Page 132 - Economy & Policy News

Textile hubs in Surat, Tiruppur suspend output as US tariff takes effect

The 50 per cent tariff will affect the export prospects of several industries in India's largest market and also poses a risk for India's near-term growth and capital flows trajectory

Additional 25% tariff imposed by Trump on India comes into effect

On August 7, the Trump announced doubling tariffs on Indian goods to 50 per cent for India's purchases of Russian crude oil, but gave a 21-day window to negotiate an agreement

Diwali tax cuts risk worsening India's tariff sting as Trump threat looms

While lower consumption taxes will indeed spur demand, particularly for durables such as autos, TVs and ACs, it may not happen immediately

India's GDP growth likely slowed to 6.7% in Q1, set to ease further: Poll

The poll showed India GDP growth slowing to 6.5 per cent this quarter, 6.3 per cent in October-December and 6.2 per cent in January-March

50% US tariff on India takes effect Wednesday; exporters seek urgent relief

Exporters will need to explore new markets as the US is no longer an option for many, he stressed

50% US tariffs kick in from Wednesday: Shrimp crimp for sellers, consumers

A 50% import duty has slashed farm-gate shrimp prices in India while pushing up consumer prices in the United States

Committed to energy ties with India, says senior US Embassy official

US, India deepen energy ties with focus on critical minerals, nuclear reactors, oil, gas, and smart energy solutions to strengthen long-term energy security

US slaps steep tariffs on Indian goods, exports set to fall from Wednesday

The new duties will apply from 12:01 am EDT on Wednesday (9:31 am IST), it showed. Exceptions are shipments in transit, humanitarian aid, and items under reciprocal trade programmes

Safeguard duty on steel: More than a safety net, but is it enough?

Can the safeguard duty on steel be more than a safety net, and is it enough when other countries are also stepping up to protect their interests?

Ease of doing business: Multiplexes seek GST reforms on movie tickets, F&B

Multiplexes want GST reforms on tickets and F&B, along with single-window clearance, to make cinema more affordable and help boost screen growth to 10 per cent annually

Apparel makers urge govt to fix 5% GST on all garments, end duty issues

The apparel industry has sought a flat 5% GST across all garments to prevent under-invoicing, grey market activity, and inverted duty structure under the proposed GST reforms

RBI asks banks to monitor 'high risk' fund flows coming from Pakistan

It named Pakistan as "high risk" jurisdiction from an arms financing perspective and cited Indian investigations into arms financing but did not go into detail about their findings

Rewriting retirement: A new window has opened for pension subscribers

The government has opened a one-time window for employees under the Unified Pension Scheme (UPS) to switch back to the National Pension Scheme (NPS), reshaping retirement choices for millions

From July 2017 to Diwali 2025: India's evolving GST journey explained

As PM Modi promises a fresh round of GST reforms, here's a look at how India's biggest tax reform began in 2017 and how it has shaped the economy over the years

MSMEs must focus on quality, competitiveness, and global integration: Govt

MSMEs contribute over 30 per cent to GDP and 45 per cent to exports, but leaders stress quality, innovation and Industry 4.0 adoption to boost competitiveness and global integration

Tirupur, Noida, Surat exporters halt production amid high US tariffs: FIEO

Looking at the current emerging scenario, he urged that there is a need for immediate government support, which includes a push for interest subvention schemes and export credit support

Only a third of nearly 33K registered FPOs financially viable: Icar body

Average equity capital support for FPOs at 45 per cent of optimal levels; credit access only 37 per cent of optimal levels, a paper by an Icar body shows

Are export sectors in the firing line? Markets brace for tariff fallout

From textiles and gems to auto parts and seafood, Indian exporters brace for shrinking US orders, job losses, and weaker earnings as Trump's tariff surge takes effect on August 27

Indian refiners to trim Russian oil purchases as higher US levies loom

State-run and private processors, including heavyweight Reliance Industries Ltd., are expected to buy 1.4 million-to-1.6 million barrels a day for October loading and beyond

Japan to unveil plan to invest $68 bn in India over 10 years in AI, chips

Japanese PM Shigeru Ishiba, who is scheduled to meet Prime Minister Narendra Modi on Friday, is expected to unveil plans to deepen the business ties between the two Asian countries