Page 106 - Economy & Policy News
GST reforms will boost market purchasing and economy: MoS Chaudhary
Minister of State for Finance Pankaj Chaudhary said the impact of these reforms will be known in the next four to six months
 "GST reforms will boost market purchasing and economy: MoS Chaudhary")
Govt to install solar pumps in Jaipur district farms to boost power supply
Chief Minister Bhajan Lal Sharma has pledged to provide electricity to the state's farmers during the day for agricultural work by 2027
 "Govt to install solar pumps in Jaipur district farms to boost power supply")
India's industrial production grows 4% in August, shows govt data
While the manufacturing sector recorded growth of 3.8 per cent in August, the electricity sector grew by 4.1 per cent, and the mining sector registered 6.0 per cent growth during the same period
 "India's industrial production grows 4% in August, shows govt data")
Moody's retains India's rating at 'Baa3', maintains a stable outlook
The global rating agency also affirmed India's other short-term local-currency rating at P-3
 "Moody's retains India's rating at 'Baa3', maintains a stable outlook")
EY raises India's GDP forecast to 6.7%; recommends diversifying markets
The 7.8 per cent GDP growth in the June quarter outperformed the Reserve Bank of India's expectation of 6.5 per cent growth during the August monetary policy meeting
 "EY raises India's GDP forecast to 6.7%; recommends diversifying markets")
Tariff uncertainties may spur rise in third-party pharma manufacturing
Analysts say Indian drugmakers may lean on CDMOs, US plants and diversification to safeguard high-value products as Trump's 100% tariff threat looms over patented drugs
 "Tariff uncertainties may spur rise in third-party pharma manufacturing")
RBI's MPC expected to keep repo rate unchanged: Business Standard poll
The domestic rate-setting panel kept the policy repo rate unchanged in August after a 50 basis points cut in June
 "RBI's MPC expected to keep repo rate unchanged: Business Standard poll")
India gears up to embrace carbon market plans to counter climate criticism
Emissions targets have been announced till 2027, and a new set of targets and sectors will be finalised in FY27 for the FY28-30 period
 "India gears up to embrace carbon market plans to counter climate criticism")
Shipbuilding dreams: Subsidies to help but shipyards must be competitive
Almost 90% of global cargo moves through the oceans with China, South Korea and Japan dominating the ship building industry aided by considerable support from their governments
 "Shipbuilding dreams: Subsidies to help but shipyards must be competitive")
India-EFTA agreement set to be launched on October 1 after long wait
India's first European trade deal ensures $100 bn investment, tariff cuts, and potential for 1 million jobs over 15 years
 "India-EFTA agreement set to be launched on October 1 after long wait")
27 MoUs worth over ₹66,000 crore signed to boost India's maritime sector
The ports ministry statement said that the MoU ceremony showcases India's integrated vision for maritime growth
 "27 MoUs worth over ₹66,000 crore signed to boost India's maritime sector")
Govt issues guidelines to set up EV charging stations under PM E-DRIVE
Guidelines issued for rollout of 72,300 EV charging stations with ₹2,000 cr outlay under the ₹10,900-cr PM E-DRIVE scheme, aimed at boosting infrastructure and adoption
 "Govt issues guidelines to set up EV charging stations under PM E-DRIVE")
India's pharma exports unlikely to be affected amid Tylenol debate: Experts
Data shows India's paracetamol exports to the US are modest, accounting for less than one per cent of API shipments, despite global attention on the Tylenol controversy
 "India's pharma exports unlikely to be affected amid Tylenol debate: Experts")
US commerce secy calls for India to open mkts, stop actions harming America
Lutnick said that India must open its markets and take actions that would not 'harm' the US
 "US commerce secy calls for India to open mkts, stop actions harming America")
PNGRB proposes LPG portability, allowing users to switch suppliers
Oil regulator PNGRB has invited stakeholder and consumer comments on the LPG Interoperability Framework
 "PNGRB proposes LPG portability, allowing users to switch suppliers")
Experts flag tax credit blockage for FMCG distributors despite GST relief
The industry may push for a new refund mechanism, but this would be difficult for the government to allow, given the high risk of misuse
 "Experts flag tax credit blockage for FMCG distributors despite GST relief")
FM Sitharaman to inaugurate 4th Kautilya Economic Conclave 2025 on Oct 3
External Affairs Minister S Jaishankar will close the proceedings with reflections on India's foreign and economic policy on October 5
 "FM Sitharaman to inaugurate 4th Kautilya Economic Conclave 2025 on Oct 3")
US tariffs on Indian goods pose major growth risks: Crisil Intelligence
The report said consumer price index (CPI) inflation is likely to soften to 3.5 per cent in the current fiscal from 4.6 per cent in the previous year
 "US tariffs on Indian goods pose major growth risks: Crisil Intelligence")
India may import US corn for ethanol production as trade talks advance
New Delhi seeks removal of punitive tariffs on Russian oil purchases as Washington pushes soybean and corn sales, with both sides aiming to seal a trade pact by fall
 "India may import US corn for ethanol production as trade talks advance")
Strong global interest in industrial cities: NICDC chief Rajat Kumar Saini
East Asian and European investors keen to engage with infrastructure programme, says Rajat Kumar Saini
 "Strong global interest in industrial cities: NICDC chief Rajat Kumar Saini")