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Saturday, May 4, 2024
TopicEconomy

Topic: Economy

India’s economic growth at 6.3% for second quarter, slower than previous months

Government capital spending increased more than 40% during the quarter as it stepped up expenditure on roads to railways, according to official data on Wednesday.

Optimism in short supply — why India’s economy might win the sprint, but lose the marathon

Indian economy is out-performing right now, but issues like unemployment, poor state of education & healthcare will show up in extensive stunting in children — tomorrow’s workforce.

Indian shares hit over one-month high as IT, auto stocks rise

Asian stock markets climbed Monday on hopes that the Fed might sound less aggressive about rate hikes.

Reliance reports flat profit amid export taxes and weak refining margins

The Indian government's decision to levy windfall tax on exports of gasoline, diesel and aviation fuels hit profit by 40.39 billion INR, Reliance said.

India’s fiscal, monetary authorities to be watchful amid ‘global gloom’, finance ministry

Measures undertaken by the govt to reduce burden of soaring inflation on consumers,by increasing fertiliser subsidies & other welfare measures, could stress finances, reports stated.

Rupee likely to slip on concerns over US yields as Asian currencies extend losses

The rupee is tipped at around 82.82-82.86 to the dollar at open compared with 82.76 in the previous session. On Thursday, rupee dipped to a record low of 83.25.

India has sufficient foreign reserves & deficit to remain sustainable, as per Fitch Ratings

The ratings agency added that India's public finances remain the key driver of the country's sovereign rating and its limited reliance on external financing helps.

Central govt allows exports of wheat flour processed from imported grain

India will allow food processors to import duty-free wheat against a commitment to export flour, the order said.

UK PM Liz Truss rethinking tax-cut plans amid vocal criticism of economic strategy

The government has repeatedly said it would stick to most of her tax cut plans while also protecting public spending, but economists and critics say something has to give.

Passenger vehicle sales nearly double in Sept vs year ago after semiconductor shortages ease

With demand high during festive season, sales doubled to 3,07,389 units from a year ago, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.

On Camera

Prajwal Revanna case shows why and how sexual crimes by men in politics can go unchecked for years

It would be a disservice to the women of Hassan to look at Prajwal Revanna’s alleged abuse of power as a ‘sex scandal’. Allegations against him show what ‘absolute power corrupts absolutely’ actually means.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.