Page 160 - Economy & Policy News

Private capital expenditure announcements fall 81% in Q1 FY25: CMIE

Private capex fell sharply in April-June 2025 to Rs 4.1 trillion from Rs 21.7 trillion in the previous quarter, with stalling and uncertainty affecting investment flow

June GST collection up 6.2% YoY to ₹1.85 trillion, but dips from May, April

June collections marked a decline when compared to the previous month, when the Centre collected ₹2.01 trillion in May

Punjab registers record 44% growth in net GST collections in June

The net GST collection last month stood at Rs 2,379.90 crore, reflecting a revenue growth of Rs 732.21 crore over the Rs 1,647.69 crore collected in June 2024

Govt approves ₹1-trillion RDI scheme to boost private-sector innovation

The scheme will offer long-term, low-interest funding and equity support to boost private R&D in fast-growing tech sectors

Cabinet okays ₹99,000 cr employment linked incentive scheme for 35 mn jobs

Under the scheme, new employees will receive up to one month's EPF wage, capped at ₹15,000, in two instalments

GST a landmark reform that reshaped India's economic landscape: PM Modi

The GST, which was implemented from July 1, 2017, has unified 17 taxes and 13 cesses, creating a seamless national market by simplifying compliance and digitising tax systems

Jaishankar hopeful on trade deal with US, says outcome not guaranteed

On a US visit, EAM S Jaishankar said a successful trade deal was possible if both sides found a balance, but stressed that the talks remain intricate and unresolved

OMCs cut commercial LPG cylinder price by ₹58.50; new rate effective today

Oil firms cut 19-kg commercial LPG price by ₹58.50 from July 1, bringing relief to eateries and small businesses. Domestic 14.2-kg cylinder price however remains unchanged

India to seal interim trade deal with US this week as tariff deadline nears

The interim trade deal comes as the Trump tariff deadline nears. The 90-day pause, announced on April 9, followed US President Donald Trump's sweeping tariffs on 100+ nations, including India

June manufacturing PMI at 14-month high of 58.4 driven by export orders

June 2025 Manufacturing PMI: This marks a significant turnaround in manufacturing after PMI dipped to a three-month low in May

India a 'strategic ally', trade deal to be finalised soon: White House

White House Press Secretary Karoline Leavitt highlighted the special relationship that US President Donald Trump and Prime Minister Narendra Modi share

US crude oil exports jump in hope for India as trade treaty deadline nears

Total imports from the US stood at $8.9 billion in April-May 2025, up from $7 billion in the same period a year earlier, Indian customs data showed

India firm on agriculture as US trade discussions enter crucial stage

The ongoing in-person round of talks between New Delhi and Washington is crucial, considering that the end of the 90-day pause on the US's plan to impose country-specific reciprocal tariffs on July 9

EAC-PM chair flags comparability issue in latest consumption surveys

S Mahendra Dev says recent HCES lacks comparability with previous surveys due to design changes and suggests pilot-stage testing should have included comparability checks

Centre to issue new framework to expand GCCs beyond metro cities

Talks ongoing with Fortune 500 firms to set up new centres

Capex rises 54% in Apr-May FY26, RBI dividend lifts revenue: CGA data

Government capex rose 54 per cent in April-May FY26 as RBI dividend boosted non-tax revenue and kept the fiscal deficit at a 28-year low for the two-month period

Losing momentum: Industrial growth fell to 9-month low of 1.2% in May

An early monsoon pulled electricity generation down by a sharp 5.8 per cent, the first contraction in nine months and the sharpest since June 2020

From the fields: Kharif sowing picks up pace, cotton lags, shows IMD data

The sowing data also showed that cotton acreage is almost 9 per cent less than normal as farmers have opted for some other crops due to repeated instances of pest infestations

Household debt up, but India still lags emerging-market economies: RBI

India's household debt remains below emerging market peers, with non-housing retail loans forming the bulk of borrowings, RBI says in its Financial Stability Report

India-US BTA: Sangh affiliates draw red line over GM crops, dairy products

The Sangh Parivar has also pointed to the efforts by US Senator Lindsey Graham to move a Bill that proposes steep economic penalties on India