Page 227 - Economy & Policy News

Can MAGA and MIGA co-exist? India-US trade tariff talks may hold the key

While a trade deal between India and US looks natural, given differences in economic structure, India will need to improve quality of its exports failing which US will simply turn to other producers

CBDT amends norms, mandates detailed income disclosures for business trusts

For tax purposes, business trusts such as REITs, InvITs, and certain AIFs get pass-through status and are not taxed on the income earned by them

Trade, tech, tourism, to be key drivers for Assam's growth: Piyush Goyal

A permanent exhibition hall and convention centre like the Bharat Mandapam will be set up in Assam as a joint venture between the Centre and the state government, Goyal added

Australian exporters to save $2 bn in tariffs due to trade pact with India

The ECTA came into force on December 29, 2022. Under the deal, by value, over 85 per cent of Australian goods exported to India are now tariff-free

MoUs worth Rs 10,785 cr signed on Day 2 of business summit in Assam

During the inaugural session, private sector behemoths Reliance, Adani, Vedanta and Tatas also cumulatively announced an investment of nearly Rs 2 trillion in the Northeastern state

Worst over for India's economy, Q3 GDP growth seen at 6.2%: Deutsche Bank

GDP growth, which had slipped to a seven-quarter-low of 5.4 per cent in the September quarter leading to a lot of concerns over the economy's strength, is likely to rise to 6.2 per cent in Dec quarter

World Bank bullish on India, reaffirms confidence in its economic potential

Speaking at the Advantage Assam 2.0 Business Summit, World Bank country director Auguste Tano Kouame said the lender remains optimistic about India's economic prospects

India eyes higher ethanol blending target, boosts focus on green hydrogen

Petroleum Minister Hardeep Singh Puri announced the country had already achieved 19.6 per cent ethanol blending and was confident of reaching 20 per cent by next month

MGNREGS, PMAY-G account for 75% of rural development dept's budget: Report

In the union Budget for 2025-26, the Ministry of Rural Development was allocated Rs 1,90,406 crore

Uttar Pradesh eyes Rs 70K cr investment in electronics, data centres

The investments will catalyse the 'Make in UP' and 'Brand UP' vision, a senior state government official said

India needs tax buoyancy in range of 1.2-1.5 to achieve 6.5-7% growth: EY

The report also said that the government may need to strengthen revenue mobilisation, particularly by increasing the tax-to-GDP ratio

EU pushes for tariff cuts on whiskey, wine, cars in India trade talks

The EU seeks lower tariffs as India's biggest FTA nears finalisation after nine rounds of talks, with the next set for March 10-14, boosting access for textiles, leather, and marine exports

Women spent 71 minutes a day on 'work-related activities' in 2024: Mospi

10 minutes more than in 2019: Mospi survey

EU seeks stronger commitment from India on reducing 'high' import tariffs

The discussion on the FTA will signal the 'broader political commitment' from both leaders and set the stage for the 10 round of negotiation in Brussels during 10-14 March, after a six months hiatus

Fresh formal hirings decline by 3% in December, shows EPFO data

The EPFO data is considered crucial as it reflects the state of the formal labour market. Only the formal workforce enjoys social security benefits and is protected by labour laws

India has lower exposure to US tariffs than peers in Apac region: Moody's

To mitigate pressure from reciprocal tariffs, the US and India are reportedly engaged in talks to lower import tariffs on select US products, increase market access for US farm products

Biz summit day 1: Assam receives Rs 2.5 trillion investment proposals

Out of the total announcements, Rs 1.89 lakh crore of investments were cemented in the form of 114 agreements signed between various companies and the Assam government

Rupee records steepest single-day fall in 3 weeks against US dollar

The rupee depreciated by around 50 paisa, or 0.58 per cent, to settle at 87.21 against the dollar, compared to the previous close of 86.71 per dollar

75% men, 25% women participate in employment related activities in 2024

The findings of the 2024 survey revealed that 75 per cent of the males and 25 per cent of the females in the 15-59-year age group participated in employment and related activities

MP to play major role in achieving goal of developed India, says Shah

Shah also said the state has emerged as an attractive investment destination because of its strategic location, skilled workforce