Page 173 - Economy & Policy News

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

At ₹11 trn, India Inc capex pips govt capex in FY25; will the trend last?

India Inc capex: While Reliance Industries saw a flattish capex growth in FY25, it cornered the biggest share in the capex pie in absolute terms

India has 'no basis' to seek WTO consultations on auto tariffs, says US

India had challenged the 25% US tariffs on automobiles at the WTO, claiming they were safeguard measures, but Washington insists they fall outside the Safeguards Agreement

Jaishankar criticises EU carbon tax, calls CBAM unacceptable for India

External Affairs Minister S Jaishankar raises strong objections to the EU's CBAM policy, citing unfair global standard-setting and implications for developing economies

Alcohol firms seek clarity as Maharashtra hikes excise duty on spirits

Maharashtra's new excise policy raises spirits prices and introduces grain-based liquor; industry groups await clarity while brewers welcome beer tax exemption

Cabinet clears Rs 6,405-cr rail projects to ease freight congestion

Projects to improve rail links in Jharkhand, Karnataka and Andhra Pradesh and increase freight capacity by 49 mtpa across coal, steel, cement and petroleum corridors

Ikea plans to enhance sourcing from India to 50%: Swedish minister

IKEA's sourcing basket includes textiles, plastics, and metals, among others, and the company plans to add more items

Govt asks edible oil industry to pass tax cut benefits to retail users

The government had reduced the Basic Customs Duty (BCD) on crude edible oils-specifically crude sunflower oil, soybean oil, and palm oil-from 20 per cent to 10 per cent on 31 May

Naidu eyes AP as green energy hub with ₹14 trn investment pipeline

As Naidu completes a year in office, Andhra Pradesh has attracted ₹14 trillion in investments, led by clean energy, with ₹9.2 trillion already cleared or incentivised

India will certainly cross $825 bn exports in FY26: Commerce minister

India's exports of goods and services hit a record $825 billion in FY25, up from $778 billion in FY24. Meanwhile, the World Bank projects global growth at 2.3% in 2025, the weakest in 17 years

India, US race to finalise trade deal ahead of Trump's tariff deadline

Trade officials from India and the US met in New Delhi for about a week to discuss issues including greater market access, digital trade, customs rules and technical barriers to trade

India, US move closer to trade deal after a week-long negotiations

India and the US teams discussed issues pertaining to market access, digital trade, and customs facilitation during the week-long deliberations on the proposed bilateral trade agreement, an official said.

E-way bills grow nearly 19% to 122.65 million in May, shows data

E-way bills grew by nearly 19% YoY to 122.65 million in May, reflecting a strong increase in compliance and economic activity. This was the second-highest growth rate after March's record figures

Railway passenger traffic rises 6% in FY25, crosses 7 billion mark

Passenger traffic rose 6% in FY25, driven by growth in both reserved and unreserved categories while revenue rose 50% since FY20 on the back of premium train services

Reduce unclaimed assets: FM Sitharaman to financial sector regulators

At the 29th FSDC meeting, FM Nirmala Sitharaman pushed for swift return of unclaimed financial assets and called for simplified, unified KYC norms across all sectors

74% rural households expect income growth in 1 year: Nabard survey

Forecast of 'above normal' southwest monsoon in 2025 that would boost farm growth and rising consumption demand in rural India has fuelled the positive change in the rural sector