o U.S. Fed rate cuts will put money in pockets, but a mood shift may take time By www.thehindu.com Published On :: Tue, 24 Sep 2024 10:27:34 +0530 Recent surveys suggest that while the pace of price increases has declined dramatically, the public’s mood is still marred by nearly two years of high inflation Full Article Economy
o The racial divide in South Africa’s economy since the end of apartheid By www.thehindu.com Published On :: Tue, 24 Sep 2024 10:41:25 +0530 South Africa has struggled for years with low economic growth and high unemployment. The official unemployment rate was 33.5% in April-June of this year. Full Article Economy
o Rupee falls 11 paise to close at 83.65 against U.S. dollar By www.thehindu.com Published On :: Tue, 24 Sep 2024 16:32:29 +0530 According to exchange data, FIIs were net buyers in the capital markets as they purchased shares worth ₹404.42 crore on September 23 Full Article Markets
o Unemployment rate stagnant, reveals government survey By www.thehindu.com Published On :: Tue, 24 Sep 2024 21:19:01 +0530 It says there is minor increase in the distribution of workers in agriculture and the manufacturing sector shows no growth in giving jobs compared to past years Full Article Economy
o ADB retains India's growth forecast at 7%; govt spending, agriculture to boost economy By www.thehindu.com Published On :: Wed, 25 Sep 2024 10:55:23 +0530 The Indian economy grew 8.2% in the last fiscal (2023-24) Full Article Economy
o India, Australia push forward on CECA talks By www.thehindu.com Published On :: Wed, 25 Sep 2024 20:54:00 +0530 Full Article Economy
o Government retains borrowing target, to raise ₹6.61 lakh crore in H2 to fund revenue gap By www.thehindu.com Published On :: Thu, 26 Sep 2024 18:48:31 +0530 The gross market borrowing of ₹6.61 lakh crore shall be completed through 21 weekly auctions. Full Article Economy
o German economy to shrink further in 2024, think-tanks issue statement By www.thehindu.com Published On :: Fri, 27 Sep 2024 10:35:39 +0530 Full Article Business
o GST Council sets up GoM on compensation cess; panel to submit report by December 31 By www.thehindu.com Published On :: Fri, 27 Sep 2024 21:26:08 +0530 In the GST regime, compensation cess at varied rates is levied on luxury, sin and demerit goods over and above the 28% tax Full Article Economy
o Export ban on non-basmati white rice removed By www.thehindu.com Published On :: Sat, 28 Sep 2024 10:44:48 +0530 Exports to be permitted with immediate effect subject to a minimum export price of $490 per tonne; duty on parboiled rice cut from 20% to 10%; revival of trade to eastern and south east Asian markets expected Full Article Economy
o FPIs inflow hit 9-month high of ₹57,359 cr in equities in September; surpasses ₹1 lakh cr mark By www.thehindu.com Published On :: Sun, 29 Sep 2024 11:29:16 +0530 In the debt markets, FPIs infused ₹8,543 crore through the Voluntary Retention Route (VRR) and ₹22,023 crore via the Fully Accessible Route (FRR) in September Full Article Economy
o Mcap of 8 of top-10 most valued firms surges ₹1.21 lakh crore; Reliance biggest winner By www.thehindu.com Published On :: Sun, 29 Sep 2024 12:11:05 +0530 The market valuation of Reliance Industries jumped ₹53,652.92 crore to ₹20,65,197.60 crore Full Article Economy
o Government claim of eight crore new jobs is data jugglery, says Congress By www.thehindu.com Published On :: Mon, 30 Sep 2024 11:52:23 +0530 Centre included even unpaid household work in its employment data, says Jairam Ramesh Full Article India
o Govt. extends deadline for filing Income Tax audit report to October 7 By www.thehindu.com Published On :: Mon, 30 Sep 2024 14:28:59 +0530 The I-T Department said that due to the difficulties faced by taxpayers in electronic filing of audit reports, the deadline is being extended from September 30, 2024 to October 7, 2024 Full Article Economy
o India’s current account deficit in Q1 FY25 widens to $9.7 billion By www.thehindu.com Published On :: Mon, 30 Sep 2024 17:32:06 +0530 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. Full Article Economy
o For the first time in 42 months, core sectors’ output tanked in August By www.thehindu.com Published On :: Mon, 30 Sep 2024 17:38:44 +0530 Six of eight infrastructure segments witnessed a year-on-year contraction in production, while fertilizers and steel output grew at a milder pace than July Full Article Economy
