BUSINESS
Mild recovery not enough; manufacturing needs to grow faster to create jobs
Official figures released on Thursday show a 9.3% growth in the manufacturing sector during August but this is compared to a low base of the previous year when output contracted.
India-Pak cricket clash: 250 biryanis ordered per minute on Swiggy
Swiggy saw 250 biryanis being ordered per minute since the match started.
Despite global headwinds, RBI goes ahead of IMF, pegs growth at 6.5%
Unveiling the bi-monthly monetary policy review, RBI Governor Shaktikanta Das said on October 6 that the domestic economy exhibits resilience on the back of strong demand.
BRICS expansion could end US dollar dominance in oil trade: US financial experts warn of dangers ahead
While there is no such currency as a Petrodollar, the US currency, the dollar or the greenback is the medium in which most global trade is conducted among nations around the world. The world buys oil from the Middle East in dollars and that's how the word petrodollar stuck for the earnings of the Arab countries from sale of crude and POL (Petroleum, Oil and Lubricants).
Sitharaman calls for private sector capital funding for SDGs
Addressing the CII Roundtable in Morocco on "Reviving Growth with Inclusivity: Galvanising Private Capital to support Governments, and Multilateral Institutions", Sitharaman said that private sector capital can go a long way in advancing the SDGs.
Sitharaman calls for collective action for shared problems of IMF financial committee's member nations
Sitharaman, who attended the Plenary Meeting of the International Monetary and Financial Committee (IMFC) in Marrakech, Morocco to discuss the priorities identified in IMF MD’s Global Policy Agenda, said this during her intervention.
Creditable! Buoyed by positivity on GDP, banks expect steady credit growth
The Reserve Bank of India (RBI) has projected India’s Gross Domestic Product (GDP) to grow at 6.5 per cent in Financial Year (FY) 24.
China’s chip imports drop 15% as US tightens tech export controls
China imported 355.9 billion units of integrated circuits (ICs) from January to September, down from 416.7 billion in the same period last year, according to data published by the General Administration of Customs, reports South China Morning Post. The total value of IC imports fell 19.8 per cent to $252.9 billion.
Casino chain Delta Corp gets another Rs 6,385 crore GST notice
"The GST notice advises Deltatech Gaming Limited to pay the alleged tax shortfall along with interest and penalty failing which a show cause notice will be issued to the Company under Section 74(1) of the CGST Act, 2017," the company said in a filing with the stock exchange.
Sitharaman expresses concern over global economic slowdown, seeks reforms in IMF policy
She pointed out at the escalating global debt vulnerabilities and the importance of Global Sovereign Debt Roundtable to foster cooperation on debt issues and reforms in IMF policy to engage with members in debt distress. She said this while attending the Restricted Breakfast Meeting of the IMF Board of Governors on the theme of “Dialogue on Policy Challenges” in Marrakech, Morocco.
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