Page 203 - Economy & Policy News

UK to support India in the internationalisation of rupee currency

The FM is currently in the UK for the 13th Economic and Financial Dialogue between the two countries

India to be 6th largest insurance market by 2032, says FM Sitharaman

Sitharaman in a tweet highlighted decriminalisation and reduction in compliance burden for businesses and individuals among reforms undertaken by the government in the last ten years

India scraps transshipment facility for Bangladesh's third-country exports

Indian exporters, mainly from the apparel sector, had earlier urged the government to withdraw this facility to the neighbouring country

RBI's rate cut, monetary stance change to 'accommodative' timely: Experts

Aditi Nayar, chief economist, ICRA said the 25 bps cut in the repo rate was along expected lines, given the recent evolution of growth inflation dynamics

Unemployment rate dips marginally to 4.9% in 2024, shows govt survey

In urban areas, the LFPR increased for males (74.3% in 2023 to 75.6% in 2024) and slightly for females (25.5% to 25.8%), leading to an overall rise in LFPR (50.3% to 51.0%)

Coal India's payment to govt drops, yet big support for miner states

For the financial year 2024-25, CIL paid ₹60,959.52 crore to the government exchequer. This was a small increase of 1.2 per cent compared to ₹60,197.8 crore paid in 2023-24

RBI issues draft rules for gold loans to standardise norms across lenders

RBI said the policy will strengthen conduct-related aspects, with lending norms integrated into lenders' credit/risk management policies

RBI's rate cut to cushion economy amidst global turmoil, says India Inc

MPC's decision to reduce the repo rate to 6 per cent and adopting accommodative stance will provide a cushion to Indian economy from adverse effects of global economic uncertainty

RBI lowers FY26 GDP growth forecast to 6.5% on global trade uncertainties

Inflation outlook for India improves on sharp decline in food prices and record wheat and pulse production

RBI cuts policy rate by 25 bps to 6%, changes stance to support growth

'Decisive improvement' in inflation outlook, says MPC as India braces for impact of US tariffs

RBI Guv says Trump tariffs will have negative impact on net exports

​RBI Governor Malhotra warned that increased US tariffs could hinder India's exports and domestic growth, emphasising the central bank's commitment to monitoring inflation risks

FM Sitharaman woos UK investors, highlights India's growth, reform push

The Finance Ministry said the roundtable outlined government priorities for sustained growth and investment, backed by policy support shaping the vision of "new India"

US tariffs to significantly hit Asia, says ADB, urging regional cooperation

The multilateral institution suggested countries in the region cooperate and engage in more trade between themselves, a trend that is already underway in Asia

India-UAE partnership a model of trust and shared vision: Piyush Goyal

Goyal described the bilateral relationship as one of personal trust and strategic closeness and acknowledged the UAE's role in promoting cultural and religious harmony

Cargo rush as full US President Trump tariffs take effect on Wednesday

According to the US executive order, the tariffs will take effect at 12.01 am Eastern Daylight Time, or around 9.30 am Indian Standard Time

Centre looks to integrate transport planning under new mechanism

The government has an inter-ministerial consultative mechanism for infrastructure planning and execution - the Prime Minister Gati-Shakti framework

Rs 23K crore electronics PLI scheme set to be rolled out in 3 weeks

The scheme is likely to be operationalised in the next 2-3 weeks

MMRDA secures lines of credit worth Rs 4.07 trillion to develop MMR's infra

MMRDA is the Maharashtra government agency responsible for preparing a regional infrastructure development plan for the MMR

IRB Infrastructure, InvIT clock Rs 6,360 crore in toll revenues, up 23%

In FY24, the company and the InvIT recorded toll revenue of Rs 5,169 crore. The revenue growth in FY25 is significantly above the national Y-o-Y toll revenue growth of 12.5 per cent

India's growth trajectory remains strong, says FM Nirmala Sitharaman

"Our government remains committed to continued reforms, maintaining macroeconomic stability, and ensuring that growth benefits every section of society," she said