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STATE LEVEL ECONOMIC ACTIVITY
RBI governor backs Tata Sons classification, says large NBFCs must follow listing normsRBI Governor Sanjay Malhotra explains the need for Tata Sons to register as an upper-layer NBFC. Large NBFCs handling public funds are requ...- RBI does not target any specific Rupee level, focuses on curbing volatility, says Governor Sanjay MalhotraReserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the central bank does not target any specific exchange rate or level fo...
- Satellite lights, Google searches cut state growth estimation errors by up to 62%: RBI studyRBI study indicates that combining night-time light data with Google search trends can improve state economic growth estimates. Researchers...
- Global Market: Bank Indonesia defends policy mix after market confusionBank Indonesia has defended its latest policy package combining an unchanged benchmark rate, a higher deposit facility rate and reserve req...
- India must avoid copying China's aggressive tax policies on private wealth and offshore assetsDeveloping economies often look to the US and China for cues on taxation, infra spending and policy. India, for one, must steer clear of em...
- 10,000 daily steps not needed: A much lower walking target can help reduce brain disease risk, finds new studyA 10,000-step daily target may not be necessary to support brain health. Researchers have found that a much lower number of daily steps is ...
- Global Market: China's yuan hits more than four-year high against dollarIn a remarkable turn of events, China's yuan has surged against the US dollar, hitting levels unseen in over four years. This strength is l...
- Global Market: BOJ's Himino says Japan inflation near 2% target, signals further rate hikesBank of Japan Deputy Governor Ryozo Himino says underlying inflation is nearing the central bank’s 2% target, while accommodative financial...
- In 1865, a silver discovery helped turn Belmont, Nevada, into a boomtown; by 1900, only about 20 people remained after most mines closed, despite more than $6 million in oreBelmont, Nevada, once a bustling mining hub during the silver rush era, experienced a dramatic decline in its population as resources dwind...
- Global Market: China's yuan hits four-year high on export strength, weak dollarChina’s onshore yuan touched a more than four-year high against the US dollar, supported by robust exports, resilient economic growth, fore...
- Vietnam's export boom offers India six lessons for growthVietnam’s export success offers India six lessons: simplify tariffs, strengthen top-level industry engagement, expand free trade access, ea...
- Disability, elderly care likely to qualify for CSR spendingCompanies need to comply with CSR obligations if they have a net worth of ₹500 crore or more, turnover of ₹1,000 crore or more, or a net pr...
- Global Market: Eurozone bond selloff to weigh on growth, curb inflation, Lagarde saysECB President Christine Lagarde warned that a global bond selloff is tightening euro zone financial conditions, raising borrowing costs and...
- Global Market: China’s yuan hits four-year high as strong GDP data ease stimulus concernsChina’s yuan strengthened to a four-year high against the US dollar following stronger-than-expected third-quarter economic growth and impr...
- Time to engage smartly with China: Push premium Indian exportsPiyush Goyal has articulated a vision for recalibrating India's economic ties with China, focusing on balanced trade. Both nations are enga...
- Who will pay for today's optimism if AI goes wrong? CEA Anantha Nageswaran answersChief Economic Adviser Anantha Nageswaran raised concerns over the financial risks linked to artificial intelligence. He stated that financ...
- PM-AJAY: 18,093 villages declared Adarsh Grams, 785 student hostels completedThe Centre has declared 18,093 villages Adarsh Grams under the Pradhan Mantri Anusuchit Jaati Abhyuday Yojana (PM-AJAY), while 785 student ...
- Why India's steel demand is defying global weaknessIndia’s steel prices are rising despite weak global markets, supported by infrastructure spending, manufacturing growth and higher input co...
- States asked to expedite capex loans utilisationThe Department of Expenditure has urged states to expedite their use of interest-free loans for capital investment. With only a quarter of ...
- Global Market: BoE's Megan Greene says UK interest rates may not be restrictive enoughBank of England policymaker Megan Greene said the IMF’s upward revision to the UK’s economic growth forecast supports her view that monetar...
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