Page 24 - Economy & Policy News
FY27 CAD likely to widen amid West Asia headwinds, say economists
Economists broadly agree that this financial year is shaping up to be tougher than the last for the external account
 "FY27 CAD likely to widen amid West Asia headwinds, say economists")
VB-G RAM G replacing MGNREGA to come into force across India from July 1
The Centre has notified the VB-G RAM G Act, replacing MGNREGA from July 1, 2026, with a 125 day rural employment guarantee and expanded infrastructure creation mandate
 "VB-G RAM G replacing MGNREGA to come into force across India from July 1")
Review of trade in goods pact with Asean priority for India: MEA
India is pushing for an early review of the ASEAN trade pact while pursuing bilateral access for pharmaceuticals, agriculture and defence exports
 "Review of trade in goods pact with Asean priority for India: MEA")
Maharashtra will continue to lead in capex, says Devendra Fadnavis
Maharashtra will continue to lead states in infrastructure spending and cut power tariffs by 3 per cent annually till 2030, Chief Minister Devendra Fadnavis said
 "Maharashtra will continue to lead in capex, says Devendra Fadnavis")
N Chandrababu Naidu seeks investments in Andhra's aerospace sector
Andhra Pradesh Chief Minister N Chandrababu Naidu urged industries to generate power within factory premises and invest in the state's aerospace sector
 "N Chandrababu Naidu seeks investments in Andhra's aerospace sector")
India should treble clean energy target by 2030, says Amitabh Kant
Former G20 Sherpa Amitabh Kant said India must sharply scale up clean energy capacity, storage and transmission infrastructure to secure energy independence
 "India should treble clean energy target by 2030, says Amitabh Kant")
Odisha rolls out CGD Policy 2026, expects investments worth over ₹5,100 cr
Odisha's new CGD Policy aims to accelerate PNG and CNG infrastructure rollout across all districts through faster approvals and investment incentives
 "Odisha rolls out CGD Policy 2026, expects investments worth over ₹5,100 cr")
India maintains 60-day crude stock; no fuel rationing planned: Oil Secy
India has maintained adequate crude oil, petroleum product and LPG reserves despite global supply disruptions, Oil Secretary Neeraj Mittal said
 "India maintains 60-day crude stock; no fuel rationing planned: Oil Secy")
Crisil cuts India's FY27 GDP growth forecast to 6.6% on oil risk
Crisil has lowered India's FY27 growth forecast, warning that elevated crude oil prices and supply disruptions could hurt inflation, consumption and investments
 "Crisil cuts India's FY27 GDP growth forecast to 6.6% on oil risk")
FAITH backs PM Modi's domestic travel push, seeks more foreign tourists
The tourism industry backed Prime Minister Narendra Modi's appeal for economic prudence and called for stronger efforts to boost inbound tourism
 "FAITH backs PM Modi's domestic travel push, seeks more foreign tourists")
Govt assures adequate fuel stock amid PM Modi's energy conservation push
The government said India has adequate fuel supplies and stable prices despite rising global energy costs and mounting losses for oil marketing companies
 "Govt assures adequate fuel stock amid PM Modi's energy conservation push")
Urban unemployment rate eases marginally to 6.6% in March quarter
The March quarter update is the fourth in the series. The bulletin for April June 2025 was the first to provide estimates for both rural and urban areas
 "Urban unemployment rate eases marginally to 6.6% in March quarter")
Identifying 100 products to boost domestic manufacturing: DPIIT Secy
The objective is to expand manufacturing for both domestic and global markets
 "Identifying 100 products to boost domestic manufacturing: DPIIT Secy")
PM Modi's WFH nudge: Can fewer office trips help cut India's fuel bill?
Work-from-home can reduce commute-linked fuel use in major cities, but experts say the overall energy impact depends on office and household power use
 "PM Modi's WFH nudge: Can fewer office trips help cut India's fuel bill?")
What PM Modi's fuel-saving, WFH appeal signals for India's economy
As oil prices rise globally, Prime Minister Narendra Modi urges Indians to save fuel and delay gold purchases. Is this an early warning sign for India's economy and future price pressures?
Govt says no shortage of fuel day after PM Modi's austerity appeal
A government official said India had sufficient crude inventories and that refinery operations were continuing without disruption
 "Govt says no shortage of fuel day after PM Modi's austerity appeal")
Industry must better leverage FTAs for trade growth: Commerce Secy
The secretary said that the track record of the country fully utilising and leveraging FTAs is "not great"
 "Industry must better leverage FTAs for trade growth: Commerce Secy")
India to grow 6.6% in FY27; needs package on BoP front: SBI report
The rupee has breached the 95-mark against the US dollar that has strengthened due to rising global uncertainties, triggered by the West Asia conflict
 "India to grow 6.6% in FY27; needs package on BoP front: SBI report")
Govt has no plan to raise gold, silver import duties amid market volatility
India is the world's second-largest consumer of gold and the largest consumer of silver
 "Govt has no plan to raise gold, silver import duties amid market volatility")
PM Modi's savings appeal signals fiscal stress at tipping point: Nomura
Nomura says PM Modi's appeal to conserve fuel, avoid gold purchases and cut overseas spending signals rising pressure on India's fiscal and current account deficits amid West Asia war
 "PM Modi's savings appeal signals fiscal stress at tipping point: Nomura")