Page 96 - Economy & Policy News

Banks prefer direct assignment with NBFCs despite colending relaxations

Industry experts suggest that while colending volumes among NBFCs are expected to grow, driven by operational synergies and flexible structures, banks will continue to favour direct assignment

EU Parliamentary trade delegation in India to discuss FTA progress

Seven EU Parliament members to meet Indian officials, industry bodies, and civil society groups to assess progress on the India-EU free trade agreement

Russian oil import: Indian Oil says will abide by all applicable sanctions

A potential disruption in discounted Russian Urals supplies could trim Indian refiners' gross margins, with the grade making up roughly 40 per cent of their crude slate

India advances anti-dumping probe into TB drug imports from China, Thailand

The DGTR, in a statement on Monday, named Lupin as the domestic industry participant and Chinese producer Wuhan Wuyao Pharmaceuticals Co. Ltd among the foreign respondents

Rice exporters seek deals with emerging markets after strong monsoon

Rice stocks in government warehouses have surged to record levels after a series of bumper crops in recent years

India's crude oil imports rise 1.7% to three-month high in September

On a yearly basis, crude oil imports rose 6.1%, from 18.79 million tons in September 2024, data from the Petroleum Planning and Analysis Cell shows

No extra GST on tobacco; Centre plans new levy as cess period nears end

Tobacco products currently fall under the highest GST slab of 28 per cent, along with a compensation cess that varies depending on the product type

Growth outlook strong, trade diversifies amid US tariff tensions: Centre

India's trade performance for September 2025 showed early signs of diversification in export destinations, even as trade deal negotiations with the United States continue

India's maritime strength linking Indo-Pacific and Global South: Amit Shah

Shah emphasized India's maritime strength and strategic location, inviting global investors to tap into the sector's vast potential

Indian economy likely to grow faster than expected 6.6% in FY26: Poll

While a punitive 50 per cent tariff levied by the US on Indian goods is still in place, recent comments from Washington and New Delhi have raised optimism it will be reduced

A third of decade-old tax cases in High Courts haven't had a single hearing

The government has signalled its intent on reducing tax litigation in steps. A two-part series examines the state of tax litigation. The first part looks at tax cases pending for over 10 years

India's rare earth plan faces fresh hurdles as China tightens exports

India's ₹7,300 crore plan to strengthen rare earth magnet production may face delays as China restricts exports of key processing equipment, raising costs and affecting project viability

Private sector capex led the way in H1FY26 with manufacturing boost

Private investment projects constitute well over 70 per cent of the nearly ₹34 trillion of fresh investments announced in H1 this year

India needs to make a big oil and gas discovery soon: Oil Secy Pankaj Jain

Oil Secretary Pankaj Jain says India's credibility is at stake if it fails to find a major oil and gas reserve soon, urging faster, technology-driven exploration efforts

Steel industry flags price pressure from cheap imports ahead of key meet

Steelmakers seek lower logistics costs, R&D incentives, and inclusion of key alloys in critical minerals list to boost long-term competitiveness

Odisha clears ₹1.46 trillion investment proposals, including Adani project

The Adani Enterprise Limited will set up a coal-to-chemical plant at an investment of Rs 84,000 crore in Sundergarh district and generate employment for 36,000 people, an official said

Kerala will be free of extreme poverty on Nov 1: CM Pinarayi Vijayan

"Instead of a one-size-fits-all policy, the government identified 64,006 vulnerable families and created specific micro-plans for each one's unique needs," he said in the post

IMF projects Indian economy to grow at 6.6% in 2025-26, outpacing China

The IMF released its revised projections following the effects of US tariffs across various economies and the subsequent deals made between countries amid growing uncertainty

Piyush Goyal meets German industry leaders to boost Indo-German trade ties

Goyal has also met with Rene Obermann, Chairman of the Board of Directors of Airbus. Goyal was impressed by Obermann's confidence in India's growth story

India and US 'very close' to trade deal; work on legal text begins

Official says talks progressing well, both nations converging on most issues