Page 12 - Economy

RBI MPC highlights: Deposit-credit divergence could lead to liquidity management issue, says Das

RBI Monetary Policy Meeting 2024: Catch all the latest highlights on RBI's monetary policy announcements here

Viksit Bharat needs a new paradigm: Reforming the thinking behind policy

The time has come to imagine the contours of a new paradigm of progress

Rajasthan govt to set up animal husbandry development fund worth Rs 250 cr

Rajasthan Chief Minister Bhajanlal Sharma on Saturday said the state government will constitute the Chief Minister's Animal Husbandry Development Fund with an allocation of Rs 250 crore to benefit cattle farmers. Sharma was addressing a delegation of Dewasi community who had come from various assembly constituencies including Sirohi and Bali to express gratitude for the announcements made for their upliftment in the state's annual budget. According to an official statement, the chief minister said that the country is agriculture-based and cattle farmers have an important contribution in the state's economy. Keeping this in mind, many gifts have been given in the budget for the empowerment of cattle farmers. Chief Minister's Animal Husbandry Development Fund will be constituted with Rs 250 crore for animal husbandry promotion, conservation and development, he said. According to the chief minister, the grant amount will be increased from 50 per cent to 75 per cent for breed developme

Sri Lanka needs to raise fiscal revenue to maintain economic stability: IMF

IMF has also provided Colombo and financial advisors of the country's bondholders an assessment on a provisional deal

Budget with BS: 'We are in one of the biggest market booms', says Motilal Oswal's Raamdeo Agrawal

Latest updates: Catch all the updates on the analysis of the Union Budget for FY25 here

April-June fiscal deficit at Rs 1.36 trillion, 8.1% of 2024-25 target

Total government expenditure during the period was Rs 9.7 trillion, or about 20.4 per cent of the annual goal, lower than the Rs 10.51 trillion in the same period last year

Euro zone economy sees slight growth, outlook remains far from rosy

Euro zone economy is quite like water quality of Seine (polluted river in Paris), some days it may look okay but overall it's poor enough to continuously worry about it, ING economist Bert Colijn said

Excluding food from RBI's inflation framework may not have many takers

Headline numbers best communicated to common man; Govt needs to step up supply management

Foreign exchange reserves jump $4 billion to new peak of $670.85 billion

Surpassing the all-time high level achieved the previous week, India's forex reserves jumped by another USD 4 billion to USD 670.857 billion for the seven days ended July 19, the Reserve Bank said on Friday. The overall reserves had jumped by USD 9.699 billion to an all-time high of USD 666.854 billion in the week ended July 12. For the week ended July 19, foreign currency assets, a major component of the reserves, increased by USD 2.578 billion to USD 588.048 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves increased by USD 1.329 billion to USD 59.992 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 95 million to USD 18.207 billion, the apex bank said. India's reserve position with the IMF were unchanged at USD 4.610 billion in the reporting we

Youth hirings in formal sector witness upswing in April-May: EPFO data

EPFO data says women subscribers also rose after falling last year

India likely to have highest per-capita income growth, says report

Study pegs growth at 5.4% during 2024-33

Union Budget expectations highlights: Real estate sector seeks tax relief

Budget 2024 highlights: FM Nirmala Sitharaman is all set to present the Union Budget 2024-25 in the Lok Sabha on July 23

Insurance: A social security product

A lifeline in times of crises

US job openings up in May; layoffs picked up amid slowing economic activity

Data for April was revised lower to show 7.919 million unfilled positions instead of the previously reported 8.059 million

Kenya's president won't sign finance bill that led protesters to storm Parl

Kenyan President William Ruto says he won't sign into law a finance bill proposing new taxes a day after protesters stormed parliament and several people were shot dead. The government wanted to raise funds to pay off debt. Kenyans said the bill caused economic pain as millions struggle to get by. The chaos on Tuesday led Kenya's government to deploy the military, and Ruto called protesters' actions treasonous. It was the biggest assault on Kenya's government in decades. The president says the bill caused widespread dissatisfaction and he has listened to the people.

Why Indians might find it difficult to cut down on their palm oil demand?

Price volatility may lead some companies to reduce palm oil consumption and seek alternatives, but its historically lower cost will likely keep it as the top choice for consumers

India tech stack will help stimulate growth: HUL's Nitin Paranjpe

HUL executive chairman says FMCG continues to be strong in India

Retail inflations for agricultural, rural workers remain almost flat in May

Retail inflation for agricultural labourers and rural workers remained almost flat at 7 per cent and 7.02 per cent, respectively, in May as against the two comparative figures of 7.03 per cent and 6.96 per cent a month ago. The corresponding figures in May 2023 were 5.99 per cent for CPI-AL (Consumer Price Index-Agricultural Labourers) and 5.84 per cent for CPI-RL (Consumer Price Index-Rural Labourers), a labour ministry statement said. According to the statement, the point-on-point inflation rate based on CPI-AL was recorded at 7.00 per cent in May 2024, showing a deceleration from 7.03 per cent in April this year. Conversely, it stated that for CPI-RL, the inflation rate was recorded at 7.02 per cent in May 2024, a marginal increase from 6.96 per cent in the preceding month. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase of 6 points each in May 2024, reaching levels of 1,269 and 1,281, respectively. The

Air India to start premium economy class on a few domestic routes from July

Air India on Wednesday said it will launch premium economy class on select domestic routes from next month. As of now, Vistara is the only Indian carrier which offers premium economy-class travel category on its domestic routes. The Tata Group-owned airline said it has refitted two new A320neo aircraft in a three-class configuration, featuring eight seats in business, 24 seats with extra legroom in premium economy, and 132 in the economy category, offering a wider choice to its guests. This is the first time the airline has introduced premium economy cabins on its narrow-body aircraft. "The introduction of a three-class cabin to Air India's narrow-body fleet and commencement of interior refits are important steps in the journey of enhancing the flying experience," said Campbell Wilson, Chief Executive Officer and Managing Director at Air India. The latest upgrade of the narrow-body fleet, which operates on domestic and short-haul international networks, complements the upgraded ..

Net direct tax collections grew 9.8% to Rs 4.62 trillion till mid-June

Of the total tax collected until June 16, corporation tax accounted for Rs 1.81 trillion, while personal income tax (I-T) stood at Rs 2.69 trillion