Page 22 - Economy

$1.2-trn 'PM Gati Shakti' plan can snatch away factories from China

Under a $1.2 trillion mega project called PM Gati Shakti -- Hindi for strength of speed -- Modi's administration is creating a digital platform that combines 16 ministries

Cotton sector pins hopes on stable demand-supply situation in new season

Yarn makers, though, complain of sharp drop in demand and growing stockpiles

BJP leader Subramanian Swamy meets Sri Lanka's Rajapaksa brothers

Senior BJP leader Dr Subramanian Swamy on Thursday met Gotabaya Rajapaksa here, becoming the first foreign visitor to call on the ousted Sri Lankan president, following his return to Colombo after fleeing the country amidst unprecedented protests against his government's mishandling of the island nation's economy. Swamy, a close friend of the Rajapaksa family who is in Sri Lanka to attend a conference of the General Sir John Kotelawala Defence University on national security, also met with Gotabaya's brother Mahinda Rajapaksa on Wednesday evening and attended the Navratri pooja at his residence, sources said on Thursday. "Swamy, a close friend of the Rajapaksa brothers attended the Navaratri pooja held at Mahinda Rajapaksa's official residence last night before calling on Gotabaya Rajapaksa this morning," sources said. Swamy has become the first foreign visitor to call on Gotabaya since he returned early this month after his self-imposed exile after facing a violent nationwide prote

India's CAD may have breached 3% of GDP in Q1 on surge in imports

Analysts peg full-year figure at $120 bn, but say it will be lower as proportion of GDP than FY13 levels

Small oil and gas field operators ask govt for exemption from windfall tax

The central government from July 1, 2022, levied a tax on crude and petroleum products to capture supernormal profits of energy companies amid a sharp rise in global oil prices

Centre for disinvestment of CPSEs under 2 ministries, 3 departments

These include CPSEs under the Ministries of Housing & Urban Affairs and Health & Family Welfare, and Departments of Pharmaceuticals, Telecommunications and Fertilisers

Foreign trade policy extended by six months amid global headwinds

An FTP is an elaborate policy guideline and a strategy to promote export of goods and services

Bank of England eyes market turmoil, says 'will not hesitate' to act

Finance minister Kwasi Kwarteng sent sterling and govt bonds into freefall with a so-called mini-budget that was designed to grow the economy by funding tax cuts with huge increases in govt borrowing

US economy may be entering 'new normal' after pandemic, says Jerome Powell

Powell and his colleagues are moving rapidly to reduce the highest inflation in nearly 40 years after being slow to spot the threat of broadening price pressures.

Gains ahead for SBI: Higher NIM could lead to double digit earnings growth

A recovering economy may lead to higher credit demand from corporates, despite rising rates and there are signs that retail consumption is picking up

Microsoft CEO confident about Activision deal approval, handling of economy

Nadella said the company will keep growing in some areas after adding approximately 70,000 workers during the pandemic

Top headlines: IPO disclosure norms, moonlighting, telecom bill, and more

From the provisions in the new telecom bill to Sebi coming up with disclosure norms for IPOs of new-age companies, here are the top headlines on Friday

TMS Ep264: End of pandemic, Apple, global equities, Goldilocks scenario

Is the end of the pandemic in sight for India? What is the significance of Apple's 'Make in India' push? Is it time to diversify to global equities? What is Goldilocks scenario? All answers here

Govt employees' pension: 'Old versus new' debate gathers momentum

Reverting to OPS is being considered an easier option from a political standpoint, but could financially stress the states

At it yet again! The sequencing problem in setting a base year for GDP

The current datelines imply the GDP changes will happen only after the general elections of 2024

Will NITI Aayog-like bodies come up in the states and will they deliver?

Experts believe that merely replacing the state boards with Aayog-like bodies will not make them institutions which would be looked at seriously by the governments

Does a ban on commodities futures trading help govt solve inflation woes?

Futures trading in commodities has been banned at the drop of a hat despite numerous past committees and panels finding no direct linkage between such trading and price rise

Recovery tracker: Lower mobility, power generation in week ended Sept 14

Railway freight traffic numbers were higher than before

Centre plans to offer sops for natural farming under national mission

The central government is considering offering sops to farmers to adopt natural ways of farming, which will be part of a soon-to-be-launched national mission

Supply chains aren't broken, have evolved for the better in some places

The dismal state of American manufacturing combined with resilient Asian supply chains has brought into focus the crucial global role of industrial giants like South Korea, China and Japan