Page 107 - Economy

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

Industrial classification set for a makeover, in line with new-age economy

An overhaul of the National Industrial Classification framework seeks to include multiple new activities that better capture a changing economy, data from which is expected to help policymaking

Will support brownfield projects with 25% of ₹8.2K cr fund: Shipping secy

Financial aid, cluster development, and credit note scheme aim to modernize Indian shipyards

Cos keen to invest ₹15K cr in greenfield shipbuilding clusters: Sonowal

Several existing Indian shipyards on both the east and west coasts have come forward to seek assistance under the brownfield capacity expansion program, says Sonowal

Russian crude oil imports this month likely to exceed August level

India imported 1.63 million barrels of crude oil from Russia until September 24, as against 1.71 million barrels per day (bpd) in August

Green H2 production cost to fall below $3 per kg soon: Hardeep Singh Puri

The government has awarded 900,000 tonnes per annum production capacity of green hydrogen to 19 companies under the National Green Hydrogen Mission

Centre earmarks 65% MGNREGA funds for over-exploited water blocks

The rural development and Jal Shakti ministries has directed allocation of 65% of MGNREGA funds to over-exploited water blocks and 40% to semi-critical zones under a new water security plan

Rajasthan govt plans to boost tourism in lesser-known destinations

The official said that tourism infrastructure plays a vital role in shaping the tourists' experience as it serves as a fundamental element of their overall enjoyment of a destination

GSTAT mandates e-filing of appeals, sets staggered deadlines till June 2026

GSTAT has mandated e-filing of appeals via its new NIC-built portal, setting staggered deadlines till June 30, 2026, to avoid congestion and prioritise older cases

Exporters welcome mandatory APEDA registration for non-basmati rice

Exporters welcomed India's decision to make APEDA registration mandatory for non-basmati rice exports, saying it will aid transparency with minimal cost impact on trade