Page 77 - Economy & Policy News

India, EU aim to seal trade pact at the earliest: Commerce Secretary

Commerce and industry minister Piyush Goyal held discussions with EU commissioner for trade and economic security, during December 8-9 to provide strategic guidance to the FTA negotiating teams

Centre resumes MGNREGA works in West Bengal but with stringent riders

Cap of Rs 20 lakh per work; 100% e-KYC and pre-estimation field visits mandatory

Diversifying exports to mitigate tariff impact; policy push to sustain mfg

Ahead of PM Narendra Modi's Jordan-Ethiopia-Oman tour, the government highlighted efforts to diversify exports and sustain manufacturing momentum, citing export and IIP growth trends

Rupee gains on exporter dollar sales, foreign inflows; best in Asia Tuesday

The rupee strengthened to 89.88 per dollar on exporter dollar sales and foreign inflows, leading Asian peers on Tuesday, though analysts said structural demand-supply pressures persist

US, India hold high-level talks to reset ties as trade deal remains elusive

Officials in New Delhi pointed out that both sides continue to engage at an institutional level, including holding annual military exercises in Alaska in September

Trump hints at additional tariffs on Indian rice as trade talks drag

Donald Trump said that American farmers have flagged their concerns about the falling rice prices, blaming rice imports from countries like India, Thailand, and Vietnam

Day 1: Telangana summit attracts ₹1.88 trillion investment proposals

Brookfield commits ₹75K cr for Bharat Future City

Tamil Nadu govt set to buy out Indian Railways' stake in Chennai MRTS

State to acquire Railways' 33% stake for ₹600-700 crore, seeks ₹4,000 crore World Bank loan to upgrade the 25-km line to Metro standards by 2027

Chatroom: No GST on sale of uncleared imported goods at ports currently

Importers can transfer goods via bill of lading endorsement without GST if done before customs clearance, while RBI allows simplified closure of small outstanding IDPMS entries

Chhattisgarh buys 2.23 mt of paddy during ongoing procurement season

The state's ongoing Kharif procurement benefits over 25 lakh farmers with a support price of ₹3,100 per quintal, backed by a ₹26,200 crore bank guarantee

US, India to hold bilateral trade talks on December 10-11 in Delhi

The visit is crucial as India and the US are working to finalise the first tranche of the pact

Russia to address India's concerns on non-tariff barriers across sectors

During Putin's visit, both nations agreed to remove non-tariff barriers in pharma and agriculture to boost Indian exports and balance the trade deficit

EU trade commissioner Sefcovic in Delhi for push on India-EU trade talks

EU trade commissioner Maros Sefcovic is in New Delhi for two days to advance trade and investment negotiations, as India and the EU work to narrow gaps on key issues

India free to buy oil from sources it deems beneficial, says Russia

Kremlin affirms India's freedom to choose energy suppliers after Putin visit; US and Ukraine negotiate potential peace deal that could lift oil sanctions

India free to buy oil from sources it considers beneficial: Russia

Speaking after his talks with Prime Minister Modi, the Russian leader assured that Moscow will remain India's reliable energy supplier

2.396 million households covered under solar rooftop scheme PMSGMBY

The scheme is targeting to ramp up the coverage to 3.5 million households by the end of 2025-26 and the government has taken various steps to accelerate its implementation

India's fuel demand hits six-month peak in November, rises 5.5% to 21.27 MT

Sales of gasoline, or petrol, totalled 3.52 million tons, easing 4.1% from October but 2.6% higher than the same month last year

Jaishankar meets EU Trade Commissioner as India-EU FTA talks set to resume

The meeting marks another step in efforts to deepen India-EU economic ties. FTA negotiations between the two sides were revived in June 2022 after a long pause

Senior Trump administration official begins five-day visit to India

The US embassy said Under Secretary Hooker's visit marks another step forward in advancing President Donald Trump's priorities for a strong US-India partnership and a free and open Indo-Pacific

Petroleum exports to US surge in Oct as labour intensive sectors bear brunt

Even as gems, jewellery, garments slump under tariff pressure, energy and telecom exports offset broader decline to the US