Page 33 - Economy & Policy News

Trade split on cotton duty cut; risks flagged for farmers, CCI

As industry seeks lower cotton import duty amid rising prices, sections of trade warn it could hurt farmers, trigger distress selling, and lead to losses for the Cotton Corporation of India

India plans 62 new vessels with Rs 51,383 crore investment in FY27

India plans to add 62 vessels with Rs 51,383 crore investment this year to strengthen maritime capacity and ensure resilience amid global supply disruptions

PM Modi inaugurates ₹36,000 crore Ganga Expressway linking 12 UP districts

The expressway, which cost more than ₹36,000 crore to the Uttar Pradesh exchequer, is proposed to be linked with Haridwar in Uttarakhand in the next phase

Castrol India banks on pricing, rural push to navigate cost pressures

Castrol India is relying on price hikes and rural expansion to offset rising costs, while sustaining growth through steady demand and market share gains across segments

Mismatch between IBC and tax law clouds loss carry-forward benefits

A growing mismatch between insolvency and tax laws is raising uncertainty for companies, with tax authorities denying loss carry-forward benefits despite approved resolution plans

Transmission bottlenecks threaten India's ambitious renewable energy goals

India's rapid renewable energy expansion is exposing grid and transmission constraints, with experts warning that system resilience and infrastructure upgrades are critical to sustain growth

GDP growth may slip to 6% if Indian crude averages $120/barrel in FY27: EY

The Reserve Bank of India (RBI), in its monetary policy review earlier this month, projected GDP growth for FY27 at 6.9% compared to 7.6% estimated in FY26

Visiting Canada next month to speed up Cepa talks, says Piyush Goyal

India has already concluded nine FTAs that provide preferential access to nearly two-thirds of the global economy and global trade, covering 38 developed and prosperous countries

India's industrial production closes 2011-12 era with no signs of breakout

Industrial output growth remained steady at 4.1% in FY26 as India closed its 2011-12 IIP series, with the NSO set to roll out a new base year reflecting evolving economic dynamics

India's March factory output at series peak despite West Asia war

India's industrial output closed the 2011-12 series with modest growth of 4.1% in FY26, as the NSO gears up to release a revamped IIP series with a 2022-23 base year

No plan to raise petrol, diesel prices after polls, govt assures supply

Centre says petrol, diesel supplies remain adequate and outlines measures to manage natural gas allocation amid West Asia crisis disruptions

RBI's expected credit loss guidelines may hit PSBs, mid-tier banks harder

Large private lenders seen to be better cushioned as higher provisioning raises capital costs

Time to build crude oil reserves as West Asia supply shock hits stocks

Experts said the crisis in West Asia is likely to prompt producers like Saudi Arabia, the UAE and Qatar to participate in building oil reserves in major consuming nations like India

Govt signs first commercial coal mine deals under UCG framework

Coal Ministry awards four blocks with underground gasification provisions, aiming to expand resource utilisation, boost energy security and reduce fertiliser import dependence

CBIC allows duty drawback on re-export of SEZ goods cleared to DTA

Tax body clarifies that SEZ goods cleared to DTA and re-exported will qualify as imports for duty drawback, aiming to ensure uniformity and reduce disputes

FTAs boost global demand for Indian talent, expand mobility options

Mobility provisions in India's trade deals are opening new visa pathways for skilled workers, as countries across Europe, Asia and Oceania seek Indian talent to address labour shortages

No plan to raise petrol, diesel prices after polls: Govt official

Retail petrol and diesel prices have remained unchanged for a record fourth year, even as conflict in West Asia has pushed crude oil costs up more than 50 per cent over the past two months

Hiring sentiment improves in H1FY27 but growth remains selective: TeamLease

TeamLease report sees modest rise in hiring outlook for April-September FY27, with firms focusing on productivity-led roles amid rising cost pressures and selective expansion

India's industrial output growth slows to 5-month low of 4.1% in March

India's industrial production growth decelerated to a five-month low of 4.1 per cent in March on account of subdued manufacturing growth and almost flat expansion in the power sector amid the West Asia crisis, according to official data released on Tuesday.

Govt clarifies SEZ goods re-exported from DTA eligible for duty drawback

The instruction clarifies that goods supplied by an SEZ unit to the Domestic Tariff Area (DTA) after payment of customs duties will be treated as imported goods if later re-exported