India · Economy
The Hindu Economy
- Why are bank employees going on strike even after govt withdrew PLI scheme?Public sector bank employees have announced a nation-wide strike on September 11, and another one on September 28-30, and an indefinite strike from October 26
- PM-KUSUM 2.0 announcement likely soon; agrivoltaics to get dedicated componentLaunched in 2019, PM-KUSUM seeks to expand the use of solar energy in agriculture.
- 11 insurers begin Ind AS transition from FY27; IRDAI tracks rest for FY28It is continuing to facilitate the smooth and consistent implementation of Ind AS across the sector. Also closely monitoring insurers that have been granted forbearance and are scheduled to adopt Ind AS from FY28.
- Women’s representation in senior corporate roles falls; Avtar flags US DEI pullbackWomen’s share of Corporate Executive roles among Best Companies falls to 16.7% from 20%; Avtar managing director Saundarya Rajesh says US policy changes have had a “very strong impact” on women in India
- Double deflation debate over GDP methodology no ‘great battle’: Niti Ayog Vice ChairmanPrivate capital expenditure (capex) cycle to gain significant momentum once capacity utilisation in the private corporate sector reaches 80%, up from the current 70–75% levels.
- FCNR(B) deposits: Who bears the currency risk? | ExplainedThe RBI swap shields banks from currency risk on the principal, while banks have to manage dollar interest payments themselves, leaving some exposed if the rupee weakens
- NMDC raises lump ore price by ₹150/tonne, holds price of finesThe new price is ₹5,400 per tonne
- Public Accounts Committee flags failure to transfer ₹9,222 crore in cess collections to designated reserve fundsMembers question the Finance Ministry’s explanation; panel chief K.C. Venugopal says cess proceeds must not be used to finance fiscal deficit instead of their intended purpose
- India has 51 days coal stocks to meet power demand; production recovers after monsoon disruptionThe Central Electricity Authority (CEA) had observed recently that 53 thermal power-plants were holding 25% or less than their overall coal requirements.
- Govt puts bank staff performance-linked incentive scheme on hold ahead of strikeThe decision followed a meeting between Finance Minister Nirmala Sitharaman and a delegation of bank employees
- What prompted India’s return to the ‘A’ rating after 35 years?While most sovereign credit rating agencies rate India a grade or two above ‘junk’ status, the recent upgrade by the Japan Credit Rating Agency sees India return to the ‘A’ grade for the first time since early 1988
- LPG booking interval for rural consumers cut to 25 days from 45This brings the interval between bookings for rural consumers on par with urban consumers, for whom the period remains unchanged at 25 days
- Govt spurs coal rake loading by 20% to strengthen stocks positions at thermal plantsCEA data indicates 53 domestic coal-fired plants were operating with less than 25% of their critical normative requirements as on September 5
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