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Government claim of eight crore new jobs is data jugglery, says Congress

Centre included even unpaid household work in its employment data, says Jairam Ramesh




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India’s current account deficit in Q1 FY25 widens to $9.7 billion

The current account surplus for Q4:2023-24 was revised downwards to $ 4.6 billion from US$ 5.7 billion earlier due to an upward adjustment of customs data on merchandise imports, the RBI said.




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Fiscal deficit in April-August at 27% of full-year target: Govt data

In absolute terms, the fiscal deficit was at ₹4,35,176 crore as of August-end




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TAFE files contempt petition against AGCO over Massey Ferguson brand




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Fed Chair Powell says U.S. economy is in 'solid shape' with more rate cuts coming




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Government picks three new members to join RBI’s Monetary Policy Committee

The new members are Ram Singh, Saugata Bhattacharya and Nagesh Kumar. They have been appointed for a period of four years.




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Maruti, Hyundai, Tata Motors report decline in wholesales in September

Mahindra & Mahindra said its SUV wholesales in the domestic market increased 24% to 51,062 units in September compared to the same month of last year




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Every daily wager in Odisha wants to be identified as a construction worker

More than 42.66 lakh people registered as construction workers to avail benefits from the buildings and construction welfare board of the State. But experts believe the construction sector of Odisha is not large enough to accommodate such a large labour force




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No rethink on FDI curbs in multi-brand retail sector: Piyush Goyal

Piyush Goyal said there will be no rethink on the Foreign Direct Investment (FDI) curbs in the multi-brand retail sector.




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India, U.S. exploring combined engagement with third countries to source minerals: Piyush Goyal

Piyush Goyal said that critical minerals figured in his official parleys with U.S. Commerce Secretary Gina Raimondo on Thursday.




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Govt grants one-year extension to RBI Deputy Governor Rajeshwar Rao

Rao was appointed as RBI Deputy Governor in October 2020 for a period of three years




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RBI Monetary Policy Committee meeting: policy rate unchanged at 6.5% for 10th time in a row

‘RBI changes stance of monetary policy to ‘neutral’ from withdrawal of accomodation,’ says Shaktikanta Das.




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RBI projects 7.2% GDP growth for FY25, CPI inflation to moderate at 4.5%

According to RBI Governor Shaktikanta Das, growth for the fiscal year will be supported by robust quarterly performances.




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India plays crucial geopolitical role from American standpoint: USISPF president Mukesh Aghi

“The economic growth story of India is tremendous. India is among very few large economies which are growing 7-8%,” Mukesh Aghi said




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RBI asks banks to ensure easier accessibility for payment systems to persons with disabilities

RBI instructs banks to review payment systems for accessibility to persons with disabilities, ensuring digital payment inclusivity




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India’s forex kitty drops by $3.71 billion to $701.176 billion

In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion.




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China’s Finance Minister Lan says there is room for more economic stimulus; but offers no plan

“There are other policy tools that are being discussed that are still in the pipeline,” Chinese Finance Minister Lan said, adding that there is “ample room” in the budget




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Wholesale food prices surged at two-year high pace of 9.5% in September

Fuel and power costs dropped over 4% last month, while manufactured product prices rose just 1%, reining in overall wholesale inflation pace to 1.84% from 1.3% in August




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Indian conglomerates to spend $800 billion in new projects in 10 years: S&P Global Ratings’ report 

“The Vedanta, Tata, Adani, Reliance and JSW groups alone are prepping about $350 billion of investment in these sectors over the next decade,” Neel Gopalakrishnan of S&P Global Ratings said




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Economics Nobel Winners 2024 and their studies on ‘how institutions are formed and affect prosperity’

Daron Acemoglu and Simon Johnson are professors at the Massachusetts Institute of Technology while James Robinson is based at the Harris School of Public Policy and Department of Political Science at the University of Chicago.




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A Nobel prize for explaining why nations fail or succeed

The 2024 Economics Nobel laureates have argued that differences in the quality of economic and political institutions is what best explains the divergence in the economic fates of countries




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Dearness Allowance hiked by 3% for Central Government employees ahead of Deepavali

The government had last hiked Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners on March 8




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India’s logistics cost will come down to single-digit percentage in two years: Gadkari

According to quick estimates of the economic think tank National Council of Applied Economic Research (NCAER), logistics costs in India ranged between 7.8% to 8.9% of GDP for the fiscal 2021-22




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Insurance benefits to stay for EPFO subscribers

The minimum and maximum benefits under the Employees’ Deposit Linked Insurance Scheme were enhanced from ₹1.5 lakh and ₹6 lakh to ₹2.5 lakh and ₹7 lakh respectively in 2021 and the benefits were valid for a period of three years, which came to an end on April 27, 2024.




