Page 126 - Economy & Policy News
On track to achieve fiscal deficit target of 4.4% for FY26: DEA Secy Thakur
The Centre estimates the fiscal deficit during 2025-26 at 4.4 per cent of the GDP, or Rs 15.69 trillion
 "On track to achieve fiscal deficit target of 4.4% for FY26: DEA Secy Thakur")
Govt working overtime to cushion export sectors against US tariffs: CEA
CEA Nageswaran highlighted that crises, big or small, often act as catalysts, prompting government, businesses, and households to take urgent actions that might otherwise be delayed
 "Govt working overtime to cushion export sectors against US tariffs: CEA")
Govt should allocate ₹2,500 cr for exporters to join MAI exhibitions: GTRI
GTRI founder Ajay Srivastava said the Rs 250 crore budget was too small for a $440 bn plus export economy and urged a revival with Rs 2,500 crore annually
 "Govt should allocate ₹2,500 cr for exporters to join MAI exhibitions: GTRI")
Trump's 50% tariffs on India risk straining bilateral ties beyond trade
India may resent Trump's tariffs, but with careful diplomacy they could be seen as temporary steps to rebalance ties while reforms and openness progress at India's own pace
 "Trump's 50% tariffs on India risk straining bilateral ties beyond trade")
Economy spurts 7.8% in Q1 FY26 as manufacturing, agri, services shine
India's GDP grew 7.8% in Q1 FY26, a five-quarter high led by manufacturing and services, though US tariffs pose risks to sustaining growth momentum
 "Economy spurts 7.8% in Q1 FY26 as manufacturing, agri, services shine")
Rupee tumbles past 88 against dollar to fresh low on US tariff hit
The rupee slumped to an all-time closing low against the dollar, pressured by US tariffs, equity outflows, and weak Asian peers
 "Rupee tumbles past 88 against dollar to fresh low on US tariff hit")
$67 bn in 10 years: Japan pledges long-term investment push in India
Modi-Ishiba talks yield 21 outcomes: From defence and critical minerals to high-speed rail and skill training
 "$67 bn in 10 years: Japan pledges long-term investment push in India")
Net FDI falls 21.1% to $4.91 bn in Q1 FY26 on higher outward flows
Despite strong gross inflows, rising outward investments and repatriation pulled down India's net FDI in April-June 2025
 "Net FDI falls 21.1% to $4.91 bn in Q1 FY26 on higher outward flows")
US tariffs pose downside risk to aggregate demand, says RBI report
Headline inflation to remain significantly below target this year; S&P upgrade bodes well for yields
 "US tariffs pose downside risk to aggregate demand, says RBI report")
GST rate reforms: Oppn-ruled states call for additional levy for 5 yrs
At a consultative meeting in the capital, ahead of the GST Council's meeting on September 3-4, these states supported the Centre's proposal for rationalisation
 "GST rate reforms: Oppn-ruled states call for additional levy for 5 yrs")
Will come up with measures to expand India's presence in global mkts: Goyal
The Union minister exuded confidence that the measures will ensure that India's exports in the current financial year will exceed that of last year's
 "Will come up with measures to expand India's presence in global mkts: Goyal")
Consumption demand becomes broadbased; govt capex boosts investment
NSO data shows broad-based demand recovery with rural growth, higher wages, and strong public capex
 "Consumption demand becomes broadbased; govt capex boosts investment")
Impact of 50% US tariff would be concentrated in Q2: CEA Nageswaran
The CEA said that while it was difficult to calculate the precise impact of the US tariff on the growth at this point, the removal of uncertainty can unleash higher growth in the coming quarters
 "Impact of 50% US tariff would be concentrated in Q2: CEA Nageswaran")
Centre to launch first bidding round under Deepwater Mission soon
National Deepwater Mission aims to boost hydrocarbon output, cut imports
 "Centre to launch first bidding round under Deepwater Mission soon")
Outward remittances under LRS stay flat at $6.9 billion in Q1 FY26
According to RBI data, the amount remitted under LRS was up 0.5 per cent year-on-year (Y-o-Y) from $6.88 billion recorded in Q1 FY25
 "Outward remittances under LRS stay flat at $6.9 billion in Q1 FY26")
Fiscal deficit at 29.9% of budget estimates in April-July FY26: CGA data
April-July data shows rising capex and RBI dividend boost, but tax revenue contraction widened India's fiscal deficit
Forex reserves drop $4.38 billion to $690.72 billion, shows RBI data
For the week ended August 22, foreign currency assets, a major component of the reserves, decreased $3.652 billion to $582.251 billion, the data released on Friday showed
 "Forex reserves drop $4.38 billion to $690.72 billion, shows RBI data")
LIC presents dividend cheque of ₹7,324 crore to Finance Minister for FY25
The dividend was approved by LIC in its annual general meeting held on August 26, 2025, the state-owned insurance firm said in a statement
 "LIC presents dividend cheque of ₹7,324 crore to Finance Minister for FY25")
Telangana may face ₹7,000 cr annual loss from GST reform: Deputy CM
Addressing the media in the national capital, Vikramarka said Telangana's accumulated losses since the introduction of GST are estimated to be nearly Rs 80,000 crore
 "Telangana may face ₹7,000 cr annual loss from GST reform: Deputy CM")
India's Q1 FY26 GDP hits five-quarter high at 7.8%, beats RBI forecast
Q1 FY26 GDP: MoSPI data shows GDP growth above RBI's 6.5% estimate; nominal GDP at ₹86.05 trillion, GVA at ₹44.64 trillion
 "India's Q1 FY26 GDP hits five-quarter high at 7.8%, beats RBI forecast")