Page 26 - Economy & Policy News
India-US trade deal hinges on preferential terms from Washington: Goyal
Commerce Minister Piyush Goyal said India will finalise and announce details of its trade agreement with the US once Washington offers preferential terms compared with India's competitors
 "India-US trade deal hinges on preferential terms from Washington: Goyal")
India's economic growth brings confidence, new opportunities to world: Modi
India and Belgium agreed to significantly expand cooperation in trade, defence, critical minerals, clean energy and technology after talks between PM Narendra Modi and Belgian PM Bart De Wever
 "India's economic growth brings confidence, new opportunities to world: Modi")
Services PMI rises to 54.1 in August as output and employment pick up
The sector expanded faster in August, with employment growth strengthening, though new business remained subdued and the headline PMI stayed below its long-run average
 "Services PMI rises to 54.1 in August as output and employment pick up")
Govt issues FAQs on GDP revision, explains new series and methodology
The government has revised the GDP estimate for Q1 FY2025-26 following the introduction of a new GDP series with 2022-23 as the base year
 "Govt issues FAQs on GDP revision, explains new series and methodology")
India services PMI rises to 54.1 in August; job growth at 15-month high
Business activity strengthened in August as new orders rose faster and services hiring reached a 15-month high, while input cost inflation remained moderate and charge inflation quickened
 "India services PMI rises to 54.1 in August; job growth at 15-month high")
India fastest-growing major economy, clocked 7.8% Q1 growth: FM Sitharaman
Finance Minister Nirmala Sitharaman said India remains the fastest-growing major economy after recording 7.8 per cent growth in Q1 FY27 despite global disruptions
 "India fastest-growing major economy, clocked 7.8% Q1 growth: FM Sitharaman")
India, Iran not discussing trade deal, says Rubio on Modi-Pezeshkian meet
US Secretary of State Marco Rubio said many countries maintain contact with Iran, after PM Modi met Iranian President Massoud Pezeshkian at the SCO summit
 "India, Iran not discussing trade deal, says Rubio on Modi-Pezeshkian meet")
Govt asserts no 'mechanical' boost aided Q1FY27 GDP growth print
Input prices rose faster than output prices, driving negative manufacturing deflator, govt said
 "Govt asserts no 'mechanical' boost aided Q1FY27 GDP growth print")
La Caisse acquires 24% stake in Altius Telecom for ₹12,100 crore
Investment comes ahead of Altius' planned transition to a publicly listed InvIT through an offering expected to raise around Rs 6,000 crore
 "La Caisse acquires 24% stake in Altius Telecom for ₹12,100 crore")
Belgian PM to focus on diamonds, defence, maritime ties during India visit
Bart De Wever's three-day visit will explore deeper trade and investment ties, defence and maritime cooperation, and opportunities from the India-EU free trade agreement
 "Belgian PM to focus on diamonds, defence, maritime ties during India visit")
India must review green finance norms to fund nuclear energy: NITI member
Abhay Karandikar says nuclear energy should get access to green finance, while India must build specialised skills and capacity to achieve its 100 GW target by 2047
 "India must review green finance norms to fund nuclear energy: NITI member")
India's economy can near $20 trn by 2046 if current growth pace holds: CEA
The economy doesn't need "heroic assumptions" to meet that target, Chief Economic Adviser V Anantha Nageswaran said
 "India's economy can near $20 trn by 2046 if current growth pace holds: CEA")
Shun foreign holidays, avoid buying gold: PM Narendra Modi renews appeal
PM cites India's 7.8 per cent June-quarter GDP growth to renew his Swadeshi pitch, urging citizens to embrace self-reliance and sustain economic momentum
 "Shun foreign holidays, avoid buying gold: PM Narendra Modi renews appeal")
Datanomics: Falling prices give a boost to manufacturing's real growth
Manufacturing prices fell in Q1 even as real growth outpaced nominal growth, pointing to deflationary pressure unlike agriculture and services
 "Datanomics: Falling prices give a boost to manufacturing's real growth")
Decoding DGFT's INR settlement rules and Customs re-export deadlines
DGFT's latest notification aligns INR export proceeds with foreign-currency realisation, while Customs clarifies when the six-month re-export clock begins
 "Decoding DGFT's INR settlement rules and Customs re-export deadlines")
Manufacturing PMI falls to 5-year low in August amid sales slowdown
New orders and output expanded at their weakest pace in five years, while manufacturing employment contracted for the first time in two-and-a-half years
 "Manufacturing PMI falls to 5-year low in August amid sales slowdown")
Net GST revenue receipt up 8.3% in August at ₹1.68 trillion, shows data
Import-related GST revenue surged 29 per cent year-on-year, outpacing domestic growth, while net collections rose 8.3 per cent to ₹1.68 trillion
 "Net GST revenue receipt up 8.3% in August at ₹1.68 trillion, shows data")
Govt brings back duty on petrol exports from Sept 1, cuts levy on ATF
Diesel export duty rises to Rs 25 per litre and petrol attracts a Rs 1.5 levy, while the export duty on aviation turbine fuel falls to Rs 19 per litre
 "Govt brings back duty on petrol exports from Sept 1, cuts levy on ATF")
India's current account deficit widens to $4.2 bn in Q1 as trade gap grows
Balance of payments recorded a deficit of $8.1 billion in Q1FY27 as portfolio outflows weighed, compared with a surplus of $4.5 billion in the year-ago quarter
From crises to inflation: What RBI Governors' speeches tell us about policy
From Subbarao and Rajan's crisis-era outreach to Patel's reticence and Das' Governor's Statements, the RBI's communication has evolved alongside India's economic challenges
 "From crises to inflation: What RBI Governors' speeches tell us about policy")