Economy
Framework for India-US trade deal is ready, to be signed on right time
The official said that India is seeking a comparative advantage on the tariff front in the agreement vis-a-vis its competitor nations
 "Framework for India-US trade deal is ready, to be signed on right time")
June retail inflation marginally rises to 4.38%, food inflation at 5.32%
Food inflation in June increased to 5.32 per cent in June from 4.78 per cent in May, indicating renewed pressure on household food expenses
 "June retail inflation marginally rises to 4.38%, food inflation at 5.32%")
India's trade deficit widens to five-month high of $30.43 billion in June
India's goods trade deficit widened to a five-month high of $30.43 billion in June as imports surged 31 per cent year-on-year, while exports rose nearly 16 per cent
 "India's trade deficit widens to five-month high of $30.43 billion in June")
India, US remain fully engaged on trade pact talks, says Piyush Goyal
Goyal also said that he had a meeting with US Trade Representative Jamieson Greer here last month
 "India, US remain fully engaged on trade pact talks, says Piyush Goyal")
CERC orders renewable firms to surrender unused grid connectivity
The firms can also transfer transmission rights for their group utility that are generating but does not have connectivity to grid, an order from the Central Electricity Regulatory Commission said
 "CERC orders renewable firms to surrender unused grid connectivity")
India's exports rise 15.5% in June, trade deficit widens to $30.43 bn
During April-June this fiscal, exports increased 15.92 per cent to $129.32 billion, while imports rose 19.89 per cent to USD 216.18 billion.
 "India's exports rise 15.5% in June, trade deficit widens to $30.43 bn")
India-UK CETA explained: What's changing in tariffs, duties from July 15?
India and the UK's trade deal comes into force on July 15, lowering import duties on many Indian exports and offering social security relief for professionals
 "India-UK CETA explained: What's changing in tariffs, duties from July 15?")
Govt begins national floor wage exercise. What changes for workers?
The national floor wage is intended to create a common minimum wage benchmark across India while allowing states to account for regional differences
 "Govt begins national floor wage exercise. What changes for workers?")
Weekly policy watch: Inflation data, India-UK FTA, forex reserves in focus
India's policy calendar this week will track inflation, wholesale prices, trade agreements and forex reserves
 "Weekly policy watch: Inflation data, India-UK FTA, forex reserves in focus")
Centre starts national floor wage exercise, readies advisory board
The Centre will also constitute a Central Advisory Board (CAB), which will hold consultations before recommending the national floor wage
 "Centre starts national floor wage exercise, readies advisory board")
MCA considers global audit norms placing responsibility on group auditors
Official sources said that ICAI has expressed its concerns over the introduction of SA600 to the MCA as well
 "MCA considers global audit norms placing responsibility on group auditors")
Govt likely to interlink GeM, TReDS platforms for MSME financing
The Centre plans to integrate GeM with TReDS, enabling MSMEs to move seamlessly from government procurement to invoice financing and faster payments
 "Govt likely to interlink GeM, TReDS platforms for MSME financing")
India better prepared to handle Strait of Hormuz disruption this time
India has secured crude oil and LPG supplies for the near term, limiting the immediate impact of the renewed Strait of Hormuz closure, though prices are expected to rise
 "India better prepared to handle Strait of Hormuz disruption this time")
Odisha panchayats face fiscal reset as state adopts 16th FC reforms
Officials said the proposed measures intended to improve the financial health of local bodies and help them undertake development works with greater financial independence
 "Odisha panchayats face fiscal reset as state adopts 16th FC reforms")
BJP or BJD? Odisha's investment surge rekindles the battle for credit
Odisha's investment surge has revived debate over whether it reflects the BJP's execution or the BJD's long-built industrial foundations
 "BJP or BJD? Odisha's investment surge rekindles the battle for credit")
Statsguru: The big city wage puzzle of pay, jobs and gender gaps
India's million-plus cities offer higher wages and better job quality, but unemployment remains similar to other urban areas, with sharp gender pay gaps across cities
 "Statsguru: The big city wage puzzle of pay, jobs and gender gaps")
Weekly economy wrap: India advances Indo-Pacific ties; IMF cuts growth view
Strap India deepened Indo-Pacific partnerships through deals with Australia, New Zealand and Indonesia, even as oil risks prompted growth downgrades and weakened the rupee
 "Weekly economy wrap: India advances Indo-Pacific ties; IMF cuts growth view")
India's Russian crude imports jump 34% in June as Moscow's revenues slip
India's Russian crude imports rose 34% in June, driven by higher purchases from major refiners including Reliance, IOC, BPCL and Nayara Energy, according to CREA
 "India's Russian crude imports jump 34% in June as Moscow's revenues slip")
ONGC drills second geothermal well in Ladakh, advances India's first pilot
The second 1,000-metre well in Ladakh's Puga Valley will support India's first 1-MW pilot geothermal power plant, advancing efforts to tap round-the-clock renewable energy
 "ONGC drills second geothermal well in Ladakh, advances India's first pilot")
India must strengthen certification to take full advantage of UK FTA: GTRI
GTRI said the India-UK FTA creates significant market access opportunities but warned that India must improve standards, certification, logistics, and buyer networks for higher exports
 "India must strengthen certification to take full advantage of UK FTA: GTRI")