Page 5 - Economy & Policy News

India should audit existing FTAs to assess effectiveness: Report

After the trade deal, India's exports to the UAE have risen by $13 billion over the past four years, while imports have increased by $24 billion

India considers budget cuts as oil price surge threatens fiscal targets

The government is wary of increasing borrowing beyond budgeted levels because additional debt issuance could push bond yields higher, officials familiar with the matter said

Flex-fuel can help India cut oil imports, emissions: Maruti Suzuki CEO

A flex-fuel vehicle has an internal combustion engine that is designed to run on alternative fuel made by combing petrol with ethanol or methanol

India should reassess FTAs, modernise investment screening: Report

The report also addresses the contested question about economic engagement with China amid strategic competition and manufacturing dependence

US trade body proposes 12.5% duty on India, others on forced labour gaps

The USTR move comes as India and the US work through an interim trade pact, raising compliance questions for exporters in textiles, apparel and other supply chains

PM Modi meets Citigroup Chair Jane Fraser, discusses investment plans

The Prime Minister and Citi Chair Jane Fraser discussed investment opportunities, capital flows, artificial intelligence and alternative energy as part of India's long-term growth agenda

Industry seeks faster disposal of high-value GST disputes, appeal relief

With GSTAT benches becoming operational, industry bodies have urged the government to fast-track large disputes and extend the June 30 deadline for filing appeals

El Nino's local impact may outweigh overall monsoon deficit, warn experts

Experts say the spatial distribution of rainfall and longer monsoon breaks could have a greater impact on farmers and rural livelihoods than the overall seasonal rainfall deficit

US-India trade deal 99% complete, final talks under way: US envoy Gor

US Ambassador Sergio Gor said negotiators are working through the final technical and legal issues as both sides push to conclude the long-pending trade agreement

USTR proposes 12.5% extra tariff on India amid trade deal negotiations

The proposed tariff action, linked to a Section 301 investigation into forced labour import prohibitions, comes as Indian and US officials negotiate a bilateral trade agreement in New Delhi

OECD raises India's FY27 growth forecast, warns of energy-shock risks

The OECD has raised India's FY27 growth forecast to 6.3 per cent but cautioned that higher energy prices, inflationary pressures and supply disruptions could weigh on the economy

CCEA approves highway projects worth ₹24,249.6 crore in four states

Odisha coastal highway set to take off after a decade-long wait

Cabinet okays ₹9.5K crore scheme for cleaner mobility in Delhi-NCR

Transporters welcome government support but await clarity on fate of existing fleet

Lao deputy PM pitches strategic partnership to Indian businesses

Deputy Prime Minister Thongsavan Phomvihane highlighted Laos' strategic location, policy reforms and incentives as he sought greater Indian investment and business partnerships

RBI denies reports of gold sale, says holdings remain unchanged

The physical stock of gold remained the same since April 03, 2026

RE targets may create 4.4 mn jobs by 2030, rooftop solar to lead: Study

Rooftop solar creates more jobs because it has to be installed in homes, shops and buildings, unlike large RE projects that are built at a single site

Services PMI rises to 59.8 in May as demand, output growth pick up

The Services PMI rose to 59.8 in May from 58.8 in April, signalling the fastest expansion since November as firms reported stronger demand and softer price pressure

Fuel exports decline to 930,000 bpd in May, lowest since 2022

India's refined fuel exports fell to a 31-month low in May as refinery maintenance, higher LPG output and stronger domestic demand reduced export availability

US-India trade deal 99% done, last-mile talks this week: US Ambassador Gor

US Ambassador Sergio Gor says 99 per cent of the bilateral trade pact is in place, with negotiators working to resolve final technical and legal issues during talks in New Delhi

Cabinet approves ₹10,000 crore fund to stabilise ATF costs amid crisis

OMCs will be compensated for losses arising from elevated international ATF prices whenever the prevailing import parity price exceeds a benchmark price determined by the government