Page 152 - Economy & Policy News

Crisil SME Tracker: Rural road execution likely speed-breaker for SMEs

Small and medium enterprises (SMEs) are expected to play a crucial role in this growth given they account for 50-55 per cent of the industry by revenue

FinMin may restore dividend deductions for 22% corporate tax regime

Under the existing tax regime, domestic companies are taxed at three different rates depending on their chosen structure

RBI bulletin: India's economic activity 'resilient' amid global flux

Trade policy outcomes in July, after the temporary tariff hiatus is over, and the future course of geopolitical events would likely shape the medium-term economic prospects

Icra retains India's FY26 GDP forecast at 6.2% despite rising global risks

While Icra maintains India's GDP growth forecast for FY2026 at 6.2 per cent, the downside risks have risen, the report said

CBDT unlikely to offer tax relief for foreign data centres soon: Report

Currently, foreign companies operating or leasing data centres in India may be taxed at a higher corporate rate of 35 per cent, compared to 22 per cent for domestic firms, according to Moneycontrol

India's economy resilient amidst global uncertainties: RBI Bulletin

The global economy is in a state of flux, reeling from the twin shocks of trade policy uncertainties and a spike in geopolitical tensions, said an article in the RBI's June Bulletin

Indian private refiners dominate buying of Russian flagship oil grade

Reliance Industries Ltd. and Nayara Energy Ltd. alone took 45 per cent of Russia's shipments of the medium-sour variety

BTA likely to reduce India's goods trade surplus with US, says Crisil

The report said after completion of trade pact, India will be able to import more energy, certain agriculture products and defence equipment among others

India on track to be $5 trn economy by 2027 despite global risks: Goyal

Goyal also hailed the government's decade-long economic reforms as transformational rather than incremental

S&P ups India's FY26 growth forecast to 6.5% on resilient domestic demand

S&P Global Ratings raises India's FY26 growth forecast to 6.5%, citing normal monsoon, soft oil prices, tax reliefs and monetary easing as key drivers amid global headwinds

Mobile exports grow 74% in May to record second-highest figures ever

The peak was $3.1 billion in March, when Apple exported more phones to the United States

RBI to conduct seven-day VRRR auction on Friday to mop up liquidity

The average liquidity surplus in the system over the past two weeks-reflected by the daily absorption by the RBI-was around Rs 2.5 trillion

FTAs with US, EU soon; exporters to get full govt backing: Sitharaman

Finance Minister says trade deals with US and EU near finalisation as she assures Indian exporters of full support amid global slowdown and volatile trade conditions

EPFO increases auto settlement limit for advance claims to ₹5 lakh

The move allows EPFO's 75 million subscribers to withdraw advances for education, illness, marriage and housing without human intervention up to ₹5 lakh

Landed prices of imported edible oils move up despite halving of duty

While exporters have raised prices to nullify duty cuts, concerns over the Israel-Iran conflict, and the expected global diversion of additional vegetable oil for biofuel blending schemes are factors

Will the government's newfound zeal to push stake sales in CPSEs succeed?

Centre looks to step up stake sales in CPSEs to meet Sebi's MPS norms, revive strategic disinvestment, and boost market discipline amid legal hurdles, execution delays, and limited investor appetite

Trade agreements with US, EU to be concluded soon: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said negotiations for the proposed free trade agreements with the US and European Union (EU) are progressing at a fast pace and would be concluded soon.

India 'not desperate' to seal early tranche of trade deal with US

Prime minister Narendra Modi and President Trump in February had agreed to sign a mutually beneficial bilateral trade agreement (BTA)

India imposes anti-dumping duty on four Chinese chemicals this month

In separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, said that the duty imposed will be levied for a period of five years on imports of these chemicals

India-China friction has not impacted AIIB's functioning, says VP Pandey

Pandey, who took over as Vice President of Investment Solutions of the bank in April this year, said differences and frictions between India and China have not impacted the bank's functioning