Page 143 - Economy & Policy News

Jaishankar calls for a 'global fair order' amid Trump's tariff pressure

Jaishankar's remarks come amid rising global tensions, with Trump imposing tariffs on India and criticising its oil trade with Russia

India Composite PMI 15-mth high at 61.1; manufacturing rises, services hold

India's Composite PMI: Manufacturing PMI climbs to 16-month peak; services edge higher as strong demand and new orders boost growth

India Services PMI hits 11-month high in July on strong export demand

Composite PMI Output Index rose to 61.1 in July from 61.0 in June, its fastest pace since April 2024; but hiring growth weakens

Why isn't Trump pressuring China as hard: Expert on India tariff threat

The Global Trade Research Initiative (GTRI) stated that China-not India-is the largest purchaser of Russian oil. In 2024, China imported $62.6 billion worth, compared to India's $52.7 billion

Tamil Nadu seals ₹32,554 crore investment deals, creating 50,000 jobs

Tamil Nadu government signs Rs 32,554 crore investment deals, creating 50,000 jobs in South Tamil Nadu. Key projects include a space park and shipbuilding PSU, with JSW and RGE as major investors

Despite US pressure, Russian oil tankers unload at Indian refineries

More tankers are poised to discharge another 2.2 million barrels of Urals in the coming hours

Tankers deliver barrels of Russian crude to India despite US, EU pressure

India's appetite for discounted Russian crude, and its position as the single largest buyer of Moscow's seaborne oil, has long been a pain point for the US and Western allies

Limited US access to hit India's manufacturing growth plans, says Moody's

On top of the import duty, Trump has announced imposing a 'penalty' on India for Russian imports. However, the rate of penalty is yet to be announced

Trump threatens to 'substantially' raise tariffs on India over Russian oil

Trump says New Delhi buying 'massive' amounts of Russian crude and selling it for big profits

'EU, US import Russian goods but target us': India defends oil purchase

India slams Trump's tariff threat, defends Russian oil imports as essential, and calls out US, EU 'hypocrisy' for trading with Russia while unfairly targeting New Delhi

Green regulators can seek bank guarantees from polluters: Supreme Court

The Supreme Court ruled that Pollution Control Boards can impose environmental compensation and seek bank guarantees as preventive measures for potential environmental damage

India's marine fish landings drop 2% to 3.47 million tonnes in 2024

India's marine fish landings dropped by 2% in 2024, with Kerala witnessing a 4% fall. Gujarat remained the largest producer, while disruptions from cyclones and heatwaves affected fishing activities

India's marine fish catch dips 2% in 2024, Gujarat leads landings

Gujarat landed the most fish for the year at 754,000 tonnes, followed by Tamil Nadu with 679,000 tonnes and Kerala with 610,000 tonnes

India's IOC buys 7 mn barrels US, Abu Dhabi crude amid Russian oil decline

India's top refiner IOC buys 7 million barrels of crude from US, Canada and Abu Dhabi via tender, as Russian oil imports pause due to narrowing discounts and rising sanctions

Trump's tariff shock likely to deepen rupee's slide, hurt recovery further

Analysts at Deutsche Bank AG and Barclays Plc expect the currency to drop to new record lows by the year-end amid muted foreign inflows and headwinds from US tariffs

PM Modi defiant as Trump steps up pressure on India's Russian oil purchases

Modi's government hasn't given India's oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases

US tariffs on the horizon: Exporters seek rollout of promotion schemes

₹2,250 crore Export Promotion Mission awaits Cabinet nod

Integrating services into production can create more jobs, says CSEP

Services like construction, transport, and distribution play a significant role in supporting job creation in the manufacturing sector, the paper, based on empirical estimates, concluded

Kisan Credit Card accounts in PSBs down 1.8% to 22.5 million in FY25

Union Finance Minister Nirmala Sitharaman in her budget for FY26 increased the loan limit for farmers holding KCC to Rs 5 lakh from Rs 3 lakh earlier

Nayara Energy's pump supplies steady amid EU, US sanctions trouble

Only casualty for now is the export of fuels by the refiner