Page 24 - Economy & Policy News
Cabinet approves ₹20,000 cr rail multitracking projects in 9 states
Projects across nine states will add about 1,196 km to the railway network, improve freight capacity and connectivity, and are targeted for completion by 2029-30
 "Cabinet approves ₹20,000 cr rail multitracking projects in 9 states")
UPI data can help bring informal sector into formal credit: NITI's Lahiri
NITI Aayog's Ashok Lahiri said transaction data generated through UPI could improve credit appraisal and risk pricing, helping bring MSMEs into the formal lending system
 "UPI data can help bring informal sector into formal credit: NITI's Lahiri")
India's goods exports rise over 15% in April-August: Piyush Goyal
Merchandise exports rose more than 15 per cent in April-August, indicating they crossed $200 billion, as India targets $1 trillion in total exports this financial year
 "India's goods exports rise over 15% in April-August: Piyush Goyal")
India's carbon credit scheme gets UK nod: What it means for exporters
The UK has recognised India's carbon credit scheme under its CBAM rules, which could reduce the carbon tax burden on Indian exporters of steel and cement
 "India's carbon credit scheme gets UK nod: What it means for exporters")
Over 11% PPI factory input inflation could have aided fall in deflators
The break-up of these calculations is complicated since many manufactured products are inputs for other manufactured products
 "Over 11% PPI factory input inflation could have aided fall in deflators")
India-Brics trade is essentially an import story as deficit widens
Brics partners accounted for nearly 42% of India's merchandise imports in FY26
 "India-Brics trade is essentially an import story as deficit widens")
India tests new hydro technology as CERC approves first project's tariff
The regulator approved a Rs 3.39 per unit tariff for BBMB's 1 MW pilot project despite the absence of specific central guidelines, with one member dissenting over CERC's jurisdiction
 "India tests new hydro technology as CERC approves first project's tariff")
India-Sacu pact could reshape New Delhi's emerging-market trade strategy
The proposed preferential trade agreement could open new export markets, diversify critical mineral supplies and test whether calibrated deals with developing economies can complement India's recent d
 "India-Sacu pact could reshape New Delhi's emerging-market trade strategy")
Notebook makers seek minimum import price, anti-dumping probe on imports
Industry body seeks minimum import price on finished notebooks, anti-dumping probe into Indonesian imports and GST rule changes to ease working capital constraints
 "Notebook makers seek minimum import price, anti-dumping probe on imports")
Adani, NTPC among 5 applicants for ₹37,500-cr coal gasification scheme
The Centre's scheme received seven applications from Adani Enterprises, NTPC, Talcher Fertilisers, Gallantt Ispat and Shyam Sel & Power for projects in urea, syngas and synthetic gas
 "Adani, NTPC among 5 applicants for ₹37,500-cr coal gasification scheme")
Cost of home-cooked meals moderately higher in August: Crisil report
The cost of a vegetarian meal increased 1 per cent year-on-year and month-on-month to ₹29.5 per thali, the monthly report by the research arm of domestic rating agency Crisil said
 "Cost of home-cooked meals moderately higher in August: Crisil report")
India's fuel demand fell 2.8% in August despite higher petrol, diesel sales
Consumption of fuel, a proxy for oil demand, totalled 18.61 million metric tons, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed
 "India's fuel demand fell 2.8% in August despite higher petrol, diesel sales")
Bank of Baroda raises FY27 growth forecast, flags monsoon and oil risks
Bank of Baroda raised its FY27 growth forecast to 7-7.2 per cent after robust Q1 growth, but flagged upside risks to inflation and the fiscal deficit from monsoon and oil
 "Bank of Baroda raises FY27 growth forecast, flags monsoon and oil risks")
Interest limited, govt to review ₹25,000-crore export promotion schemes
Aims to spend ₹3,710 cr in FY27, up from ₹2,250 cr in FY26
 "Interest limited, govt to review ₹25,000-crore export promotion schemes")
Work demand under VB G RAM G stages smart recovery in August after July dip
Work demand rose 4.4 per cent year-on-year to 12.4 million households in August, even as kharif sowing continued amid below-normal southwest monsoon rainfall
 "Work demand under VB G RAM G stages smart recovery in August after July dip")
Indian crude basket tops $100/bbl as Iran-US tensions fuel supply concerns
Rising crude prices are squeezing fuel marketing margins and could widen India's oil import bill, while attacks in West Asia raise concerns over supplies through the Strait of Hormuz
 "Indian crude basket tops $100/bbl as Iran-US tensions fuel supply concerns")
Only 23% of rural LPG users rely on it exclusively, finds CEEW study
Around 73 per cent of rural households used LPG in the previous 90 days, but refill costs, last-mile delivery gaps and informal access continue to constrain sustained use
 "Only 23% of rural LPG users rely on it exclusively, finds CEEW study")
Rajasthan govt seizes 44 vehicles in 3 weeks in tax evasion crackdown
Rajasthan tax department seizes 44 vehicles in three-week crackdown on suspected tax evasion
 "Rajasthan govt seizes 44 vehicles in 3 weeks in tax evasion crackdown")
LNG prices surge to multiyear highs as West Asia war squeezes supplies
West Asian supply disruptions and low European gas storage are pushing LNG prices higher, forcing price-sensitive Indian buyers to compete with Europe for cargoes
 "LNG prices surge to multiyear highs as West Asia war squeezes supplies")
Weekly policy watch: Coal gasification deadline, forex reserves in focus
The week's policy agenda will focus on the coal gasification scheme, possible changes to plantation FDI rules and fresh forex reserves data