Page 61 - Indian Economy

India's path to economic success lies in powering services sector: Rajan

The former RBI governor argues that India should prioritise improving education and health care services through decentralisation and local empowerment to achieve better outcomes

Union Budget 2024-25: Here're key challenges in electronics & semiconductor

Increasing domestic value addition and balancing jobs by improving organic competitiveness

From 68k crore, trade deficit in telecom has dropped to 4k cr: Scindia

Telecom gear sales crossed Rs 50,000 crore, exports at Rs. 10,500 under PLI, DoT said

Towards a good and simple tax

Despite making gains, next-generation reforms are required to expand and streamline the GST

Employment condition

The new data set raises questions

India, Russia target $100 billion bilateral trade by 2030, FTA with EAEU

Peace talks do not succeed in the midst of bombs, guns, and bullets: PM Narendra Modi

ONGC unveils Rs 2 trillion decarbonisation road map for net-zero 2038

Rs 2 trn allocated for 7 Gw of renewables, carbon capture, and green H2 plans

Union Budget 2024-25: Here are the key challenges in the MSME sector

Unavailability of collateral to raise funding

16th Finance Commission constitutes five-member advisory council

The finance commission, as per the ToR, would also suggest measures needed to augment the Consolidated Fund of a State to supplement the resources of panchayats and municipalities

Union Budget 2024-25: Here're key challenges in renewable energy sector

Local manufacturing (wind, solar) to be scaled up to compete with global majors on quality, price

Final call soon for states and UTs to avail of MSME scheme benefits

The scheme aims to foster a favourable environment for MSMEs to flourish, thus playing a crucial role in strengthening India's economy and generating employment opportunities

India's employment provisionally grew at 6% in FY24, shows RBI data

The release of the data follows a Citibank report last week which said growth of close to 7 per cent will only create 8 million to 9 million jobs in India, short of the 11 million to 12 million needed

Bigger, bolder labels: Companies look to put it back on FSSAI table

Industry executives say the transition to new nutritional labelling may have cost implications for companies as they usually have packaging stock for the next few months

RBI's draft trade norms envisage more discretion for ADs

ADs will handle the documents of a 'caution listed' exporter only against full advance payment from the buyer or irrevocable letter of credit

Information asymmetry

GST data must be released

India plans geological mapping and mineral exploration in Zambia

India seeks to access African nation's critical minerals to diversify its supply chain and strengthen bilateral ties

FMCG manufacturers say Q1 sales growth picks up as demand improves

Volume trends from key consumer goods companies, which sell everything from hair and cooking oils to oats, are seen as an important indicator of consumption patterns in the country

Only 7% of MSME credit to women; low female labour force limits growth: RBI

Reserve Bank's executive director Neeraj Nigam on Friday said low labour force participation among women is a barrier to financial inclusion efforts and also to broader economic growth. He said there is also a need to up the credit supply to women, pointing out that only 7 per cent of the overall outstanding loans to micro, small and medium enterprises are to women-led businesses. "One significant barrier for financial inclusion and indeed to economic growth and development is more participation of females in economic activities," he said, pointing out that official data suggested female labour force participation at 32.8 per cent in FY22, as against over 77 per cent in men. Women constitute only 7 per cent of the outstanding credit to Micro, Small & Medium Enterprises (MSMEs), he said, adding that this is very low when compared to nearly a fifth of the MSMEs being women-led. Speaking at the 'Financing Women Collaborative' conference organized by Niti Aayog and Transunion Cibil ...

RBI launches quarterly survey on order books of manufacturing sector

The Reserve Bank of India (RBI) on Friday announced the launch of quarterly "order books, inventories and capacity utilisation" survey of companies in the manufacturing sector -- a key input it uses to formulate the monetary policy. The RBI has been conducting the order books, inventories and capacity utilisation survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008. The information collected in the survey includes quantitative data on new orders received during the reference quarter (April-June 2024), backlog of orders at the beginning of the quarter, pending orders at the end of the quarter, total inventories with a breakup between ?nished goods, work-in-progress and raw material inventories at the end of the quarter. Item-wise production in terms of quantity and value during the quarter vis--vis the installed capacity from the targeted group and the reasons for changes in production/installed capacity during the quarter is also collected. The level of capac

India must use its cultural wealth to be global economic power

Cultural economic governance assumes great importance at the stage of policy formulation and its implementation