Page 26 - Economy & Policy News

US court ruling on Trump tariffs adds uncertainty to India-US trade talks

A US trade court struck down Donald Trump's 10 per cent global tariffs, adding fresh uncertainty to India-US trade negotiations and tariff policy

E-way bill generation rises 12% in April to fourth-highest level

E-way bill generation under the GST regime rose 12 per cent year-on-year in April, signalling sustained momentum in goods movement and economic activity

Rupee settles lower at 94.48 against US dollar in choppy trade

The rupee settled weaker against the US dollar amid renewed tensions in West Asia, while RBI intervention helped curb further losses in the domestic currency

Under-recovery of ₹30K crore per month on LPG and fuel sales: Govt

State-run oil marketing companies are facing mounting under-recoveries as retail fuel prices remain largely unchanged despite crude oil hovering around $100 a barrel

DPI inclusion gaps persist despite welfare gains: CEA V Anantha Nageswaran

Chief Economic Adviser V Anantha Nageswaran said India's digital public infrastructure has boosted welfare delivery, but gaps remain in inclusion and governance

India's forex reserves fall $7.79 billion amid decline in gold reserves

India's foreign exchange reserves declined to $690 billion in the week ended May 1, led by a fall in gold reserves and foreign currency assets, RBI data showed

India, Oman likely to discuss early FTA implementation on May 11

The agreement will provide duty-free access to 98 per cent of India's exports, including textiles, agri, and leather goods in Oman

Economist Ashok Lahiri takes charge as NITI Aayog vice-chairperson

Former chief economic adviser Ashok Lahiri assumed charge as NITI Aayog vice-chairperson amid a major overhaul of the government policy think tank

Chronology of US tariffs and penalties on Indian goods since April 2025

Following is a chronology of the additional or reciprocal tariffs imposed by the US on Indian goods, over and above the existing duties, since April 2025

Global food prices hit 3-year high as Iran war disrupts supply chains

United Nations' index of food-commodity prices gained 1.6 per cent in April, led by higher vegetable oil, meat and cereal prices

Court setbacks to Trump tariffs may delay BTA talks with India: Experts

Experts said this ruling is a crucial reminder that Trump's global tariffs violated WTO rules, and their striking down by US courts is a positive signal for multilateral trade norms

India's April consumer inflation likely rose to 3.8% on higher fuel costs

Indian companies raised prices of LPG, widely used as a cooking fuel in households, in March after the West Asia conflict disrupted energy supplies, an effect economists said likely carried into April

Rupee depreciates 45 paise to 94.67 against US dollar in early trade

At the interbank foreign exchange market, the rupee opened at 94.58 against the US dollar, then lost momentum and touched 94.67 against the American currency

Asia's heat waves spell double trouble for economies hit by oil price shock

Inflation accelerated to multiyear highs across much of Asia, latest figures showed, led by higher transport, logistics and utility costs

GSTAT braces for rush in appeals ahead of June 30 filing deadline

Finance Ministry officials expect a surge in GSTAT appeal filings before the June 30 deadline as taxpayers defer cases over pre-deposit concerns

NSO resets GSVA base year to 2022-23, seeks all-state and UTs adoption

The revised GSVA framework with 2022-23 as base year aims to improve accuracy, comparability and coverage of state-level economic estimates

Haryana leads in informal jobs growth; Gujarat sees contraction

Haryana emerged as a leader in employment, scale, and productivity in the informal economy, while Gujarat saw declines across all three indicators

Rupee gains for second day as crude prices fall below $100 per barrel

The rupee strengthened against the dollar for a second straight session as easing crude oil prices and optimism over US-Iran talks supported sentiment

India-EU FTA likely to come into force in 2027, says EU ambassador

India-EU FTA may take effect in 2027 as both sides complete legal scrutiny, with focus shifting to implementation, trade barriers and investment rules

Limited tariff hikes, rising power costs to keep discom cash gap high: ICRA

ICRA said discoms' cash gap is likely to remain elevated in FY27 as muted tariff hikes and higher power purchase costs strain finances