Page 4 - Economy

At China political meeting, internet bosses are out, chip execs are in

Economy showing signs of recovery from its Covid slump

Foreign exchange reserves fall $325 million in a week to $560.94 billion

Following sharp increases in the reserves in November and December, the RBI's kitty has been declining for the past few weeks

Free markets may not create competition on their own: CEA Nageswaran

'Morality, ethics should undergird free-market economy'

MGNREGA: Why govt's app-based attendance system is facing protest

Rural Development Minister Giriraj Singh termed the recent measures steps to check corruption in the scheme and said the government would not compromise on transparency

Indians spent a record amount on foreign travel in 2022. Here's how much

An analysis of tourism data shows that India earns significantly more from foreign tourists coming to India than what Indians spend abroad

Investment facilitation for development or trouble?

Germany, Spain, France, Netherlands, and Italy pulled out of the Energy Charter Treaty last year to stave off the ISDS mechanism

US expands crackdown on China with export restrictions on Inspur, BGI

The Commerce Department added a number of companies to the so-called Entity List for acquiring and attempting to acquire US-origin items in support of China's military modernization efforts

Pakistan raises key rate by 300 bps, slaps Rs 3.23 power surcharge

Rate now highest in 26 years; currency falls to record low, $ bonds slump

Markets brace for potential default by Pakistan as $7 bn debt looms

Pak was downgraded deeper into junk by Moody's Investors this week as the country faces its worst economic crisis in decades, with foreign reserves plummeting and inflation soaring to record high

Pakistan's CPI jumps 31.5%, retail inflation highest in 49 years

Pakistan's annual inflation, measured by the Consumer Price Index (CPI), soared to a record high of 31.55 per cent in February, compared to 27.6 per cent in the previous month

Manufacturing PMI at a 4-month low of 55.3 in Feb as input costs rise

The survey noted that the February data pointed to a consecutive twenty-month rise in manufacturing production

Demand remained muted despite the largely Covid-free festival season in Q3

Growth in private final consumption expenditure was down 7 percentage points from Q2

Delhi LG launches portal for quick licencing of eating establishments

Delhi LG V K Saxena on Tuesday launched a single window portal for licencing of eating and boarding establishments, which he said would "boost" the night-time economy of the national capital. The much simplified single window portal will help entrepreneurs, businessmen and start-ups in the hospitality sector ensuring that a single easy-to-fill form, enables them to get or renew licences from five different agencies simultaneously within a fixed timeframe of 49 days, said an official statement. These agencies include the Delhi Police, Municipal Corporation of Delhi (MCD), New Delhi Municipal Committee (NDMC), Delhi fire service and Delhi Pollution Control Committee (DPCC). "Establishments will now be able to operate under a much simplified, minimal and enabling licencing regime, in the national capital," it said. Saxena said this major step has "reformed, simplified and overhauled" a regulation that had been existing since 1980 and had become extremely obstructionist for the ...

Labour-intensive manufacturing segments facing external headwinds

Experts say manufacturing is declining due to a slump in overseas demand and production-linked incentive schemes will take time to yield results

Janet Yellen visits Ukraine, underscores continued US economic support

US Treasury Secretary Janet Yellen said Monday her first visit to Ukraine underscored Washington's commitment to continuing its economic support for the country, as the din of air raid sirens echoed across the Ukrainian capital. Yellen said following talks with Ukrainian Prime Minister Denys Shmyhal that the US has provided nearly USD 50 billion in security, economic and humanitarian assistance and announced another multibillion dollar package to boost the country's economy. Shmyhal offered thanks to the U.S. for its support and hailed Yellen as a "friend of Ukraine. He said Ukraine's budget deficit now stands at USD 38 billion and that the U.S. will provide another USD 10 billion in assistance by September. Shmyhal and Yellen also discussed sanctions aimed at weakening Russia's economy as well as the possibility of using Russian frozen assets to help in Ukraine's economic recovery. Yellen repeated U.S. President Joe Biden's message that Washington will stand with Ukraine for as lo

Graded KYC for online gaming platforms likely to receive MeitY approval

Platforms must follow verification procedure as prescribed under RBI's directions for entities regulated by it

Fresh public sector employment declined in 2022 by 8.8%, shows data

The share of young women getting these jobs, however, declined to 35.4 per cent in 2022, from 37.1 per cent in the preceding year, contrary to the trend seen at the Centre

Chintan shivir on drugs to diagnose and treat issues of trust, quality

Proposals to be discussed at Hyderabad conclave include having a centralised drug registration system under CDSCO

Uncertain future for EV dealers as manufacturers face subsidy halt

Many are considering shutting shop as supplies are down to a trickle and operational costs exceed revenues

The real story behind real interest rate

While the debate will continue about the benchmark rate to calculate real interest rate, both for the lenders and the savers, shouldn't all rates be higher than the rate of inflation?