Page 403 - Economy

North-East states, J&K lead in adopting Aadhar-enabled transactions: Report

North-eastern states and Jammu & Kashmir are increasingly adopting Aadhar-enabled financial services, according to a report.

S&P revises India's outlook to 'positive', maintains 'BBB-' rating

S&P rating aligns with similar ratings from other global agencies, including Fitch and Moody's, which also assigned the lowest investment grade rating to India but with a stable outlook

LS elections: PM Modi needs tough reforms in 3rd term to lure foreign firms

Even with an improvement in business sentiment, there's been no major boost in actual investment yet

Lok Sabha election winner will first need to repair household balance sheet

A trifecta of slow wage growth, elevated interest rates, and heavy borrowing by the average household has weakened the spending impulse of more than 300 million families

New non-farm jobs in Q2FY23: Higher than Q1 but below Omicron-hit Q4FY22

But in first half of the FY, new hirings halved compared to Omicron-hit H2 of FY22

FPIs turn net debt buyers in May ahead of JP Morgan index inclusion

10-year G-sec yield softens 20 bps in May so far

Govt, experts talk SOPs for contemporary issues under modern FTAs

There were also suggestions that FTAs can be used as tools to enhance supply chain resilience, ensuring stability and sustainability in trade relationships

GST Council's fitment committee likely to consider dropping 12% slab

Revamped GST rates may be implemented this financial year

The port company meant to deliver India's strategic objectives abroad

India Ports Global Limited will be operating ports in Iran, Myanmar, and Bangladesh; it will quickly need an equity base

MCA working on developing SOPs for FTA strategy, trade negotiation

Commerce Secretary Sunil Barthwal spearheaded the deliberations which sought to chart a strategic course for India's future engagement in FTA negotiations

India to stick to policy path whether PM Modi wins 3rd term or not: Rajan

The new govt will announce a budget shortly after it comes to power, which will likely focus on "all the good stuff that is happening while trying to see what other changes have to be made," he said

Centre saved over Rs 25,500 cr via fund transfer norms: FM Sitharaman

The NDA government has disclosed off-Budget funded schemes in the Budget documents from FY22

Goldman Sachs ups India 2024 GDP forecast to 6.7%; sees RBI rate cut in Q4

RBI's MPC has sounded caution on sticky food inflation, Goldman Sachs says, owing to supply-side disruptions due to the ongoing hot weather conditions in many parts of India

Above normal rainfall likely this monsoon; to boost economic growth: IMD

Normal to above-normal minimum temperatures expected in most parts of country in June: IMD

Sustained fiscal deficit reduction positive for India's ratings: Fitch

Fitch Ratings said in a press statement that this dividend would help India in meeting the fiscal deficit target of 5.1 per cent of GDP for FY25

Record RBI dividend at 0.6% of GDP may not be sustained, says Fitch

Fitch said an important driver of higher RBI profits appears to be higher interest revenue on foreign assets, though the central bank has not yet provided a detailed breakdown

India's robust LNG imports standout in Asia, higher prices concern looms

Growth in Asia's third-largest economy likely slowed to an annual 6.7 per cent in January-March, more in line with the long-term GDP growth rate

India's GDP growth in Q4 likely slowed to at least a four-quarter low

NSO to release Q4 growth numbers, FY24 provisional estimates on Friday

Limited interest, low recoveries: Prepack insolvency scheme in slow lane

In 2021 when the country was reeling from the Covid-19 pandemic, the government promulgated an ordinance and amended the insolvency law to help MSMEs avoid bankruptcy

Critical, strategic mineral auctions hit a roadblock: Why the delay?

A Ministry of Mines order dated May 21 announced that the deadline for the 25 critical mineral blocks listed in the second and third rounds has been postponed from June 11 and June 28 to July 18