Page 58 - Economy & Policy News

How seriously Indian states are funding artificial intelligence ambitions

A review of FY26 state Budget speeches shows wide variation in how Indian states plan to adopt AI and how little most are willing to spend on it

RBI gets bids three times notified amount at buy-sell swap auction

At the auction, the central bank received 348 bids worth $29.94 billion and accepted 42 bids, with the cut-off premium set at 728 paise

India slips to third among Russian fossil fuel buyers amid sanctions

India's Russian fossil fuel imports fell sharply in December, pushing it to third place as Reliance and state refiners cut crude purchases amid sanctions and price caps

Venezuela crisis unlikely to hit India oil prices in near term: Crisil

On January 3, the US launched a large-scale operation in Venezuela's capital Caracas and captured President Nicolás Maduro and his wife Cilia Flores

Exporters worried as Trump announces 25% tariffs on Iran's trade partners

The exact impact of the additional tariff will be only known after a notification is issued by the Trump administration, said exporters

Iran crisis hurting India's basmati exports, affecting mandi prices: Group

Civil unrest in 'pillar market' has disrupted payment cycles, delayed shipments and dented buyer confidence

Palm oil imports drop to 8-month low as refiners shift to rival oils: SEA

Lower palm oil imports by India, the world's largest buyer of vegetable oils, could lift inventories in top producers Indonesia and Malaysia

India-EU FTA negotiations near end: How the deal could boost exports

If finalised, this will be the 19th trade deal for India. The FTA is expected to help boost the country's exports to the 27-nation bloc

Electronics exports hit ₹4 trillion in 2025, set to rise further: Vaishnaw

According to official estimates, electronic production reached around ₹11.3 crore and exports were to the tune of ₹3.3 trillion in 2024-25

US plans extra 25% tariff over Iran trade: What it means for India

India could face a sharp rise in US tariffs after Donald Trump announced a 25 per cent duty on countries trading with Iran, adding pressure on exporters already hit by higher levies

China, India cut coal power generation for 1st time in over 50 yrs: Report

China's coal-fired generation fell 1.6% last year while India's declined 3%, according to Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air writing for Carbon Brief

Vaishnaw participates in critical minerals ministerial meeting hosted by US

Bessent convened a meeting of Finance Ministers at the United States Treasury to discuss solutions to secure and diversify supply chains for critical minerals, especially rare earth elements

Vitol, Trafigura offer Venezuelan oil to India, China for March delivery

The trading firms are ​scrambling to secure ships, moving swiftly to sell the Venezuelan oil, with Trafigura's CEO saying it will load its first cargo for the US this week

Determined to cross finish line on trade deal: US envoy Sergio Gor

Says both nations remain 'actively' engaged, next call scheduled on Jan 13

CPI inflation 2011-12 series: End of an era as new base begins next month

CPI-food inflation peaked at 16.12 per cent in April 2018, while the lowest reading was recorded in April 2019

Net direct tax collections up nearly 9% to ₹18.38 trillion till Jan 11

Refund pullback, not strong inflows, drives gains

India's retail inflation rises to 3-month high of 1.33% in December

Gold inflation soared to 68.66 per cent, while silver witnessed a spike of 97.07 per cent amid festival demand

Centre's net direct tax collections rose 9% to ₹18.38 trillion till Jan 11

The mop-up includes net corporate tax collection of over Rs 8.63 trillion and tax from non-corporates, including individuals and HUFs, of Rs 9.30 trillion

India, Germany boost economic, technology and security ties ahead of EU FTA

Announce 27 outcomes, including 19 agreements, across sectors - from defence to semiconductors and supply chain

Considerable progress made in trade talks with EU: Foreign Secretary Misri

India is pushing hard to conclude the EU trade deal to diversify export markets as pressure builds elsewhere, Foreign Secretary Vikram Misri said after Modi-Merz talks