Page 144 - Economy & Policy News
Exporters seek govt aid, credit at affordable rates to deal with US tariffs
In a meeting with Commerce and Industry Minister Piyush Goyal in Mumbai, certain exporters sought plans on the lines of the production-linked incentive (PLI) scheme
 "Exporters seek govt aid, credit at affordable rates to deal with US tariffs")
US penalty risk on Russian oil may add ₹9-11 bn to India's import bill
Russian oil, which accounted for less than 0.2 per cent of India's imports before the war, now makes up 35-40 per cent of the country's crude intake
 "US penalty risk on Russian oil may add ₹9-11 bn to India's import bill")
India on path to becoming world's third-largest economy, says PM Modi
Addressing a public meeting in his parliamentary constituency Varanasi on Saturday, Modi said, "As we talk about economic progress, I want to draw your attention to the current global scenario
 "India on path to becoming world's third-largest economy, says PM Modi")
India to keep buying Russian oil despite Trump's penalty threat: Report
Despite Donald Trump's warning of a penalty, Indian officials say the government had "not given any direction to oil companies" to cut back imports from Russia
 "India to keep buying Russian oil despite Trump's penalty threat: Report")
India reacts with outrage to Trump's tariff hike, 'dead' economy remarks
India is hardly alone in facing Trump's trade wrath - and not the subject to the very highest rates - but the news left business and political leaders wondering how to cope with the fallout
 "India reacts with outrage to Trump's tariff hike, 'dead' economy remarks")
'A good step': Trump welcomes reports of India halting Russian oil imports
Amid tariff threats and narrowing price gaps, India's oil firms have paused Russian crude orders; MEA says no official directive
 "'A good step': Trump welcomes reports of India halting Russian oil imports")
Donald Trump's 25% tariff hit triggers layoff warning from exporters
No Russia penalty yet; key meetings between Goyal and exporters on Saturday, Sunday
 "Donald Trump's 25% tariff hit triggers layoff warning from exporters")
Trump tariff impact: Govt hopeful US will modify tariffs downwards
Despite tensions over tariffs, India continues diplomatic engagement with the US and remains hopeful that the White House will reconsider its 25% tariff on Indian goods
 "Trump tariff impact: Govt hopeful US will modify tariffs downwards")
Trump tariff impact: Logistics players to realign supply chain network
There can be a realignment to Europe, Southeast Asia, and the Gulf Cooperation Council, as trade routes adjust
 "Trump tariff impact: Logistics players to realign supply chain network")
India's manufacturing PMI hits 16-month high at 59.1 in July on high demand
India's Manufacturing PMI for July climbs to 59.1 from 58.4 in June driven by new orders and output, shows HSBC survey as compiled by S&P Global
 "India's manufacturing PMI hits 16-month high at 59.1 in July on high demand")
Datanomics: Market access vs mass survival in unequal India-US fields
The US move on tariff is seen as its pressure tactics on forcing New Delhi to sign a bilateral trade agreement (BTA) with Washington
 "Datanomics: Market access vs mass survival in unequal India-US fields")
India's net GST revenue rises 1.7% to ₹1.68 trillion in July; refunds surge
July's net GST kitty growth marks the slowest pace since last February from when disaggregated data on gross and net GST collections is available. In June, net GST revenues were up 3.3 per cent
 "India's net GST revenue rises 1.7% to ₹1.68 trillion in July; refunds surge")
PM's Internship Scheme: What's working, what's not, what it teaches youth
A look at the varied experiences of Prime Minister's Internship Scheme - what's working, what's not, and what it's teaching India's youth
 "PM's Internship Scheme: What's working, what's not, what it teaches youth")
Rupee strengthens marginally as RBI intervention supports currency
The rupee inched up against the US dollar on August 1, likely aided by RBI intervention, even as foreign outflows and negative sentiment from US tariffs kept pressure on the currency
 "Rupee strengthens marginally as RBI intervention supports currency")
Andhra clears new ₹4,600 cr policy to boost electronic part manufacturing
The state plans to achieve an overall target of $100 billion in investments in the electronics ecosystem, a government source said
 "Andhra clears new ₹4,600 cr policy to boost electronic part manufacturing")
US tariff hike to cut India's shrimp exports by 7-9% in FY26: Crisil
The proposed increase in tariff by the US, along with additional financial penalties, is likely to impact shrimp export volumes by 7-9 per cent this financial year, Crisil Ratings said on Friday.
 "US tariff hike to cut India's shrimp exports by 7-9% in FY26: Crisil")
Ministry of coal awards 7 coal blocks in 12th round of commercial auction
Blocks expected to fetch Rs 720 crore in annual revenue, attract Rs 787.5 crore investment, and generate over 7,000 jobs, says Coal Ministry
 "Ministry of coal awards 7 coal blocks in 12th round of commercial auction")
Gross GST mop-up rises 7.5% to ₹1.96 trillion in July; refunds jump 67%
Gross GST mop-up was ₹1.82 trillion in July 2024. Last month, the collection was ₹1.84 trillion
 "Gross GST mop-up rises 7.5% to ₹1.96 trillion in July; refunds jump 67%")
India's forex reserves rise by $2.7 bn to reach $698.1 bn in July
India's forex reserves rose by USD 2.703 billion to USD 698.192 billion during the week ended July 25, the RBI said on Friday.
 "India's forex reserves rise by $2.7 bn to reach $698.1 bn in July")
Power consumption increases 2.6% to 153.63 billion units in July
Experts believe the heavy rains across the country due to active monsoon affected the power consumption as well as demand in July
 "Power consumption increases 2.6% to 153.63 billion units in July")