Page 361 - Economy

MGNREGA demand dips 19% as agriculture activities pick up pace

July and August are usually considered lean months for the scheme in terms of demand for work as agricultural activities are in full swing in the rural parts of the country

Centre to monitor wholesale and retail prices of 16 more food items daily

Allows states to buy rice for their schemes; starts selling tomatoes at Rs 60/kg in Delhi

RBI's tighter liquidity norms credit positive for banks, says Moody's

The central bank released a set of preliminary guidelines last month, including suggesting that banks will be required to allocate an additional 5 per cent reduction in the stability of retail deposit

97.92% of Rs 2,000 banknotes returned; Rs 7,409 cr worth still with public

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

Factories across Europe, Asia struggled in July as demand waned, shows PMIs

It was a broadbased downturn in the euro zone while a slump in China's manufacturing activity suppressed its Asian neighbours

RBI releases draft rules for Aadhaar based payment operators to avert fraud

The proposals focus on streamlining the process for onboarding of AePS touchpoint operators and on-going due diligence, as per an official statement on the central bank website

Strategic reforms can enhance India's appeal to global investors: GTRI

India attracted $44.4 billion in FDI (foreign direct investment) in FY2024, which is only 1.1% of its GDP

Commercial LPG rate up by Rs 6.5 per cylinder, jet fuel price hiked 2%

Rate of cooking gas used in domestic households, however, remained unchanged at Rs 803 per 14.2-kg cylinder

Mid-tech FDI for job creation need of the hour: Business Standard panel

Panel stresses the need to keep import tariffs low and stable; says private sector required to create jobs as mentioned in Budget

Over 70 mn ITRs filed for FY24 till 7 pm on last day: I-T department

The total number of ITRs for AY 2023-24 (fiscal year 2022-23) filed till July 31, 2023 were more than 67.7 mn, with over 6.433 mn ITRs being filed on 31st July, 2023

At 4%, India's core sector growth slowest in 20 months: Govt data

Slowdown reflects a high base and reduced electricity demand, down from 6.4% in May and 8.4% last year

Centre's fiscal deficit in Q1 at 8.4% of FY25 target, shows CGA data

Total non-tax revenue for first three months of FY25 stands at Rs 2.8 trillion

Goyal shows hope, says right steps would make India $55 trn economy by 2047

Goyal added that EV focus, and reduction in imports of goods, oil seeds, rubber and pulses would help further strengthen the domestic currency

FM Nirmala Sitharaman stresses commitment to cooperative federalism

The FM said the Budget has struck a healthy balance between growth, employment, welfare spending and fiscal consolidation, and promotes cooperative federalism

Govt extends deadline for meeting MPS norms for CPSEs till Aug 2026

The central government in the public interest provided exemption up to August 1, 2026, to increase public shareholding to at least 25 per cent in CPSEs

Budget 2024: No 'budget' for energy transition is a cause for concern

Withdrawing funds for the initiative to be taken up by oil refiners, who have lost their power to price fuels for the last few years, is a cause for concern

Production growth in key infra sectors down to 4% in June, shows data

The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 8.4 per cent in June 2023

April-June fiscal deficit at Rs 1.36 trillion, 8.1% of 2024-25 target

Total government expenditure during the period was Rs 9.7 trillion, or about 20.4 per cent of the annual goal, lower than the Rs 10.51 trillion in the same period last year

DMRC to prepare project report for Indore-Ujjain, Pithampur metro corridors

The estimated distance for these corridors is 84 km. Phase 1 of the Indore metro line is expected to begin operations later this year

Ind-Ra ups FY25 GDP growth forecast to 7.5% on expectation of high demand

Ind-Ra's growth projection is higher than that of RBI which projected FY25 growth at 7.2 per cent and Finance Ministry's Economic Survey which estimated GDP expansion between 6.5-7 per cent