Page 26 - Economy & Policy News

'Zombie firms' reflect inefficient insolvency resolution, says IMF report

'IBC Amendment Bill does not provide for the participation of operational creditors'

Seeds sector faces major shake-up as India readies new laws and treaties

'India's seeds sector heads into a decisive phase as new draft laws, amendments to plant-variety rules, and a global treaty converge to reshape how varieties are regulated, protected and shared'

India's food market to surpass $125 billion by 2030, says report

Unique cuisines per user up 20 per cent; food services market seen topping $125 bn by 2030

State capital expenditure at 33.5% of FY26 target, shows CAG data

CAG data shows Haryana, Telangana utilised the highest proportion of BE among 19 states

GST 2.0 bolstered momentum, economy on stable footing: FinMin review

While trade policy uncertainty remains elevated, the ministry felt that global pressures have moderated relative to earlier peaks

Why IMF says India's $5 trillion economy goal may take longer than expected

According to the IMF's updated outlook, India is projected to surpass the $4 trillion threshold in FY26 and expand to roughly $4.96 trillion by FY28, just short of the $5 trillion milestone

Chhattisgarh Housing Board launches housing projects worth over ₹2,000 cr

CGHB unveils Rs 2,060 crore plan for 12,000 homes as revenue rebounds

India tops Russian oil imports via 30 false-flagged tankers: Think tank

European think tank CREA has claimed that these shipments made India the largest national destination for crude moved by Russia's growing 'shadow fleet'

GST rate cuts boost consumption, India set for steady growth: FinMin report

Retail inflation has reached an all-time low in the current series, dropping to 0.25 per cent in October 2025, down from 1.44 per cent in September 2025

India, UAE review FTA progress; discuss market access, data sharing

These issues were discussed during a meeting of the Joint Committee under the India-UAE CEPA (comprehensive economic partnership agreement)

IMF reclassifies India's forex regime as 'crawl-like arrangement'

The Fund cites declining RBI interventions but warns that India's FX restrictions and slow structural reforms could hinder long-term growth

Cabinet approves Rs 12,000 cr Pune Metro, rail expansion projects

The Centre has cleared Pune Metro Lines 4 and 4A under Phase-2 and two major railway expansion projects in Maharashtra and Gujarat, boosting connectivity for millions across key districts

India set for 3rd-biggest tariff shock in global apparel and footwear trade

However, the other exporting countries, including Bangladesh, Indonesia, Cambodia and Pakistan, will have a much lower incremental impact than India

Review medium-term debt target, make it more ambitious: IMF to Centre

In its Article 4 review, the Fund called for broader debt anchors, stronger state-level reforms and careful monitoring of tax cuts as India continues fiscal consolidation

India rejects IMF view that US tariffs will stay indefinitely, hit growth

The IMF identified further escalation of trade tensions and deepening geoeconomic fragmentation as a significant near-term risk for India

India's new test for Permanent Establishment: Control over Presence

The Hyatt case has reignited a debate over what constitutes a permanent establishment, with courts increasingly focusing on the 'form over substance' principle

No systematic bias in inflation forecasts, asserts RBI dy guv Poonam Gupta

RBI Deputy Governor Poonam Gupta said MPC inflation and growth forecasts show no directional bias and outlined the central bank's multi-model forecasting approach

Indian economy to grow at 6.6% in FY26, GST reform to ease tariff pain: IMF

Despite external headwinds, growth is expected to remain robust, supported by favourable domestic conditions, it added

UP to simplify industrial land allotment for MSMEs to draw fresh investment

The state aims to lower land costs and boost private investment through a plug-and-play model, lease-rental options and expanded industrial land banks

Cabinet approves ₹7,280 crore plan to build rare earth magnet capacity

The Cabinet has approved the scheme to develop 6,000 mtpa of integrated rare earth permanent magnet capacity, aiming to strengthen critical minerals supply chain and reduce import reliance