o Centre decides to maintain status quo of return on small savings scheme By www.thehindu.com Published On :: Mon, 30 Sep 2024 18:27:48 +0530 The interest rates on small savings schemes such as Public Provident Fund (PPF) and National Savings Certificate (NSC) are reset each quarter Full Article Economy
o Fiscal deficit in April-August at 27% of full-year target: Govt data By www.thehindu.com Published On :: Mon, 30 Sep 2024 21:44:03 +0530 In absolute terms, the fiscal deficit was at ₹4,35,176 crore as of August-end Full Article Business
o TAFE files contempt petition against AGCO over Massey Ferguson brand By www.thehindu.com Published On :: Mon, 30 Sep 2024 22:04:00 +0530 Full Article Economy
o SEBI tightens noose on insider trading By www.thehindu.com Published On :: Mon, 30 Sep 2024 23:15:51 +0530 Full Article Economy
o Fed Chair Powell says U.S. economy is in 'solid shape' with more rate cuts coming By www.thehindu.com Published On :: Tue, 01 Oct 2024 00:46:21 +0530 Full Article Economy
o GST revenue growth slowed in September By www.thehindu.com Published On :: Tue, 01 Oct 2024 18:31:26 +0530 Gross revenues rose 6.5%, while net receipts were 3.9% higher than last September; seven States record a contraction while revenues were flat in Gujarat Full Article Economy
o Government picks three new members to join RBI’s Monetary Policy Committee By www.thehindu.com Published On :: Tue, 01 Oct 2024 20:42:40 +0530 The new members are Ram Singh, Saugata Bhattacharya and Nagesh Kumar. They have been appointed for a period of four years. Full Article Economy
o Maruti, Hyundai, Tata Motors report decline in wholesales in September By www.thehindu.com Published On :: Wed, 02 Oct 2024 02:12:00 +0530 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 Full Article Economy
o SEBI to take measure for F&O segment soon; calls for tax breaks on municipal bonds By www.thehindu.com Published On :: Wed, 02 Oct 2024 04:00:00 +0530 The regulator will make a case for a tax break for municipal bonds during a meeting with the finance commission Full Article Economy
o Working with MCA to roll out PM Internship Scheme: CII By www.thehindu.com Published On :: Wed, 02 Oct 2024 11:36:31 +0530 The MCA has also launched a dedicated, user-centric portal for the scheme, which will serve as a centralised hub and a link between the companies and the aspiring interns Full Article Economy
o Rate cut hopes: at least one new MPC member a dove By www.thehindu.com Published On :: Wed, 02 Oct 2024 22:36:28 +0530 Full Article Economy
o Gold cools, oil surges amid escalating tensions in West Asia By www.thehindu.com Published On :: Wed, 02 Oct 2024 23:21:11 +0530 Full Article Economy
o Every daily wager in Odisha wants to be identified as a construction worker By www.thehindu.com Published On :: Thu, 03 Oct 2024 06:00:00 +0530 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 Full Article Economy
o No rethink on FDI curbs in multi-brand retail sector: Piyush Goyal By www.thehindu.com Published On :: Fri, 04 Oct 2024 01:30:55 +0530 Piyush Goyal said there will be no rethink on the Foreign Direct Investment (FDI) curbs in the multi-brand retail sector. Full Article Economy
o India, U.S. exploring combined engagement with third countries to source minerals: Piyush Goyal By www.thehindu.com Published On :: Fri, 04 Oct 2024 02:19:58 +0530 Piyush Goyal said that critical minerals figured in his official parleys with U.S. Commerce Secretary Gina Raimondo on Thursday. Full Article Economy
o OPEC+ could cushion Iran oil shock but not a broader disruption By www.thehindu.com Published On :: Fri, 04 Oct 2024 09:54:19 +0530 OPEC and the U.S. can help ease oil prices in case there is disruption in supply due to a full-blown conflict between Israel and Iran; while OPEC has enough spare capacity to compensate for the loss of Iranian supplies, much of that capacity is in the Gulf region and potentially vulnerable to attack Full Article Economy
o India to see steepest rise in living standard of common man in coming decades: FM Nirmala Sitharaman By www.thehindu.com Published On :: Fri, 04 Oct 2024 12:26:04 +0530 Addressing the 3rd edition of Kautiliya Economic Conclave here, the Minister said, India's critical economic performance in the recent decade was underscored by its leapfrog from the 10th to the fifth largest economy in five years. Full Article Economy
