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Financial services Secretary Nagaraju M sceptical about crypto, backs RBI's cautionary stance

Department of Financial Services Secretary Nagaraju M expressed skepticism about cryptocurrencies, echoing the Reserve Bank of India's cautious stance. He highlighted concerns regarding financial stability and emphasized the need for a cautious approach. Nagaraju also urged microfinance companies to practice responsible lending and stressed the importance of climate-proofing infrastructure finance.

Tags: #Bank #Financial #Reserve #infrastructure #companies #concerns #Services #responsible #stability #microfinance #lending #expressed #cautious #climate-proofing #and

Full story at Economic Times

Public procurement norms may be tweaked to aid makers under PLI

Posted on: 19 Nov, 01:51 AM

The Indian government is considering changes to its public procurement rules to benefit manufacturers participating in production-linked incentive (PLI) schemes. One proposal being evaluated is granting deemed local supplier status to companies that contract manufacturing to PLI beneficiaries. This move aims to boost domestic production and provide greater market access to PLI participants in government procurement.

Economy likely to grow 6.7% in FY25 due to weaker Q2 performance: Report

Posted on: 19 Nov, 01:51 AM

India's economic growth is projected to reach 6.7% in 2024-25. This follows a weaker second quarter with slower growth indicators. A rebound is expected in the latter half of the fiscal year, driven by agriculture and government spending. Domestic demand will continue to fuel growth, reaching 6.5% in 2025-26 and 2026-27.

Tags: #growth #economic #expected #due #fiscal #grow #quarter #continue #FY25 #half #projected #weaker ,#weaker #driven #2025-26 #agriculture

Full story at Economic Times

Urban jobless rate at 6-year low of 6.4% in Q2

Posted on: 19 Nov, 01:51 AM

India's urban unemployment rate hit a six-year low of 6.4% in the July-September quarter, driven by increased hiring and a record-high overall labor force participation rate of 50.4%. While Jammu & Kashmir reported the highest unemployment, female labor force participation saw a significant rise, with more women entering regular employment and self-employment sectors.

Tags: #low ,#low #increased #urban #reported #significant #highest #force #female

Full story at Economic Times

Capital restructuring norms for CPSEs updated to add value

Posted on: 19 Nov, 01:51 AM

India's finance ministry has revised guidelines for capital restructuring by central public sector enterprises (CPSEs), aiming to enhance their value creation and shareholder returns. Key changes include a revised minimum annual dividend requirement and increased flexibility for share buybacks, bonus share issuance, and share splits.

Tags: #ministry #central #sector #capital #share #enterprises #bonus #add #aiming #flexibility

Full story at Economic Times

India in much better situation to manage current currency challenges: Bank of Baroda

Posted on: 18 Nov, 03:51 PM

New Delhi [India], November 18 (ANI): The Indian rupee is expected to remain under pressure in the near term, trading in a range of 84-84.5 per US dollar, according to a report by Bank of Baroda. The report attributed the weakness in the rupee to two key factors which includes the foreign portfolio investor (FPI) […]

Tags: #report #foreign #currency #Delhi #key #trading #rupee #pressure #investor #The #weakness #remain #portfolio #includes #attributed

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Financial services Secretary Nagaraju M sceptical about crypto, backs RBI's cautionary stance

Public procurement norms may be tweaked to aid makers under PLI

Economy likely to grow 6.7% in FY25 due to weaker Q2 performance: Report

Urban jobless rate at 6-year low of 6.4% in Q2

Capital restructuring norms for CPSEs updated to add value

India in much better situation to manage current currency challenges: Bank of Baroda

Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints

India likely to attract USD 20-25 billion FPI inflows in FY25, recent outflow temporary: Bank of Baroda

DLF’s KP Singh says govt’s real estate law hit unauthorised developers hard. ‘Jail, bail or bankrupt’

How Coimbatore went from city of textile mills to IT powerhouse in just 10 years

India’s spice exports set to hit $10 bn by 2030, eyes growth in new global markets

Advanced Air Mobility can improve accessibility, create new economic opportunities in India: WEF report

India-US trade relations continue to grow irrespective of change in regime

Using food inflation in rate-setting flawed; RBI should cut rates for pushing growth, says Piyush Goyal

Consider two annual editions of international trade fair: Piyush Goyal tells ITPO

Stocks dip, longer-dated US yields higher after inflation data

Dollar at one-year high as Trump trade momentum eclipses Fed easing view

Rural demand, government spending to drive growth in second half of FY25: ICICI Report

Trudeau’s economic promises go bust with high inflation, housing crisis & the economy on shaky wicket

Dollar scales six month peak as US inflation comes in focus

Public digital infrastructure helped micro level players grow in India: FM Sitharaman

