Page 67 - Indian Economy

Mumbai fire safety check: Mills to malls caught in a tinder trap

The second part of the series revolves around Mumbai being vulnerable to fire incidents because of overcrowding and the high cost of robust fire protection equipment

UK overtakes China as India's fourth-largest export market in May

Exports to the European nation grew by a third to $1.37 billion in May. While the disaggregated data for the month of May wasn't immediately available

Cargo handling at India's major ports up 6% to 72 million tonnes in May

Overseas cargo saw a 7.3 per cent growth in May; Kandla bounces back

Is Nabfid the answer to India's infra woes?

Though earlier such attempts had failed, NaBFID should succeed as the ecosystem is changing. Infra projects are a new asset class that offers healthy returns

Back to 'political' economy

Does anyone expect these markers to improve now under a climate of more politics and less economy? Or will we just muddle along as we have done in the past?

Trade deficit at 7-month high on rising imports; exports up 9% in May

Apart from petroleum products, items that drove import growth include transport equipment (31.88 per cent), silver (408 percent), vegetable oil (27.5 per cent) and pulses (181 per cent)

India's wholesale inflation accelerates to 15-month high of 2.61% in May

The inflation in food prices stood at 9.82 per cent during the month, while in May 2023, the wholesale inflation had stood at -3.61 per cent

RBI will not force mergers of urban co-operative banks: RBI board member

In 2021, an RBI's expert committee had suggested that weak UCBs would get a regulatory nudge to explore voluntary merger

India's foreign exchange reserve hits new high of $655.81 billion

Foreign exchange market participants said that the RBI has been absorbing the foreign inflows, which led to the rise in foreign currency assets

Inflation expected to average 4.5% for current fiscal year: CRISIL

Leading ratings and economic research firm CRISIL is of the view that inflation is expected to average 4.5 per cent for the current financial year. "Assuming a normal monsoon, we expect food inflation to soften, while non-food inflation could see an uptick but is expected to remain soft on the back of benign commodity prices," CRISIL said. The rating firm said that consumer price index (CPI) inflation moderated marginally to 4.75 per cent in May from 4.8 per cent in April 2024. "Non-food categories pulled down the headline inflation, but what is worrying is the relentless inching up of food categories, cereals and pulses", the CRISIL report said. Food inflation had stayed above 8.5 per cent for four months now, and non-food inflation continued to offer some respite, it said. The report maintained that there could be some rebalancing in domestic demand in the current fiscal with rural demand catching up with urban consumption. According to the report, the expectation of an above-n

4 offshore crypto exchanges join queue for nod to restart India ops

FIU-India has lifted ban from Kucoin while proceedings on Binance's application are underway

L&T Finance's rural business finance book reaches Rs 25,000 crore

Non-bank lender aims to scale up loan against properties

Skill ministry to train 150K women under PMKVY in first 100 days

Along with skilling, MSDE will concentrate on promoting apprenticeship in the country, with around half a million new apprentices being engaged

FY25 fiscal deficit of 20 major states to be lower than budgeted: Axis Bank

The Finance Commission had allowed states to borrow up to 4-3.5 per cent of Gross State Domestic Product in FY22-23, with unused limits usable up to FY25

Consumer mkt presents long-term structural opportunity: N Chandrasekaran

TCPL chairman says India continues to be a strong growth market

On table: Eye on prices of 16 more food items to protect 'garib ki thali'

Interim Budget-FY25 proposed to spend over Rs 43 crore for strengthening price monitoring cells at Centre and states

Outward FDI remain almost flat at $2.0 billion in May, shows RBI data

Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees

NDA govt likely to present full FY25 Budget in second half of July

The finance ministry is likely to begin the consultation process for the Budget with various ministries and stakeholders next week

India to remain fastest-growing among largest economies, says World Bank

For FY26 and FY27, the World Bank projected India's economy to grow at 6.7 per cent and 6.8 per cent respectively

Govt restricts import of gold jewellery and parts amid unusual surge

The jump in imports has been the sharpest in the case of gold jewellery parts that saw 30 times jump to $1.55 billion in FY24 from $51.51 million a year ago