Page 27 - Economy & Policy News

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

India may attract ₹360 trillion in green investments by 2047: CEEW

A new CEEW analysis says India could draw ₹360 trillion in cumulative green investments by 2047, unlocking a potential $1.1 trillion annual market across clean energy and circular value chains

18 nations and rising: India builds global support for its Pharmacopoeia

Industry representatives argue that global acceptance of Indian Pharmacopoeia could significantly reduce export costs and make Indian drugs more affordable to developing nations

India on track to surpass $4 trn GDP in FY26: CEA Anantha Nageswaran

Nageswaran noted that the country should register growth and progress with the environment taken into account

Jobs in unincorporated sector rose marginally in Q2, shows NSO data

Meanwhile, the number of establishments in the sector rose to 79.7 million from 79.42 million during the corresponding period

Datanomics: Delhi's Red Fort 4th-largest attraction for domestic tourists

The Red Fort reopened after the recent blast and ranked fourth among centrally protected monuments for domestic visitors in FY25, drawing 2.88 million tourists and remaining a key heritage attraction

MCA should strive to be futuristic to serve stakeholders: FM Sitharaman

FM asked the Corporate Affairs Ministry to modernise systems, enhance transparency and ensure time-bound services as she reviewed Regional Directorates and the Registrar of Companies

India's merchandise exports up in first 3 weeks of November: Piyush Goyal

Merchandise exports grew in the first three weeks of Nov, Piyush Goyal said after a Board of Trade meeting that reviewed tariff challenges, export incentives and ongoing trade talks with key partners

Minecraft 2.0: AI-driven exploration reshaping India's hunt for rare earths

India is transforming how its hunts for copper, lithium, rare earths and more, using AI to shave years off exploration timelines and reshaping the push for critical mineral security

Festive demand and GST relief to drive India Inc's Q3 FY26 growth: ICRA

ICRA expects India Inc. to post 8-10% year-on-year revenue growth in Q3 FY26, supported by festive and rural demand, GST rationalisation and easing costs

States pause spending as they await 16th Finance Commission's payouts

Most states have reduced their market borrowings, and raised less-than-projected amounts via state government securities, pushing up yields for short-term papers that the Centre typically uses