Page 58 - Indian Economy

RBI's new credit risk standards are game changer for Indian economy

A well-executed model risk management framework can give a lender precise credit assessment, improve customer trust and edge over competition

'Would have liked to see RBI-staff MPC members also dissent sometimes'

Goyal, who voted for rate cut in both June and August review meetings, says that she does not see any broad-based rise in core inflation

FM Sitharaman, Goyal to attend India-Singapore ministerial meet on Monday

ISMR is a mechanism established to set a new agenda for India-Singapore bilateral relations. Its inaugural meeting was held in New Delhi in September 2022

Unemployment among women increased in first quarter, shows PLFS data

PLFS data shows it rose to 9% from 8.5% in urban areas

India's foreign exchange reserves rise by $4.54 billion to $674.66 billion

Gold reserves rose by $865 million during the week, while Special Drawing Rights (SDRs) increased by $60 million

Stats ministry to work closely with states on local GDP numbers: Secretary

While states do release district-wise data, it is usually made available with a time lag and not updated frequently across states

'Complex and expensive': Further tranches of sovereign gold bonds unlikely

The July Budget reduced the import duty on gold from 15 per cent to 6 per cent, lowering input costs for jewellers and deterring smugglers

Economic momentum intact for 6.5-7% growth in FY25: Finance Ministry

The ministry added that both the consumer and industrial outlook surveys, which showed a declining trend, need to be monitored for future trends

Non-ferrous metal products to have 5% recycled content from FY28

This initiative aims to reduce the country's dependence on primary resources and mitigate the environmental impacts of mining

Ponzi like model of P2P lenders prompt crackdown, RBI finds high NPA

Violations of regulatory guidelines were confirmed through supervisory scrutiny; the regulator dealt with some of these platforms bilaterally for remedial action

NHAI repeals 100m exemption rule for new toll plazas amid regulatory issues

In May 2021, the highway authority had introduced these provisions for projects where project reports were in progress and land for toll plazas was yet to be acquired

DSR method of paddy growing: Benefits and controversies surrounding it

Direct seeding of rice is a cultivation method where paddy seeds are planted directly into the soil, eliminating the need for nursery growth and transplanting, which require fully watered conditions

Budget's inclusive urban development plan could not have been more timely

The economic growth that we envisage for becoming a high-income country cannot be achieved if our cities are not planned in a way to reach their maximum potential

Investment revival: Why reliance on govt spending alone is unsustainable

As the fiscal space tightens, it will be important for private investment to pick up to sustain economic growth over the medium to long term

EPFO will migrate to new IT platform in 3 months: Labour minister

Over the next few months, the implementation of the EPFO 2.01 Project will ease the processes and turnaround time for various member and employer transactions

Grasim achieves highest-ever Ebitda of Rs 20,837 cr: Kumar Mangalam Birla

Speaking at the company's 77th Annual General Meeting, Kumar Mangalam Birla said that Grasim Industries invested Rs 7,000 crore in its paints business

Strengthening statistics: Why India needs periodic and reliable data

It is important for policymakers in a rapidly changing economy to have timely and accurate data for making effective policy interventions

RBI asks banks to monitor credit-deposit gap to avoid liquidity issues

Indian banks' loans rose 13.7% as of July 26 from a year earlier, while deposits grew 10.6%, latest provisional data from the RBI showed

India need more reforms to stay on growth path, create jobs: IMF's Gopinath

India will need to undertake more reforms to be able to continue on the path of raising economic growth and to make sure that enough job creation happens in the country, IMF deputy managing director Gita Gopinath said on Saturday. Addressing an event here, Gopinath further said that India will be required to reduce import tariffs if it wants to be an important player in the global supply chains. "The significant improvements have been made by the government over the years in terms structural reforms." While noting that the world is in an environment where trade integration has been questioned, Gopinath said it is important for India to remain open for global trade. "Tariff rates in India are higher than in its other peer economies. If it wants to be an important player on the world stage and an important part of global supply chains, it is going to require reducing those tariffs," the eminent economist said. Gopinath said it is a tremendous aspiration to get to a developed country

Indian rice export rates fall on muted demand, prospects of higher supply

India's discount to Thailand and Vietnam's prices has narrowed, leading to lower exports