Page 114 - Economy & Policy News

Seafood exports to get boost as EU approves 102 new fishery establishments

MPEDA considers it as a major development that would help the country's seafood sector make deeper inroads in European markets and help cushion the impact of US tariffs

EU unlikely to impose 100% tariffs on India on Trump's request; here's why

The European Union treats tariffs and sanctions differently and considers imposing such tariffs as a risky move, and supports targeting specific entities with sanctions

GST rate cut to inject fresh growth momentum into auto sector: Siam

Siam President Shailesh Chandra also welcomed the government's move to "suitably amend some of the procedural issues

'India, China helping fund Russia's war in Ukraine': US Ambassador to Nato

US Ambassador to Nato Matthew Whitaker said Russia's war in Ukraine is funded by oil sales to India, China, and Brazil, and calls for more global sanctions to pressure Moscow

HMSI to cut model prices by up to ₹18,800 to pass on GST rate cut benefit

The company will pass on full benefits of the recent GST rate reduction to its customers across its product portfolio, the company said in a statement

BS poll: Food price rise may bump up August retail inflation rate

In August last year, the retail inflation rate stood at 3.65 per cent

Govt committed to positioning India as shipbuilding hub: Shantanu Thakur

The Minister of State for Ports, Shipping and Waterways was speaking at the opening day of the 14th edition of the INMEX SMM India, hosted here by Informa Markets

E20 fuel criticism is propaganda by 'rich and strong' petrol lobby: Gadkari

Union Minister Nitin Gadkari dismissed concerns over E20 fuel efficiency as propaganda by a powerful petrol lobby, while stressing growth and innovation in the auto sector

Donald Trump, PM Modi reignite hopes of trade deal at 'the earliest'

India and the US are stepping up trade negotiations as both leaders express confidence in resolving barriers after earlier setbacks over tariffs and Russian oil imports

FinMin asks CGST field offices to submit MRP change data after Sep 22

The monthly report on pre- and post-September 22 MRP will have to be submitted to the CBIC by the 20th of every month for the next six months, said the letter dated September 9

Shift in dependency as 83% of sole-earning women gig workers married: Study

Of the total women surveyed in Delhi NCR region, 16. 3 per cent responded as being sole earners

India in active dialogue with US for free trade agreement, says Goyal

The minister said that negotiations are going on with the European Union as well in the national capital for concluding a trade agreement

Centre may meet FY26 fiscal deficit target despite GST overhaul: Fitch

Separately, Bank of Baroda in a report said the impact of GST reforms will be minimal as it accounts for Rs 48,000 crore or only around 0.1-0.2 per cent of the GDP

Russian crude oil supply remains steady despite sanctions pressure

In first nine days of Sep, loadings for India stood at 1.55 million bpd, as against August loadings of 1.49 million bpd

Datanomics: Slack in informal manufacturing in pre-tariff quarter

First-ever quarterly estimates of unincorporated enterprises show job and enterprise losses in manufacturing, raising concerns over India's growth outlook

India's reforms give cushion against global uncertainty: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran said GST overhaul and structural reforms will strengthen India's resilience to global risks and help meet the fiscal deficit target

Fitch ups India FY26 GDP forecast to 6.9% from 6.5% on domestic demand

Global growth is now forecast to be 2.4 per cent in 2025, up 0.2 percentage points (pp) since June but a sizable slowdown from 2.9 per cent last year and below trend

Aluminium industry needs policy support for next phase of growth: Hindalco

Hindalco and Vedanta executives said policy support, innovation and investment will be critical as India's aluminium demand is set to multiply, driven by urbanisation and industry needs

GST reforms to cushion Indian economy from US tariffs, says CEA Nageswaran

Chief Economic Adviser Anantha Nageswaran said the GST reforms would help counter the effect of US tariffs by stimulating domestic demand and mitigating risks to capital formation

Centre plans support package for exporters hit by Trump's tariffs

The Ministry of Commerce and Industry has proposed measures to ease liquidity for exporters through collateral-free loans and subsidised interest rates