Page 140 - Economy & Policy News
MNRE aims to clear backlog of ₹200 cr subsidy for CBG plants post monsoon
Delays have stemmed from stringent norms, eased last June, and off-take challenges for larger plants
 "MNRE aims to clear backlog of ₹200 cr subsidy for CBG plants post monsoon")
India moving fast towards becoming the world's third-major economy: PM Modi
The Prime Minister's comments come days after US President Donald Trump's "India a dead economy," jibe
 "India moving fast towards becoming the world's third-major economy: PM Modi")
Statsguru: The two sides of growth as India marks 79th Independence Day
Demographically, India overtook China as the most populous nation, with 1.46 billion people in 2025, even as the average annual population growth rate fell
 "Statsguru: The two sides of growth as India marks 79th Independence Day")
Private sector likely to play a key role in nuclear power road map
A consultative process is underway, led by NITI Aayog along with NPCIL, involving state energy ministers as nodal points to ensure alignment with state-level energy priorities
 "Private sector likely to play a key role in nuclear power road map")
'Indian refiners can do without Russian oil, but with trade-offs'
Russian crude supports high distillate yields - the share of crude converted into fuels like petrol, diesel, and jet fuel through distillation
 "'Indian refiners can do without Russian oil, but with trade-offs'")
Shrimp exporters seek govt aid as Trump tariffs threaten $2 bn of exports
The association has requested a 30 per cent increase in working capital through soft loans
 "Shrimp exporters seek govt aid as Trump tariffs threaten $2 bn of exports")
Govt plans to ease petrol pump licensing norms amid energy security push
The government had in 2019 relaxed the norms for setting up petrol pumps, opening the door for non-oil companies to enter the fuel retailing business
 "Govt plans to ease petrol pump licensing norms amid energy security push")
India, Oman free trade agreement likely to be announced soon, says official
The trade pact text is being translated into Arabic in Oman. After that, the cabinets of both countries will approve the agreement, according to the official.
 "India, Oman free trade agreement likely to be announced soon, says official")
India's forex reserves fall $9.3 bn on RBI dollar sales, revaluation
India's forex reserves drop to $688 billion amid heavy RBI dollar sales and revaluation losses as rupee weakens past 87 per dollar following US tariff action
 "India's forex reserves fall $9.3 bn on RBI dollar sales, revaluation")
US tariff shock puts Indian MSMEs at risk, industry seeks govt support
MSMEs, which drive 45% of India's exports, warn of a $30 bn blow as US imposes steep tariffs; industry calls for urgent support and export market diversification
 "US tariff shock puts Indian MSMEs at risk, industry seeks govt support")
Nudging more states to mandate procurement through GeM, says CEO
In 2024-25, about 10.5 per cent of the total government procurements worth ₹5.42 trillion carried out through the GeM portal were from States
 "Nudging more states to mandate procurement through GeM, says CEO")
Trump signals no more trade talks, Piyush Goyal says parleys still on
Commerce minister confident India's FY26 exports will exceed last year's tally
 "Trump signals no more trade talks, Piyush Goyal says parleys still on")
Indian economy is robust: Arvind Panagariya counters Donald Trump's jibe
Trump later imposed 50 per cent tariff on Indian goods imported to the US with a brief exemption list
 "Indian economy is robust: Arvind Panagariya counters Donald Trump's jibe")
India will emerge stronger amid US tariffs, says Goyal as trade talks go on
Commerce Minister Piyush Goyal said India is in negotiations with the US, EU and others for trade agreements, aiming to exceed last year's $825 bn exports despite tariff challenges
 "India will emerge stronger amid US tariffs, says Goyal as trade talks go on")
Govt targets 1K patents in critical minerals by 2031 under national mission
National Critical Mineral Mission to support innovation in exploration, processing, and recycling of key minerals to boost domestic tech and reduce import dependence
 "Govt targets 1K patents in critical minerals by 2031 under national mission")
Trump tariffs raise alarm, but how dependent is India on US imports
India's exposure to US imports is limited, but sectors like aerospace, LNG, and high-end tech remain strategically vulnerable
 "Trump tariffs raise alarm, but how dependent is India on US imports")
Money changers demand relief as accounts frozen over suspicious transfers
The industry body for foreign exchange providers, or money-changers, says accounts of members are being frozen on suspicion of proceeds received unknowingly from fraudsters through multi-layering of f
 "Money changers demand relief as accounts frozen over suspicious transfers")
India's GDP growth may dip to 6% in FY26 if 50% tariffs imposed: Moody's
On August 6, the US announced an additional 25 per cent tariff on all Indian imports, in addition to an existing 25 per cent duty, taking the total duty to 50 per cent effective August 27
 "India's GDP growth may dip to 6% in FY26 if 50% tariffs imposed: Moody's")
Committee on MSP held 45 meetings so far, says agriculture minister
The committee was established in July 2022, eight months after the government promised to set up such a panel while withdrawing the three contentious farm laws
 "Committee on MSP held 45 meetings so far, says agriculture minister")
FTAs may give India a share in $875 bn imports to EU, UK from China: BCG
India is uniquely positioned to benefit from this realignment, leveraging its strategic location, large domestic consumption base, favourable demographics