Business Standard - February 01, 2025

In this issue

February 01, 2025

vs 'Profitability hiring in India Inc needs a relook'

V ANANTHA NAGESWARAN, chief economic adviser to the Government of India, in a conversation with Ruchika Chitravanshi in New Delhi, discusses the need for deeper deregulation across all levels of the government and the importance of dispelling fears surrounding the growth of small and medium enterprises.

3 mins

Economic Survey bats for deregulation stimulus

The pre-Budget Economic Survey for 2024-25 made a strong case for \"deregulation,\" particularly at the state level, to spur capital formation and drive employment and output growth.

4 mins

Show aquisition plan to Go First lenders, NCLAT tells Busy Bee

The National Company Law Appellate Tribunal (NCLAT) on Friday told Busy Bee Airways, a bidder for Go First, to present their plan to acquire the company before the airline's lenders.

1 min

Good Glamm looks to raise ₹250 cr amid financial challenges

Beauty and personal care unicorn Good Glamm Group is actively scouting for investors to raise around ₹200-₹250 crore, as it grapples with financial challenges, which recently led to the exit of three directors from its board.

1 min

Lodha brothers agree to mediation

Abhishek and Abhinandan Lodha, the billionaire brothers, confirmed their willingness before the Bombay High Court to solve the trademark dispute through mediation.

1 min

Survey outlines reforms agenda for 'Viksit Bharat'

Butterfly and Dragon becomes the talking points in the Economic Survey 2024-25.

3 mins

8% growth needed for 2047 goal

Investment, jobs, and deregulation vital for India's development

2 mins

SALARIED, SELF-EMPLOYED REAL WAGES BELOW 2017-18 LEVELS

Real average monthly wages for self-employed and salaried workers in 2023-24 stood below the 2017-18 levels. Data in the Economic Survey for Financial Year 2024-25 (FY25) showed that real monthly wages for male self-employed workers were 9.1 per cent lower (₹8,591) in 2023-24 as compared to 2017-18 (9,454) level.

1 min

Workers need cover from AI impact

Both govt, pvt companies should introduce Al over optimised period to minimise job loss

3 mins

A 'virtuous cycle of job creation' via labour reforms

By simplifying compliance, fostering labour flexibility, and promoting worker welfare, labour reforms in the country have created an enabling environment that balances ease of doing business with the protection of workers' rights, according to the Economic Survey 2024-25.

2 mins

Digital economy offers unique chance to bridge gender gap

Both govt, pvt companies should introduce AI over optimised period to minimise job loss

3 mins

Economic Survey hits some right notes

Undeniably, the backdrop for the Economic Survey this year is more complicated.

3 mins

Business Reforms Key to Unlocking Faster State-Specific Growth

States need to focus on business reforms as a priority to achieve faster growth in industrial or service sectors where they have natural advantages, the Economic Survey 2024-25 released on Friday observed.

2 mins

Excessive financialisation can hurt economy

The Economic Survey of 2024-25, tabled in Parliament on Friday, has identified financialisation as a risk and said such a phenomenon has resulted in unprecedented levels of public- and private-sector debt in developed economies.

2 mins

Balance climate action with fossil fuel investments

India's climate goals: More adaptation, less Chinese dependence

2 mins

Consistent 5% farm growth can help absorb surplus labour

The Economic Survey for 2024-25 (FY25) has said a consistent and stable growth of agriculture at around 5 per cent, with a 20 per cent share of overall GVA (gross value added) in the economy, would absorb surplus labour as output per worker and output per hectare rise.

2 mins

It's time to adapt

Global temperature rise is here to stay.

3 mins

PPPs in infra projects need 'wholehearted acceptance'

The Economic Survey 2024-25 has called for the \"wholehearted acceptance\" of public-private partnerships (PPPs) in several infrastructure projects across the country.

2 mins

'Rural India is firing on not all but as many good cylinders as possible'

India needs to raise its game by relying on domestic drivers of growth through deregulation at a time when globalisation will no longer provide a tailwind, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Friday.

1 min

OOPE declines, school enrollments rise as social expenditure surges

An increase in social services expenditure (SSE) — on the rise since 2016-17 — has not only reduced out of pocket expenditure (OOPE) for health care, but has also led to better school enrollment and a slide in dropout rate, highlighted the latest Economic Survey.

2 mins

AI coupling with financial sector will foster innovation: SBI chief

The increasing integration of Artificial Intelligence and Gen AI with the financial sector has the potential to foster innovation and transform the banking sector in the coming years, SBI Chairman CS Setty said on Friday.

1 min

Infra Lending Growth Falls in Dec

The lending to infrastructure sector covering power, roads, ports, and airports rose by just 1 per cent year-on-year (Y-o-Y) in December 2024, down from 5.8 per cent.

1 min

AI coupling with financial sector will foster innovation: SBI chief

The increasing integration of Artificial Intelligence and Gen AI with the financial sector has the potential to foster innovation and transform the banking sector in the coming years, SBI Chairman C S Setty said.

1 min

Credit growth moderates in personal loan segment: RBI

Bank credit to personal loan segment moderated to 14.9 per cent year-on-year in December, largely due to decline in growth in 'other personal loans', 'vehicle loans', and 'credit card outstanding', according to Reserve Bank of India (RBI) data released on Friday.

1 min

Sunita Williams breaks record for spacewalking

It was the ninth spacewalk for Williams, who has been stranded on ISS with a colleague since June 2024

1 min

A pitcher of humanity

Under the pen name \"Kalkut,\" meaning \"life-taking poison,\" the prolific Bengali writer Samaresh Basu authored a travelogue-style novel more than 70 years ago, titled Amrita Kumbher Sandhaney, which translates into \"In Search of the Pitcher of Nectar.\"

3 mins

The Growth Path

Economic Survey Presents a Realistic Assessment

3 mins

US crash renews air safety concerns

Clues emerging from the moments before collision suggest breakdowns in the system meant to help aircraft land safely

5 mins

Sebi raises concerns over greenwashing by India Inc

Securities and Exchange Board of India's (Sebi's) whole-time member (WTM) Amarjeet Singh on Friday voiced concern over greenwashing and misleading disclosures related to environment, social, and governance (ESG) metrics.

1 min

Strong order inflow, execution likely to be positives for L&T

Larsen and Toubro (L&T) has beaten consensus on engineering and construction or E&C order inflow (up 64 per cent Y-o-Y) and execution (up 20 per cent Y-o-Y) in Q3FY25.

2 mins

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