Page 159 - Economy & Policy News
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
India's FY26 GDP growth likely to be 6.4-6.7% amid strong demand: CII
Addressing his first press conference after taking over as the CII president, Memani observed that factors including a good monsoon forecast, and enhanced liquidity emanating from the RBI's rate cut
 "India's FY26 GDP growth likely to be 6.4-6.7% amid strong demand: CII")
India launches anti-dumping probe into paperboard imports from Indonesia
The product is used in the packaging of pharmaceuticals, FMCG products, food and beverages, electronics, high-end cosmetics, liquor, book covers, and publishing
 "India launches anti-dumping probe into paperboard imports from Indonesia")
June Services PMI touches 10-month high at 60.4 on sharp upturn in new biz
The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 58.8 in May to 60.4 in June, driven by sharp upturn in new business orders
Tamil Nadu plans seafood exports of $5 bn, sets roadmap for blue economy
State has India's second-longest coastline but is seventh among seafood-exporting states
 "Tamil Nadu plans seafood exports of $5 bn, sets roadmap for blue economy")