Page 176 - Economy & Policy News

India-UK FTA: Double contribution convention pact to help Indian IT firms

IT industry body Nasscom said securing the DCC within the India-UK FTA is a crucial step and a big win for the Indian IT industry

India-UK FTA: From auto to textiles, India Inc hopes to reap benefits

Medical-device makers apprehensive due to the China factor

Rupee weakens 18 paise as foreign banks buy dollars, Asian currencies slip

The rupee fell to 84.44 against the dollar as foreign banks stocked up on greenbacks and Asian currencies weakened, with losses capped by a dip in the dollar index

ITAT body raises concern over high pendency of cases at Delhi Benches

The Bar association claimed that Delhi has the "highest pendency" of cases among ITAT Benches, many involving complex legal issues and high revenue stakes

Longer call money trading hours likely to address liquidity mismatch

The RBI has proposed extending call money trading hours to 7 PM from 5 PM to better align liquidity with 24x7 payment systems and address mismatches in fund flows

India-EU FTA our priority, possible by December-end: FM Nirmala Sitharaman

India has taken a long-term approach towards building its supply chains keeping in mind its strategic strengths and capacities are leveraged, says FM

Services sector growth improves in April, helped by new orders: PMI

Companies report 'faster expansion' in employment to meet increased demand

India's services PMI hits 58.7 in April, export orders drive modest growth

India April 2025 Services PMI: Composite PMI, which combines manufacturing and services PMI, improves to 59.7, up from 59.5 in March

Moody's cuts India's GDP forecast to 6.3% in 2025 on US trade uncertainty

Stating that policy uncertainty is further slowing growth in 2025, Moody's said it is likely to take a toll on consumer, business, and financial activity

No Pakistan-related issues discussed: ADB on meeting with FM Sitharaman

Finance Ministry officials also said that there was no discussion on issues related to Pakistan with ADB President and the Italian Finance Minister

Datanomics: India's investment treaties progress in bits and pieces

Objectives of these agreements are to promote and protect investments through a stable legal environment for investors from both countries

RBI may cut rates by up to 125 bps in FY26, says SBI Research report

SBI Research expects a 125 bps rate cut in FY26 as inflation falls to multi-year lows, with liquidity measures like OMOs and pressure on deposit rates likely to follow

India offers tariff-free access to US steel, auto parts in trade talks

The two nations are prioritizing certain sectors to strike an early trade deal before the end of the 90-day pause on US President Donald Trump's tit-for-tat tariffs

Indian govt decided to terminate services of Subramanian: IMF

It is also alleged that Subramanian used his official position to pressurise some institutions to purchase his book

No difference between skill and chance in GST levy, Centre tells SC

Centre argues before Supreme Court that betting on game outcomes is gambling and attracts 28% GST, regardless of whether the game is based on skill or chance

Defence spend amid Pak tensions may hit India's fiscal strength: Moody's

Moody's Ratings says India's economy remains resilient despite Pak tensions, but increased defence expenditure could weigh on fiscal strength and delay consolidation

Uttar Pradesh govt plans to tweak GCC policy to attract more FDIs

According to sources, the proposed policy will provide 30-50 per cent front-end land subsidy, apart from 100 per cent stamp duty waiver for GCC investors

RBI may effect cumulative rate cut of 125-150 bps in FY26, says SBI study

The study suggested that the central bank should go for "jumbo" rate cuts of 50 bps as it would be more effective

Saudi Arabia's push into Indian refineries stalled over crude oil supply

The nations agreed last month to collaborate on the two plants, as the largest oil exporter seeks to tap a massive market that will help drive global demand growth

Spain's blackout shows why India needs to prioritise power grid stability

For a build-out without blackouts, regulators and the government will also need to work on better data, a more robust grid, and better-run companies