Page 10 - Economy
Why did the world's biggest ship choose to skip Indian ports completely?
Poor shipping connectivity has hindered India's integration into the global value chain, according to a RBI report in 2022. The country scored 34% in the GVC participation index
 "Why did the world's biggest ship choose to skip Indian ports completely?")
Maharashtra top performer on finances, social indicators, finds study
The rankings, released by CareEdge also painted a favorable picture of Gujarat, while India's most industrialised state of Tamil Nadu ranked third with an edge in social and governance categories
 "Maharashtra top performer on finances, social indicators, finds study")
Rates are out of tune for higher-income levels, need revisions
India is somewhere in the middle when taxation for the upper-income bracket is considered, but leaving tax rates untouched can translate into a heavier tax burden on the population
 "Rates are out of tune for higher-income levels, need revisions")
NITI Aayog to rank states on measures taken to increase farmers' income
The NITI Aayog is working on this project with other stakeholder ministries and has developed several indices to rank states annually on measurable parameters
 "NITI Aayog to rank states on measures taken to increase farmers' income")
Explained: Google-CCI saga and Competition Commission's shortcomings
With Google alleging that CCI copy-pasted an order passed by European Union's General Court, gaps in manpower and capacity at CCI have surfaced
 "Explained: Google-CCI saga and Competition Commission's shortcomings")
Prez Xi warns China officials to avoid 'collusion' with big business
He also warned against "any infiltration of capital into politics that undermines the political ecosystem or the environment for economic development"
 "Prez Xi warns China officials to avoid 'collusion' with big business")
Rupee at 1-month high; US data spurs bets of slower Fed rate hikes
RBI moves push up forward premia; reduce hurdles for currency
 "Rupee at 1-month high; US data spurs bets of slower Fed rate hikes")
India, Bangladesh unlikely to cut subsidy bill as elections near: Moody's
Average fiscal deficit to be 4% of GDP in 2023, says agency's Sovereigns--Asia-Pacific report
 "India, Bangladesh unlikely to cut subsidy bill as elections near: Moody's")
Bank customers scramble to renew agreement as new locker rules kick in
People have also complained about the divergence in the value of the stamp paper required for agreement renewal
 "Bank customers scramble to renew agreement as new locker rules kick in")
Philippines rushes to import onions as prices touch nearly Rs 1,000 per kg
The Philippines' agriculture department is planning to import 22,000 tons of onions to boost domestic supply as surging prices of the cooking ingredient push inflation to a 14-year high
 "Philippines rushes to import onions as prices touch nearly Rs 1,000 per kg")
Urgent action needed to dilute risk of downturn, says World Bank
Even without another crisis, global growth this year "is expected to decelerate sharply" the World Bank said
 "Urgent action needed to dilute risk of downturn, says World Bank")
Price stability top priority for South Asia: RBI governor Shaktikanta Das
'Approach to disinflation' needs to consider risks to growth outlook, says Shaktikanta Das
 "Price stability top priority for South Asia: RBI governor Shaktikanta Das")
Italy's inflation reaches 37-yr high in 2022, rises to 8.1% y-o-y
The 8.1 per cent annual inflation rate includes data from the early part of the year when inflation was still low
 "Italy's inflation reaches 37-yr high in 2022, rises to 8.1% y-o-y")
Ukraine under largest economic slump post-independence, war 'accountable'
In the ongoing conflict between Ukraine and Russia which has resulted in widespread devastation of life and property, Ukraine has suffered its sharpest economic decline in over 30 years in 2022
 "Ukraine under largest economic slump post-independence, war 'accountable'")
Ukraine's economy fell 30.4% in 2022, largest annual drop in 30 years
Preliminary economy ministry data on Thursday showed a 30.4 per cent drop in gross domestic product last year and economic analysts said risks and uncertainty remain high
 "Ukraine's economy fell 30.4% in 2022, largest annual drop in 30 years")
Chennai, Southern cities top in terms of women employment: Report
Six cities from the region rank among the Top 10 in terms of women's employment
 "Chennai, Southern cities top in terms of women employment: Report")
Singapore's retail sales grew 6.2% year-on-year in November 2022
DOS of Singapore announced that the country's retail sales grew by 6.2 per cent year on year in November 2022, following the about 10.3 per cent year-on-year increase recorded in the previous month
 "Singapore's retail sales grew 6.2% year-on-year in November 2022")
Sri Lankan economy to recover in second half of 2023: Central bank
The central bank said that structural economic impediments that existed across various spheres of the economy over decades were compounded by economic shocks, along with ill-timed policy choices
 "Sri Lankan economy to recover in second half of 2023: Central bank")
Govt cautions against private surveys on unemployment, alleges bias
Labour ministry's response comes after private group's data showed India's unemployment rose to a 16-month high of 8.3 per cent in Dec
 "Govt cautions against private surveys on unemployment, alleges bias")
Amazon secures $8 bn in term loan to safeguard against economic headwinds
Amazon has frozen hiring for corporate roles in its retail business
 "Amazon secures $8 bn in term loan to safeguard against economic headwinds")
