Page 16 - Indian Economy

DSR method of paddy growing: Benefits and controversies surrounding it

Direct seeding of rice is a cultivation method where paddy seeds are planted directly into the soil, eliminating the need for nursery growth and transplanting, which require fully watered conditions

Budget's inclusive urban development plan could not have been more timely

The economic growth that we envisage for becoming a high-income country cannot be achieved if our cities are not planned in a way to reach their maximum potential

Investment revival: Why reliance on govt spending alone is unsustainable

As the fiscal space tightens, it will be important for private investment to pick up to sustain economic growth over the medium to long term

EPFO will migrate to new IT platform in 3 months: Labour minister

Over the next few months, the implementation of the EPFO 2.01 Project will ease the processes and turnaround time for various member and employer transactions

Grasim achieves highest-ever Ebitda of Rs 20,837 cr: Kumar Mangalam Birla

Speaking at the company's 77th Annual General Meeting, Kumar Mangalam Birla said that Grasim Industries invested Rs 7,000 crore in its paints business

Strengthening statistics: Why India needs periodic and reliable data

It is important for policymakers in a rapidly changing economy to have timely and accurate data for making effective policy interventions

RBI asks banks to monitor credit-deposit gap to avoid liquidity issues

Indian banks' loans rose 13.7% as of July 26 from a year earlier, while deposits grew 10.6%, latest provisional data from the RBI showed

India need more reforms to stay on growth path, create jobs: IMF's Gopinath

India will need to undertake more reforms to be able to continue on the path of raising economic growth and to make sure that enough job creation happens in the country, IMF deputy managing director Gita Gopinath said on Saturday. Addressing an event here, Gopinath further said that India will be required to reduce import tariffs if it wants to be an important player in the global supply chains. "The significant improvements have been made by the government over the years in terms structural reforms." While noting that the world is in an environment where trade integration has been questioned, Gopinath said it is important for India to remain open for global trade. "Tariff rates in India are higher than in its other peer economies. If it wants to be an important player on the world stage and an important part of global supply chains, it is going to require reducing those tariffs," the eminent economist said. Gopinath said it is a tremendous aspiration to get to a developed country

Indian rice export rates fall on muted demand, prospects of higher supply

India's discount to Thailand and Vietnam's prices has narrowed, leading to lower exports

PM Modi's Independence Day speech: A blueprint for growth through reforms

UCC to India's Olympics 2036 bid: PM Modi's 78th Independence Day speech focused on reforms to make India a developed nation by 2047

78th Independence Day: 5th largest economy needs growth to trickle down

India's population reached close to 1.5 billion in 2024, according to data from the United Nations, but the average annual growth rate has slowed down to below replacement level

Why state-run oil companies are spending billions on petchem capacity

Why state-run oil companies are spending billions on petchem capacity, amid oversupply and weak margins

Used cooking oil over ethanol: Govt's new route to 5% biodiesel blending

Oil-marketing companies may expand from 200 locations to source used cooking oil

India needs to do more to win over people of Bangladesh

India must do more, such as helping its economy revive, to win the minds of people in Bangladesh.

Registration tax waiver on hybrid cars to remain: UP govt to auto companies

The state govt has announced full waiver of registration fee for strong hybrids to boost use of eco-friendly cars

Statsguru: Rising food prices in India spoil the taste of platter

In June, food inflation was at its highest rate since December at 9.36 per cent, while the headline inflation was at 5.08 per cent

Cabinet Committee on Economic Affairs gives nod to eight railway projects

The Cabinet Committee on Economic Affairs on Friday gave its nod to eight new railway projects that the government said would provide connectivity, facilitate ease of travelling, reduce oil imports and lower carbon dioxide emissions. Briefing reporters on the decisions taken by the Cabinet, Railway Minister Ashwini Vaishnaw said the proposed projects will improve logistical efficiency by connecting the unconnected areas and enhancing transportation networks, resulting in streamlined supply chains and accelerated economic growth. The total estimated cost of the projects is Rs 24,657 crore, he said. These projects will save 767 crore kg of CO2, which is equivalent to planting 30 crore trees, Vaishnaw underlined.

GST reforms shaping India's economic future

One of the most noteworthy accomplishments of GST has been its role in simplifying and expediting company compliance

India's foreign exchange reserves hit new high of $675 billion: RBI data

India's reserve position with the IMF rose by $8 million to $4.62 billion in the previous week

RBI monetary policy review: Hawks rule over doves

Credit growth needs to be moderated, and the RBI has been taking steps to reduce banks' exposure to unsecured lending.