Page 409 - Economy
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")
Trade ties with India suspended due to heavy duties': Pak's Ishaq Dar
Pakistan downgraded its ties with India after the Indian Parliament suspended Article 370 on August 5, 2019, a decision that Islamabad believed undermined the environment for holding talks
 "Trade ties with India suspended due to heavy duties': Pak's Ishaq Dar")
Share of women in urban salaried jobs at 6-year low in Q4FY24: PLFS
The share of women in wage work was the highest in Q1 of FY21 at 61.2 per cent
 "Share of women in urban salaried jobs at 6-year low in Q4FY24: PLFS")
Chabahar port deal a step forward but questions remain
The 7,200 km INSTC project was conceived in 2002 to reduce the time and cost of moving cargo from India to Russia via Iran. More countries have now joined but the progress is very slow
 "Chabahar port deal a step forward but questions remain")
India must up its share in global manufacturing: FM Nirmala Sitharaman
Says private sector a partner in developing India
 "India must up its share in global manufacturing: FM Nirmala Sitharaman")
Commerce ministry holds discussions on formulating SOPs to negotiate FTAs
To discuss the various aspects of these agreements, the commerce ministry has organised a two-day 'Chintan Shivir' on FTA strategy and SOPs for trade negotiations on May 16-17
 "Commerce ministry holds discussions on formulating SOPs to negotiate FTAs")
Govt recovers Rs 852 cr under amnesty scheme for exporters: Official
The figures are likely to increase further as the exercise is on for the compilation of the data, the official added
 "Govt recovers Rs 852 cr under amnesty scheme for exporters: Official")
GDP growth rate likely to be 6.7% in Q4, around 7% in FY24: Ind-RA
The Indian economy grew 8.2 per cent in the June quarter, 8.1 per cent in the September quarter and 8.4 per cent in the December quarter of 2023-24
 "GDP growth rate likely to be 6.7% in Q4, around 7% in FY24: Ind-RA")
Ministry aims for 80% landlord model at major ports by 2030: Ramachandran
In the landlord model, private players take over the operational aspects, while the port authority acts as a regulator and landlord
 "Ministry aims for 80% landlord model at major ports by 2030: Ramachandran")
Need to reconsider sachetisation of F&O trade to safeguard savings: CEA
Speaking at the CII's Annual Business Summit, 2024, Nageswaran said whenever financial sector development precedes national development the story hasn't ended well for other countries as well
 "Need to reconsider sachetisation of F&O trade to safeguard savings: CEA")
Centre's new electric vehicle policy to be open to all companies
The policy primarily aimed to boost EV manufacturing in the country by top global players such as Tesla, VinFast, BYD among others
 "Centre's new electric vehicle policy to be open to all companies")
CII Business Summit: Dead serious about IMEC, says EAM Jaishankar
Says spike in India's trade and cooperation with Russia should not be considered temporary
 "CII Business Summit: Dead serious about IMEC, says EAM Jaishankar")