Page 4 - Economy & Policy News
India-New Zealand free-trade agreement likely to take effect next month
The New Zealand deal comes as India accelerates negotiations with several trading partners to expand market access for its exporters and strengthen supply chains
 "India-New Zealand free-trade agreement likely to take effect next month")
Previous revisions also caused changes in nominal GDP: Analysis
The base year change from 1999-00 to 2004-05 led to a 6% rise in nominal GDP numbers of Q1FY08
 "Previous revisions also caused changes in nominal GDP: Analysis")
Odisha eyes Gulf investors seeking a hedge against West Asia risks
Odisha will pitch 30 innovative projects to 30 wealth funds during the UAE roadshow from September 8 to 11
 "Odisha eyes Gulf investors seeking a hedge against West Asia risks")
Platform workers face high risks, limited protection: Gig workers survey
Nationwide survey of 1,000 platform workers finds gaps in insurance and safety training, while extreme heat, road accidents and long working hours add to risks
 "Platform workers face high risks, limited protection: Gig workers survey")
Australia to Uzbekistan: India widens uranium push for 100 GW nuclear goal
India is widening and renewing uranium supply options with Australia and Uzbekistan as it prepares for an over elevenfold expansion in nuclear capacity to 100 GW by 2047
 "Australia to Uzbekistan: India widens uranium push for 100 GW nuclear goal")
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")