Economy

Ahead of trade talks with US, India looks for possible tariff tweaks: Report

Centre is seeking policy tweaks with a target of enhancing access for US companies

Naming ex-RBI chief Das as key aide highlights PM Modi's economic focus

On Saturday, the government appointed Das, who served a six-year term as RBI Governor until December, as a second principal secretary to the PM, a newly created position.

India's crude oil imports in January rise to highest in eight months

India is the world's third-biggest oil importer and consumer and the data is a proxy for the country's oil demand

India's January merchandise trade deficit widens to $23 billion

On a year-on-year basis, the trade deficit in goods was again wider in January versus the revised figure of $16.56 billion in the same month of the last fiscal year

RBI to enhance liquidity next week by injecting $16 billion to cover for tax outflows

The RBI has doubled the quantum of government securities it aims to purchase to Rs 40,000 crore ($4.61 billion) on a review of current and evolving liquidity conditions

Nearly $1 billion of Indian exports at risk as Trump plans tariff on steel, aluminium imports

In the eleven months of 2024, Indian aluminum exports to the US at $777 billion were 11.5 percent of the country’s total exports of $6.7 trillion in 2023

Nirmala Sitharaman says GST Council to soon take decision on rates, number of slabs

The GST Council, chaired by Sitharaman and comprising her state counterparts, has set up a group of ministers (GoM) to suggest changes in GST rates as well as reduce slabs.

CEA Nageswaran flags land regulations as hurdle in realising India's manufacturing dreams

Nageswaran was speaking at the EXIM Bank International Economic Research annual event

Rupee opens marginally up at 86.52 on lower dollar index, easing retail inflation

On Monday, the rupee logged its biggest slump in two years and ended at record low due to strong dollar demand, outflows from local equities, and limited intervention by the RBI

India infrastructure lender plans up to $4.7 billion fundraising

India needs $2.2 trillion of investment in infrastructure to increase the size of its economy to $7 trillion by 2030, Knight Frank said in a report in December

Pilot for China-like less-than-a-minute nod to e-commerce exports soon to take off: DGFT

Government partnering with Shoprocket, DHL and Cargo Service Centre to start the pilot for less than a minute clearance of e-commerce exports

Stats ministry to soon release results of time use and capex surveys

The two-part capex survey will have one section on investments made in the past year, and the other on investment expectations for the next two years. The time use survey will capture the trends on unpaid and paid workers across gender

FM Nirmala Sitharaman holds meet for ‘big ticket’ budget reforms

Internal discussions and pre-budget meetings are underway in the Finance Ministry.

China's aging population fuels 'silver economy' boom, but profits can prove elusive

Property developers like Vanke Co. and Sino-Ocean Group and insurance companies such as Taikang Insurance Group have built high-end communities for older adults with amenities such as movie-screening and mahjong rooms and dining services.

Banking Central | Will rate-setters blink in monetary policy meet next month?

The clamour for a rate cut is rising. Will the MPC blink as the rate-setting panel gears up for the next review of the monetary policy from December 4 to 6?

Solicitor General backs NFRA’s authority to issue audit Standards on quality management

The legal opinion says that ICAI Act, 1949, does not provide Institute of Chartered Accountants of India with the authority to issue standards related to auditing or quality management

MC Poll | Indian economy likely slowed to a 6-quarter low of 6.5% in Q2 this fiscal

The 10 forecasters in the November Moneycontrol poll predicted the economy would grow 6.8 percent in FY25, with forecasts ranging from 6.6 percent to 7 percent

Bribery charges against Gautam Adani credit negative for Adani Group: Moody’s Ratings

'Our main focus when assessing Adani Group is on the ability of the group’s companies to access capital to meet their liquidity requirements and on its governance practices,' says the rating agency.

Steelmakers make new push for temporary tax to check cheap imports

India, the world's second-biggest crude steel producer, became a net importer of the alloy in the fiscal year to March 31, 2024 and the trend has continued since

Govt pushes back on key RBI proposals fearing hit to credit growth

Large parts of Asia's third-largest economy rely on bank financing with lenders' credit growing at nearly 14% over the past year

Reserve Bank's rosy India growth forecast baffles economists

The central bank has stuck to its forecast that India’s economy will expand 7.2% in the year ending March 2025

India's forex reserves drop $2.16 billion to $688.26 billion

In the previous reporting week, the overall kitty had dropped by $10.746 billion to $690.43 billion in one of the largest declines in the reserves in recent times

93% manufacturers keen on sustainability standards to boost exports, revenue: PwC survey

52 percent of executives are prioritising investments in automation for repetitive and mundane tasks to allow employees to focus on high-value work

Thaw in China ties unlikely to deter India's plans for steel tariffs: Report

Mills in the world's second-biggest producer of crude steel have been battling an influx of cheap imports, particularly those from China, which touched a seven-year high during the period from April to August