Page 27 - Economy
Labour unions ramp up efforts to take on Centre over rising prices
Inflation becoming difficult to tame, says BMS; CITU, AITUC plan to hold protest on I-Day eve
 "Labour unions ramp up efforts to take on Centre over rising prices")
Rahul slams Centre, says BJP destroyed world's fastest growing economy
Former Congress president Rahul Gandhi on Monday hit out at the ruling BJP at the Centre over high taxes and unemployment, accusing it of destroying the world's fastest growing economy
 "Rahul slams Centre, says BJP destroyed world's fastest growing economy")
GST rate hike comes in effect from Monday: Here's what will get costlier
From next week, many household items, hotels, and bank services among other things will get costlier
 "GST rate hike comes in effect from Monday: Here's what will get costlier")
Corporate debt quality remains steady in June after improving since Feb
According to CARE Ratings, upgrades in rated debt can be attributed to higher demand with the economy opening up after lockdowns, releasing pent-up demand, and lower cost of capital
 "Corporate debt quality remains steady in June after improving since Feb")
Quality standards for gig, shared economy players soon: top govt officials
Indian Bureau of Standards also mulling adoption of ISO benchmarks; need for standardisation also arises from increasing number of complaints received by consumer affairs ministry lately
 "Quality standards for gig, shared economy players soon: top govt officials")
Bonanza for Indian euro loan borrowers as currency slides against dollar
Companies will have to buy fewer dollars to repay euro debt
 "Bonanza for Indian euro loan borrowers as currency slides against dollar")
CPI inflation pegged at 6.8-7.25% in June; IIP growth at 14.5-24% in May
According to MPC's own projections, the inflation rate may not come down below 6% on average before the fourth quarter of the current financial year
 "CPI inflation pegged at 6.8-7.25% in June; IIP growth at 14.5-24% in May")
'To make the right decisions': Rishi Sunak bids to replace PM Johnson
Rishi Sunak became hugely popular during the pandemic after crafting a massive package worth tens of billions of pounds to help businesses and workers
 "'To make the right decisions': Rishi Sunak bids to replace PM Johnson")
Japan's Shinzo Abe sought to revive economy, fulfil conservative agenda
Abe, 67, appeared to have been shot during a campaign speech on Friday, national broadcaster NHK reported
 "Japan's Shinzo Abe sought to revive economy, fulfil conservative agenda")
Amid Russia's war, Ukraine's economy to shrink by at least 35% in 2022
Ukraine's GDP will shrink at least 35 per cent this year due to the conflict with Russia, said PM Denys Shmyhal
 "Amid Russia's war, Ukraine's economy to shrink by at least 35% in 2022")
PMI: India's services activity touches an eleven-year high of 59.2 in June
The jump in the services PMI corroborates the view that the services sector will lead the growth recovery in FY2023, says Aditi Nayar of Icra
 "PMI: India's services activity touches an eleven-year high of 59.2 in June")
Economic recovery gradual, uneven amidst global headwinds: RBI report
Corporate sales and profitability increasing and gross NPA of banks is at 6-year low
 "Economic recovery gradual, uneven amidst global headwinds: RBI report")
Govt allots Rs 2,516 cr for computerisation of primary agri co-op societies
The model bylaws will enable PACS to offer economic activities other than credit which includes developing cold-storage facilities in villages, running PDS shops and locker facilities for depositors
 "Govt allots Rs 2,516 cr for computerisation of primary agri co-op societies")
Signs that inflation is peaking amid global monetary policy action: Patra
The RBI Dy Governor says war in Europe threatens to 'snuff out' global economic recovery post the Covid-19 pandemic
 "Signs that inflation is peaking amid global monetary policy action: Patra")
PM Modi urges industry to set up long-term export targets, 'double efforts'
Despite disruptions in the global economy, India's goods and services exports stood at $670 billion and exceeded the $400-billion target for merchandise export alone, he said
 "PM Modi urges industry to set up long-term export targets, 'double efforts'")
Economy to grow 7.5% in FY23, will be world's fastest growing: PM Modi
The prime minister also said his government has brought about transformative changes to enable technology-led growth, in sectors such as space, new economy, green energy, and data
 "Economy to grow 7.5% in FY23, will be world's fastest growing: PM Modi")
ITC's luxury project in Colombo hit by headwinds as Sri Lanka economy sinks
Company says it remains focused on completing project in expeditious manner
 "ITC's luxury project in Colombo hit by headwinds as Sri Lanka economy sinks")
ITR filing for AY 2022-23 now available on e-filing portal, says I-T Dept
'Check your Form 26AS, AIS and other relevant documents before submission. Be an early filer,' says I-T Dept
 "ITR filing for AY 2022-23 now available on e-filing portal, says I-T Dept")
Peak power demand in India drops 12.5% as monsoon picks up pace
Total rainfall deficit drops from over 40% on June 10 to just 2% on June 21
 "Peak power demand in India drops 12.5% as monsoon picks up pace")
Ban on loading through credit lines: PPIs call for clarity from RBI
Opinion is divided over whether or not the circular will impact the popular 'Buy Now Pay Later (BNPL)' schemes offered by many fintechs
 "Ban on loading through credit lines: PPIs call for clarity from RBI")
