Page 2 - Economy & Policy News
Datanomics: Trade, energy and defence in focus as Putin visits India
With oil imports down and arms reliance shrinking, summit eyes energy security, S-400, and a $29 billion trade deficit
 "Datanomics: Trade, energy and defence in focus as Putin visits India")
PwC India sees ₹1.1 trillion shortfall in net tax collections in FY26
Following this uptick, PwC expects growth to moderate to 7 per cent in the second half, putting full-year expansion at 7.5-8 per cent
 "PwC India sees ₹1.1 trillion shortfall in net tax collections in FY26")
India's crude security holds as refiners pivot from sanctioned suppliers
With the November 21 deadline now past, India's Russian crude inflows are easing but not collapsing as refiners pivot to non-sanctioned suppliers, tap alternatives and benefit from soft global prices
 "India's crude security holds as refiners pivot from sanctioned suppliers")
Participate in rare-earth magnet manufacturing scheme, says Bhupender Yadav
Minister urges industry to invest in rare earth magnet manufacturing to boost green tech and EV value chains
 "Participate in rare-earth magnet manufacturing scheme, says Bhupender Yadav")
IMF hasn't questioned GDP growth figures, says FM Nirmala Sitharaman
India got a 'C' grade only for its national accounts data because the base year used is still 2011 to 2012
 "IMF hasn't questioned GDP growth figures, says FM Nirmala Sitharaman")
Terrain changed, need to up our game to court FDI: CEA Nageswaran
Government reviewing FDI policies as net inflows stay muted; manufacturing push and policy reforms key to attracting investment
 "Terrain changed, need to up our game to court FDI: CEA Nageswaran")
'Tobacco levy neither a new tax nor a cess': FM Nirmala Sitharaman
While the minister said the Centre had surrendered its power to levy excise duty on tobacco in 2017, excise duty did continue after GST - though at a nominal level
 "'Tobacco levy neither a new tax nor a cess': FM Nirmala Sitharaman")
Talks on to make Russia-designed nuclear small modular reactors in India
The government had announced the Nuclear Energy Mission in the Union Budget 2025-26, emphasising the development and deployment of five indigenous SMRs by 2033 with an outlay of Rs 20,000 crore
 "Talks on to make Russia-designed nuclear small modular reactors in India")
Strong political push to seal FTA with India by 2025 end: EU ambassador
"No doubt, there is a strong political commitment to conclude the FTA negotiations by the end of the year," he added
 "Strong political push to seal FTA with India by 2025 end: EU ambassador")
Indian economy on strong footing, says Commerce Minister Piyush Goyal
Commerce minister Piyush Goyal said the economy is on a strong footing despite global turmoil, citing Q2 growth and export gains in October-November
 "Indian economy on strong footing, says Commerce Minister Piyush Goyal")
Quality-adjusted HDI shows gaps in human development across states: CSEP
States like Kerala and Himachal Pradesh, which have high scores in traditional HDI and are praised for their success, show some of the largest gaps once quality factors are taken into consideration
 "Quality-adjusted HDI shows gaps in human development across states: CSEP")
DPIIT chief asks industry to make realistic demands on deregulation, safety
DPIIT secretary Amardeep Singh Bhatia urged industry to seek "realistic" regulatory relaxations, balancing ease of doing business with public safety, as panels review laws to cut compliance burden
 "DPIIT chief asks industry to make realistic demands on deregulation, safety")
Implementation of new labour codes likely by April 2026: Labour Minister
Labour Minister Mansukh Mandaviya said draft rules under four new labour codes will be pre-published soon, with full implementation and social security coverage expected by April 2026
 "Implementation of new labour codes likely by April 2026: Labour Minister")
Centre moves tobacco, pan masala levy Bills, seeks to retain mopup
New excise and cess proposals aim to boost central revenue as GST compensation period ends; states won't share proceeds
 "Centre moves tobacco, pan masala levy Bills, seeks to retain mopup")
India's services PMI rises to 59.8 in Nov on 'historically sharp' expansion
November services PMI: Companies added more jobs in November, but the increase was mild and at a similar pace as compared to the last two months
 "India's services PMI rises to 59.8 in Nov on 'historically sharp' expansion")
Indian entrepreneurs need to think global to meet customer needs: Goenka
Anant Goenka optimistic on demand revival, outlines budget priorities including defense, electronics hubs, and export incentives
 "Indian entrepreneurs need to think global to meet customer needs: Goenka")
Sanctions, logistics issues take a toll on India's exports to Russia
Oil imports drive surge; engineering exports dip as sanctions, logistics, and market access hamper outbound growth
 "Sanctions, logistics issues take a toll on India's exports to Russia")
Short-covering drives rupee towards 90 vs dollar as pressure returns
Hits new closing low of 89.88/$; Hits 89.96/$ intraday
 "Short-covering drives rupee towards 90 vs dollar as pressure returns")
To bridge trade gap, India and Russia may cut duties, ease barriers
Russia eyes mobility pact, duty cuts and sanctions-proof oil trade; major defence deals unlikely at annual summit
 "To bridge trade gap, India and Russia may cut duties, ease barriers")
OECD retains India FY26 growth outlook at 6.7% amid US tariff risks
OECD has kept India's FY26 growth forecast unchanged at 6.7% and FY27 at 6.2%, citing easing monetary policy and public capex, while warning that higher US tariffs could hit exports
 "OECD retains India FY26 growth outlook at 6.7% amid US tariff risks")
