Page 394 - Economy

Rupee rises 1 paisa to 83.43 against US dollar in early trade

Forex traders said an upward movement in the crude oil prices resisted a sharp rise in the Indian currency even as investors moved cautiously ahead of the RBI's monetary policy decision.

RBI Monetary Policy June 2024: Check date, time and what to expect

RBI Policy: The six-member committee tasked with setting India's benchmark interest rate, the repo rate, will meet from June 5 to June 7

India seeks arbitration proceedings with Aus under WTO rules on services

The official said India has already communicated to the World Trade Organisation (WTO) regarding its request for arbitration on the issue

No exemption for SEZ units under the proposed Central Excise Bill

Officials get to audit businesses; duty recovery time increases to three years

Rail coal freight volume rises 9.3% on summer demand pull: Govt data

All other commodities flat or lower as rail freight grows 3.9% in May

May services growth at five-month low as domestic demand weakens

HSBC India Services PMI says firms optimistic and hiring up as input costs rise

Govt borrowing cut expectations fade as coalition govt takes shape

The bond market anticipates that the Reserve Bank of India (RBI) will continue conducting buyback auctions to manage the government's surplus cash

Passing major reforms may prove difficult for next govt: Rating agencies

Rating agencies, such as Fitch and Moody's, said broad policy continuity may persist

ARAI to invest Rs 500 cr over next 4-5 yrs to enhance H2ICE testing infra

The agency already has testing capabilities for ethanol 20 fuel-compliant vehicles

White collar hiring improves on demand from oil & gas, banking sectors

Hiring activity grew by 6 per cent in May compared to April driven by sectors like Healthcare and the Travel and Hospitality, according to the report

Tight election will increase prospect of productive reforms: CEA Nageswaran

Voters returned Prime Minister Narendra Modi for a third term but with a reduced margin that has left his Hindu nationalist party needing coalition partners to govern

Modi 3.0: Moody's anticipates steady policies but sees reform delays

The rating agency said although it projects India to grow faster than all other economies in the G20 through fiscal 2025-26, near-term economic momentum masks structural weaknesses

RBI's Monetary Policy Committee second meeting of FY25 from June 5-7

A poll by Bloomberg revealed that economists expected the India's central bank to maintain the repo rate at 6.5 per cent for the eight consecutive time

Weak majority for BJP poses challenges to reform agenda, says Fitch

Fitch however expected policy continuity to persist despite a slimmer majority

PM Modi's weaker mandate to slow India's fiscal tightening, says Moody's

India's benchmark 10-year bond yield saw its biggest surge in eight months following the poll outcome

May services growth cools to five-month low of 60.2 from April's 60.8: PMI

The final HSBC India Services purchasing managers' index, compiled by S&P Global, fell to 60.2 last month from April's 60.8, confounding a preliminary reading for a rise to 61.4

Election results: India's economic fundamentals remain robust, says Nomura

Reforms in India have generally survived the test of politics and we expect the government to continue the pace of governance and administrative reforms

Netherlands emerges as India's 3rd largest export destination in 2023-24

The Netherlands has taken over major destinations such as the UK, Hong Kong, Bangladesh and Germany

IPEF's clean economy investor forum meet in Singapore to begin on Jun 5

Commerce Secretary Sunil Barthwal, Additional Secretary in the ministry Rajesh Agrawal, and other senior officers have reached Singapore for the meet, which will start on June 5

Reforms for 'Viksit Bharat' may not fall prey to new coalition government

But, in coalition, the focus may go off specific policies such as labour codes and privatisation