Economy

India a significant trade partner for Ethiopia and Jordan, shows data

India-Ethiopia trade at $550M, India-Jordan at $2.67B; pharma and engineering exports key focus areas

300 products hold huge potential for Indian exporters in Russia: Official

At present, India's exports of these goods to Russia stood at $1.7 billion, as against Russia's $37.4 billion in imports

Parl Panel urges diversification of crude sources to cut geopolitical risks

In its report tabled in Parliament last week, the Public Undertaking Committee noted that India imports nearly 89 per cent of its crude oil requirements

I-T dept flags ₹5,500 cr in suspicious political donation-linked tax claims

Investigations found that intermediaries were advertising "guaranteed refunds" in cinema halls and on social media platforms, luring taxpayers into making non-genuine claims in return for a commission

I-T department sends SMS, emails warning of bogus political donation claims

A large number of taxpayers have already revised their Income Tax Returns for the current AY that is 2025-26, and have filed updated ITRs for past years, it added

Gujarat leads in FY25 loan growth, Karnataka in deposits, shows data

RBI data shows state-wise credit trends; Maharashtra leads in outstanding credit and deposits, while Gujarat records highest growth

India-US trade talks: DPDP Act, Information Technology rules dominate

Washington considers specific provisions in the DPDP rules and IT Rules non-tariff barriers for its companies

'India-Sweden economic corridor positioned for robust expansion'

This optimistic outlook builds on the fact that Swedish companies invested a total of $2.5 bn in India over the last six years, highlighting the expanding economic corridor between the two nations

Maritime call for Atmanirbharta: Why India needs a local P&I Club

A P&I Club is a mutual insurance association that protects shipowners, operators from third-party liabilities - covering risks such as oil spills, cargo damage, pollution, collisions, and crew injury

Cabinet clears India-Oman CEPA ahead of PM Narendra Modi's Muscat visit

CEPA expected to boost bilateral trade beyond current $10.6 billion, with focus on petroleum, urea, and manufactured goods

India, Oman to ink free trade agreement during PM Narendra Modi visit

The Union Cabinet has cleared the India-Oman CEPA ahead of PM Narendra Modi's visits to Jordan, Ethiopia and Oman next week, with the tour set to focus on trade, investment and key regional issues

Datanomics: Auto components, telecom parts drive India exports to Mexico

The move is seen as a way to protect Mexico's domestic industry

MGNREGA to see a name change, rise in guaranteed employment days

Cabinet clears Bill to rename MGNREGS as 'Poojya Bapu Grameen Rozgar Yojana' and raise guaranteed employment from 100 to 125 days

Slower food deflation nudges retail inflation to 0.71% in November

Food deflation eases to -3.91%, rural inflation turns positive at 0.10%, but gold & silver surge above 58% keeps core elevated

Govt clears CoalSETU window to auction coal linkages for all uses, exports

This is the first time coal linkages are being opened without end-use restrictions. It is aimed at expanding access to domestic coal, improving resource utilisation and reducing import dependence

Right time for mkt-linked DAP rates with minimal farmer impact: FAI chief

FAI chief S Sankarasubramanian says buying fertiliser assets abroad could keep value capture outside India; FY27 subsidy requirement may be lower as global prices are softening

RBI deputy governor warns of stablecoin risks, dismisses claims of utility

India is currently running a retail and wholsesale pilot for its central bank digital currency, which has about 7 million users

Retail inflation rises marginally to 0.71% in Nov on higher food prices

November CPI-based inflation: The food inflation in November stood at -3.91 per cent, marking an increase from -5.02 per cent in October

Piyush Goyal hosts Italy's deputy PM to boost strategic and economic ties

Goyal further noted that dinner also brought together top industry leaders from India and Italy, during which constructive discussions were held on new collaborations across multiple sectors

Reorient PLI scheme on labour-intensive sectors to create more jobs: NCAER

The study urges a reorientation of incentives toward textiles, garments and food processing to boost employment