Page 18 - Economy & Policy News

US trade team may press India on greater market access in agri products

The delegation headed by the Deputy US Trade Representative (USTR) Rick Switzer which is visiting India from 9 to 12 December has trade officials with expertise in agriculture among others

NHAI debt down to ₹2.39 trn; ministry says loans to be repaid by 2050

NHAI's debt stood at Rs 2.39 trillion as of November and is slated to be repaid by 2050, the road transport ministry told Parliament, outlining repayment plans through FY26 and beyond

ADB raises India's growth forecast by 70 bps to 7.2% on consumption boost

ADB has sharply raised India's FY26 growth forecast to 7.2% on stronger consumption post tax cuts, while inflation estimates have been lowered as prices soften and demand strengthens

Panel flags 2-3 year coal mine clearance delays; seeks faster approvals

A parliamentary standing committee has flagged delays of up to nearly three years in environmental and forest clearances for coal mining projects

ADB sharply revises upward India's GDP growth forecast to 7.2% for FY26

The sharp upgrade of 0.7 percentage points of the Indian economy will help Asia to grow at a faster pace of 5.1 per cent as compared to earlier projection of 4.8 per cent for 2025

India-US trade talks progressing, US team in Delhi for negotiations: Goyal

Talks are continuously progressing with them. We are moving forward towards a bilateral trade agreement, said Piyush Goyal

New sellers, old oil: How Russian crude still flows to India via West Asia

Emergence of new sellers reflects the importance of the $60 bn Indo-Russian trade to oil producers and refiners of both nations

India's strong growth, tech demand brighten developing Asia prospects: ADB

Growth in 2025 is now projected at 5.1 per cent, up from the 4.8 per cent forecast in September, the ADB said in an update to its Asian Development Outlook

US President Donald Trump signals action on Indian rice 'dumping'

US President Donald Trump hinted at fresh tariffs on Indian rice as a Deputy USTR-led delegation arrived in New Delhi to assess the proposed trade deal between the two countries

Retail inflation may have remained muted in November, say economists

Economists' projections ranged from 0.5 per cent on the lower end to 1 per cent, with the median projection at 0.7 per cent

India, EU aim to seal trade pact at the earliest: Commerce Secretary

Commerce and industry minister Piyush Goyal held discussions with EU commissioner for trade and economic security, during December 8-9 to provide strategic guidance to the FTA negotiating teams

Centre resumes MGNREGA works in West Bengal but with stringent riders

Cap of Rs 20 lakh per work; 100% e-KYC and pre-estimation field visits mandatory

Diversifying exports to mitigate tariff impact; policy push to sustain mfg

Ahead of PM Narendra Modi's Jordan-Ethiopia-Oman tour, the government highlighted efforts to diversify exports and sustain manufacturing momentum, citing export and IIP growth trends

Rupee gains on exporter dollar sales, foreign inflows; best in Asia Tuesday

The rupee strengthened to 89.88 per dollar on exporter dollar sales and foreign inflows, leading Asian peers on Tuesday, though analysts said structural demand-supply pressures persist

US, India hold high-level talks to reset ties as trade deal remains elusive

Officials in New Delhi pointed out that both sides continue to engage at an institutional level, including holding annual military exercises in Alaska in September

Trump hints at additional tariffs on Indian rice as trade talks drag

Donald Trump said that American farmers have flagged their concerns about the falling rice prices, blaming rice imports from countries like India, Thailand, and Vietnam

Day 1: Telangana summit attracts ₹1.88 trillion investment proposals

Brookfield commits ₹75K cr for Bharat Future City

Tamil Nadu govt set to buy out Indian Railways' stake in Chennai MRTS

State to acquire Railways' 33% stake for ₹600-700 crore, seeks ₹4,000 crore World Bank loan to upgrade the 25-km line to Metro standards by 2027

Chatroom: No GST on sale of uncleared imported goods at ports currently

Importers can transfer goods via bill of lading endorsement without GST if done before customs clearance, while RBI allows simplified closure of small outstanding IDPMS entries

Chhattisgarh buys 2.23 mt of paddy during ongoing procurement season

The state's ongoing Kharif procurement benefits over 25 lakh farmers with a support price of ₹3,100 per quintal, backed by a ₹26,200 crore bank guarantee