Economy

Rice exports steady in 2024 despite curbs; basmati shipments surge

The country's rice exports in 2024 stood at 17.8 million metric tons, marginally down from 17.86 million tons shipped a year earlier

Centre mulls lower duties, more imports to counter Trump's tariff threats

It could also reduce some import tariffs, with officials drawing up a list of likely products, such as bourbon whiskey and farm goods like pecan nuts, they said

US global 'supplemental tariffs' to target trade-surplus countries

Trump has not yet announced higher tariffs on China, although he mentioned a 10 per cent tariff hike over a month ago

Union Budget 2025-26: 25% income tax slab, higher rebate on the cards

The upcoming Budget may raise the rebate further, potentially making income up to Rs 10 lakh tax-free

Trump 2.0: More US energy exports to India likely, says Hardeep Singh Puri

Trump's energy push may lead to increased American crude oil, LNG shipments to the country

Davos takes a sigh of relief as Trump holds off starting trade wars

International Monetary Fund Deputy Managing Director Min Zhu, a former People's Bank of China deputy governor, said he wasn't surprised that Trump refrained from imposing tariffs on China

Public-sector banks concerned over rejection rate in PM Vishwakarma scheme

The restrictions make individuals ineligible if they had taken government loans in past five years

Rupee gave up early gains post Trump's Mexico, Canada tariff threat

RBI intervened in the foreign exchange market via dollar sales to avoid further depreciation of the rupee, dealers said

Ex-RBI Guv Raghuram Rajan lauds Modi govt, hopes job market to get boost

The Modi government has done a lot of good work on the infrastructure front but the other key pillar that needs to boost consumption is the job market, he said

Central, state ministers unveil India Pavilion at WEF's Davos summit

Day marks talks on challenges that AI poses to societies, economies

DPDPA rules 2025: Advancing data privacy but challenges remain unresolved

New data protection rules boost transparency, yet compliance gaps persist

How India's Ministry of Cooperation is reshaping the cooperative sector

Despite legal setbacks, the Amit Shah-led ministry has moved rapidly forward and is expected to soon unveil a new set of regulations to further grow the cooperative sector

India eyes bigger slice of US energy supplies, says Hardeep Singh Puri

Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, highlighted the stability of the global oil market, supported by increased supplies from the US, Brazil, Guyana, Suriname, and Canada

Unlocking potential: India's path to a robust petrochemical industry

With a market size of $220 billion, the Indian chemicals and petrochemicals sector contributes about 6 per cent to the GDP and provides employment to over 5 million people

Faceless tax assessments: Benefits, challenges, solutions for improvement

How can govt improve upon the faceless tax assessment system

Indian economy projected to grow in range of 6.5-6.8% in FY25: Deloitte

In its Economic Outlook report, Deloitte India also said the country needs to decouple from global uncertainties and harness its domestic potential

India should reciprocate if US imposes duties on domestic goods: Experts

They noted that India has previously implemented retaliatory customs duties on several US products

India among top nations on CEOs confidence on investment plans: PwC survey

PwC said nearly 9 out of 10 Indian CEOs remain confident of economic growth as they plan headcount increases and continued AI rollout

India may account for 16% of global consumption by 2050: World Data Lab

Only North America, with a 17 per cent share in 2050, will have a higher consumption share

Pay commissions called for reforms in services, but little happened

While the larger issue of reforms in the civil services has hardly ever been acted upon, except the Sixth Pay Commission others have been prudent in offering wage growth