News
India's new wage code could raise pay without hurting jobs. Here's how
2+ hour, 30+ min ago (755+ words) First, it harmonises definitions across wage-related provisions, introducing a uniform definition of "wages" with a 50% cap on exclusions of total remuneration, thereby preventing the artificial suppression of the base (pre-tax) wages. The cap on in-kind remuneration at 15% further standardises the…...
Forex kitty drops by USD 7. 79 bln to USD 690. 693 bln
19+ hour, 29+ min ago (238+ words) Mumbai, May 8 (PTI) India's forex reserves dropped by USD 7. 794 billion to USD 690. 693 billion during the week ended May 1, the RBI said on Friday. In the previous reporting week ended April 24, the overall reserves had declined by USD 4. 82 billion to USD…...
Why Indian business houses aren't investing in the country despite government push
2+ day, 1+ hour ago (504+ words) Indian business rarely does exactly what the government wants it to. For the past decade or so, for example, it has obdurately refused to invest as much as officials think it should. Last week, chief economic adviser'V. Anantha Nageswaran'said'that profits…...
Why NITI Aayog and EAC-PM should produce reports on where the Indian economy is headed
3+ day, 2+ hour ago (902+ words) The Print Why NITI Aayog and EAC-PM should produce reports on where the Indian economy is headed The EAC-PM and a new-look NITI Aayog can supplement the efforts of the RBI and the finance ministry in improving our understanding of…...
Weak rupee indicates India's economy has more problems than just West Asia war, writes global media
1+ week, 17+ hour ago (654+ words) New Delhi: The Indian economy has dropped to sixth place, with Britain returning to the top five, due to the rupee's depreciation against the dollar, mainly, according to The Economist'sreporton IMF global economic statistics. "The reordering is largely the fault…...
India's workforce is stuck in low productivity. Here's what must change
1+ week, 23+ hour ago (334+ words) India's economic growth over the past three and a half decades has been striking but the headline numbers carry a persistent and increasingly urgent challenge of addressing the structural weaknesses in India's labour force. First, India's labour force participation rate…...
Rupee "fundamentally undervalued, says chief economic adviser Nageswaran
2+ week, 22+ hour ago (221+ words) New Delhi: India's rupee is "fundamentally undervalued," the country's chief economic adviser said, adding that current levels could draw investors. "For long-term investors, the rupee's current valuation provides an attractive entry point," V. Anantha Nageswaran said in an interview Thursday. The…...
FM urges bankers to brace for AI threats amid Anthropic concerns
2+ week, 1+ day ago (454+ words) New Delhi, Apr 23 (PTI) Finance Minister Nirmala Sitharaman on Thursday convened a high-level meeting with heads of banks to assess emerging cybersecurity risks linked to advanced artificial intelligence models, amid global concerns over Anthropic's Claude Mythos system and its potential…...
Fed chief nominee Warsh vows to keep monetary policy independent of politics
2+ week, 3+ day ago (620+ words) By Howard Schneider WASHINGTON, April 21 (Reuters) " Federal Reserve chief nominee Kevin Warsh told U. S. senators on Tuesday he would make monetary policy decisions independent of any advice or pressure from President Donald Trump, highlighting success in keeping inflation low as the…...
Japan is doing everything "wrong" with its economy. And, it"s working
2+ week, 4+ day ago (454+ words) Japan should technically be in trouble if every conventional economic rule is taken into account. The nation is experiencing growth of less than 1 per cent, a declining population, an ageing workforce, and a public debt level that ranks among the…...