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'India's growth rate among the shiniest parts of the world economy': Ajay Banga

A lot of that growth is in India, is driven by the domestic market as well, which actually is a healthy sign, in some ways, says World Bank president Ajay Banga




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China's economy grew 4.6% in July-September quarter, falling short of 5% target

The latest data show the world's second largest economy slowing from 4.7% annual growth in the previous quarter and falling short of the official target of “about 5%” growth for 2024,




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RBI maintains tight vigil on financial market and takes action when necessary, says RBI Governor Shaktikanta Das

The RBI Governor said that the central bank does not act like a policeman.




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GoM decides to cut GST on 20-litre water bottles, bicycles to 5%; raise rate on shoes, watches

The Group of Ministers on GST rate on life and health insurance decided to exempt GST on premiums paid for health insurance with coverage of ₹5 lakh for individuals other than senior citizens; final decision to be taken by the GST Council




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IMF maintains India’s growth projection at 7% for FY25

The growth rate projection is 6.5% in the next fiscal year (FY2025-26)




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The job crisis undermines state legitimacy

Unemployment is not merely an economic issue, but a fundamental political challenge that strikes at the heart of how we organise our societies




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India wouldn't be fastest-growing economy if people hadn't utilized digital infrastructure: Nirmala Sitharaman

Nirmala Sitharaman highlighted that providing free digital access to the public, coupled with extensive campaigns and awareness programs in local languages, helped people across the country embrace technology




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Finance Ministry flags softer urban demand, factory output

The Ministry’s latest monthly economic review points to evidence of a slowdown in urban demand as reflected in the performance of various indicators during the first half of FY25




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Cyclical slowdown? Nomura thinks so

Days after its research report stating ‘the growth glass looks half empty’ for India, Nomura economists signal weak urban demand is unlikely to rebound soon and GDP growth may even slip under 6.7% this year




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Bibek Debroy, Chairman of PM’s Economic Advisory Council, no more

The author, professor and former NITI Aayog member was 69.




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Bibek Debroy: Tributes pour in after death of noted economist

Prime Minister Narendra Modi and President Droupadi Murmu were among those who paid tribute to the PM’s Economic Advisory Council chairman




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Jet fuel sees 3.3% hike; commercial LPG rates rise by ₹62

This is the fourth straight monthly hike in commercial LPG prices; Commercial LPG now costs ₹1,754.50 per 19-kg cylinder in Mumbai, ₹1,911.50 in Kolkata and ₹1,964.50 in Chennai




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FMCG firms worry over high inflation, squeezing urban market; hint price hike

Rising prices of commodity inputs such as palm oil, coffee and cocoa were also accentuated and some FMCG firms have hinted at a price hike




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Government invites applications for RBI Deputy Governor

Applicants should have at least 25 years of work experience in Public Administration including experience at the level of Secretary or equivalent in the Government of India




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Nearly 98% ₹2000 banknotes returned; ₹6,970 crore worth notes still with public

On May 19, 2023, the RBI announced the withdrawal of ₹2000 denomination banknotes from circulation




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China braces for tensions after Trump victory in U.S.

As President-elect Donald Trump prepares to start his second term in office, China is looking at unpredictability in its ties with the U.S. and renewed tensions over trade, technology, and Taiwan




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Singles' Day shopping festival loses its shine under China's lagging economy

The annual event named by the numeric form of its Nov. 11 date was started by e-commerce platform Alibaba, which offered attractive discounts to entice shoppers to spend big.




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Rupee may depreciate 8-10% during Trump 2.0, says SBI report

Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows




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In South America, Trump already losing a trade battle with China

China’s trade lead in Peru over the United States widened to $16.3 billion last year, a stark reversal of just a decade ago when Washington was the dominant player.v




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At nearly 5-year high, 42.2% vegetable price rise propelled October retail inflation past 6.2% 

“High food inflation in October, 2024 is mainly due to increase in inflation of vegetables, fruits and oils and fats,” the National Statistical Office said




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On the Draw — January 2, 2024




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On the draw — January 3, 2024




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On the draw — January 4, 2024




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On the draw — January 8, 2024




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On the draw — January 10, 2024




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On the draw — January 12, 2024