Page 92 - Economy & Policy News

MIF suggests exports of value-added items to tackle tariff impact

Mother India Forming, which is into precision and sheet-metal-cold-roll-forming business, emphasised on innovation, technology integration, and cost-efficient, trade-aware manufacturing

Imports of seamless pipes, tubes from China rise two-fold in FY25: Report

The country had imported 2.44 lakh metric tonnes of seamless pipes and tubes from China in the preceding financial year

Trump, Modi speak frequently as trade talks continue, says White House

Trump said last week in South Korea that he wanted to reach a trade deal with India, signalling a thaw in relations that soured to their lowest point in decades

GST collections dip in 20 of 36 states and Union Territories in October

Twenty of India's 36 states and UTs saw GST revenue decline in October 2025 - the weakest month of FY26 - as businesses adjusted to the GST 2.0 rate cuts implemented in late September

Govt urges banks to deepen presence in IIBX, expand GIFT City operations

The senior government official further noted that the intent is to strengthen the ecosystem around IIBX and ensure that banks play a larger role in facilitating bullion trade and related financial flo

Make the most of free-trade agreements, PM Narendra Modi tells exporters

At a high-level meeting with export councils, PM Modi called on exporters to fully leverage India's FTAs amid US tariff hikes, while industry sought policy and financial relief

India needs to find vocations least impacted by AI: CEA Nageswaran

He further added that AI is moving in an automation-centric direction, which is likely to replace labour, instead of taking a human-centric approach

Privatising PSBs won't impede financial inclusion, says FM Sitharaman

Finance Minister Nirmala Sitharaman said India's next set of customs reforms is in progress after GST, adding that the country is on track to meet its fiscal goals and become a top-three economy soon

Centre to notify Labour Code rules before winter session of Parliament

The four Codes that are part of the Centres's attempts to enact labour reforms have remained stuck, with neither the Centre nor the states moving to notify them yet

India to soon become world's third-largest economy: FM Sitharaman

Finance Minister Nirmala Sitharaman said India has grown from the 10th to the 5th-largest economy since 2014 and is on track to become the third-largest in the world soon

India's exporters tap new markets to offset losses from US tariffs

India's merchandise exports grew 6.7% year-on-year to $36.38 billion in September 2025. However, shipments to the United States declined 11.9% to $5.46 billion during the same period

Oil imports from US at 4.5-yr high in Oct: Russian supply also stays strong

India's crude oil imports from the US rose to the highest level in October since March 2021 as refiners bought 593 thousand bpd of crude oil from Washington

PM Modi rolls out ₹1 trn RDI fund for 'high-risk, high-impact projects'

The nodal ministry for the RDI fund is the Department of Science and Technology (DST), which will operate through a two-tier funding structure

Reserve Bank of India's short dollar forward position up after 7 months

RBI's short dollar positions rose $6 billion in September, signalling renewed intervention in forwards to stabilise the rupee amid depreciation pressure and speculative build-up

Industry bats for long-term deals; govt aid for DAP under recoveries

Fertiliser firms expect the Centre's special package to cover under recoveries from rising DAP costs, even as global prices strain margins and import deals shape supply stability

Chandigarh, Delhi have highest share of services in GVA: NITI Aayog report

The report used 22 major states/UTs for the analysis. At the all-India level, the share of services in GVA stood at 54.5 per cent in 2023-24

Rise in new orders after GST cuts drove manufacturing PMI to 59.2 in Oct

Goods and services tax (GST) relief, productivity gains and tech investment led to a faster increase in new orders

India, EU negotiators start talks to resolve outstanding FTA issues

Issues which needs resolutions include steel, auto and EU's carbon tax

India, New Zealand begin fourth round of talks on free trade agreement

Commerce and Industry Minister Piyush Goyal will reach Auckland this week to meet his New Zealand counterpart Todd McClay to review the progress of the negotiations

MP wants to quit decentralised procurement scheme amid financial strain

Madhya Pradesh CM Mohan Yadav tells Centre delays in clearing foodgrain stocks under DCP are causing major financial losses to the state government