o Govt grants one-year extension to RBI Deputy Governor Rajeshwar Rao By www.thehindu.com Published On :: Sun, 06 Oct 2024 01:09:00 +0530 Rao was appointed as RBI Deputy Governor in October 2020 for a period of three years Full Article Economy
o Public inputs sought for Income Tax Act review By www.thehindu.com Published On :: Mon, 07 Oct 2024 17:27:06 +0530 These ideas may be taken up by an internal committee of the Income Tax Department that has been formed to oversee the review of the 1961 law. Full Article Economy
o RBI Monetary Policy Committee meeting: policy rate unchanged at 6.5% for 10th time in a row By www.thehindu.com Published On :: Wed, 09 Oct 2024 10:08:57 +0530 ‘RBI changes stance of monetary policy to ‘neutral’ from withdrawal of accomodation,’ says Shaktikanta Das. Full Article Economy
o RBI projects 7.2% GDP growth for FY25, CPI inflation to moderate at 4.5% By www.thehindu.com Published On :: Wed, 09 Oct 2024 12:37:18 +0530 According to RBI Governor Shaktikanta Das, growth for the fiscal year will be supported by robust quarterly performances. Full Article Business
o India plays crucial geopolitical role from American standpoint: USISPF president Mukesh Aghi By www.thehindu.com Published On :: Thu, 10 Oct 2024 11:38:53 +0530 “The economic growth story of India is tremendous. India is among very few large economies which are growing 7-8%,” Mukesh Aghi said Full Article India
o Can India escape middle-income trap? By www.thehindu.com Published On :: Thu, 10 Oct 2024 23:01:04 +0530 How does the World Bank define the threshold for middle-income economies? Why is state intervention considered crucial for breaking the middle-income trap? What lessons can be drawn from South Korea and Chile? What challenges does India face in balancing state intervention with democratic values? Full Article Economy
o RBI asks banks to ensure easier accessibility for payment systems to persons with disabilities By www.thehindu.com Published On :: Fri, 11 Oct 2024 18:14:15 +0530 RBI instructs banks to review payment systems for accessibility to persons with disabilities, ensuring digital payment inclusivity Full Article Economy
o India’s forex kitty drops by $3.71 billion to $701.176 billion By www.thehindu.com Published On :: Fri, 11 Oct 2024 18:36:47 +0530 In the previous reporting week, the reserves had jumped by $12.588 billion to an all-time high of $704.885 billion. Full Article Economy
o Net direct tax collection grows 18% to ₹11.25 lakh cr By www.thehindu.com Published On :: Fri, 11 Oct 2024 23:01:05 +0530 The income tax department had collected ₹9.51 lakh crore during the same period a year ago. Full Article Economy
o China’s Finance Minister Lan says there is room for more economic stimulus; but offers no plan By www.thehindu.com Published On :: Sat, 12 Oct 2024 11:36:00 +0530 “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 Full Article World
o Wholesale food prices surged at two-year high pace of 9.5% in September By www.thehindu.com Published On :: Mon, 14 Oct 2024 12:49:27 +0530 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 Full Article Economy
o Indian conglomerates to spend $800 billion in new projects in 10 years: S&P Global Ratings’ report By www.thehindu.com Published On :: Mon, 14 Oct 2024 15:11:24 +0530 “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 Full Article Business
o 36% surge in vegetable prices lifts September inflation to 9-month high By www.thehindu.com Published On :: Mon, 14 Oct 2024 17:54:47 +0530 Retail inflation touches nine-month high of 5.5% in September Full Article Economy
o Economics Nobel Winners 2024 and their studies on ‘how institutions are formed and affect prosperity’ By www.thehindu.com Published On :: Mon, 14 Oct 2024 21:15:04 +0530 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. Full Article Economy
o A Nobel prize for explaining why nations fail or succeed By www.thehindu.com Published On :: Tue, 15 Oct 2024 06:11:48 +0530 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 Full Article Economy
o Dearness Allowance hiked by 3% for Central Government employees ahead of Deepavali By www.thehindu.com Published On :: Wed, 16 Oct 2024 15:57:25 +0530 The government had last hiked Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners on March 8 Full Article India
o India’s logistics cost will come down to single-digit percentage in two years: Gadkari By www.thehindu.com Published On :: Thu, 17 Oct 2024 14:49:00 +0530 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 Full Article Economy