives LSE Honorary Fellowship
The awarding of an Honorary Fellowship acknowledges and celebrates those who have made an exceptional contribution to LSE and its global community
 "'Humbling moment': Economist NK Singh receives LSE Honorary Fellowship")
Dr Reddy's Lab pushes the pedal to touch 1.5 billion patients by FY30
The company also announced that it will work together with the United States Food and Drug Administration (USFDA) to launch the biosimilar rituximab in the US
 "Dr Reddy's Lab pushes the pedal to touch 1.5 billion patients by FY30")
LNG imports set to slump as monsoon hits power demand: S&P analyst
The South Asian nation bought some 2.6 million tons of the fuel last month, its highest since October 2020, according to Kpler data
 "LNG imports set to slump as monsoon hits power demand: S&P analyst")
Unemployment rate rises to 8-month high of 9.2% in June: CMIE data
Rural areas continue to experience higher unemployment rates, with joblessness growing to 9.3 per cent in June 2024 from 6.3 per cent in May 2024 and 8.8 per cent in June 2023
 "Unemployment rate rises to 8-month high of 9.2% in June: CMIE data")
As crude oil prices rise, rupee falls 5 paise to 83.54 against US dollar
Forex traders said a positive trend in domestic equities, wherein benchmark indices touched all-time high levels and significant foreign fund inflows supported the rupee and restricted the fall
 "As crude oil prices rise, rupee falls 5 paise to 83.54 against US dollar")
Not politics, not interest rates: India's economy at risk from water
The shortages are affecting rural and urban Indians alike, disrupting agriculture and industry, stoking food inflation and risking social unrest
 "Not politics, not interest rates: India's economy at risk from water")
World at cusp of ushering India era as we gain developed status: NK Singh
The world is at the cusp of ushering in an India era as the country's growth trajectory moves towards a developed nation status by 2047, leading economist and policymaker N K Singh has said.
 "World at cusp of ushering India era as we gain developed status: NK Singh")
GPAI members reaffirm commitment to human-centric, reliable AI to all
The mid-year summit of the GPAI members welcomed Serbia as incoming chair of grouping
 "GPAI members reaffirm commitment to human-centric, reliable AI to all")
India initiates anti-dumping probe into import of Chinese lift guide rails
Anti-dumping probes are conducted by countries to determine whether domestic industries have been hurt because of a surge in cheap imports
 "India initiates anti-dumping probe into import of Chinese lift guide rails")