Page 40 - Economy & Policy News

India seeks preferential market access in US for domestic goods: Goyal

About a dozen officers from India are in Washington for three-day trade talks with the US authorities

RBI partially withdraws restrictions on certain rupee derivative trades

The central bank had also stopped authorised dealers from entering into any FX derivative contract involving INR with their related parties

Truckers brace for first diesel price hike in four years amid Iran war

India is among the countries most exposed to the trade upheaval in the West Asia as the conflict extends into an eighth week

Govt expands Russian marine insurers list as Iran war strains supply chains

India is relying on Russian oil to meet most of its demand using a temporary waiver as the US-Israeli war on Iran keeps the Strait of Hormuz effectively closed

Weekly policy watch: US trade talks, infra output in focus this week

India's policy calendar for April 20-26 is packed with key events including US trade talks, flash PMI data and infrastructure output, offering cues on growth, demand and policy direction

West Asia conflict: US renewal of Russian oil waiver a breather for India

US renews Russia oil waiver, offering relief to India amid Hormuz disruptions, as refiners rely on diversified crude sources to maintain supplies

Global crises reveal the limits of India's oil diversification strategy

The Iran-US-Israel conflict effectively shuttered the Strait of Hormuz, the artery of India's oil trade

India, US chief negotiators to begin 3-day trade pact talks from April 20

As the tariff landscape has changed in the US, both sides may like to relook at the framework of the agreement, the text of which was released on February 7

20% DME-LPG blend can cut imports by 6.3 MT, save nearly ₹34,200 cr: Report

Coal gasification converts coal into syngas, which is then transformed into DME's clean-burning fuel that serves as a homegrown substitute for imported LPG

Govt may hike FDI limit in pension sector, Bill likely in Monsoon session

Last year, Parliament approved a Bill to increase the FDI limit in the insurance sector from 74 per cent to 100 per cent

Weekly economy wrap: Inflation uptick, monsoon fears weigh on outlook

Economy wrap April 13-19: Rising fuel-led inflation, job market stress and West Asia risks cloud near-term outlook even as government attempts to sustain growth momentum

Domestic LPG consumption drops 13% in March amid West Asia conflict

LPG consumption was at 2.379 million tonne in March, 12.8 per cent lower than 2.729 million tonne consumed in the same period last year

Odisha bets on Niti modeled SITI-Odisha for future planning, reforms

A separate State Monitoring and Evaluation Office (SMEO) will function under SITI-Odisha, similar to the performance-tracking systems associated with Niti Aayog

Govt responds to West Asia shipping insurance spike with ₹13k cr pool

The pool would cover all maritime risks like Hull and Machinery, Cargo, P&I and War risk, a statement by the cabinet said

Cabinet clears ₹12,980 cr maritime insurance pool with 'war risk' cover

Announcing the decision, Ashwini Vaishnaw said the Cabinet has approved the setting up of a domestic insurance pool to support India's maritime sector

Govt extends PMGSY-III with ₹83,977 crore outlay, approves rail projects

The Cabinet has extended PMGSY-III till March 2028 with ₹83,977 crore outlay and approved key railway expansion projects to enhance connectivity, capacity and support economic activity

Cabinet approves 2% dearness allowance hike for central govt employees

The hike raises DA and DR to 60 per cent of basic pay and pension, from the existing 58 per cent, and will be effective from January 1, 2026

Greek, Indian tankers make U-turn near Hormuz over reopening uncertainty

Greek and Indian tankers had all made their journeys northeast toward Hormuz from waters off Dubai, filled with crude, before they began turning around on Saturday morning

India spreads LNG supply basket to Africa, barred Russian projects

Importers explore cargoes from Russia and Norway as Qatar supply disruptions and geopolitical tensions force diversification and raise questions over sanctioned LNG sourcing

US extends waiver allowing India, others to buy Russian oil till May 16

The waiver comes despite earlier US reluctance, as war-linked supply disruptions and Strait of Hormuz curbs push oil prices higher and test Western efforts to restrict Russia's revenues