Page 106 - Economy
India's pharma exports unlikely to be affected amid Tylenol debate: Experts
Data shows India's paracetamol exports to the US are modest, accounting for less than one per cent of API shipments, despite global attention on the Tylenol controversy
 "India's pharma exports unlikely to be affected amid Tylenol debate: Experts")
US commerce secy calls for India to open mkts, stop actions harming America
Lutnick said that India must open its markets and take actions that would not 'harm' the US
 "US commerce secy calls for India to open mkts, stop actions harming America")
PNGRB proposes LPG portability, allowing users to switch suppliers
Oil regulator PNGRB has invited stakeholder and consumer comments on the LPG Interoperability Framework
 "PNGRB proposes LPG portability, allowing users to switch suppliers")
Experts flag tax credit blockage for FMCG distributors despite GST relief
The industry may push for a new refund mechanism, but this would be difficult for the government to allow, given the high risk of misuse
 "Experts flag tax credit blockage for FMCG distributors despite GST relief")
FM Sitharaman to inaugurate 4th Kautilya Economic Conclave 2025 on Oct 3
External Affairs Minister S Jaishankar will close the proceedings with reflections on India's foreign and economic policy on October 5
 "FM Sitharaman to inaugurate 4th Kautilya Economic Conclave 2025 on Oct 3")
US tariffs on Indian goods pose major growth risks: Crisil Intelligence
The report said consumer price index (CPI) inflation is likely to soften to 3.5 per cent in the current fiscal from 4.6 per cent in the previous year
 "US tariffs on Indian goods pose major growth risks: Crisil Intelligence")
Heart failure, devices and transplants: Benefits and possibilities
Over the past decade, India's cardiovascular device market has grown into a significant health-tech segment with an estimated value of $1.55 bn and projected to reach $2.34 bn by 2030
 "Heart failure, devices and transplants: Benefits and possibilities")
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
 "India may import US corn for ethanol production as trade talks advance")
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
 "Strong global interest in industrial cities: NICDC chief 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
 "Indian pharma firms likely to dodge immediate impact of Trump's tariff")
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
 "Villages now lead India's manufacturing output, urban share falls below 50%")
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
 "Reforms to boost growth, but tariff suspense a risk, says FinMin")
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
 "No international sanctions on buying Russian crude, says Hardeep Singh Puri")
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
 "India and US discuss contours of trade deal; seek early conclusion")
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
 "Work in full swing on ₹1 trillion port connectivity projects: Nitin Gadkari")
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.
 "GST rate cuts likely to ease inflation, boost growth, says FinMin 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's foreign exchange reserves increase by $396 million to $702 billion")
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
 "India, Russia look to strengthen balanced bilateral agriculture trade")
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
 "Maharashtra plans ₹70,000 cr push to boost affordable housing by 2030")
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
 "ESIC enrols 2.3 million new employees under ESI scheme in July 2025")