Page 158 - Economy & Policy News
GTRI warns against US GM farm imports, cites risk to India's agri exports
India and the US are negotiating an interim trade pact, which is expected to be announced before July 9
 "GTRI warns against US GM farm imports, cites risk to India's agri exports")
Datanomics: Serious rail accidents decline, safety spending inches up
Data suggests the overall number has been declining, from 55 in 2019-20 to 31 in 2024-25
 "Datanomics: Serious rail accidents decline, safety spending inches up")
India ready to sign deals that protect its interests, says Piyush Goyal
Ahead of July 9 tariff deadline, Piyush Goyal emphasises that India will protect its national interest in ongoing trade negotiations, reiterates stance on sensitive sectors like agriculture and dairy
 "India ready to sign deals that protect its interests, says Piyush Goyal")
India-EFTA trade pact likely to be implemented in coming months: Goyal
The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland
 "India-EFTA trade pact likely to be implemented in coming months: Goyal")
India proposes retaliatory duties against US's auto tariffs at WTO
India has proposed suspending trade concessions worth $723.75 mn in response to US safeguard tariffs on autos, even as an interim trade agreement nears finalisation
 "India proposes retaliatory duties against US's auto tariffs at WTO")
NDB mandate must focus on agility, tech and sustainable growth: Sitharaman
Sitharaman highlighted that this deters long-term investment and delays critical progress in areas like renewable energy and climate-resilient infrastructure
 "NDB mandate must focus on agility, tech and sustainable growth: Sitharaman")
No trade deal under pressure; India's interest first, says Goyal on US pact
He also said that India is negotiating free trade agreements (FTAs) with different countries, including European Union, New Zealand, Oman, the US, Chile, and Peru
 "No trade deal under pressure; India's interest first, says Goyal on US pact")
India's liquidity surplus unlikely to lift credit growth, says JP Morgan
While surplus liquidity influences overnight borrowing costs, a recent analysis by the firm showed it does not impact credit or deposit growth in the economy
 "India's liquidity surplus unlikely to lift credit growth, says JP Morgan")
India eyes foreign copper firms with overseas mining links: Govt report
The growing need for concentrate imports necessitates diversification of supply and foreign asset acquisitions, the government document said
 "India eyes foreign copper firms with overseas mining links: Govt report")
Early monsoon rains boost hopes of record grain harvest in India
With rains arriving ahead of schedule in many regions, farmers have been able to begin sowing earlier than usual, Farm Secretary Devesh Chaturvedi said
 "Early monsoon rains boost hopes of record grain harvest in India")
Trade conundrum with China: Cautious steps need of the hour, say experts
Over the last few years, India's exports to China have been contracting but imports have been on the rise
 "Trade conundrum with China: Cautious steps need of the hour, say experts")
India-US interim trade deal nearly sealed after a week of intense talks
First tranche of bilateral trade pact likely in 2-3 days to avert higher US tariffs
Rupee strengthens on hopes of India-US trade deal, crude prices fall
The rupee rose to 85.19 against the US dollar as hopes of a trade deal between India and the US grew, while falling crude oil prices also supported the currency's gains
 "Rupee strengthens on hopes of India-US trade deal, crude prices fall")
PM Modi's foreign tour aims to boost cooperation in critical minerals
Prime Minister Modi's foreign tour focuses on enhancing cooperation in critical minerals, with key visits to Ghana, Namibia, and Argentina, as India seeks to secure essential resources for its economy
 "PM Modi's foreign tour aims to boost cooperation in critical minerals")
New businesses drive services sector growth to 10-month high in June: PMI
Indian service providers end Q1 on a strong note, with output and new orders rising at the fastest pace since August 2024, supported by robust international sales & job creation, according to PMI data
 "New businesses drive services sector growth to 10-month high in June: PMI")
Chhattisgarh govt unveils draft policy to boost logistics and exports
The move will particularly benefit farmers and forest-based producers in resource-rich regions such as Bastar and Surguj
 "Chhattisgarh govt unveils draft policy to boost logistics and exports")
Govt may allow GM animal-feed imports from US in proposed trade deal
Indian and US officials have been engaged in intense negotiations over last few days to iron out differences in a bid to secure a deal before a July 9 deadline
 "Govt may allow GM animal-feed imports from US in proposed trade deal")
India may benefit from lower US tariffs than other APAC economies: Moody's
While negotiations will likely lead to some reduction in tariffs and other trade barriers on a bilateral basis, policy uncertainty is challenging investment decisions and disrupting trade
 "India may benefit from lower US tariffs than other APAC economies: Moody's")
Rupee strengthens on hopes of India-US trade deal, crude prices fall
The rupee rose to 85.19 against the US dollar as hopes of a trade deal between India and the US grew, while falling crude oil prices also supported the currency's gains
Rupee strengthens on hopes of India-US trade deal, crude prices fall
The rupee rose to 85.19 against the US dollar as hopes of a trade deal between India and the US grew, while falling crude oil prices also supported the currency's gains