Economy
India, Aus to resume comprehensive FTA talks on Monday; progress expected
Both countries have already implemented an interim pact and are in discussions to expand its scope under the CECA (Comprehensive Economic Cooperation Agreement)
 "India, Aus to resume comprehensive FTA talks on Monday; progress expected")
Domestic exporters keep fingers crossed amid Mpox outbreak in Africa
According to exporters, though the spread of the disease is contained in certain countries, it would be a challenge, if it spreads to more nations
 "Domestic exporters keep fingers crossed amid Mpox outbreak in Africa")
CM Chandrababu Naidu meets PM Modi, seeks financial support for Andhra
Andhra Pradesh Chief Minister N Chandrababu Naidu also met Union Finance Minister Nirmala Sitharaman and discussed issues related to his state
 "CM Chandrababu Naidu meets PM Modi, seeks financial support for Andhra")
Unilateral environment measures like carbon tax hamper global trade: Govt
The EU has decided to impose a CBAM, or carbon tax, which will come into effect from January 1, 2026
 "Unilateral environment measures like carbon tax hamper global trade: Govt")
Urgent need to address $4 trn financing gap to accelerate SDG progress: FM
"Our priority should be a people-centric growth path that empowers the most vulnerable and marginalised to participate in the development journey," she said
 "Urgent need to address $4 trn financing gap to accelerate SDG progress: FM")
India must focus on skilled workforce to become developed by 2047: Gopinath
India has grown well in terms of its overall growth rate, and at 7 per cent, it is the fastest growing major economy in the world, she said
 "India must focus on skilled workforce to become developed by 2047: Gopinath")
India need more reforms to stay on growth path, create jobs: IMF's Gopinath
Addressing an event here, Gopinath further said that India will be required to reduce import tariffs if it wants to be an important player in the global supply chains
Rajasthan govt receives investment proposals of Rs 5.21 trn ahead of summit
The investment summit is organised with the support of the Industry and Commerce Department, Bureau of Investment Promotion (BIP), and RIICO
 "Rajasthan govt receives investment proposals of Rs 5.21 trn ahead of summit")
Govt invites bids to empanel AI infra providers under Rs 10,372cr mission
Under the IndiaAI Mission, supercomputing capacity, comprising over 10,000 GPUs, will be made available to various stakeholders for creating an AI ecosystem
 "Govt invites bids to empanel AI infra providers under Rs 10,372cr mission")
Foreign exchange rules amended: Cross-border share swaps eased by govt
Now, transfer of all shares in firms having FDI with countries sharing land borders, would require prior government approval
 "Foreign exchange rules amended: Cross-border share swaps eased by govt")
Urban unemployment rate declines to 6.6% in Q1 FY25, shows PLFS data
In contrast, the female unemployment rate increased to 9 per cent in Q1 FY25 from 8.5 per cent in Q4 FY24
 "Urban unemployment rate declines to 6.6% in Q1 FY25, shows PLFS data")
Only 21% money in bank accounts belongs to women, shows NSO data
Shows only 36% bank accounts are held by women
 "Only 21% money in bank accounts belongs to women, shows NSO data")
RBI approves Salee Sukumaran Nair as MD, CEO of Tamilnad Mercantile Bank
Nair, a postgraduate in applied electronics, started his banking career in 1987
 "RBI approves Salee Sukumaran Nair as MD, CEO of Tamilnad Mercantile Bank")
Govt initiates anti-dumping investigation into steel from Vietnam
The applicants have requested for retrospective imposition of the anti-dumping duty
 "Govt initiates anti-dumping investigation into steel from Vietnam")
Financial bids for Chhattisgarh-based NMDC Steel likely in two months
The Union Budget has set the target for miscellaneous capital receipts, including disinvestment, at Rs 50,000 crore for FY25 compared to the revised estimate of Rs 30,000 crore for FY24
 "Financial bids for Chhattisgarh-based NMDC Steel likely in two months")
Excise duty collections from petroleum sector decline 4.8% in FY24
Overall tax contribution of the petroleum sector rose marginally to Rs 7.51 trillion
 "Excise duty collections from petroleum sector decline 4.8% in FY24")
IIT-Delhi gets notice for Rs 120-cr GST on research funds, given 30 days
The notice demands Rs 120 crore in GST from the premier institute on research funding acquired between 2017 and 2022, as well as interest and penalties
 "IIT-Delhi gets notice for Rs 120-cr GST on research funds, given 30 days")
RBI tightens norms for P2P lending platforms to improve transparency
No loan should be disbursed unless the lenders and the borrowers have been matched/mapped as per the board-approved policy framed, it added
 "RBI tightens norms for P2P lending platforms to improve transparency")
GTRI suggests duty cuts withdrawal on jewellery under India-UAE FTA
India and the United Arab Emirates (UAE) signed the Free Trade Agreement (FTA), officially dubbed as Comprehensive Economic Partnership Agreement (CEPA) on February 18, 2022
 "GTRI suggests duty cuts withdrawal on jewellery under India-UAE FTA")
FDI in food processing sector down 30% to Rs 5,037 crore in 2023-24
FDI was Rs 6,414.67 crore in 2019-20; Rs 4430.44 crore in 2018-19; Rs 5,835.62 crore in 2017-18; Rs 4,865.85 crore in 2016-17; and Rs 3,312 crore in 2015-16 in the food processing sector
 "FDI in food processing sector down 30% to Rs 5,037 crore in 2023-24")
