Economy

India needs to diversify crude import routes more: S&P Global Energy

The West Asia crisis has exposed India's import-linked energy security risks, making diversified crude routes and deeper storage buffers more urgent, S&P said

UP government to develop textile parks across 1,500 acres to boost economy

Uttar Pradesh plans six textile parks across nearly 1,500 acres, targeting over ₹10,000 crore in investments and thousands of jobs

Global energy transition readiness dips, India among top gainers: WEF

The proportion of low-carbon jobs increased by 24 per cent in India in 2024, as renewable energy jobs reached 1.3 million (up 25 per cent over 2023)

New India-UK pact to benefit 90-95% of Indian professionals in Britain

Under the DCC, employees temporarily transferred by companies from India to the UK, or vice versa, will be exempt from making social security contributions in the host country for up to five years

Govt weighs extending zero-duty import on 40 products beyond June 30

Officials said associated revenue consideration will have to be considered while deciding on whether the import duty exemption would be extended

Import duty on gold works: Official says volumes down to 25-30 tonnes/month

Monthly gold imports have declined to 25-30 tonnes from 70-80 tonnes, while recycling of old jewellery has increased following the recent hike in import duties

India to allow import of 378K UK cars on lower duty in 15 yrs of trade pact

For imports from the UK to India, the quota for conventional-engine passenger cars will peak in the fifth year across specified categories of vehicles at 37,000 units

Trade deal near, declares Trump; Modi pitches for seafarers' safety

At their first bilateral meeting in 16 months, Modi raised concerns over the safety of Indian seafarers while Trump said India and the US were nearing a trade agreement

India's gold imports drop 70% to 30 tonnes after duty hike: Official

However, in value terms, India's gold imports rose by 34 per cent year-on-year to $3.41 billion in May, driven by higher prices of the precious metal

India seeks $2.5 billion funds from World Bank, ADB for infra growth

World Bank and Asian Development Bank are in discussions to disburse loans worth $1.5 billion and $1 billion, respectively, with announcements likely within the next two months

Fuel prices can't be cut immediately after global rates fall: Suresh Gopi

The minister further said that since the war broke out in West Asia in February this year, the oil companies were impacted in a big way and the central government absorbed the impact to a good extent

Trade deal with Canada by November; European Union pact by year-end

Modi's meetings with leaders attending the G7 Summit, and his intervention at the outreach session focused on furthering trade and connectivity projects

Centre builds digital spine for labour code rollout across states

States asked to integrate portals as government moves towards a common labour administration framework

India-UK landmark free trade pact to come into force from July 15

Alongside the trade pact, the Double Contribution Convention will also take effect, easing social security obligations for temporary cross-border workers

Higher oil and gas costs may dent GDP growth, squeeze margins: Crisil

Ratings agency says higher oil and gas costs could moderate growth, squeeze margins and push GDP expansion lower in FY27

VB-G RAM G funds insufficient for 125-day job promise: Civil society groups

Civil society groups claim the Centre's interim allocation under the new rural jobs scheme would finance far fewer than the promised 125 days of work in several states

CEEW flags risks to India's energy security from import exposure

The think tank recommends diversifying crude and LNG suppliers, expanding strategic reserves and modernising refineries to reduce vulnerabilities to supply shocks

India's exports hit record $863 billion despite trade shocks, says official

Commerce ministry official says Gujarat contributed nearly $110 billion; SEZs and semiconductor units to remain key policy focus

India's clean energy shift may create new strategic dependencies: Report

For gas, India imports nearly half its supply as LNG but has no dedicated strategic gas storage facilities, leaving fertiliser plants and city gas networks exposed, the report said

Why easing OMC losses may not translate into cheaper fuel anytime soon

Fuel prices were raised to reduce losses at state-run oil companies, but despite easing pressure after lower crude prices, consumers may not see immediate relief