Page 162 - Economy & Policy News

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

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

US, India push for trade deal after Trump strikes deal with Vietnam

The push comes as Trump announced an agreement with Vietnam that cuts US tariffs on many Vietnamese goods to 20 per cent from his previously threatened 46 per cent

India to pitch for preferential trade pact expansion with Mercosur nations

Mercosur is a Latin American trading bloc, with Argentina, Brazil, Uruguay, Paraguay as its members

Datanomics: Half the manufacturing segments still far from pre-Covid level

Wood and its products recorded a higher production level by 3.7 per cent in the first two months of FY 26 over the corresponding period of 2011-12 but it was below the 2019-20 level

Quad launches critical minerals push as PM eyes Latin America deals

Officials stated that increasing cooperation in critical minerals, including rare earth elements, will top his agenda during his discussions with respective leaders of at least four of these countries

Patchy rural recovery and a weak capex weigh on Q1 growth outlook

Urban demand continues to face headwinds and though rural demand is accelerating, it is still patchy, reckoned several economists

India reviews anti-dumping duty on jute imports from Bangladesh, Nepal

The review was started by the commerce ministry's arm Directorate General of Trade Remedies (DGTR) following a request for the same from Jute Mills Association and AP Mesta Twine Mills Association

Aligning RE with development goals can lift 193 mn from poverty: UNDP study

Renewables can offer the chance to bring electricity to hundreds of millions of people, improving lives and driving growth

CBDT sets Cost Inflation Index at 376 for FY26 for capital gains

The new CII will apply to FY26 capital gains computations and benefit taxpayers selling land or buildings acquired before July 23, 2024 who opt for indexation

ESIC launches SPREE 2025 to expand social security coverage for workers

The scheme will be active from July 1 to December 31, and provides one-time opportunity for unregistered employers and employees to enrol without facing inspections for past dues

TReDS platform RXIL crosses ₹2 trn MSME invoice financing milestone

The RXIL TReDS platform has facilitated financing worth ₹80,500 crore in FY25 alone, with over 44,000 MSMEs registered across 1,600 postal codes

Quad launches major initiative to steady supply of critical minerals

The move is to ensure the availability of critical minerals under a broader goal to strengthen economic security amid concerns over China's coercive tactics

Trump says trade deal with India 'soon' as July 9 deadline approaches

Trump said he believed India was ready to lower trade barriers for US companies, a move that could pave the way for an agreement and avert the 26 per cent tariff he had announced on April 2

Mineral, metal output continues growth momentum in early FY26

India's production of key minerals and metals like iron ore, bauxite, and copper grew steadily in April-May FY26, signalling robust industrial demand

Coal Ministry to launch digital module for faster, transparent clearances

Exploration Module under SWCS to go live on July 4, allowing coal block allottees to submit proposals, track approvals and manage compliance documents digitally

Manufacturing hits 14-month high in June, helped by export surge: Survey

Companies step up hiring to keep up with strong demand: PMI

Net GST receipt growth slipped sharply to 3.3% in June: Govt data

June's net revenues from the indirect tax, based on transactions carried out in May, were also impacted by the back of sharp 28.4 per cent rise in total refunds to ₹25,491 crore

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