Page 407 - Economy
Good food journey: How India can build on gains from the year of millets
Year of millets over, we need to dedicate a decade to these grains to build on the gains of 2023
 "Good food journey: How India can build on gains from the year of millets")
Ireda to issue FPO this financial year to support its growing size
IREDA launched its initial public offering (IPO) in December 2023 and debuted on Dalal Street after two failed attempts over the last decade
 "Ireda to issue FPO this financial year to support its growing size")
NRI deposit flows up 63.5% to $14.7 bn in FY24, the highest in 8 years
FCNR deposits were at $25.73 billion in March 2024, up from $24.90 billion in February 2024. This was higher than the $19.36 billion at the end of March 2023
 "NRI deposit flows up 63.5% to $14.7 bn in FY24, the highest in 8 years")
Manufacturing share in capital formation down between FY19 and FY23
The report notes that the share of public administration and defence improved, attributable to increased government spending
 "Manufacturing share in capital formation down between FY19 and FY23")
India on cusp of long-awaited economic take-off: RBI monthly bulletin
The outlook for global economy is turning fragile as descent of inflation is stalling, re-igniting risks to global financial stability, said an article on 'State of the Economy' published in Bulletin
 "India on cusp of long-awaited economic take-off: RBI monthly bulletin")
Household savings likely to rise in FY24, liabilities to moderate: CRISIL
It can be noted that official data released last year showed a dramatic fall in India's net financial household savings rate to a 47-year-low of 5.3 per cent from 7.3 per cent in FY22
 "Household savings likely to rise in FY24, liabilities to moderate: CRISIL")
Demand for skilled Indian blue-collar workers goes up by 25% in UAE: Report
In terms of job roles, the demand for electricians, plumbers and technicians has grown at a rate of around 20-25 per cent over the past year, it added
 "Demand for skilled Indian blue-collar workers goes up by 25% in UAE: Report")
India's crude oil import bill soars as Russian discount halves since Feb
India's crude oil import reliance hit a record 87.8 per cent in FY24 and is expected to rise in FY25 due to growing demand and stagnant domestic production
 "India's crude oil import bill soars as Russian discount halves since Feb")
Study on Covaxin should revise statement on conclusions for clarity
It likely overstates actual risks associated with the vaccine and conflates common illnesses with vaccine-related adverse effects
 "Study on Covaxin should revise statement on conclusions for clarity")
India's role in easing fragmentation of global trade amid US-China tensions
Considering India's merchandise exports, the US is still our largest partner. But, it is India's imports that have solidified China as a significant trading partner
 "India's role in easing fragmentation of global trade amid US-China tensions")
India's Q4 GDP growth projected at 6.7%, FY24 growth at 7.8%, says ICRA
The Indian economy grew 8.2 per cent in the June quarter, 8.1% in the September quarter and 8.4% in the December quarter of 2023-24
 "India's Q4 GDP growth projected at 6.7%, FY24 growth at 7.8%, says ICRA")
India's Russian oil imports rise to 9-mth high in April as shipments resume
India, the world's third-biggest oil importer and consumer, is the top client for Russian seaborne oil
 "India's Russian oil imports rise to 9-mth high in April as shipments resume")
India to expand overseas port operations with Mongla terminal in Bangladesh
This will be the third international port operations by India after Chabahar in Iran and Sittwe in Myanmar and will be managed by IPGL
 "India to expand overseas port operations with Mongla terminal in Bangladesh")
Govt reaffirms restrictions on import of non-compliant electronic products
There is no implication of this notification. The import policy for these categories in question were restricted anyway, so its status quo, a government official aware of the matter said on Tuesday.
 "Govt reaffirms restrictions on import of non-compliant electronic products")
Short-term govt bond yield may fall on Rs 60,000 crore T-bill supply cut
The yield on the 5-year government bond settled at 7.09 per cent on Friday
 "Short-term govt bond yield may fall on Rs 60,000 crore T-bill supply cut")
Retirement fund body EPFO adds 1.44 million net members in March 2024
The payroll data highlighted that approximately 1.18 million members exited and subsequently rejoined the EPFO (Employees' Provident Fund Organisation), a labour ministry statement said
 "Retirement fund body EPFO adds 1.44 million net members in March 2024")
Peak power demand in May near projected 235 GW amid severe heatwave
The peak supply was 229.77 GW on May 4, and interestingly the highest supply in a day crossed the 221.42 GW, recorded in May last year, on May 2 this year
 "Peak power demand in May near projected 235 GW amid severe heatwave")
India must create 115 mn jobs by 2030 as more people enter workforce: Study
"To achieve this herculean task, India's growth engine needs to fire on all cylinders, from manufacturing to services in the next five years," research note read
 "India must create 115 mn jobs by 2030 as more people enter workforce: Study")
What lies ahead for the India-EFTA countries free-trade agreement?
India's interest in trade and economic partnership with EFTA countries stems from the expertise of affluent member-nations in precision technology, and India's appetite for foreign direct investment
 "What lies ahead for the India-EFTA countries free-trade agreement?")
Statsguru: Several challenges remain for India-Iran Chabahar port deal
Iran has fewer maritime trade partners compared to India
 "Statsguru: Several challenges remain for India-Iran Chabahar port deal")