Page 157 - Economy & Policy News
Home Minister Shah reviews preparations for census with caste enumeration
India's 16th census with caste enumeration will be carried out in 2027 with the reference date of October 1, 2026 in snow-bound areas like Ladakh and of March 1, 2027 in the rest of the country
 "Home Minister Shah reviews preparations for census with caste enumeration")
CAG forms separate vertical for auditing of 1,600 state public sector units
A separate vertical would help in consolidation of information of all state PSUs and it will be easy for stakeholders to compare, Deputy CAG A M Bajaj said
 "CAG forms separate vertical for auditing of 1,600 state public sector units")
Nepal starts exporting 40 MW of electricity to Bangladesh via Indian grid
Nepal, India and Bangladesh signed a trilateral agreement on October 3, 2024 to export electricity produced by Nepal to Bangladesh via the Indian transmission line
 "Nepal starts exporting 40 MW of electricity to Bangladesh via Indian grid")
FTA with India brings genuine' competitive advantage, UK Parliament told
The debate this week comes ahead of UK-India Week, which begins next week as part of the annual India Global Forum (IGF) summit in London
 "FTA with India brings genuine' competitive advantage, UK Parliament told")
Datanomics: India gets Russian cushion as Israel-Iran clash heats up oil
The conflict is expected to escalate in the coming days, putting further strain on global oil supplies in the restive West Asian region and making crude oil expensive
 "Datanomics: India gets Russian cushion as Israel-Iran clash heats up oil")
FM to meet GST and income tax officers to resolve field-level issues
The meetings aim to review ground-level implementation of tax policies, resolve bottlenecks in taxpayer services, and improve ease of doing business
 "FM to meet GST and income tax officers to resolve field-level issues")
RBI rejects bids for 30-year green bonds as investors seek high yields
Investors demanded higher returns for 30-year green bonds, prompting RBI to reject all bids at auction; bond yields rise amid absence of greenium and market caution
 "RBI rejects bids for 30-year green bonds as investors seek high yields")
Israel-Iran clash: No immediate impact on crude oil supply, say officials
Officials say India's crude and LNG imports remain steady but warn that any hostilities affecting the Strait of Hormuz could threaten oil flows from Gulf partners
 "Israel-Iran clash: No immediate impact on crude oil supply, say officials")
Prolonged Israel-Iran conflict may impact Basmati exports: Experts
Iran is one of the top buyers of Indian basmati rice; traders warn exports may take a hit if the Israel conflict continues and diplomatic tensions escalate
 "Prolonged Israel-Iran conflict may impact Basmati exports: Experts")
Rare earth materials on the table as India, China agree to discuss trade
India and China agree to hold functional dialogues on trade, rare earth supply, direct flights and visa facilitation during Vice Foreign Minister Sun's visit to Delhi
 "Rare earth materials on the table as India, China agree to discuss trade")
Rice output may hit record 151 million tonnes in 2025-26 season: USDA
USDA raises India's 2025-26 rice output estimate to a record 151 million tonnes due to early monsoon, good soil moisture and a hike in minimum support price
 "Rice output may hit record 151 million tonnes in 2025-26 season: USDA")
CBDT sends emails over undisclosed crypto income in latest NUDGE drive
CBDT emails thousands of taxpayers urging them to review and update ITRs for under-reported crypto income as part of a NUDGE campaign targeting VDA discrepancies
 "CBDT sends emails over undisclosed crypto income in latest NUDGE drive")
India, China discuss rare earth curbs amid auto industry concerns
The fact that India has now raised the rare earth issue with China in a diplomatic forum signals to automakers that a resolution may be in sight
 "India, China discuss rare earth curbs amid auto industry concerns")
Stress in personal loans to alter asset quality trajectory: CareEdge
CareEdge expects a marginal rise in credit costs and gross NPAs in FY26 due to stress in unsecured personal loans and microfinance, though provisioning remains robust
 "Stress in personal loans to alter asset quality trajectory: CareEdge")
India's forex reserves rise by $5.17 billion to $696.65 billion: RBI
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves
 "India's forex reserves rise by $5.17 billion to $696.65 billion: RBI")
India moves to conserve rare earths, seeks halt to exports to Japan
In a recent meeting with auto and other industry executives, Indian Commerce Minister Piyush Goyal asked IREL to stop its exports of rare earths
 "India moves to conserve rare earths, seeks halt to exports to Japan")
RBI skips 14-day main liquidity operation for third fortnight in a row
RBI holds back 14-day operation for third fortnight, despite ₹3-3.5 tn tax outflows expected, citing adequate liquidity and short-term rate stability
Electric two-wheeler firms begin test rides for light rare earth magnets
To use these on their existing models
 "Electric two-wheeler firms begin test rides for light rare earth magnets")
India's retail inflation hit 75-month low in May as veg prices dipped
CPI reading reported at 2.82%, lowest since February 2019
 "India's retail inflation hit 75-month low in May as veg prices dipped")
India drops to 131st spot in WEF Gender Gap index, down from 129 in 2024
The Indian economy's overall performance improved in absolute terms by +0.3 points
 "India drops to 131st spot in WEF Gender Gap index, down from 129 in 2024")