Page 405 - Economy

War minus shooting: Role of India in contemporary international trade

International trade right now is bringing back memories of the Cold War. What can be India's role in it?

Road transport fleet operators' revenue to grow by 9-11% in FY25: CRISIL

The agency expects operating margins of fleet operators to increase by 75-100 basis points (bps) in the ongoing fiscal year

Signs of stress in Hybrid Annuity Model road projects: India Ratings

NHAI has maintained its 2024-25 outlook for both annuity projects and toll-collecting assets at stable

Govt should lower tax on recruitment agencies to help boost employment: ISF

'This discourages many employers from hiring contract workers through recruitment agencies as they see the steep tax as an additional burden.'

Ind-Ra expects stable operating performance for most infra projects in FY25

The rating agency assigned a positive outlook on the airport segment which means there are high chances of rating upgrades in the near to medium term

India to get rating support if it uses RBI dividend to reduce deficit: S&P

The interim budget presented in Parliament earlier in the year targets a fiscal deficit of 5.1 per cent of the GDP

NHAI's road assets monetisation can fetch up to Rs 60,000 cr FY25: ICRA

These assets are spread across 12 states, cumulatively spanning nearly 2,750 km and with an annual toll collection of Rs 4,931 crore

Flash composite PMI up at 61.7 in May, job creation strongest in 18 years

The survey also noted that amid reports of higher labour and material costs, input prices across the private sector rose at the fastest pace in nine months

Peak power demand hits season's high of 235 GW on Wednesday amid heat wave

According to the power ministry data, the peak power demand met or the highest supply in the day is recorded at 235.06 GW on Wednesday, which is the maximum so far in the summer season this year

Govt plans large scale radiation processing of onions to prevent shortages

The world's biggest exporter of onions is expected to see output fall by 16 per cent in 2023-24 amid lower yields

India's use of crude tankers to export diesel to European Mkts slows in May

While more April shipments from India to Europe provided a floor for Asian margins, fewer such voyages in May will likely compel Indian refiners to shift diesel sales back to Asia

Bumper RBI dividend of Rs 2.11 trillion to give govt more fiscal room

Economists said that the government may not need much borrowing because of the highest-ever transfer of surplus to the government

Hero Electric, Benling India barred from all EV incentive schemes

MHI to write to FinMin on a wider ban in all government schemes

Business activity expands in May as exports surge, PMI rises to 61.7

Robust demand was supported by new business in the services industry, which grew at the fastest pace since January, as well as rising manufacturing output and new orders

India exports over 45,000 tonnes onion after lifting ban, says official

The world's biggest vegetable exporter banned exports of the bulb last December and then extended it in March, after a rise in prices triggered by sluggish production

Windfall for govt as RBI transfers record Rs 2.1 trillion for FY24

Higher income both from domestic and foreign assets; Increases contingency buffer to 6.5%

Financialisation of household savings can fund private capex: Goldman Sachs

The report titled 'Changing Contours of Indian Household Savings' notes that within financial savings, allocations are shifting from banks to non-banks, especially into retirement savings

Net FDI declines by 62% to $10.5 billion in FY24, shows RBI data

At $10.58 billion, this is lowest net FDI into the country since 2007; Gross FDI stable at $71 billion

CITU writes to labour ministry seeking release of AICPI-IW figures

The CPI-IW figures have not been released for the months of February and March, and the labour bureau has not given any explanation for not releasing the indices on the stipulated dates

Reserve Bank board approves transfer of Rs 2.11 trillion surplus to govt

The expert committee had suggested maintaining the risk provisioning within a range of 5.5 per cent to 6.5 per cent of the RBI's balance sheet under the Contingent Risk Buffer