Page 382 - Economy

Govt looks to enable satellite-based toll collection on NHs by FY25

Indian Highways Management Company Ltd also floated an expression of interest for the implementation of Global Navigation Satellite System across the country earlier this month

'We are positive about growth, disinflation', says RBI Governor Das

Addressing the 188th AGM of Bombay Chamber of Commerce & Industry, RBI Governor Shaktikanta Das says, "India is at the threshold of a major structural shift in its growth trajectory

Short debt's share in total external debt down 2.1 percentage points: RBI

The ratio of short-term debt to foreign exchange reserves declined to 19.0 per cent at end-March 2024 from 22.2 per cent at end-March 2023

India's inflation also K-shaped; villagers more hurt by price-rise: HSBC

Rural consumers are more impacted by price-rise than their urban counterparts, economists at HSBC said, adding it outstripped the urban segment by 1.1 percentage point in May

India's external debt rises to $663.8 bn; debt to GDP ratio falls: RBI

At end-March 2024, India's external debt was placed at $ 663.8 billion, an increase of $ 39.7 billion over its level at end-March 2023, according to RBI

SMEs divided over impact of new 45-days payment rule. Is it a boon or bane?

The new 45-day payment rule for SMEs, effective April 2024, aims to ease working capital issues. While some SMEs welcome it, others fear adverse impacts on their businesses

Power outages persist in North India amid rising demand and heatwaves

Trouble could be mounting in the intra-state systems affecting power supply as states are still unwilling to bid out the lines at prices that would attract investors to upgrade capacities

7 yrs of GST: Avg monthly mop up surge by 87% despite certain challenges

With enhanced revenues, the stage seems set for GST 2.0

Why Indians might find it difficult to cut down on their palm oil demand?

Price volatility may lead some companies to reduce palm oil consumption and seek alternatives, but its historically lower cost will likely keep it as the top choice for consumers

Water crisis may weigh on India's sovereign credit strength: Moody's

It can 'exacerbate volatility' in the country's economic growth and spark social unrest, says agency

Indian imports of Russian coal decline, US shipments surge in May

Russia's exports of all types of coal to India over the period fell 22.4 per cent from a year earlier

India expects surge in solar cell output, says will curb imports from China

In a bid to wean itself off Chinese imports, India has levied taxes on some solar components and introduced a so-called approved list of models and manufacturers

Water crisis can impact India's sovereign credit strength: Moody's

A level below 1,700 cubic meters indicates water stress, with 1,000 cubic meters being the threshold for water scarcity, according to the govt

Current account balance posts surplus of 0.6% of GDP in Jan-Mar 2024: RBI

For FY24, the net invisibles receipt was higher during 2023-24 than a year ago, primarily on account of services and transfers, RBI said

Chatroom: EO against AA can be discharged through physical/deemed exports

Rajagopalan answers SME queries related to GST, export and import matters

S&P Global Ratings retains India's growth forecast for FY25 at 6.8%

For FY26 and FY27, S&P projected India's economy to grow at 6.9 per cent and 7 per cent, respectively

South Korea trade: India did better on manufactured goods, grew at 6.4%

Electronic goods was among the fastest growing segment among major manufactured goods imported from South Korea

India records current account surplus of 0.6% on higher service exports

In the year-ago period, the current account deficit stood at $1.3 billion or 0.2 per cent of GDP, and the same was $8.7 billion or 1 per cent of GDP in the preceding quarter ending December 2023

Centre imposes stock limit on wheat to curb hoarding, stabilise prices

Single retailers, big-chain retailers, processors and wholesalers will disclose wheat stocks every Friday

S&P retains India FY25 GDP growth estimate at 6.8%; forecast lower than RBI

For the fiscal years 2025-26 and 2026-27, S&P projected growth rates of 6.9 per cent and 7 per cent, respectively