Page 15 - Economy & Policy News
India less worried about AI job losses than richer nations, data shows
Pew Research Center found that expectations of AI-driven job losses and a widening wealth gap were generally higher in countries with higher GDP per capita
 "India less worried about AI job losses than richer nations, data shows")
Weekly policy watch: Goyal-Greer meet, IIP, PMI and forex data in focus
India's policy calendar this week will track industrial output, manufacturing activity and fresh forex reserves data
 "Weekly policy watch: Goyal-Greer meet, IIP, PMI and forex data in focus")
Piyush Goyal likely to meet USTR Jamieson Greer amid tariff threat
The meeting comes amid US tariff threats and a Section 301 probe, while New Delhi and Washington remain engaged in negotiations to finalise their bilateral trade deal
Private sector capex projected to rise to ₹3.2 trn in FY27: RBI bulletin
The aggregate cost of projects hit a record ₹4.4 trillion in FY26, with infrastructure continuing to dominate the investment landscape
 "Private sector capex projected to rise to ₹3.2 trn in FY27: RBI bulletin")
CBIC eases paperwork to claim concessional duty on imports from UK
A valid Origin Declaration will suffice to claim concessional duty under the India-UK CETA, while Form-I may be sought only when a shipment is flagged for scrutiny
 "CBIC eases paperwork to claim concessional duty on imports from UK")
India's consumer durables market to touch ₹3-3.25 trillion by 2030
In comparison, China, the world's largest market, is expected to grow at 1-2 per cent annually through 2030, while the US is projected to expand by 3 per cent and Japan by 1-3 per cent
 "India's consumer durables market to touch ₹3-3.25 trillion by 2030")
Centre directs captive coal plants to maintain stocks, boost supply
The directions, applicable from October 1 to December 31, require captive generators to offer surplus power through exchanges after meeting their own demand
 "Centre directs captive coal plants to maintain stocks, boost supply")
Foundation stone laid for India's first port-based e-methanol plant
The ₹2,300-crore plant at Deendayal Port Authority in Kandla will be developed in two phases by DPA and Assam Petro-Chemicals
 "Foundation stone laid for India's first port-based e-methanol plant")
US happy to become provider as India diversifies energy sources: Official
US State Department official Bethany Morrison said India-US ties have expanded across energy, defence and trade, with the US emerging as a key LPG supplier
 "US happy to become provider as India diversifies energy sources: Official")
Maharashtra declares drought in 265 talukas, announces relief measures
The government will announce financial assistance for crop losses after the prescribed procedure
 "Maharashtra declares drought in 265 talukas, announces relief measures")
Replacing 1 mn bpd of Russian oil could cost India up to $3.7 bn a year
India may face higher crude costs and tighter supply as refiners look for alternatives to Russian barrels amid US tariff pressure and rising fuel demand
 "Replacing 1 mn bpd of Russian oil could cost India up to $3.7 bn a year")
AIIB plans to scale up water financing in India as El Niño worsens
The lender, which has approved $13.8 billion in financing for India, is looking to fund more water infrastructure and policy reforms as monsoon rainfall deficit widens
 "AIIB plans to scale up water financing in India as El Niño worsens")
Govt cuts FY27 borrowing by ₹1.2 trn, to raise ₹7.8 trn through gilts in H2
The government's net market borrowing, which essentially goes into financing the fiscal deficit, remains at ₹11.73 trillion, as estimated in the Budget
 "Govt cuts FY27 borrowing by ₹1.2 trn, to raise ₹7.8 trn through gilts in H2")
India close to concluding four BITs under updated treaty framework
India is close to concluding bilateral investment treaties with the UK, EU, Oman and Qatar, while the draft of an updated BIT framework awaits Union Cabinet approval
 "India close to concluding four BITs under updated treaty framework")
CEA Nageswaran flags 3 near-term risks: US ties, energy, and AI gap
CEA V Anantha Nageswaran says India cannot afford to choose between global blocs and must build strategic buffers and forge partnerships with foreign technology firms
 "CEA Nageswaran flags 3 near-term risks: US ties, energy, and AI gap")
Forex reserves fall $14.9 billion, sharpest weekly drop since Nov 2024
Foreign currency assets fell $14.8 billion during the week ended September 18, with an economist attributing $10.9 billion of the decline to actual dollar sales
 "Forex reserves fall $14.9 billion, sharpest weekly drop since Nov 2024")
India FDI inflows rise 6% to $19.81 bn in Apr-Jun quarter: DPIIT data
India's foreign direct investment rose 6% to $19.81 billion in April-June this fiscal from $18.62 billion a year earlier, with Singapore, Mauritius and the US among top sources.
 "India FDI inflows rise 6% to $19.81 bn in Apr-Jun quarter: DPIIT data")
India's forex reserves fall $14.89 billion to $766 billion: RBI data
India's forex reserves dropped by USD 14.881 billion to USD 765.901 billion during the week ended September 18 due to a fall in foreign currency assets, according to the RBI data released on Friday.
 "India's forex reserves fall $14.89 billion to $766 billion: RBI data")
Madhya Pradesh resumes public transport services after 21-year gap
The service will initially cover seven cities, with the Madhya Pradesh government planning to operate 1,500 buses across the state in the first year
 "Madhya Pradesh resumes public transport services after 21-year gap")
District unemployment data needs granular analysis for policymaking
National Sample Survey findings reveal significant divergence between combined and demographic-specific joblessness figures across key districts
 "District unemployment data needs granular analysis for policymaking")