Page 8 - Economy & Policy News

Govt sets 60-day FDI clearance for China-linked sectors, 40 sub-sectors

The move follows a decision by the government in March to process and decide FDI proposals from these countries in specified manufacturing sectors or activities within 60 days

India tops global remittances with over $137 billion inflows in 2024: UN

The report also said that countries in Asia continue to account for the largest share of internationally mobile students

Sugar industry wary of proposed tighter rules in Sugarcane Control Order

Proposed changes to Sugarcane Control Order, including stricter norms for mills and khandsari units, raise concerns over increased regulatory oversight and potential 'Inspector Raj' in the sector

Rupee hits fresh low amid surge in crude prices and West Asia tensions

The rupee hits a record low as crude oil prices surge amid West Asia tensions, raising concerns over inflation, import costs, and widening current account deficit

Union Cabinet approves ₹1,570 crore ship repair facility in Vadinar

Cabinet clears ₹1,570 crore Vadinar ship repair facility to boost domestic capacity and reduce reliance on foreign shipyards

Semiconductor projects worth ₹4,000 crore get Cabinet go-ahead

The two new projects will be implemented by Crystal Matrix Limited and Suchi Semicon Limited, with project costs of ₹3,068 crore and ₹868 crore, respectively

Indian banks' ROA peaking; NIM pressure to cap gains: McKinsey & Company

Indian banks' ROAs may have peaked at 1.4% in FY25, with declining net interest margins, rising costs and funding pressures expected to limit further profitability gains

Cabinet approves ₹5,659 crore cotton mission to double yields in 5 years

Cabinet raises sugarcane FRP by ₹10/quintal for 2026-27 season

Private insurers step up commitment to India's new maritime insurance pool

In less than a fortnight of its announcement, private insurers have already committed Rs 1,100 crore to the pool; plans are also afoot to set up an Indian Protection & Indemnity Club

Gujarat HC ruling on ITC denial raises compliance burden for businesses

Gujarat High Court upholds ITC denial for supplier defaults, increasing compliance costs and working capital pressure for businesses across multi-layered supply chains

Cabinet approves ₹23,437 cr rail multi-tracking projects across six states

The Cabinet has cleared Rs 23,437 crore rail multi-tracking projects across six states to enhance connectivity, reduce congestion, and boost freight capacity under PM Gati Shakti

Cabinet clears ₹18,100-cr credit guarantee scheme for aviation, MSMEs

Cabinet clears ₹365/qtl sugarcane FRP, ₹5,659 crore cotton mission

India may consider lower inflation target, narrower band: RBI Deputy Guv

The government, after consultation with the RBI, has notified the inflation target framework for a five year period through March 31, 2031

India most resilient emerging mkt, better placed to manage shocks: Moody's

Stating that India is "better placed" among emerging market sovereigns to manage future global shock, Moody's said it would also enter any future periods of stress with strong and accessible buffers

US naval ops to protect global energy, India's LPG supply: US Treasury secy

Bessent called on Beijing to play a constructive role, particularly ahead of US President Donald Trump's expected meeting with Chinese President Xi Jinping next week

Net direct tax mopup rose 5.12% in FY26 but fell short of RE: CBDT data

Net direct tax collections rose 5.12% in FY26, missing revised estimates as non-corporate tax growth remained flat despite robust corporate tax collections

Central schemes likely to get fresh push after BJP's West Bengal win

The prime example of this is MGNREGA, which has now been replaced by the new Viksit Bharat-Guarantee for Rozgar and Aajeevika Mission (GRAMIN) or VB-G RaM G

Datanomics: One in four Indians still lacks access to safe drinking water

India has improved access to safe drinking water, but one in four people still lack reliable supply, with rural areas and groundwater dependence a key concern

EAC-PM calls for mapping economic vulnerabilities in food, other areas

S Mahendra Dev in an interview with PTI further said the ongoing West Asia conflict highlights the need for a forward-looking approach to risk management

Manufacturing PMI rises to 54.7 in April, cost pressure hits 44-month high

The reading remained above 50, which denotes expansion in activity, while a reading below that signifies contraction