Economy
US remittance tax plan raises discrimination concerns for overseas Indians
The bill proposes the levy on all cross-border remittances made by non-citizens, including H-1B, L-1, and F-1 visa holders, as well as green card holders
 "US remittance tax plan raises discrimination concerns for overseas Indians")
India-US trade agreement talks to resume May 17 with ministerial oversight
India and US trade ministers will meet in Washington from May 17 to assess progress on the bilateral trade agreement, provide political direction, and advance talks toward a broader trade pact
 "India-US trade agreement talks to resume May 17 with ministerial oversight")
UN cuts India's 2025 growth forecast to 6.3% amid global tensions
UN WESP report lowers India's growth outlook for 2025 to 6.3 per cent, citing rising trade tensions and policy uncertainty, but notes strength in consumption and investment
 "UN cuts India's 2025 growth forecast to 6.3% amid global tensions")
India's forex reserves jump $4.5 bn to $690.61 bn on rise in gold assets
For the week ended May 9, foreign currency assets, a major component of the reserves, increased by $196 million to $581.373 billion
 "India's forex reserves jump $4.5 bn to $690.61 bn on rise in gold assets")
Summer travel pushes petrol sales by 10% in first half of May, shows data
Petrol consumption rose to 1.5 million tonne during May 1-15 from 1.37 million tonne sales a year back
 "Summer travel pushes petrol sales by 10% in first half of May, shows data")
Agri, pharma, electronics, engineering made up 50% of FY25 exports: Govt
The main destinations for electronic goods were the UAE, the US, the Netherlands, the UK, and Italy
 "Agri, pharma, electronics, engineering made up 50% of FY25 exports: Govt")
Trade talks between India-US underway, far from being final: Jaishankar
External Affairs Minister S Jaishankar's remarks came on the same day as US President Donald Trump claimed that India has proposed zero tariffs on American goods
 "Trade talks between India-US underway, far from being final: Jaishankar")
UN cuts India's 2025 GDP growth forecast to 6.3%, sees strong momentum
India remains one of the fastest growing large economies, driven by strong private consumption and public investment
 "UN cuts India's 2025 GDP growth forecast to 6.3%, sees strong momentum")
India's trade gap widens in 'tariff tantrum' month; exports surge 9%
Data released by the commerce department showed in the first month of FY26, exports grew 9 per cent to $38.5 billion while imports shot up by 19.1 per cent to $64.91 billion
 "India's trade gap widens in 'tariff tantrum' month; exports surge 9%")
Creditors recover record ₹67,000 crore via IBC in FY25, up 42% from FY24
Creditors recovered ₹67000 crore through IBC in FY25 a 42% jump from FY24 aided by record corporate resolutions and higher NCLT capacity after new appointments
 "Creditors recover record ₹67,000 crore via IBC in FY25, up 42% from FY24")
RBI board reviews economic capital framework ahead of surplus transfer
RBI board reviews Economic Capital Framework as part of five-year cycle, with FY25 surplus transfer expected to set a new record amid strong balance sheet gains
 "RBI board reviews economic capital framework ahead of surplus transfer")
Manufacturing investment gestation rate rises to 5-year peak: CMIE
Global companies push for diversification may play a role
 "Manufacturing investment gestation rate rises to 5-year peak: CMIE")
Easing investment norms: FPIs may take to lower rated corporate bonds
RBI's move to scrap short-term and concentration limits opens doors for FPIs to explore high-yield, lower-rated corporate bonds amid attractive returns and easing inflation
 "Easing investment norms: FPIs may take to lower rated corporate bonds")
India's unemployment rate was 5.1% in Apr: 1st monthly labour force survey
Youth unemployment stood at 13.8% in April while the overall jobless rate was 5.1%, with higher joblessness in urban areas, according to NSO's first monthly labour survey
 "India's unemployment rate was 5.1% in Apr: 1st monthly labour force survey")
India-US trade pact talks moving forward smoothly: Commerce Secretary
India and the US are making steady progress on a bilateral trade deal, with high-level talks scheduled in Washington as both nations explore early wins and deeper economic cooperation
 "India-US trade pact talks moving forward smoothly: Commerce Secretary")
Trump says India offered a trade deal with 'zero tariffs' on US goods
Trump claimed that India was offering 'no tariffs' on US exports, but did not elaborate on the trade deal
 "Trump says India offered a trade deal with 'zero tariffs' on US goods")
Rupee weakens on importers' demand amid decline in the dollar index
The rupee closed at 85.55 against the dollar on Thursday amid oil importer demand, while RBI bond purchases and soft crude prices supported market sentiment
 "Rupee weakens on importers' demand amid decline in the dollar index")
Exports rise 9% to $38.49 bn in April; trade deficit widens to $26.42 bn
Commerce Secretary Sunil Barthwal expressed optimism, saying he hopes India will continue to sustain the current export momentum
 "Exports rise 9% to $38.49 bn in April; trade deficit widens to $26.42 bn")
India's retaliatory tariff proposal to feature in trade talks with US
India to discuss proposed retaliatory tariffs on US goods during trade talks starting May 17, amid efforts to finalise a broader bilateral trade agreement targeting $500 billion by 2030
 "India's retaliatory tariff proposal to feature in trade talks with US")
US tariffs may pressure FY26 margins, warns Arvind Ltd, delays capex plans
Arvind warns its FY26 margins may be affected by US tariffs; pauses non-essential capex and awaits clarity. Exports remain strong, with demand rising and UK FTA offering new growth potential
 "US tariffs may pressure FY26 margins, warns Arvind Ltd, delays capex plans")
