Page 128 - Economy & Policy News
Centre planning support measures for exporters amid tariff shock: Official
The government is likely to include steps such as the rollout of an export promotion mission worth Rs 25,000 crore over six years, and a moratorium on export loans
 "Centre planning support measures for exporters amid tariff shock: Official")
CCI, MeitY to work together on competition and data protection issues
This was decided on Thursday in a high-level meeting of representatives of the Competition Commission of India (CCI) and the Ministry of Electronics and Information Technology (Meity)
 "CCI, MeitY to work together on competition and data protection issues")
India, Mexico top global auto investments in H1 2025 despite slump
India and Mexico attracted the most auto projects in H1 2025, though global investment value nearly halved, reflecting EV policy uncertainty and shifting supply chain strategies
 "India, Mexico top global auto investments in H1 2025 despite slump")
Rajasthan govt mulling new policy for farmer-producer organisations
The Panch-Gaurav program focuses on one crop, one plant species, one product, one tourist spot, and one sport in each district
 "Rajasthan govt mulling new policy for farmer-producer organisations")
US tariffs may cut India growth by 0.5%: Ex-commerce secretary G K Pillai
Terming the steep tariff imposed on India as discriminatory, he said others like China and many European nations also import energy from Russia, but the US has not imposed a penalty against them
 "US tariffs may cut India growth by 0.5%: Ex-commerce secretary G K Pillai")
GST reform to offset growth drag from 50% US reciprocal tariff: BMI
GST has grown to be the second-largest source of fiscal revenue after income tax, amounting to around 30 per cent of total revenue and 2.5 per cent of GDP in FY2024-25
 "GST reform to offset growth drag from 50% US reciprocal tariff: BMI")
India's inflation index to be revised every 5 years: Saurabh Garg
The new CPI series will be released by Mospi in the first quarter of 2026, with 2024 as the base year. Currently, the base year is 2012
US tariffs to hit nearly one-fourth of textile exports in 6 months: Experts
However, the extension of duty-free import of cotton by three more months till December 31 is expected to bring some much-needed relief to the domestic textile industry
 "US tariffs to hit nearly one-fourth of textile exports in 6 months: Experts")
Centre extends cotton import relief; TN, industry push for more sops
Tamil Nadu and industry bodies urge higher export incentives, faster EU trade deal and wider market access as US tariff hits Tiruppur's exports; Centre extends cotton relief till December 31
India should rethink Russian oil imports as US tariffs hit: Raghuram Rajan
Former RBI governor Rajan pointed out that refiners have been earning excess profits from importing Russian oil, while exporters have taken a hit due to tariffs imposed by the US
 "India should rethink Russian oil imports as US tariffs hit: Raghuram Rajan")
US tariffs to worsen India's solar panel glut as domestic bidding slows
India's awards of solar generation projects and new tenders slowed dramatically in the quarter ended June
 "US tariffs to worsen India's solar panel glut as domestic bidding slows")
Govt extends duty-free cotton imports till Dec 31 to aid textile exporters
The Finance Ministry has extended duty exemption on cotton till December 2025 to ease raw material supply, support garment exporters and cushion the impact of US tariffs on RMG
 "Govt extends duty-free cotton imports till Dec 31 to aid textile exporters")
Sweets and namkeen makers ask for GST reduction to 5% citing jobs, margins
In its note, the federation said that these changes would reduce litigation, stabilise margins, boost employment and align with India's ambition of becoming a global food hub
 "Sweets and namkeen makers ask for GST reduction to 5% citing jobs, margins")
STMAI urges govt to act against surge of low-cost Chinese pipe imports
Chinese importers are reportedly declaring inflated invoice values at the time of customs clearance, while subsequently selling the same products in the Indian market at significantly lower prices
 "STMAI urges govt to act against surge of low-cost Chinese pipe imports")
Trump slammed for 50% tariff on India while sparing China over Russian oil
Democrats say Trump's new tariff on India is unfair and politically motivated, accusing him of letting China off the hook despite being the top buyer of Russian crude oil
 "Trump slammed for 50% tariff on India while sparing China over Russian oil")
Why India's Russian oil imports sparked US tariffs amid Ukraine peace talks
White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop
 "Why India's Russian oil imports sparked US tariffs amid Ukraine peace talks")
Centre extends cotton import duty exemption amid US tariff pressure
The world's second-biggest cotton producer had earlier announced an exemption on cotton imports from an 11 per cent duty until September-end and has now extended that to December 31
 "Centre extends cotton import duty exemption amid US tariff pressure")
Indian firms delay expansion plans amid demand, trade uncertainty: BofA
Firms are focusing on paying down debt, opting for refinancing rather than expanding capacity, Shankar Subramaniam, the bank's head of India corporate banking said
 "Indian firms delay expansion plans amid demand, trade uncertainty: BofA")
Navarro calls Ukraine conflict 'Modi's war', links tariffs to Russian oil
White House adviser Peter Navarro blamed India for fuelling Russia's war, saying it could get 25% tariff relief if it halts discounted crude imports from Moscow
 "Navarro calls Ukraine conflict 'Modi's war', links tariffs to Russian oil")
US tariffs: Bracing for pain, exporters cling to trade deal hopes
Workers, small business owners fear loss of livelihood as factories reduce operational hours amidst cancelling of orders
 "US tariffs: Bracing for pain, exporters cling to trade deal hopes")