Page 113 - Economy & Policy News

Kochi Metro to draft Mumbai Water Metro DPR in ₹4.4 crore contract

Kochi Metro Rail wins consultancy contract to prepare the DPR for Mumbai's proposed Water Metro, expanding its role in sustainable mobility beyond Kerala

135,000 jobs lost in Surat due to Trump's trade tariffs: Shashi Tharoor

Congress leader Shashi Tharoor said that US tariffs have already led to around 135,000 layoffs in Surat's gems and jewellery sector, with potential job losses looming in seafood and manufacturing

Retail inflation inches up to 2.07% in August; food inflation at -0.69%

August CPI-based inflation: The food inflation for August stood at -0.69 per cent, rising 107 basis points, as compared to July

Trump's trade polices 'self-destructive', hurt India most: Ex-RBI chief

Former RBI Governor C Rangarajan said that he hopes good sense will prevail and the policy makers in the US will realise the policies they want to pursue are self-destructive

British Parliament panel opens inquiry into impact of India-UK FTA

With a target to double bilateral trade to $120 billion by 2030, the CETA has been pitched by the Prime Minister Keir Starmer-led government as a landmark agreement

World isn't transitioning away from fossil fuel; decades of robust use left

The IEA will publish its "Current Policy Scenario" this year, showing oil and gas demand won't peak this decade, overturning past assumptions, sources familiar with the draft report said

Rupee sinks to record low on strong dollar demand and tariff concerns

The rupee fell to 88.44 per dollar, its lowest ever, amid strong importer demand and tariff worries, even as RBI intervened to contain volatility in the forex market

Finance ministry, consumer affairs department review MRP circular

Businesses say they may find it difficult to reduce prices to the full extent of GST reduction because they may have paid higher input taxes on stocks lying with them. For that they won't be refunded.

India's trade parleys with US are progressing well, says Piyush Goyal

US Commerce Secretary Howard Lutnick said he believes the US will sort out a trade deal with India as soon as that country stops buying Russian oil

India's external debt rose at fastest pace in 7 years in FY25: Report

The dollar-terms growth significantly outpaced the 6.4 per cent uptick recorded in FY24, when external debt had touched $663.8 billion

Glitter to gloom on the brass lanes as export orders dry up ahead of Diwali

Strap: In the aftermath of the US tariff, a ground report from Moradabad brings out the new realities of Peetal Nagri

India's semiconductor market expected to touch $103.5 billion by 2030

According to the report, 80 per cent of the workforce has less than 10 years of experience, signaling depth at junior levels but a leadership supply gap at mid-to-senior roles

Tamil Nadu govt seals deals worth ₹24,307 cr at Hosur investor meet

Tamil Nadu signed Rs 24,307 crore investment deals at Hosur, generating over 49,000 jobs, with major projects in solar, defence, aerospace, footwear and electronics manufacturing

How monsoon damage is forcing India to plug gaps in tracking infra losses

A new database aims to track real losses as monsoons batter roads, power, and telecom, exposing gaps in disaster planning

Exporters seek loan relief, favorable rupee rate in meeting with RBI

India is preparing measures to help exporters deal with the crisis, even as the U.S. and India look at resuming negotiations to address the trade barriers, Reuters reported earlier

Will sort out trade deal with India if it stops buying Russian oil: Lutnick

US Commerce Secretary Howard Lutnick said Washington will sort out a trade deal with India only if it halts Russian oil imports, even as India continues purchases in national interest

GST reforms to lower tax on coal, reduce power generation cost, says govt

The new reforms bring down the overall tax on coal grades G6 to G17, which is in the range of Rs 13.40 per tonne to Rs 329.61 per ton

Maharashtra govt, Lodha ink ₹30,000 cr MoU for Palava data centre park

The Maharashtra government and Lodha Developers signed an MoU worth Rs 30,000 crore to build a 370-acre green integrated data centre park in Palava, expected to create 6,000 jobs

Maha signs MoUs worth ₹1.08 trn, will create 47k direct jobs: CM Fadnavis

Investors and the industry sector play a crucial role in a state's economic growth, Fadnavis said while assuring that his government will meet their expectations

Bangladesh buys more power from India, lifts fuel oil use as demand rises

Power imports, mainly from an Adani Power-run coal-fired plant in eastern India, rose 70 per cent in the seven months through July