Page 139 - Economy & Policy News
Howrah foundries rush to export extra shipments to beat looming US tariffs
Saha is oblivious to the tug-of-war over tariffs. He is simply racing to meet a tight deadline for orders bound for the United States -- a story repeated across the export-focused units of Howrah
 "Howrah foundries rush to export extra shipments to beat looming US tariffs")
Expect an income tax refund rush as new law approaches implementation
These refunds, reckoned to be close to ₹1,000 crore, largely relate to tax demand cases in which taxpayers had secured favourable orders from appellate authorities
 "Expect an income tax refund rush as new law approaches implementation")
Rupee posts biggest single-day gain in over a month on Fed rate cut hopes
Rupee strengthens 0.46% to 87.44/$, buoyed by weaker dollar, falling CPI, and gains in Indian equities and Asian currencies
India achieves 100 GW solar PV module capacity under ALMM: MNRE
Solar PV manufacturing under MNRE's quality-assured ALMM norms grows from 2.3 GW in 2014 to 100 GW, with 100 firms now operating 123 units nationwide
 "India achieves 100 GW solar PV module capacity under ALMM: MNRE")
India has growth potential: IKEA CEO at first Delhi store opening
India is among the top 10 markets in the sourcing countries list, from where it is procuring products worth around 400 million euros for its global retail operations
 "India has growth potential: IKEA CEO at first Delhi store opening")
China to continue anti-dumping tariff on Indian fibre optic products
China first imposed the tariffs in 2014 and had extended them in August 2020
 "China to continue anti-dumping tariff on Indian fibre optic products")
Govt likely to allow private cos to mine uranium to help nuclear expansion
Prime Minister Narendra Modi's government plans to expand nuclear power production capacity by 12 times by 2047
 "Govt likely to allow private cos to mine uranium to help nuclear expansion")
India's headline inflation likely to average 3.5% in FY26: Crisil
In its research report for August, the rating agency said that healthy agricultural production is likely to keep food inflation in check
 "India's headline inflation likely to average 3.5% in FY26: Crisil")
India needs big push in AI, chips to compete with US, China, says CEA
CEA V Anantha Nageswaran said that the current trade-related matters are important but they should not blind us to other challenges
 "India needs big push in AI, chips to compete with US, China, says CEA")
India's trade dilemma: Shield farmers, textiles or risk US cotton tariffs
Losing access to the US consumer may hurt India's farm economy more than slashing its 39 per cent average tariff on imported produce
 "India's trade dilemma: Shield farmers, textiles or risk US cotton tariffs")
India's retail inflation eases to an eight-year low of 1.55% in July
The last time the Consumer Price Index (CPI) had been this benign was in June 2017, when it recorded a 1.46 per cent uptick
 "India's retail inflation eases to an eight-year low of 1.55% in July")
Net direct tax collection down 4% to nearly ₹6.63 trillion till August 11
Net direct tax collections fell to Rs 6.63 trillion till August 11 in FY26 due to higher corporate refunds, while gross collections also declined 1.9%
 "Net direct tax collection down 4% to nearly ₹6.63 trillion till August 11")
High levels of Russian crude imports may not last forever, says govt
The ministry was commenting on a recommendation by the panel on imports of crude oil from Russia according to the report of the panel tabled in Parliament today
 "High levels of Russian crude imports may not last forever, says govt")
Cabinet clears over ₹18,500 crore chip, hydro power, Metro rail plans
The decisions include ₹4,600 crore for semiconductor units, ₹5,800 crore for the Lucknow Metro, and ₹8,146 crore for a hydroelectric project in Arunachal Pradesh
 "Cabinet clears over ₹18,500 crore chip, hydro power, Metro rail plans")
OilMin rejects blended fuel fears, says ethanol priced higher than petrol
Despite higher ethanol prices, India sticks to its blending mandate for energy security, farmer income, and sustainability
 "OilMin rejects blended fuel fears, says ethanol priced higher than petrol")
Andhra Pradesh CRDA proposes projects worth ₹81,317 crore for Amaravati
Chief Minister N Chandrababu Naidu reviewed the progress of Amaravati's construction at the Secretariat, in a meeting attended by Municipal Minister P. Narayana, senior officials, and contractors
 "Andhra Pradesh CRDA proposes projects worth ₹81,317 crore for Amaravati")
MSME bodies seek urgent liquidity, faster refunds to offset US tariff hit
MSME bodies urge emergency credit, faster RoDTEP and GST refunds, and targeted relief measures to protect exporters from US tariff hikes impacting margins and employment
 "MSME bodies seek urgent liquidity, faster refunds to offset US tariff hit")
Over 1.67 million households benefitted under solar scheme: Govt to RS
The Ministry of New & Renewable Energy (MNRE) is implementing PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY) across the country since February 2024
No additional tariffs by US on Indian pharma, electronics so far: Govt
"No additional tariffs have been imposed on Indian exports to the US in sectors like pharmaceuticals, and electronics as yet," Prasada said
 "No additional tariffs by US on Indian pharma, electronics so far: Govt")
India's July inflation eases to 8-year-low at 1.55%, food prices negative
July CPI-based inflation: Food prices fell sharply as CFPI slid to -1.76%, the steepest drop since January 2019
 "India's July inflation eases to 8-year-low at 1.55%, food prices negative")