Page 12 - Economy & Policy News

Cabinet approves ₹8,970 crore Guwahati-Tezpur highway project in Assam

The four-lane access-controlled NH-15 corridor will be developed under the BOT Toll model to improve connectivity, reduce congestion and support economic growth in Assam

No commitments relating to ethanol import from US under FTA talks: Govt

The government said India has made no commitment to import US ethanol for fuel blending, reaffirming that the blending programme relies entirely on domestic supplies

India must sustain 9.25% growth for 21 years to achieve 2047 goal: Lahiri

NITI Aayog Vice-Chairman Ashok Lahiri says India must sustain 9.25 per cent annual nominal growth for 21 years, backed by reforms, to achieve developed-country status by 2047

Coal stocks can meet power sector demand for 62 days: Coal Ministry

India's coal stocks for the power sector can support around 62 days of consumption as production and dispatch rise amid strong supply growth

Cabinet approves ₹8,970-crore Guwahati-Tezpur highway project in Assam

The government said the project would double the average travel speeds and cut travel time by half, while improving road safety, fuel efficiency, and reducing vehicle operating costs.

Urban, rural consumer confidence dips as price concerns persist: RBI survey

Households became more cautious about the economy, jobs and inflation in July, though they remained optimistic about income growth and spending, RBI's latest surveys showed

Rajasthan sanctions ₹2,101 crore for non-patchable, missing-link roads

Rajasthan approves ₹2,101 crore for constructing 3,232 missing-link and non-patchable roads to improve connectivity across 187 Assembly constituencies

Govt moves to end ISI's 94-yr society status, defends Bill amid backlash

The Centre says the proposed law will strengthen governance and expand academic opportunities at the Indian Statistical Institute, while faculty members warn it could erode institutional autonomy

Foreign etailers told to set up separate export-only units in India

The DGFT has notified a framework requiring foreign-owned e-commerce firms to create separate legal entities for inventory-based exports of Indian-made goods under the revised FDI policy

India's services PMI falls to 4-year low in July amid weaker demand

Softer demand, fierce competition and postponed orders slowed services activity, though export orders, employment and profit margins showed some improvement during the month

States' deficits run deeper than their Budgets, show CAG reports

CAG audits reveal that several Indian states understated their fiscal gaps in 2024-25 due to accounting practices, off-budget borrowings, and unrecorded liabilities

Eight coal gasification projects to draw ₹65,365 crore investment

The Centre says eight approved coal gasification projects are expected to attract investments of ₹65,365 crore and gasify around 12 million tonnes of coal annually

India's KAL attack drone eyes Gulf, global markets amid export push

IG Defence's indigenous long-range attack drone KAL has drawn interest from Gulf nations and is being readied for exports, subject to government approvals and export clearances

NHAI suspends toll collection on newly-opened Kanpur-Lucknow Expressway

NHAI suspends toll collection on the Kanpur-Lucknow Expressway until repairs are completed, while initiating action against the concessionaire and officials over quality lapses

Govt may impose gas levy to finance $42 billion strategic fuel reserves

The plan would ​extend India's strategic reserves beyond crude oil for the first time, with stockpiles designed to cover about two months of ‌crude and LNG demand, and around six weeks of LPG

Commerce ministry notifies norms for inventory-based ecommerce exports

The government recently allowed ecommerce firms, having foreign stakes, to keep inventory only for export purposes

Tax Bill proposes easier norms for data centres, incentives for electronics

Proposed amendments seek to simplify tax rules for data centres, improve ease of doing business and provide long-term certainty for electronics manufacturers and cloud firms

'Someone has to pay': RBI Governor on proposal to levy MDR on UPI payment

RBI Governor Sanjay Malhotra says digital payment infrastructure has costs as the Union government weighs bringing back MDR on high-value UPI merchant transactions

India's forex reserves jump to near three-month high of $692.9 billion

Reserves jumped nearly $10.5 billion compared to the previous week, in ‌their biggest surge since the week ended January 30

Services PMI falls to 53.3 in July, slowest growth in nearly 4.5 years

India's services sector expanded in July, but activity and new business grew at their weakest pace since early 2022, even as exports and hiring remained resilient