The Indian government is looking into developing a national indicator to calculate extreme poverty levels, a recent report released on Saturday revealed. The Sustainable Development Goals National Indicator Framework progress report was released by The Ministry of Statistics and Programme Implementation on Saturday, reported Moneycontrol. The report stated that currently, there is no metric to…
Global economic trends, domestic macroeconomic announcements, and foreign investors’ trading activity will drive the sentiments in the market this week, analysts noted. The market experts said that the coming week could expect some volatility based on the fluctuations in the global oil benchmark, Brent crude, and movements in the rupee and dollar. Elaborating on the…
The authorities are concerned about the recent surge in silver imports from the United Arab Emirates (UAE) since the beginning of the current calendar year, media reports said. According to a report by Business Standard, the government is worried about a 647-times jump in silver imports from the UAE in 2024. The Indian government plans…
Arvind Panagariya, Chairman, Sixteenth Finance Commission, on Saturday called for a data portal for the data collected by the commission. The official stressed that the execution of a data portal can help make the operations much more efficient and smooth. Speaking at the 18th Statistics Day event organised by The Ministry of Statistics and Programme…
Housing loan outstanding expanded faster in May 2024 than in the previous year, while growth in the personal loan segment slowed compared to the previous year. According to Reserve Bank of India data, credit growth for housing loans, the most significant component of personal loans, accelerated by 16.9 per cent to reach Rs 23.49 lakh…
The Centre established a 26-member committee to evaluate the base year for GDP. The government said that the committee would decide the alignment of GDP with other indices such as the wholesale prce index, or the index of industrial production, etc. These indices are used for calculating several economic indicators in the country. For instance,…
The government is reportedly preparing for a significant crackdown on the widespread sale of protein supplements, powders, and shakes that either lack authorised medical certifications or make misleading claims, according to a The Economic Times (ET) report citing sources. Based on an extensive study revealing concerning trends, the Food Safety and Standards Authority of India…
The Securities and Exchange Board of India (SEBI) issued revisions in the framework for Basic Services Demat Account (BSDA) to help enhance financial inclusion. The capital markets regulator as part of the changes increased the value of securities that can be held in the BSDA from Rs 4 lakh to Rs 10 lakh. The regulator…
A loan growth of 15.4 per cent for banks in FY25 has been projected by India Ratings. The rating agency further anticipates that an upturn in private capital expenditure could counterbalance any potential pressure on overall credit growth in FY25. “The RBI’s November 2023 advisory on risk weight assets has had a slowing effect on…
The World Bank on Friday authorised more funding for developing low-carbon energy in India. The global lender’s board approved funds worth $1.5 billion to finance a second operation to help speeden up the development of low-carbon energy in the country. Issuing an official release, the World Bank said that it plans to help promote the…