MSMEs will get collateral free loans of upto Rs 100 cr through a new credit assessment model by PSU banks:

Charmadi Ghat, a key highway in Karnataka to be widened at Rs 343 Cr: MP

CPI inflation is likely to breach 6% in October: UBI report

Number of EPFO subscribers up 7.6% at 73.7 million in 2023-24

Food Corporation of India and state agencies procure 120.67 LMT paddy in Punjab

Public digital infrastructure helped micro level players grow in India: FM

How to Trump-proof India's trade policy: 'Give US tariff concessions, block Chinese dumping'

Rupee weakens to record low of 84.37 against dollar, logs worst week in 5 months

RBI sold $26 bn of reserves in a month to halt rupee depreciation, but Trump effect eventually won

Businesses with turnover over Rs 10 cr cannot report e-invoices older than 30 days from April 1, 2025

Strong demand revives India services PMI in October

ISMA pegs India’s 2024-25 sugar production at 33.3MT, calls for 26% MSP hike and sugar exports

India Inc's Q2 show is scary? Shaktikanta Das says he won't 'rush' to say economy is slowing

RBI rate cut on cards? The inflation 'horse' is still a concern for Shaktikanta Das

Oil prices edge up on weak dollar ahead of US election results

Currency market muted as investors eye US jobs report, 5 Nov. election

More pain in store for Indian equities, based on derivatives data, say brokerages

From planes to chips to laptops, India is building manufacturing ecosystem

India, Taiwan get time till Apr’25 to resolve ICT dispute at WTO

In a first, govt inks deal for contract farming of pulses

RBI parks majority of its gold reserves in India; Local holdings up 100 tonnes in H1

Gold rises Rs 300 to Rs 81,400 per 10 grams on Dhanteras

Jewellers advised to carry essential papers for seamless goods movement during Maha polls

Centre procures 60.63 lakh tonnes of paddy so far in Punjab; Rs 12200cr paid to farmers till Oct 28

Dhanteras rings in festivities, markets see enthusiasm for purchase of gold, utility items, vehicles

iPhone craze, Goa trips, to making ends meet, 'addictive' instant loan apps leading many into debt trap

Varanasi ropeway project gets Rs 322 cr funding from Swiss firm

RBI injects funds to rein in bank funding costs amid forex outflows

Nirmala Sitharaman highlights Global South's contributions to foundations of multilateral development bank

Cryptocurrencies huge risks to financial stability: RBI Governor Das

Soft landing of global economy is increasingly a possibility: Nirmala Sitharaman

Equity investors poorer by Rs 7.15 lakh cr in morning trade as markets slump

Goyal says no free trade pact if EU insists on opening dairy biz; need to respect mutual sensitivities

L&T secures order for nuclear fusion project in France

Public sector bank stocks fall 20-30% from peak as investors face reality of falling profitability

1,000% rise in 4 yrs to 40% fall in just few months, why defence stocks are going from boom to bust

Rate hikes since May '22 helped reduce inflation by 1.60%: RBI paper

India imports barely one-fourth of Hilsa on delayed Bangladesh order, low availability

India poised to sustain growth trajectory, likely to be world's 3rd-largest economy by 2027: FM Nirmala Si

Finance Minister Sitharaman courts US investors with promises of high growth and long-term returns in Indi

Silver touches Rs 1 lakh mark on MCX march contrac

Indian chemical industry set for 15-20 pc growth amid China's struggles with unused capacity: Report

Asia shares wobble while bitcoin and gold rally

Rs 40 trillion investment, 20 lakh jobs: What Naidu wants to achieve in 5 yrs with 6 industrial policies

Even working remotely can lead to burnout. Here is how to prevent it

‘Kanda Trains’ to help ease onion prices before Diwali

Relief on the way! Tomato prices in Delhi may drop as Maharashtra supply increases

Labour ministry to come up with a social security policy for gig, platform workers

India extends first-ever rupee-denominated line of credit; Mauritius gets Rs 487 crore

Direct tax mopup rises 294 percent in a decade

Nifty, Sensex open flat, Experts expect Diwali festivities to cheer markets

Oil edges up from two-week lows as investors await US inventory data

Aussie gains on jobs surprise; dollar firms on 'Trump trade'

India's wholesale prices rise 1.84% in September, food prices climb

Individuals, businesses are increasingly defaulting on microloans. Both lenders & borrowers at fault

PM GatiShakti: 208 infra projects worth Rs 15.39 lakh crore recommended for approval

Targeting to open PM GatiShakti national master plan portal for pvt sector this year: DPIIT Secy

NITI Aayog to undertake evaluation of MGNREGA