Economy

IMF-World Bank meetings end with little tariff clarity, economic foreboding

Many participants in the IMF and World Bank Spring Meetings had a sense that Trump's administration was still conflicted in its demands from trading partners hit with his sweeping tariffs

Cong slams govt over rising 'inequality', cites World Bank poverty report

Congress leader Jairam Ramesh alleged that while the Modi government is presenting the World Bank report as a success story, it raises serious concerns about persistent inequality

India likely to seek parity with US on tech access in bilateral trade talks

India may seek these easing for sectors like telecom equipment, biotechnology, AI (artificial intelligence), pharmaceuticals, quantum computing and semiconductors

India, Netherlands discuss ways to strengthen trade, investments ties

In 2024-25, India's exports to the Netherlands rose by 1.75 per cent to $22.76 billion as against $22.36 billion in 2023-24

Indian goods worth $10 bn annually reach Pakistan via third countries: GTRI

The trade between India and Pakistan may come to a complete halt after New Delhi's move to close the Attari Integrated Check Post in the wake of the Pahalgam terror attack

Centre unveils guidelines for ₹22,919 cr electronics manufacturing scheme

Union Minister Ashwini Vaishnaw rolled out guidelines for the Electronics Component Manufacturing Scheme to boost domestic manufacturing, attract investments, and build a strong electronics ecosystem

India needs strong veterinary infra to boost rural economy: Union minister

India houses over 536 million livestock, the world's largest population, with nearly 70 per cent of rural households depending on animals for income, food and security

Invest Kerala Summit: Works on projects worth Rs 4,410 cr to begin in May

The websites are launched for following up on the EoIs received during IKGS and creating a database of land parcels available in the state for industrial purposes

India lifted 171 mn people from extreme poverty between 2011-23: World Bank

India also transitioned into the lower-middle-income category. Using the $3.65 per day LMIC poverty line, poverty fell from 61.8 per cent to 28.1 per cent

Modi govt gave 1.5 times more jobs to youths than UPA: Union Minister

This fair is part of PM Narendra Modi's nationwide initiative, where similar events across 47 locations benefited over 51,000 youths

India, US in continuous dialogue on bilateral trade deal: MoS Jitin Prasada

Prasada commenced his address to the diaspora by expressing his condolences to the bereaved families and victims of the tragic and most dastardly act of terrorism in Kashmir

Net direct tax mopup in FY25 hit Rs 22.26 trillion, shows govt data

This was marginally short of revised target; highest-ever refunds issued

India slashed extreme poverty to 2.3% in FY23, shows World Bank data

Using the $3.65 per day poverty line for lower- and middle-income countries (LMIC), poverty fell from 61.8 per cent to 28.1 per cent, lifting 378 million people out of poverty in India

India won't allow transshipment of goods to other regions: Piyush Goyal

Says govt has been able to protect domestic steel industry from 'dumping'

Direct tax mop up for 2024-25 fiscal hits target; record refunds issued

Similarly, the provisional figures for net (after issuing refunds) direct tax collections for the 2024-25 fiscal stood at Rs 22.26 trn, an increase of 13.57 per cent as compared to Rs 19.60 trn

Centre notifies rules for GST Appellate Tribunal to make it operational

Authorised representatives, including lawyers and tax professionals, must submit a power of attorney before representing clients

US pharma tariffs would raise US drug costs by $51 bn annually: Report

Pharmaceutical products have long been spared from trade wars due to the potential harms, but he has repeatedly threatened a 25 per cent tariff on pharmaceutical imports

India's forex reserves rises for seventh straight week to $686.145 bn

The Special Drawing Rights (SDRs) were up by $212 million to $18.568 billion, the apex bank said

Maritime fundamentals remain strong despite US tariffs: Synergy Marine CEO

On the likely impact of US reciprocal tariffs and trade uncertainty on the Indian shipping industry, Synergy Marine Group CEO Jesper Kristensen said, In the short term, they may cause friction

Trade war narrows down to US-China, Chinese trade deflection a real worry

The fear of deflection of Chinese exports to third markets is giving a major scare to the policymakers in developing nations