Page 172 - Economy & Policy News

Israel-Iran clash: No immediate impact on crude oil supply, say officials

Officials say India's crude and LNG imports remain steady but warn that any hostilities affecting the Strait of Hormuz could threaten oil flows from Gulf partners

Prolonged Israel-Iran conflict may impact Basmati exports: Experts

Iran is one of the top buyers of Indian basmati rice; traders warn exports may take a hit if the Israel conflict continues and diplomatic tensions escalate

Rare earth materials on the table as India, China agree to discuss trade

India and China agree to hold functional dialogues on trade, rare earth supply, direct flights and visa facilitation during Vice Foreign Minister Sun's visit to Delhi

Rice output may hit record 151 million tonnes in 2025-26 season: USDA

USDA raises India's 2025-26 rice output estimate to a record 151 million tonnes due to early monsoon, good soil moisture and a hike in minimum support price

CBDT sends emails over undisclosed crypto income in latest NUDGE drive

CBDT emails thousands of taxpayers urging them to review and update ITRs for under-reported crypto income as part of a NUDGE campaign targeting VDA discrepancies

India, China discuss rare earth curbs amid auto industry concerns

The fact that India has now raised the rare earth issue with China in a diplomatic forum signals to automakers that a resolution may be in sight

Stress in personal loans to alter asset quality trajectory: CareEdge

CareEdge expects a marginal rise in credit costs and gross NPAs in FY26 due to stress in unsecured personal loans and microfinance, though provisioning remains robust

India's forex reserves rise by $5.17 billion to $696.65 billion: RBI

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves

India moves to conserve rare earths, seeks halt to exports to Japan

In a recent meeting with auto and other industry executives, Indian Commerce Minister Piyush Goyal asked IREL to stop its exports of rare earths

RBI skips 14-day main liquidity operation for third fortnight in a row

RBI holds back 14-day operation for third fortnight, despite ₹3-3.5 tn tax outflows expected, citing adequate liquidity and short-term rate stability

Electric two-wheeler firms begin test rides for light rare earth magnets

To use these on their existing models

India's retail inflation hit 75-month low in May as veg prices dipped

CPI reading reported at 2.82%, lowest since February 2019

India drops to 131st spot in WEF Gender Gap index, down from 129 in 2024

The Indian economy's overall performance improved in absolute terms by +0.3 points

India Inc's ECB filings fell to $2.9 billion in April, shows RBI data

External commercial borrowings eased to $2.91 billion in April from $11.04 billion in March, with Shriram Finance and SMFG India among major ECB filers

Inventories of rare earth magnets may run dry by mid-July, says Icra

ICRA warns that rare-earth magnet inventories for EV motors may run dry by mid-July as China tightens export rules, leaving Indian auto makers facing serious supply disruption

RBI allows STRIPS trading for state government bonds to boost liquidity

STRIPS allow dealers to sell principal and interest payments independently, enhancing liquidity in the state government securities market by enabling distinct trading of these components

RBI skips 14-day main liquidity operation for third straight fortnight

Market participants had expected the RBI to conduct a 14-day variable rate repo auction on Friday on account of the upcoming tax outflows which are seen sucking out rupee funds from the banking system

Datanomics: India's heatwave crisis at boiling point; economic risks mount

The economic toll is rising too. India could see 34 million of the projected 80 million global job losses from heat stress by 2030

India's retail inflation dips to over 6-year low of 2.82% in May: Govt data

Cereal prices rose by 4.77% in May 2025, a slight moderation from April's 5.35% rise. Prices of pulses dropped 8.22%, following a 5.23% decline in April

India-EU FTA nears completion, says Goyal; focus now on non-tariff barriers

Piyush Goyal's remarks come just days after he claimed that the FTA between India and the four-nation European bloc will bring stability, predictability, and continuity to businesses in the regions