Page 385 - Economy

Govt mulls increasing frequency of unemployment data to monthly, quarterly

Developed countries typically release jobs data on a monthly basis, which is widely tracked by markets and economists to measure resilience of the economy

Adani terms Cong 1991 reforms as runway, Modi's tenure as economic take-off

"If the period between 1991 and 2014 was about putting down the foundations and building the runway, the period from 2014 to 2024 has been about the aircraft taking off," Adani said

Rs 76,000-cr Vadhavan Port project in Maharashtra gets Cabinet approval

Rs 7,453 cr viability gap fund for offshore wind energy projects okayed

India needs new poverty line for estimating extent of deprivation: Debroy

We still do not have an official (definition of) poverty line that goes beyond the Tendulkar Committee, says Debroy

Tech capable of improving our standard of living: Salesforce India CEO

India ahead in AI talent but lags in adoption of GenAI among enterprises, Salesforce India CEO Arundhati Bhattacharya said

Country's wealth will increase 1,000% in next 50 years: NSE MD Chauhan

With the help of technological advancements, India will be able to create enormous amounts of wealth in the next 50 years, said Chauhan

Centre monetised Rs 3.85 trn worth of assets as part of NMP since FY22

Vaishnaw has in the past said on the question of monetisation that railways is a public good and decisions would only be taken keeping the larger good of the masses in mind

GST Council to regularise taxation issues on host of goods, services

The Council might reject bringing MSME ice cream manufacturers under the composition scheme

Govt may finalise base year revision for CPI, IIP, GDP by end of 2024

The ministry is currently undertaking a market survey, a requirement to update the base year for CPI, as it is used to update the CPI basket

Outward remittances under LRS dips 2% in April, says RBI bulletin

According to the latest Reserve Bank of India (RBI) bulletin, the remittances under the scheme stood at $2.28 billion in April 2024, 1.98 per cent below $2.33 billion in April 2023

India-US working on to deepen collaboration in mining, critical minerals

Joint research by geological agencies, MoU on critical minerals, and tech exchange on the cards

Govt monetises Rs 1.56 trn assets in FY24, falls short of Rs 1.8 trn target

Under the NMP, the aggregate monetisation potential of the central government's brownfield infrastructure assets has been estimated at Rs 6 trillion over a four-year period, from FY22 to FY25

ESIC adds 1.6 mn workers, including 0.3 mn women, in April: Payroll data

According to the statement the provisional payroll data of ESIC reveals that over 1.6 million new employees have been added in April 2024

Rare disease patients ask for sustained funding from health ministry

LSDs are primarily treated with Enzyme Replacement Therapy (ERT), which is a lifelong treatment and can cost anywhere between Rs 17 lakh to Rs 50 lakh depending on the weight of the patient

Retail inflation steadily easing, food prices still a concern: RBI bulletin

In India, high-frequency indicators suggest the real GDP growth in Q1 FY2024-25 is broadly maintaining the pace it achieved in the preceding quarter

RBI sold net $3.6 bn in spot forex market in April: Monthly bulletin

The Indian rupee was little changed month-on-month in April but fell to its record low of 83.5750 during the month while its upside was capped at 83.15

At $7.3 billion in FY24, India's seafood exports touched an all-time high

Frozen shrimp remained the leading export item in the Indian seafood basket, generating Rs 40,013.54 crore ($4,881.27 million), while the US emerged as the top market

Goods demand slowing, global growth outlook likely to weaken: Report

Global retail sales were 'well below' pre-Covid trend observed between 2017 and 2019, it says

8th Pay Commission: Govt gets proposal for hike in DA, basic pay, pension

With a decade between each pay commissions, the next installment is expected to take effect from January 1, 2026

GST Council likely to address retrospective taxation on online gaming

Move may give relief to firms facing Rs 1.12 trn in tax demands