Page 173 - Economy & Policy News
April respite: India's retail inflation slides to 3.16% from 3.34% in March
Sharp drop in prices of vegetables and pulses cools food inflation to 42-month low
 "April respite: India's retail inflation slides to 3.16% from 3.34% in March")
No urgency to put retaliatory tariffs on US, says Indian official
India on Tuesday informed the WTO that the safeguard measures by the US would affect $7.6 billion exports by India into the United States
 "No urgency to put retaliatory tariffs on US, says Indian official")
Investors show strong faith in India's economy, PM's policies: Vaishnaw
The minister said that Renesas has started a new semiconductor design centre in Noida which will mark the beginning of design for the world's smallest chip in the country
 "Investors show strong faith in India's economy, PM's policies: Vaishnaw")
FM Nirmala Sitharaman to meet PSB chiefs on Thursday for annual review
The cumulative profits of PSBs surged to a record ₹1.78 trillion in FY25, registering a growth rate of 26 per cent over the previous year. All 12 PSBs saw profits of ₹1.41 trillion in FY24.
 "FM Nirmala Sitharaman to meet PSB chiefs on Thursday for annual review")
AI, tech changes cause taxing times for accountants, says ACCA survey
A survey by ACCA revealed that accountants are finding it difficult to keep pace with rapidly evolving scenario
 "AI, tech changes cause taxing times for accountants, says ACCA survey")
Over 4 million Beedi workers likely to get relief on pension math
Labour min to examine classifying beedi industry as 'seasonal' establishments
 "Over 4 million Beedi workers likely to get relief on pension math")
India's retail inflation eases to 3.16% in April; lowest since July 2019
CPI-based inflation has now stayed below the Reserve Bank of India's medium-term target of 4% for the third consecutive month
 "India's retail inflation eases to 3.16% in April; lowest since July 2019")
India's retaliatory tariff plan may strain trade pact talks with US: GTRI
Global Trade Research Initiative said that if the US engages in consultations with India on the matter or withdraws tariffs, a resolution may be reached
 "India's retaliatory tariff plan may strain trade pact talks with US: GTRI")
US-China reciprocal tariff truce likely to narrow India's export edge
Even though US tariffs on Indian goods remain at 10%, the massive tariff gap that once favoured India is shrinking fast
 "US-China reciprocal tariff truce likely to narrow India's export edge")
Customs department confiscates Pakistani painting routed via London
Post Pahalgam attack, India has put a ban on all imports from Pakistan, directly or through any other route
 "Customs department confiscates Pakistani painting routed via London")
Medtech industry seeks FTA advisory board to counter non-tariff barriers
Industry groups want a joint FTA advisory body to address regulatory hurdles and dumping risks as India negotiates trade deals with the US, EU and UK
 "Medtech industry seeks FTA advisory board to counter non-tariff barriers")
Retail sets must be classified according to their essential characteristics
Firstly, the brush you supply has no stand-alone utility or commercial value since it can be used only as an accessory for applying the hair-dye
 "Retail sets must be classified according to their essential characteristics")
Capex at small private airports to rise up to 60% by FY28: Crisil
However, the overall capex of private airports will slightly slow down by 10-15 per cent to about Rs 40,000 crore over the next three years, as per the ratings agency
 "Capex at small private airports to rise up to 60% by FY28: Crisil")
India inflation likely cooled to nearly 6 year low in April: Poll
Intense heatwaves this summer did little to affect a robust harvest, offering much-needed relief to many Indian households which allocate a significant portion of their budgets to food
 "India inflation likely cooled to nearly 6 year low in April: Poll")
Global forum hails India's leadership in driving Asia's energy transition
Clarkson, who led the Climate Group Asia Action Summit in Singapore last week, said, India's progress in renewables is interesting with progress seen in the last few years
 "Global forum hails India's leadership in driving Asia's energy transition")
India, EU to hold next round of FTA talks from Monday for early conclusion
The two sides have agreed to conclude the agreement in two phases on account of the uncertain global trade environment, particularly due to the US tariff actions under President Donald Trump
 "India, EU to hold next round of FTA talks from Monday for early conclusion")
Trade deal with India may take time: US commerce secretary Howard Lutnick
An Indian delegation led by chief negotiator Rajesh Agrawal is scheduled to visit the US later this month
 "Trade deal with India may take time: US commerce secretary Howard Lutnick")
Statsguru: India-UK FTA set to boost British investment prospects
The FTA has come at a time when the economic relations between India and the UK are growing, with their bilateral trade at roughly $60 billion, and projected to double by 2030
 "Statsguru: India-UK FTA set to boost British investment prospects")
India, UK deal in time of US trade talks: Long-pending FTA finally sealed
The India-UK FTA is being touted as a modern, and the most comprehensive agreement that India has signed till now - comprising non-trade issues such as gender, labour, anti-corruption, sustainability
 "India, UK deal in time of US trade talks: Long-pending FTA finally sealed")
No duty cuts on UK wines in India FTA; limited relief for British beer
"Wine is on the exclusion list, along with several other agricultural products in the trade pact. We are also offering only a limited duty concession on British beer," the official said
 "No duty cuts on UK wines in India FTA; limited relief for British beer")