Page 431 - Economy

Private captive, commercial coal mines cross 140 MT production in FY24

Out of the total production of 147.2 MT, the power sector captive mines produced around 121.3 MT, captive mines of the non-power sector produced 8.4 MT

Meity calls for plans on India-EU cooperation on high-performance computing

The objective of the joint call is to create solutions and use cases in the mutual areas of interest using high-performance computing, said the ministry

Opec+ ministers agree on keeping oil output policy steady: Reports

OPEC+ members, led by Saudi Arabia and Russia, last month agreed to extend voluntary output cuts of 2.2 million barrels per day (bpd) until the end of June to support the market

'Goldilocks' economy to prompt RBI to keep rates on hold: Economists

As India heads into a general election this month, the economy is growing faster than expected amid signs prices are trending lower though food inflation remains a risk

High crude oil prices a cause for concern, India's oil secretary says

As a consuming nation any increase in prices will cause concern and anxiety, Jain said at an industry event, referring to the "geopolitical premium" in crude prices

White-collar gig jobs see a 184% uptick in hiring, says Foundit report

The share of IT software in the gig economy has nearly doubled, jumping from 22 per cent in March 2023 to a dominant 46 per cent in March 2024

Manufacturing PMI in March rises to 16-yr high, employment improves

Sharpest uptick in output, new orders since Oct 2020, says survey

Will RBI change focus to growth after PM Narendra Modi's speech?

While the central bank has not hiked the repo rate for more than a year now, but it has refused to drop the guard on inflation even if core inflation has moderated

Natural disasters cause $65bn loss in APAC in 2023; 91% loss uninsured: Aon

As per the report, 398 natural disaster events occurred globally in 2023, resulting in an economic loss of $380 billion in the year.

Over 80 million people worked under MGNREGA in FY24, shows data

It is the lowest number of beneficiaries to have accessed employment under the scheme since the Covid-19 pandemic

Fastest growing occupation for young: Unpaid help in household enterprises

Women dominated the household unpaid category while it was own-account for men within self-employment

Consumer sentiment of urban Indians dips to a 4-month low, shows data

Rural consumer sentiment is at its highest level thus far in 2024

India, EEU bloc officials hold talks to formally start negotiation for FTA

The official said two feasibility studies have already been conducted on the proposed agreement

'Govt meets tax collection target of over Rs 34.37 trn for 2023-24'

The net direct tax collections (comprising corporate tax and personal income tax) reached over Rs 18.90 trillion as of March 17

Morth raises Rs 40,314 crore via asset monetisation in financial year 2024

The ministry had raised Rs 32,855 crore in 2022-23 through various modes of asset monetisation

Bias at the ballot box: The ways voters are influenced in elections

Authority figures to availability choice: Our voting decisions are often coloured by biases that are often unconscious

Searing heat wave in the country boosts RBI case to wait on rate cuts

The pace of inflation in India has remained above the central bank's 4% target for the last few months, giving policymakers reason to remain cautious

16-yr high: At 59.1 in March, India's manufacturing PMI highest since 2008

The manufacturing PMI has remained above the 50-mark for more than 30 consecutive months

Oil gains on expectations for higher demand as Middle East concerns rise

Opec's output fell last month by 50,000 bpd, indicating the voluntary cuts are having some effect

India must focus on manufacturing to compete with China: EAM Jaishankar

Jaishankar was speaking at a corporate summit on "Bharat's Economic Rising," organised by the Southern Gujarat Chamber of Commerce and Industry (SGCCI)