Page 103 - Economy

Rupee hits fresh closing low of 88.76 on outflows, US dollar demand

The rupee closed at 88.76 per dollar, weighed by foreign outflows and corporate demand, even as RBI intervention capped losses; bond yields rose on higher borrowing

Govt's Q&A on GST refund due to inverted duty rates is controversial

Para 4.26(ii) of FTP says that 'merchant exporter shall be required to mention name and address of supporting manufacturer of the export product on the export document viz. Shipping Bill/ Bill of Expo

Moody's keeps India rating at Baa3 with stable outlook, flags fiscal risk

Moody's affirmed India's sovereign rating at Baa3 with a stable outlook, citing growth and external resilience but warning that high debt and weak affordability persist

DGTR initiates probe into import of solar cell component from China

The applicant has alleged that the industry is impacted due to the dumped imports of "Solar Encapsulants, excluding EVA Encapsulants" from China

India, Bhutan to establish first rail link with ₹4,033 cr outlay over 3 yrs

India and Bhutan will build Rs 4,033 crore rail links from Gelephu and Samtse within three years, connecting to Indian Railways to strengthen trade, cargo and passenger movement

October MPC meet begins today: Repo rate, inflation outlook, and more

After slashing repo rates for three consecutive months since February, the MPC kept the rate unchanged at 5.5 per cent in August

Uttar Pradesh on an unstoppable growth trajectory, says Piyush Goyal

The minister was speaking at the Uttar Pradesh International Trade Show 2025 at India Expo Mart and Centre in Greater Noida, on Monday

India's vigorous new foreign policy playbook amid Trump tariff shock

The hefty tariffs slapped by Donald Trump have prompted New Delhi to double down on multipolarity, the new buzzword in international relations. This took PM Modi to rarely visited countries by leaders

EFTA to come into effect from Oct 1, negotiating FTAs with others: Goyal

The EFTA bloc comprises four nations - Iceland, Switzerland, Norway and Liechtenstein. The deal was signed in March last year but will kick in from Thursday

India bets on EFTA, UK FTAs to offset US tariff hit on marine exports

Officials told a parliamentary panel that India's FTAs with EFTA and the UK will ease the impact of US tariffs on marine exports, while diversifying markets beyond America

GST reforms will boost market purchasing and economy: MoS Chaudhary

Minister of State for Finance Pankaj Chaudhary said the impact of these reforms will be known in the next four to six months

Govt to install solar pumps in Jaipur district farms to boost power supply

Chief Minister Bhajan Lal Sharma has pledged to provide electricity to the state's farmers during the day for agricultural work by 2027

India's industrial production grows 4% in August, shows govt data

While the manufacturing sector recorded growth of 3.8 per cent in August, the electricity sector grew by 4.1 per cent, and the mining sector registered 6.0 per cent growth during the same period

Moody's retains India's rating at 'Baa3', maintains a stable outlook

The global rating agency also affirmed India's other short-term local-currency rating at P-3

EY raises India's GDP forecast to 6.7%; recommends diversifying markets

The 7.8 per cent GDP growth in the June quarter outperformed the Reserve Bank of India's expectation of 6.5 per cent growth during the August monetary policy meeting

Tariff uncertainties may spur rise in third-party pharma manufacturing

Analysts say Indian drugmakers may lean on CDMOs, US plants and diversification to safeguard high-value products as Trump's 100% tariff threat looms over patented drugs

RBI's MPC expected to keep repo rate unchanged: Business Standard poll

The domestic rate-setting panel kept the policy repo rate unchanged in August after a 50 basis points cut in June

India gears up to embrace carbon market plans to counter climate criticism

Emissions targets have been announced till 2027, and a new set of targets and sectors will be finalised in FY27 for the FY28-30 period

Shipbuilding dreams: Subsidies to help but shipyards must be competitive

Almost 90% of global cargo moves through the oceans with China, South Korea and Japan dominating the ship building industry aided by considerable support from their governments

India-EFTA agreement set to be launched on October 1 after long wait

India's first European trade deal ensures $100 bn investment, tariff cuts, and potential for 1 million jobs over 15 years