Page 98 - Economy & Policy News

India surpasses $20 bn in cumulative, new investment commitments in AI

Stanford AI Index Report in 2025 said India's cumulative private investment in AI from 2013 to 2024 was at $11.1 billion in 2024 (adding the government's, it is $12.3 billion)

NRI deposit inflows dip to $4.7 billion in April-July, shows RBI data

This decline was primarily because of reduced inflows into Foreign Currency Non-Resident (Bank) [FCNR (B)] deposits

Rupee dips 4.36% in Samvat 2081 as trade tensions weigh, bonds gain

Global tariff disputes and foreign outflows pressured the rupee, while RBI's 100-basis-point rate cuts and liquidity measures helped bond yields soften during the year

India resilient but not immune to global headwinds, says RBI report

RBI's State of the Economy report highlights India's macro strength despite global volatility; notes negative FDI inflows and rising policy uncertainty worldwide

RBI sold $7.6 bn in August amid rupee pressure; Reer falls to 97.6

The central bank remained a net dollar seller for the fourth straight month as the rupee weakened; REER slipped further, signalling lower currency competitiveness

Trump vows to keep massive tariffs on India until Russian oil imports cease

"I spoke with Prime Minister Modi of India, and he said he's not going to be doing the Russian oil thing," Trump told reporters aboard Air Force One

Russia continues oil shipments to India, TASS cites foreign ministry

Trump reiterated that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not do so

Trump tariffs may cost firms $1.2 trn, consumers to bear burden: S&P Global

S&P Global report states that two-thirds of the total additional cost will be passed on to the consumers via higher prices, while one-third ($315 billion) is absorbed internally through lower earnings

Making progress in trade negotiations with US amid tariff tensions: Govt

The two sides have narrowed their differences on trade-related matters, an Indian official told reporters in New Delhi on Saturday, asking not to be identified as the discussions are private

'India won't buy Russian oil': Trump repeats claims of speaking to PM Modi

Trump reiterated that PM Modi assured India would not buy Russian oil now, despite New Delhi dismissing his claims; Trump added New Delhi would continue paying 'massive' tariffs otherwise

50% Trump tariffs: Call on support measures hinges on trade deal

Both countries are negotiating a comprehensive resolution that addresses both the pending issues in their trade deal and Washington's concerns over New Delhi's continued purchase of Russian oil

India bullish on resolving all free trade agreement issues with Asean

Both sides exchange fresh proposals to iron out pending issues; review of 2010 trade pact likely to conclude by year-end as India seeks to narrow trade deficit

Centre sets timelines to speed up work on auctioned mineral blocks

The amendment sets clear milestones between the issuance of the letter of intent (LoI) and the execution of mining leases, with penalties for delays and incentives for early production

India's exports to US decline, non-US markets show strength: Crisil

Crisil cautioned that India's merchandise exports are facing headwinds from the US tariff hikes and a broader slowdown in global growth

GST reforms drive record festive demand, says FM Nirmala Sitharaman

She said this marginal deviation was due to cases where input taxes remained higher than output rates, leading to small adjustments before products reach consumers

India-US trade deal: 'Not too many differences between both sides'

On Wednesday, Agrawal had said that India is looking for a "win-win solution" for both sides in its trade talks with the US that would also address the "tariff issue"

India to record positive export growth in current financial year: Goyal

Piyush Goyal said that the country's overall goods and services exports grew by about 5 per cent to $413.3 billion during April-September period of the financial year 2025-26

Retail inflation for farm and rural workers shows easing in September

The Food Index decreased by 0.47 points for Agricultural Labourers (AL) and 0.58 points for Rural Labourers (RL) in September 2025

Credit growth inches up to 11.4% in October 3 fortnight: RBI data

Data from the RBI show outstanding credit in the system stood at Rs 192.66 trillion, while deposits stood at Rs 240.98 trillion.

Bullion over bling: Dhanteras buyers rush for coins, bars as gold soars

In Mumbai's bustling jewellery district, stores are packed, with many customers coming in to buy or book gold and silver coins and bars as both festival and investment purchases