Page 167 - Economy & Policy News

UP govt to invest Rs 6,124 crore on building ring roads, bypasses

The Public Works Department (PWD) has prepared a blueprint that outlines road connectivity expansion for the financial year 2025-26 with 62 projects in all

Govt to audit DISHA legal aid scheme ahead of 2026 completion deadline

The Centre plans to independently audit the Rs 250 crore DISHA scheme before its 2026 end, evaluating programmes like Tele-Law and Nyaya Bandhu for impact and future viability

PM Modi to launch projects worth over Rs 77,000 cr in Gujarat during visit

He will inaugurate and lay the foundation stone for multiple projects related to urban development, health and water supply

NITI Aayog meeting: PM calls for faster development, states back Op Sindoor

At the NITI Aayog meeting, PM Modi urged states to develop future-ready cities and one world-class tourist spot each to help achieve the goal of a developed India (Viksit Bharat) by 2047

Finance Ministry calls for joint effort to cut backlog at debt tribunals

This would facilitate the redeployment of capital locked in cases pending before DRTs for productive use in the economy, the finance ministry said in a statement

India overtakes Japan to become world's 4th largest economy: NITI Aayog CEO

Briefing reporters after the 10th Governing Council meeting of Niti Aayog, Subrahmanyam said overall geopolitical and economic environment is favourable to India

Accelerated development key for Viksit Bharat: PM at NITI Governing Council

The Prime Minister cited the huge interest from global investors to nudge states into leveraging this boost for growth in exports

At NITI Aayog meet, Tamil Nadu CM demands 50% share in central taxes

Speaking at the NITI Aayog meeting in New Delhi, he demanded a rightful 50 per cent share for states in central taxes

India, EU push for early harvest trade pact amid ongoing FTA talks

Piyush Goyal travelled to Brussels on May 23 from Washington, while India's chief negotiator L Satya Srinivas and his team are already at the EU headquarters for the FTA negotiations.

Bustling Petrapole border belies faltering India-Bangladesh trade

Cross-border trade is quietly dwindling amid strained ties between the two neighbours

RBI dividend may cut fiscal deficit to 4.2% of GDP in FY26: SBI report

SBI says higher-than-budgeted dividend from RBI gives government room to lower FY26 fiscal deficit to 4.2 per cent of GDP or increase spending in key areas, amid strong liquidity and BoP outlook

54 per cent of Maharashtra's GSDP comes from only 7 districts: Govt report

The report submitted to the 16th Finance Commission revealed that 18 districts have a growth rate less than 0.8x of the GSDP expansion rate and per capita income below average state income

Labour reforms by states have limited potential, defeat purpose: Experts

At least 20 states and UTs have amended their laws and increased the threshold for retrenchment without government approval from 100 to 300 workers

India's forex reserves fall $4.9 bn due to decline in gold holdings

India's foreign exchange reserves dropped by $4.9 billion to $685.7 billion in the week ended May 16 due to a sharp $5.1 billion decline in gold reserves

India's marine exports jump 18% in April amid US tariff clouds

Price escalation due to the baseline tariff of 10 per cent imposed by the US on all exports from India will be adjusted by the market in the next few months, a senior official said

RBI dividend: Jalan panel recommendations hold strong, minor tweaks needed

The source said the dividend transfer so far has been calculated based on the Bimal Jalan-panel's ECF recommendations and certainly the time to review the framework has come

Forex reserves decline $4.88 billion to $685.72 billion, shows RBI data

The forex reserves had swollen by $4.55 billion in the previous week, which had pushed the total reserves to $690.617 billion. The country had reached a record high of $704.885 billion in Sep 2024

India may soon allow US, foreign companies to bid for govt contracts

The government is likely to allow US firms to bid for contracts worth over $50 billion, mainly from federal entities, as it negotiates a trade deal with Washington.

Piyush Goyal meets US commerce secretary to discuss proposed trade pact

On May 20 also, Goyal held a meeting with Lutnick to expedite the talks on the first phase of the trade pact.

Tariff uncertainties pose growth risks, says RBI Governor Sanjay Malhotra

The governor said India's domestic growth is supported by stable policies, healthy corporate balance sheets and strong macroeconomic fundamentals that bode well for the economy.