Page 129 - Economy

India Post to temporarily suspend parcel services to US from Aug 25

Letters, documents, gift items up to $100 to continue

Kerala govt approves fresh DA, DR hike for state employees, pensioners

The move is expected to add about Rs 2000 crore to the state's annual spending

India, Australia conclude 11th round of talks for comprehensive trade pact

The two countries have implemented an interim trade deal in December 2022, and are now in negotiations to widen its scope into a Comprehensive Economic Cooperation Agreement

India can explore alternative seafood markets to blunt tariffs: MPEDA chief

Swamy noted that the country's marine products sector has repeatedly shown resilience in the face of crises

Centre to set up mineral trading exchange, says Union Minister Kishan Reddy

"Like the London Metal Exchange, we are going to set up a mineral exchange in India," Union Coal and Mines Minister G Kishan Reddy said

India Post temporarily suspends services to US over customs rule confusion

People can still send letters, documents, and gift items worth up to $100

Private sector refiners gain big from India's Russian crude oil savings

Unlike their public-sector counterparts, private players export a large portion of their output to Europe and Asia at lucrative prices

India shifts focus to EU as US tariffs stall bilateral trade negotiations

With US tariffs squeezing exports and trade talks stalled, India banks on the UK FTA to push forward EU negotiations, covering autos, wines, procurement and digital trade

India's GDP growth in Q1FY26 likely eased after March-quarter high

Indicators give mixed signals ahead of 50% Trump tariffs

Rupee weakens tracking rise in dollar index ahead of Powell's speech

The rupee depreciated by 0.3% as the dollar strengthened, amid concerns over upcoming US tariffs and ahead of Jerome Powell's speech at Jackson Hole

Non-trade issues making FTAs more complex: Commerce Secy Sunil Barthwal

India's free trade agreements are evolving, incorporating new areas like labour, environment, and intellectual property. Barthwal highlighted the complexity of India's deals with the EU and UK.

GST Council to meet on Sep 3-4 to discuss key reforms in tax system

The 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, will discuss major reforms, including rate rationalisation and compensation cess.

Centenary of 'Father of Green Revolution' who worried about its future

MS Swaminathan's contributions extend far beyond the Green Revolution

GST cuts could make Indian hospitality globally competitive: Industry body

It will ensure competitiveness vis--vis other international destinations and help in achieving India's goal of attracting 100 million foreign tourists annually by 2047, HAI said in a statement

India, Brazil looking to strengthen oil ties amid high US tariffs: Report

Amid rising US tariffs on Russian oil, India and Brazil are exploring new opportunities to boost crude trade, with India seeking alternatives to Russian oil and Brazil eyeing new markets

Road to Russia-Ukraine peace goes through Delhi: US Trade Adviser Navarro

White House trade adviser Navarro also said that New Delhi is acting as a "laundromat for the Kremlin" by purchasing discounted Russian crude oil, refining it, and selling the products

US tariffs, China reliance thwarting India's $7 trillion solar prize

India's economic growth and rapidly accelerating electricity consumption are helping to propel a local solar industry that's forecast to become second in size only to China by the mid-2030s

RBI floats discussion paper to review inflation targeting framework

RBI has launched a discussion paper to review its inflation targeting framework, focusing on the core vs headline inflation debate, the 4% target, and tolerance band before next review in March 2026

GoM backs GST rejig; states flag risk to revenue ahead of Council meet

GST Council likely to take up proposal in September; rate cuts expected in October

Future policy actions dependent on growth-inflation dynamics: Nagesh Kumar

Hopefully, the penal tariffs for Russian oil purchase will be withdrawn, and the ongoing bilateral trade negotiations will succeed in eventually bringing down the US tariffs on Indian exports to more