Page 162 - Economy & Policy News
Govt eases SEZ rules to promote chips, electronics component manufacturing
Reduces min land required to set up such firms from 50 hectares to 10 hectares
 "Govt eases SEZ rules to promote chips, electronics component manufacturing")
Services sector growth steady in May as export demand remains strong: PMI
Record hiring in sector as companies 'heavily increase' staff recruitment, says survey
 "Services sector growth steady in May as export demand remains strong: PMI")
Moody's review meet with govt to focus on global trade, Indo-Pak conflict
Moody's will meet Indian officials on Thursday in Delhi for its semi-annual review of India's sovereign rating amid rising geopolitical tension and trade disruption
 "Moody's review meet with govt to focus on global trade, Indo-Pak conflict")
Jindal seeks duties on steel imports to shield MSMEs, boost Make in India
Jindal Stainless Chairman Ratan Jindal on Wednesday urged the government to protect the industry and livelihood of people by imposing appropriate duties on surging imports from select countries
India Inc resilient to tariffs, to invest $50 bn despite global headwinds
It said most companies will spend from internal accruals, and the average portfolio leverage will continue to remain at 3 times the operating profit
 "India Inc resilient to tariffs, to invest $50 bn despite global headwinds")
Over 22 Indian states demand 50% share in central tax revenue allocation
More than 22 states have asked the 16th Finance Commission to raise their share of central tax revenue from 41 per cent to 50 per cent, says chairman Arvind Panagariya
 "Over 22 Indian states demand 50% share in central tax revenue allocation")
RBI MPC begins meet amid hopes of 25-50 bps rate cut to boost growth
The decision of the Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Friday
 "RBI MPC begins meet amid hopes of 25-50 bps rate cut to boost growth")
India challenges 25% US auto tariffs at WTO, seeks safeguard consultations
India lodges a WTO complaint over steep US auto tariffs, citing safeguard violations and reserving its right to retaliate if talks fail
 "India challenges 25% US auto tariffs at WTO, seeks safeguard consultations")
Services sector growth steady in May as demand remains strong, shows PMI
New business - a key gauge for demand - expanded at a sharp pace in May, largely aligned with growth rates seen from February through April
 "Services sector growth steady in May as demand remains strong, shows PMI")
Goyal, Israeli economy minister discuss boosting trade, innovation ties
Our discussions focused on diversifying our trade basket, fostering innovation, and strengthening cooperation in high-tech and emerging sectors, Goyal said about the meeting
 "Goyal, Israeli economy minister discuss boosting trade, innovation ties")
US signals trade deal with India before July 9 reciprocal tariff deadline
Ready to give New Delhi preferential access in select sectors: Lutnick
 "US signals trade deal with India before July 9 reciprocal tariff deadline")
OECD lowers India's FY26 growth forecast to 6.3%, UBS raises it to 6.4%
The OECD cuts India's FY26 growth forecast to 6.3%, citing risks from rising US tariffs and trade tensions, but expects private consumption to strengthen with rising incomes and moderate inflation
 "OECD lowers India's FY26 growth forecast to 6.3%, UBS raises it to 6.4%")
Banks' asset quality to be stable amid global uncertainty: Moody's
Moody's expects Indian banks to maintain asset quality despite global economic tensions, with NPAs remaining in the 2-3 per cent range over the next 12 months
 "Banks' asset quality to be stable amid global uncertainty: Moody's")
75% households, firms in South Asia to face extreme weather next decade
South Asia is facing a sharp rise in extreme weather, with nearly 90% of the population expected to be exposed to intense heat, and more than one in five people at risk of severe flooding by 2030
 "75% households, firms in South Asia to face extreme weather next decade")
Govt has scope to increase capital expenditure this fiscal, says ICRA
Capital expenditure for April 2025 surged by 61 per cent year-on-year to ₹1.6 trillion
 "Govt has scope to increase capital expenditure this fiscal, says ICRA")
WTO chief urges India to support proposal on investment facilitation
The World Trade Organization (WTO) deals with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible
 "WTO chief urges India to support proposal on investment facilitation")
Workers suffer in limbo as Centre shifts burden of labour reforms to states
Many, especially industries operating across state borders, are apprehensive that this will create an even more complex web of jurisdictions and laws
 "Workers suffer in limbo as Centre shifts burden of labour reforms to states")
Edible oil duty cuts good for importers, consumers, but farmers may suffer
The government has set a high MSP for soybean, but the near-collapse of the domestic market for oil meal, a key byproduct of soybeans, means farmers may look at alternative crops
 "Edible oil duty cuts good for importers, consumers, but farmers may suffer")
India's imports of Russian oil hit 10-month high in May, shows data
India, the world's third largest oil importing and consuming nation, bought from abroad around 5.1 million barrels of crude oil, which is converted into fuels like petrol and diesel in refineries
 "India's imports of Russian oil hit 10-month high in May, shows data")
Abundance of stability make US attractive investment destination: KM Birla
Kumar Mangalam Birla said the group chaired by him has invested $15 billion in the US over the last 17 years
 "Abundance of stability make US attractive investment destination: KM Birla")