Page 153 - Economy & Policy News

Geopolitical tensions not to put much pressure on rupee, inflation: S&P

Rates of the benchmark Brent crude fell to around $69 a barrel after US President Donald Trump announced that Israel and Iran have agreed to a 'complete and total ceasefire'

S&P ups India's FY26 GDP outlook to 6.5% amid geopolitical instability

S&P raised India's FY26 growth forecast citing strong domestic demand, normal monsoon hopes, lower oil prices, and easing policy - reversing last month's downgrade over global risks

Rupee weakens on safe-haven demand; fall in crude prices caps losses

The Indian currency settled at 86.75 per dollar, against the previous close of 86.59 per dollar

Private sector business activity rises to 14-month high in June: PMI data

Flash PMI rose to 61, up from a downward revised figure of 59.3 in May

SEZ to DTA clearance of used machinery should be on depreciated value

Despite GST treating intermediary services as domestic supply, other laws like FEMA and FTDR Act recognise them as exports; SEZ units must pay duty on depreciated value

NSO to launch household income survey from Feb 2026: Statistics minister

The survey aims to estimate average household income across India and may help provide a clearer picture of poverty, inequality and income disparity across rural and urban areas

Brent crude may cross $110 if Hormuz oil flow halves: Goldman Sachs

But Kotak Institutional Equities believes market concerns are driving oil prices and points to sufficient OPEC+ spare capacity and well-supplied global inventories

Yield on AAA-rated PSU bonds breaches 7% as long-term rates firm up

Notably, REC Limited raised ₹2,865 crore through 10-year bonds at a coupon rate of 7.06 per cent

India's outward FDI declines to $2.83 billion in May, shows RBI data

India's outbound FDI declined in May as equity and guarantees fell sharply while debt commitments surged compared to last year and the previous month

SECI floats green ammonia tender to decarbonise fertiliser production

The initiative aims to reduce import dependence and shield the fertiliser sector from global gas price shocks amid ongoing geopolitical disruptions

UP, Gujarat, Maharashtra to lead ₹10.2 trn state capex push in FY26: Report

A Bank of Baroda study finds over five states will account for nearly 50% of ₹10.2 trillion in state capital outlay for FY26, with GST remaining the largest tax revenue contributor

Oil, gold prices set to flare up as US strikes Iran's nuclear sites

But despite the US hit, the Iran-Israel war is still going on, and Iran has threatened to attack US military installations in the Gulf

Threat of supply disruptions rising but India has enough stock: Officials

India has enough crude reserves and is boosting imports from other sources even as the Strait of Hormuz faces risk of disruption due to the escalating Iran-Israel conflict

Rupee expected to depreciate to 87 per dollar by July-end: BS Poll

The rupee settled at 86.59 per dollar on Friday. Crude oil prices remain a significant idiosyncratic risk for the rupee, said market participants

Statsguru: Turmoil for India as oil price rises amid Iran-Israel conflict

Any move by Iran to restrict shipping there could escalate prices further, intensifying pressure on energy-importing nations like India

EPFO adds 1.91 mn in April; youth, rejoiners, women boost numbers

Net additions under EPFO rose by 1.17 per cent in April 2025 over a year ago, driven by new youth subscribers, rejoining members and growing female participation

India's coffee exports rise 125% to $1.8 billion over 11 years: Govt data

The exports stood at over USD 800 million in 2014-15. It was USD 1.28 billion in 2023-24 and USD 1.14 billion in 2022-23, the data showed

Jaishankar calls India's trade pacts with mature markets 'space to watch'

Jaishankar says India is now focusing on FTAs with mature, rule-bound markets like the UK, EU, and US, moving away from Southeast Asia to ensure balanced, transparent trade partnerships

Net direct tax collection drops by 1.39% to Rs 4.58 trillion so far in FY26

This was on the back of higher refunds, income tax relaxation provided to salaried individuals and the impact of increased capital expenditure by companies

Net direct tax collection dips 1.39% to Rs 4.59 trillion in Apr-Jun

During April 1-June 19, 2025, corporate tax collection witnessed a slowdown at about Rs 1.73 trillion, a decline of over 5 per cent year on year