Page 151 - Economy & Policy News
Post JP Morgan index inclusion, FPIs turn sellers in FAR securities
After completion of inclusion process of domestic government securities in JP Morgan Indices on March 31, 2025, FPIs have net sold ₹31,262 crore worth of FAR securities so far
 "Post JP Morgan index inclusion, FPIs turn sellers in FAR securities")
EVs, defence, RE sectors face rare earth risks, says finance ministry
Finance ministry's May 2025 review notes easing inflation and strong GDP growth, but flags upside risks from global conflicts, oil prices and investor sentiment shifts
 "EVs, defence, RE sectors face rare earth risks, says finance ministry")
Current account balance posts surplus of 1.3% of GDP in Q4FY25: RBI
India posted a $13.5 billion current account surplus in Q4FY25, the first in three quarters, aided by strong services exports and a decline in primary income outflows
 "Current account balance posts surplus of 1.3% of GDP in Q4FY25: RBI")
Tea exporters cautiously optimistic as Israel-Iran ceasefire lifts demand
With Iran-bound orders resuming and auction prices rising, Indian tea producers and exporters remain hopeful even as shipments move slowly
 "Tea exporters cautiously optimistic as Israel-Iran ceasefire lifts demand")
India's external debt rises to $736 billion, 19.1% of GDP, says RBI
Short-term debt to total debt ratio dips to 18.3
 "India's external debt rises to $736 billion, 19.1% of GDP, says RBI")
Infosys founder Narayana Murthy visits GIFT City, lauds global potential
Narayana Murthy lauded the rapid progress being made and expressed appreciation for the world-class infrastructure
 "Infosys founder Narayana Murthy visits GIFT City, lauds global potential")
Govt will protect textile sector in US trade deal: Goyal tells export body
The minister also reiterated that all necessary steps would be taken to ensure that India's interests, especially those of vulnerable sectors like textiles and apparel, are safeguarded
 "Govt will protect textile sector in US trade deal: Goyal tells export body")
FM asks PSBs to step up deposit mobilisation, deepen corporate lending
Sitharaman reviews PSB performance, stresses deposit growth, better service, staffing, green lending, MSME credit, and expanded presence in underserved areas
 "FM asks PSBs to step up deposit mobilisation, deepen corporate lending")
India's forex reserves dip by $1.01 bn to $697.93 bn in week to June 20
Forex reserves had touched an all-time high of $704.885 billion in September 2024
 "India's forex reserves dip by $1.01 bn to $697.93 bn in week to June 20")
India's current account swings to $13.5 bn surplus in March quarter: RBI
Net services receipts increased to $53.3 billion in Q4:2024-25 from $42.7 billion a year ago
 "India's current account swings to $13.5 bn surplus in March quarter: RBI")
India must protect farmers, digital ecosystem in trade pact with US: GTRI
Beyond tariffs, the US is expected to press India for large-scale commercial purchases, including oil and LNG, civilian and military aircraft from Boeing, helicopters, and nuclear reactors, it said
 "India must protect farmers, digital ecosystem in trade pact with US: GTRI")
India imposes anti-dumping duty on plastic machines from China, Taiwan
Following investigation by the Directorate General of Trade Remedies, the Centre has imposed anti-dumping duties ranging from 27% to 63% on plastic processing machinery from China and Taiwan
 "India imposes anti-dumping duty on plastic machines from China, Taiwan")
India's economy to hold top spot for growth, but weaknesses remain: Poll
Private sector spending is still trailing far behind, and analysts generally agree the economy is still failing to create enough quality jobs for its large young population
 "India's economy to hold top spot for growth, but weaknesses remain: Poll")
'Very big' trade deal with India soon: Trump as he signs pact with China
Trump's remarks come at a time when the 90-day deadline for the tariff pause is likely nearing its end on July 9
 "'Very big' trade deal with India soon: Trump as he signs pact with China")
Rupee rises to two-week high as dollar weakens on Trump-Fed rate cut talk
Trump's remarks on Powell spur Fed rate cut hopes; rupee hits over two-week high at 85.71, though gains capped by RBI intervention via PSU banks
 "Rupee rises to two-week high as dollar weakens on Trump-Fed rate cut talk")
Global trade rebound may fade as export orders lose momentum, warns WTO
The barometer is a composite leading indicator that provides real-time insights into global merchandise trade trends
 "Global trade rebound may fade as export orders lose momentum, warns WTO")
RBI rate cuts still possible despite neutral stance, says MPC member
Bhattacharya said the immediate liquidity withdrawal was necessary because overnight rates had fallen below the floor of the RBI's rate corridor, warranting calibration
 "RBI rate cuts still possible despite neutral stance, says MPC member")
IBPS allowed to use Aadhaar to verify candidates in bank exams
The move aims to reduce impersonation, simplify identity checks, and bolster trust in bank recruitment, aligning with recent Aadhaar-based steps by the SSC
 "IBPS allowed to use Aadhaar to verify candidates in bank exams")
Gadkari says govt working on rare earth alternatives: 'Will be solved soon'
Speaking to Business Standard, Gadkari explained the government's multipronged push for self-reliance and assured that the problem of restrictions on rare earth magnets will be solved soon
 "Gadkari says govt working on rare earth alternatives: 'Will be solved soon'")
States to spend ₹1 trn on pre-poll sops to women in FY26: Crisil report
The social sector spends used to be in the range of 1.4-1.6 per cent of GSDP between fiscals 2019 and 2024, and climbed up to 2 per cent last fiscal
 "States to spend ₹1 trn on pre-poll sops to women in FY26: Crisil report")