Page 380 - Economy

Significant progress in SDGs, yet challenges remain: Mospi report

Report highlights gains in health, education; gaps remain in wage equality, waste

16th FC Chair Panagariya calls for permanent data portal for continuity

He said that each finance commission has to start the work on data afresh and a data portal will resolve that issue and bring continuity

Mospi sets up 26-member committee to decide new base year for GDP

The Advisory Committee on National Accounts Statistics to review data sources, align GDP with inflation and industrial indices

RBI using alternative data sources for economic insights: Shaktikanta Das

World from moving from 'era of data scarcity to abundance', says central bank governor

RBI raises limit for short-term borrowing for states, UTs from July 1

The RBI provides WMA to states banking with it to help them tide over temporary mismatches in the cash flow of their receipts and payments

Forex reserves rise by $810 mn to $653.7 bn as on June 21: RBI data

The Reserve Bank of India (RBI) intervenes in the foreign exchange market to curb excess volatility in the rupee

India and US extend 2% digital tax pact on e-commerce till June 30

In October 2021, India and the US came to terms to settle differences with respect to the equalisation levy, commonly known as the digital tax

Bumper RBI bonus trims April-May fiscal deficit to 3% of FY25 target

Fiscal deficit at Rs 50,615 crore in April-May FY25, according to CGA data

India to discuss silver import spike with UAE amid growing concerns

West Asian nation now India's largest source of silver imports

High level of technical compliance, but follow-up needed: FATF on India

Finmin says it demonstrates the overall stability and integrity of the financial system

Jharkhand cabinet hikes free electricity entitlement to monthly 200 units

The Jharkhand cabinet on Friday approved a proposal to increase entitlement of free electricity from 125 units per month to 200 units per month for domestic consumers, an official said.

Noida Film City to create 50,000 jobs, benefit millions indirectly: UP govt

It said the construction on the Uttar Pradesh Chief Minister Yogi Adityanath's dream project will commence within six months, and within three years film shooting and related activities will begin

EPF withdrawal benefits extended to members with under 6 months of service

The move is expected to benefit more than 700,000 EPS members every year who leave the scheme with less than six months of contributory service

State bonds, treasury bills supply for Q2 along the expected lines

States and Union Territories also plan to borrow up to Rs 2.63 trillion through state government securities over the same period

RBI bonus trims April-May fiscal deficit to 3% of entire FY25 target

The fiscal deficit in the corresponding period last year was 11.8 per cent of the budget estimates at Rs 2.1 trillion

Core sector growth slows to 6.3% in May due to output deceleration

For the first two months of this financial year, growth in the output of the core industries stood at 6.5%

India, US extend 2% digital tax on e-commerce supplies till June 30: FinMin

On October 21, 2021, the US and Austria, France, Italy, Spain, and the UK reached a political compromise on the transitional approach to the unilateral measures in force while Pillar 1 is implemented

Govt's gross liabilities up 3.4% at Rs 172 trn by March: Finance ministry

This represented a quarter-on-quarter increase of 3.4 per cent in the fourth quarter of 2023-24, said the public debt management quarterly report (January-March, 2024)

GDP growth expected to slow down modestly this fiscal year and next: Poll

Most economists expect the government to maintain a broad path of fiscal consolidation

RBI scrutinises NBFC key management payouts under new compensation policy

A key feature of the exercise will be adherence to norms on the proportion of variable pay in total compensation