Page 101 - Economy & Policy News
Net direct tax haul jumps 6% to ₹11.89 trillion on personal tax filings
Higher personal income tax inflows and expanding non-corporate taxpayer base drive the rise in direct tax collections, reflecting robust domestic demand and compliance
 "Net direct tax haul jumps 6% to ₹11.89 trillion on personal tax filings")
Russian oil imports in Apr-Sep fell 8.4% on tighter supplies, discounts
September's volume was flat versus August at 1.6 million bpd, down 14.2 per cent from the same month a year ago, the data showed
 "Russian oil imports in Apr-Sep fell 8.4% on tighter supplies, discounts")
India's wholesale inflation cools to 0.13% in Sep against 0.52% in Aug
September 2025 WPI-based inflation: The positive rate of inflation in September is primarily due to an increase in prices of manufacturing of food products
 "India's wholesale inflation cools to 0.13% in Sep against 0.52% in Aug")
Textiles face tariff turmoil amid US-China tensions and India's woes
According to the respondents, buyers in US are asking for up to 30 per cent discounts
 "Textiles face tariff turmoil amid US-China tensions and India's woes")
Commerce secy Rajesh Agrawal-led team heads to US for trade talks
Commerce Secretary Rajesh Agrawal to lead delegation for India-US trade talks in Washington this week, as both sides aim to finalise the first phase of the BTA by fall 2025
 "Commerce secy Rajesh Agrawal-led team heads to US for trade talks")
Rupee recovers from near all-time low on likely intervention by RBI
The local currency settled almost flat at 88.68 per dollar against the previous close of 88.69 per dollar after a choppy trade during the day
 "Rupee recovers from near all-time low on likely intervention by RBI")
Mapping the themes: How Economics Nobel Prize moves with the times
Joel Mokyr, Philippe Aghion, Peter Howitt win 2025 Nobel Prize in Economics
 "Mapping the themes: How Economics Nobel Prize moves with the times")
India's retail inflation slips to 99-month low of 1.54% in September
Inflation stood at 5.5 per cent in September 2024, with food prices rising over 9.2 per cent
 "India's retail inflation slips to 99-month low of 1.54% in September")
Net direct tax mop-up rises 6% to ₹11.89 trn on higher corporate tax gains
Refund issuances dropped 16 per cent to Rs 2.03 lakh crore between April 1 and October 12
 "Net direct tax mop-up rises 6% to ₹11.89 trn on higher corporate tax gains")
RBI revises norms for rupee lending in Bhutan, Nepal, and Sri Lanka
The RBI said it has also extended the time for repatriating money in foreign currency accounts maintained in the International Financial Services Centre (IFSC) in India from one month to three months.
 "RBI revises norms for rupee lending in Bhutan, Nepal, and Sri Lanka")
Adani moves SC to support Sahara plea seeking nod to sell 88 properties
Sahara is not limiting its request to the 88 properties, as the company has asked the court to permit the sale of these and other assets
 "Adani moves SC to support Sahara plea seeking nod to sell 88 properties")
Why 'creative destruction' defines this year's Economics Nobel Prize
They won the prize for explaining the Innovation-driven economic growth, which is a theory that states that a nation's long-term growth depends on its ability to innovate
 "Why 'creative destruction' defines this year's Economics Nobel Prize")
Healthcare industry welcomes faster GST refunds, seeks broader reform
The Central Board of Indirect Taxes and Customs (CBIC) recently announced that 90 per cent of GST refunds will now be released upfront for low-risk taxpayers
 "Healthcare industry welcomes faster GST refunds, seeks broader reform")
Chhattisgarh govt to start paddy procurement at MSP from November 15
To ensure farmers receive the correct amount, the Vishnu Deo Sai-led government is providing an input subsidy in addition to the MSP
 "Chhattisgarh govt to start paddy procurement at MSP from November 15")
India, US to hold trade talks as New Delhi seeks higher energy imports
The official, speaking on condition of anonymity, due to the sensitivity of the issue, said India was looking to increase purchases of energy and gas from the US
 "India, US to hold trade talks as New Delhi seeks higher energy imports")
Institute Cargo Clauses (A) cover general average and salvage charges
Trade expert cites FTP Para 1.08 and CBIC circulars requiring that export consignments not be detained beyond three days, and clarifies documentation norms under the Advance Authorisation scheme
 "Institute Cargo Clauses (A) cover general average and salvage charges")
September retail inflation eases to 1.54%, food inflation down at -2.28%
September CPI-based inflation: The inflation dipped in September after an increase in August that marked the first monthly rise in inflation in 10 months
 "September retail inflation eases to 1.54%, food inflation down at -2.28%")
India-EU trade pact talks progressing; steel, auto issues need resolution
Senior officials from India and the 27-nation European Union (EU) last week concluded the 14th round of talks for the agreement in Brussels
 "India-EU trade pact talks progressing; steel, auto issues need resolution")
Centre says trade team to visit US this week as bilateral talks progress
The negotiations resumed last month as both sides sought to ease tensions following President Donald Trump's decision to slap India with the highest tariffs in Asia
 "Centre says trade team to visit US this week as bilateral talks progress")
What is India's National Critical Mineral Stockpile and why it matters now?
The National Critical Mineral Stockpile (NCMS) will hold a two-month reserve of rare earths, protecting against supply disruptions and later covering other critical minerals
 "What is India's National Critical Mineral Stockpile and why it matters now?")