Page 10 - Economy
India's retail inflation breaches RBI target to hit 4.38% in June
Fuel costs lift food prices; experts don't expect rate hike
 "India's retail inflation breaches RBI target to hit 4.38% in June")
Rupee hits 1-month low as West Asia tensions, oil prices weigh on sentiment
The rupee fell to a one-month low against the US dollar as rising crude oil prices and renewed tensions in West Asia weighed on sentiment, with RBI intervention limiting losses
 "Rupee hits 1-month low as West Asia tensions, oil prices weigh on sentiment")
FM asks banks to step up NRI outreach as FCNR(B) mobilisation gathers pace
Lenders report encouraging response from Singapore, HK, Gulf, UK, US; ECB inflows seen picking up in Q3 FY27
 "FM asks banks to step up NRI outreach as FCNR(B) mobilisation gathers pace")
A new index at the factory gate: Why India's PPI matters beyond inflation
After more than two decades in the making, India's Producer Price Index is beginning to reshape industrial output, GDP measurement and the country's broader statistical framework
 "A new index at the factory gate: Why India's PPI matters beyond inflation")
UP govt offers special provisions to propel Eastern UP, Bundelkhand
Uttar Pradesh has unveiled enhanced startup and data centre incentives for Purvanchal and Bundelkhand to attract investment and support its $1 trillion economy goal
 "UP govt offers special provisions to propel Eastern UP, Bundelkhand")
Russian crude discounts, high freight stall India's return to West Asia oil
Record tanker freight rates, opaque Iranian supply channels and sharply higher discounts on Russian crude have kept Indian refiners reliant on Russia despite the revival of West Asian supplies
 "Russian crude discounts, high freight stall India's return to West Asia oil")
Framework for India-US trade deal is ready, to be signed on right time
The official said that India is seeking a comparative advantage on the tariff front in the agreement vis-a-vis its competitor nations
 "Framework for India-US trade deal is ready, to be signed on right time")
June retail inflation marginally rises to 4.38%, food inflation at 5.32%
Food inflation in June increased to 5.32 per cent in June from 4.78 per cent in May, indicating renewed pressure on household food expenses
 "June retail inflation marginally rises to 4.38%, food inflation at 5.32%")
India, US remain fully engaged on trade pact talks, says Piyush Goyal
Goyal also said that he had a meeting with US Trade Representative Jamieson Greer here last month
 "India, US remain fully engaged on trade pact talks, says Piyush Goyal")
CERC orders renewable firms to surrender unused grid connectivity
The firms can also transfer transmission rights for their group utility that are generating but does not have connectivity to grid, an order from the Central Electricity Regulatory Commission said
 "CERC orders renewable firms to surrender unused grid connectivity")
India's exports rise 15.5% in June, trade deficit widens to $30.43 bn
During April-June this fiscal, exports increased 15.92 per cent to $129.32 billion, while imports rose 19.89 per cent to USD 216.18 billion.
 "India's exports rise 15.5% in June, trade deficit widens to $30.43 bn")
India-UK CETA: What changes for exporters and workers from July 15?
India and the UK's trade deal comes into force on July 15, lowering import duties on many Indian exports and offering social security relief for professionals
 "India-UK CETA: What changes for exporters and workers from July 15?")
Weekly policy watch: Inflation data, India-UK FTA, forex reserves in focus
India's policy calendar this week will track inflation, wholesale prices, trade agreements and forex reserves
 "Weekly policy watch: Inflation data, India-UK FTA, forex reserves in focus")
Centre starts national floor wage exercise, readies advisory board
The Centre will also constitute a Central Advisory Board (CAB), which will hold consultations before recommending the national floor wage
 "Centre starts national floor wage exercise, readies advisory board")
MCA considers global audit norms placing responsibility on group auditors
Official sources said that ICAI has expressed its concerns over the introduction of SA600 to the MCA as well
 "MCA considers global audit norms placing responsibility on group auditors")
Govt likely to interlink GeM, TReDS platforms for MSME financing
The Centre plans to integrate GeM with TReDS, enabling MSMEs to move seamlessly from government procurement to invoice financing and faster payments
 "Govt likely to interlink GeM, TReDS platforms for MSME financing")
India better prepared to handle Strait of Hormuz disruption this time
India has secured crude oil and LPG supplies for the near term, limiting the immediate impact of the renewed Strait of Hormuz closure, though prices are expected to rise
 "India better prepared to handle Strait of Hormuz disruption this time")
Odisha panchayats face fiscal reset as state adopts 16th FC reforms
Officials said the proposed measures intended to improve the financial health of local bodies and help them undertake development works with greater financial independence
 "Odisha panchayats face fiscal reset as state adopts 16th FC reforms")
BJP or BJD? Odisha's investment surge rekindles the battle for credit
Odisha's investment surge has revived debate over whether it reflects the BJP's execution or the BJD's long-built industrial foundations
 "BJP or BJD? Odisha's investment surge rekindles the battle for credit")
Statsguru: The big city wage puzzle of pay, jobs and gender gaps
India's million-plus cities offer higher wages and better job quality, but unemployment remains similar to other urban areas, with sharp gender pay gaps across cities
 "Statsguru: The big city wage puzzle of pay, jobs and gender gaps")