Page 105 - Economy

India may import US corn for ethanol production as trade talks advance

New Delhi seeks removal of punitive tariffs on Russian oil purchases as Washington pushes soybean and corn sales, with both sides aiming to seal a trade pact by fall

Strong global interest in industrial cities: NICDC chief Rajat Kumar Saini

East Asian and European investors keen to engage with infrastructure programme, says Rajat Kumar Saini

Indian pharma firms likely to dodge immediate impact of Trump's tariff

Trump's 100% tariffs on branded drugs will spare Indian generics, though analysts see exposure for Sun Pharma, Biocon and Aurobindo, with Jubilant Pharmova set to benefit

Villages now lead India's manufacturing output, urban share falls below 50%

The latest Annual Survey of Industries 2023-24 shows that it was at 49.5 per cent, the fourth year in a row that urban areas have been a minority contributor to manufacturing output

Reforms to boost growth, but tariff suspense a risk, says FinMin

Finance ministry warns tariff risks could hit jobs and consumption, while GST rationalisation and reforms are seen as key to sustaining India's growth amid global uncertainties

No international sanctions on buying Russian crude, says Hardeep Singh Puri

Petroleum Minister Hardeep Singh Puri said India will keep importing Russian oil as no sanctions ban such purchases, while stressing PSU oil firms are profitable but undervalued

India and US discuss contours of trade deal; seek early conclusion

Commerce Minister Piyush Goyal led a delegation to New York, where India and the US discussed contours of a trade deal and agreed to work towards an early conclusion despite oil-related hurdles

Work in full swing on ₹1 trillion port connectivity projects: Nitin Gadkari

Nitin Gadkari said multiple port connectivity projects covering 2,700 km will draw ₹1 trillion investment by 2030, while expressway and ropeway projects also progress

GST rate cuts likely to ease inflation, boost growth, says FinMin report

Recent GST rate cuts will help lower inflation over the next year and also bring a further upside bias to the country's growth prospects, the Finance Ministry said in its monthly report.

India's foreign exchange reserves increase by $396 million to $702 billion

The reserves had hit a record high of $705 billion in September 2024

India, Russia look to strengthen balanced bilateral agriculture trade

Russian Deputy Prime Minister Dmitry Patrushev met Agriculture Minister Shivraj Singh Chouhan as both nations discussed trade barriers, fertiliser and oil imports, and wider farm cooperation

Maharashtra plans ₹70,000 cr push to boost affordable housing by 2030

Maharashtra will invest Rs 70,000 crore under the 2025 housing policy to build 3.5 million affordable homes by 2030, focusing on Mumbai Metropolitan Region and Pune

ESIC enrols 2.3 million new employees under ESI scheme in July 2025

As many as 31,146 new establishments have been brought under the social security ambit of the ESI Scheme in July, ensuring social security to more workers, the statement stated

Italian dy PM confirms support for finalisation of FTA between EU, India

The European Union (EU) is India's second-largest trading partner, accounting for trade in goods worth EUR 120 billion in 2024, or 11.5 per cent of India's total trade

Russian Deputy PM meets PM Modi, discusses agriculture and food sector ties

PM Modi conveyed his warm greetings to President Vladimir Putin and said that he looked forward to welcoming him to India for the 23rd India-Russia Annual Summit

India, US make 'progress' for joint trade-oil deal as talks move forward

Chief negotiator returns from New York after fresh parleys

Rupee undervalued among peers, REER at lowest level since February 2019

The rupee's REER fell to 98.79 in July, the lowest since February 2019, with RBI easing intervention as FII outflows, rising imports and weak sentiment pressure the currency

World Food India: Govt expects ₹1 trn investment in food processing sector

World Food India 2025 is set to draw over Rs 1 trillion in investments, with Reliance, Coca-Cola, Amul and Olam Foods signing MoUs worth Rs 75,000 crore on the opening day

GST cut will give impetus to demand: Tata Consumer's Sunil D'Souza

Tata Consumer MD Sunil D'Souza says GST cuts and increased government spending will put more money in consumers' hands, boosting demand and driving long-term growth

20 states spent 27% of capital expenditure in April-August: CAG data

States spent 27% of FY26 budgeted capex in April-August, with Telangana leading and Tripura lagging, even as rising borrowings raise fiscal concerns