Page 396 - Economy

Strong economic base to help new govt make India a developed nation by 2047

Robust tax revenues, a fast expanding digital and financial infrastructure and a strong manufacturing sector will give the new government a base for unleashing next generation reforms

Financial markets were given artificial booster dose by exit polls: Cong

The party is committed to an orderly and healthy development of the financial markets that reflect the fundamentals of the economy, said Congress.

FY25 begins with tepid work demand under MGNREGA, shows govt data

In April 2024, around 21.51 million households sought work under the scheme, which was 10.59 per cent lower than the number of households who sought work under the scheme in April 2023

Heatwave drags manufacturing growth to three-month low in May: PMI data

But the sector remains in expansionary territory in May. Manufacturing employment rose to one of the greatest extents seen since data collection started in March 2005

Lucknow gears up for an international business conclave on June 15-16

The International Business Conclave 2024, organised by the state's Associated Chambers of Commerce and Industry (Assocham), will focus on trade with Gulf, Asian, European, and Latin American countries

Bond, rupee strengthen as exit polls predict comfortable majority for NDA

The Reserve Bank of India (RBI) intervened in the foreign exchange market to mop up dollars to contain volatility in the exchange rate, said market participants

New govt expected to 'push the accelerator' on reforms: Assocham President

Nayar also pointed out that it is necessary for investment growth to propel the supply side in order to get a balance "between cyclical consumption-driven growth and inflation."

India's May factory growth slips to 3-month low, but remains sturdy: PMI

The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, dipped to 57.5 in May from April's 58.8, below a preliminary estimate of 58.4

Test of endurance: Narendra Modi's second lap outruns Manmohan Singh's

But 10-year returns finish line still elusive

MPC likely to maintain status quo for eighth time in a row: BS poll

Respondents cite moderate inflation data, outlook for food prices, high growth

Post FAME-II: EV sales dip on incentive cuts, polls, and hybrid shift

Sector experts suggest that the sharp decline could be due to a combination of factors such as changes in government policies, customers shifting interest towards hybrids, and general elections

Tax dispute intensifies over marketing and ad expenses of MNC subsidiaries

The tax authorities argue that these AMP expenses incurred by MNC subsidiaries enhance the value of trademarks or brands owned by the foreign parent entities

Manufacturing telecom gear in India may get a Rs 3,000 crore push

TTDF aims to fund R&D in rural-specific communication technology applications

CBIC steps up its vigil over imports of unbranded gold jewellery

Amid spurt in seizures of gold jewellery; monitor gold shipments under free trade pact

India's CAD may show dip in Q4 as net exports hit 11-quarter high

IDFC First Bank in a recent report said in FY25, it estimates CAD at 1.3 per cent of GDP compared to 0.7 per cent of GDP in FY24

MPS norm: FinMin may extend August deadline for PSBs, insurance firms

Five PSBs are planning to reduce government stake to less than 75%

As order book grows, capital goods, engineering cos firm up capex plans

Nine of the large engineering and capital goods companies combined have a capex of roughly Rs 11,500 crore or more under way

Monetary policy: RBI unlikely to cut interest rate on June 7, say experts

The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for June 5 to 7. The decision will be announced on June 7

India's power usage rises 15% to 156.31 bn units in May due to extreme heat

The highest supply in a day (peak power demand met) also rose to an all- time high of 250.07 GW in May 2024 against 221.42 GW in the year-ago month

India receives highest FDI from Singapore in 2023-24, Mauritius follows

Though FDI from Singapore has dipped by 31.55 per cent to $ 11.77 billion in 2023-24, India has attracted the maximum inflows from that country