Page 377 - Economy

India pitches for strengthening quality standards for spices at global meet

According to an official statement, India, as a member elected on a geographic basis (Asia), is participating in the 86th session of the Executive Committee (CCEXEC) of Codex Alimentarius Commission

Fed officials at last meeting saw price pressures in decline, minutes show

Data released on June 12 showed the CPI had not risen at all in May on a month-to-month basis

From fighters to copters, how R&D powers HAL's Himalayan-altitude flight

In the first of a two-part series on India's indigenous aerospace industry, Business Standard traces HAL's pioneering research and development

Budget FY25: MSMEs may get 180 days to repay loans before NPA tag

Current bad loan classification period is 90 days

GST revenues: The fate of the compensation cess amid Centre-state row

There's no reason for the cess to be retained in its current form. That's because the cess rates themselves are monstrously complicated, varying not only in magnitude but also according to end-use

India's rating upgrade likely in 2 years if fiscal deficit falls to 4%: S&P

The central government estimates to bring down fiscal deficit to 5.1 per cent of the GDP in the current fiscal, from 5.63 per cent in 2023-24

Poverty declines to 8.5% in 2022-24 from 21.2% in 2011-12: NCAER paper

The paper titled 'Rethinking Social Safety Nets in a Changing Society', authored by Sonalde Desai of NCAER, used data from the newly completed Wave 3 of the India Human Development Survey

June services PMI rises on back of new orders, international sales

'Staffing levels' increase at fastest pace since August 2022, according to survey

Tier-II,-III cities can contribute to Karnataka's economic growth: CII

The 'Beyond Bengaluru' initiative is expected to empower Tier-II and Tier-III cities by enhancing the ease of doing business, implementing skilling programmes, and promoting energy efficiency

Rs 44k cr push for India-made global brands in electronics, semiconductor

A key distinction in the task force's proposal is its focus on benefiting Indian companies exclusively, a departure from the PLI scheme that involves significant participation from global players

RBI governor Das asks banks to strengthen governance, risk management

The governor also noted the continued improvement in banks' asset quality, loan provisioning, capital adequacy, and profitability

Centre may hike transfers to farmers under PM Kisan, MGNREGA: Elara Capital

It added that the Centre is likely to retain the fiscal deficit target of 5.1 per cent for 2024-25 with a possibility of a downward revision of 10 basis points

GST Council decisions to be incorporated in the Finance Bill: CBIC Chief

CBIC Chairman Sanjay Kumar Agarwal said at the 53rd GST Council meeting rate rationalisation was proposed on some goods and services

US weekly unemployment claims rise, pointing to labour market slowdown

Initial claims for state unemployment benefits rose 4,000 to a seasonally adjusted 238,000 for the week ended June 29, the Labor Department said on Wednesday

Revenues of top 18 states to grow 8 to 10% this financial year: CRISIL

The growth will be primarily driven by robust GST collections and devolution of finances from the Centre according to the report

Urban consumer sentiment at a 60-month high; rural areas less optimistic

Rural consumer sentiment is at its lowest level in FY25

India faces high debt, but sustainable for now: NCAER director-general

NCAER Director General Poonam Gupta said India's high debt levels are sustainable for now because of higher real or nominal GDP and as most of the debt is held in rupee

GST's revenue performance: Centre's sacrifice for cooperative federalism

Over the past few years, most commentators have rightly emphasised the tensions in Centre-state fiscal relations, pointing especially to the Centre's repeated recourse to non-sharable cesses

RBI moots rationalisation of norms for export, import transactions

According to draft norms, every exporter should furnish a declaration specifying the amount of the full export value of the goods or services

Priority sector tag needed for women-led rural enterprises: World Bank

Recommends institutional reforms to support growth and contribution of women's entrepreneurship