Page 132 - Economy
How Trump's tariffs threaten crisis for India's textile, apparel industry
Unless the country can leverage its raw material advantage and new trade deals
 "How Trump's tariffs threaten crisis for India's textile, apparel industry")
Experts split on impact of new US tariffs on India's jobs, exports
Sectors like textiles, auto components, agriculture, and gems and jewellery are the most vulnerable, with MSMEs bearing the brunt, Genius HRTech founder, chairman and managing director R P Yadav said
 "Experts split on impact of new US tariffs on India's jobs, exports")
Proposed GST rate tweaks on automobiles may end classification disputes
The total tax incidence on cars, depending on engine capacity and length, ranges from 29 per cent for small petrol cars to 50 per cent for SUVs
 "Proposed GST rate tweaks on automobiles may end classification disputes")
US-India bilateral trade talks scheduled from August 25 called off: Report
The current round of negotiations for the proposed bilateral trade agreement is now likely to be deferred to another date that has yet to be decided
 "US-India bilateral trade talks scheduled from August 25 called off: Report")
India should join RCEP, focus on East Asia for GDP growth: Jeffrey Sachs
Sachs said that India could target 7 per cent GDP growth in the coming decade by focusing on East Asia
 "India should join RCEP, focus on East Asia for GDP growth: Jeffrey Sachs")
Two-slab 'Next Gen GST' to pay way for single tax rate by 2047: Centre
The proposed two-slab regime, if approved by the GST Council, will replace the current four slabs in the goods and services tax (GST) regime, doing away with the 12 per cent and 28 per cent slabs
 "Two-slab 'Next Gen GST' to pay way for single tax rate by 2047: Centre")
GST revamp brings price cuts on ACs, mobiles. Check full list of items
PM Modi announced new GST rates as a Diwali gift, cutting prices on many goods. ACs, snacks, mobiles, soaps and cement will get cheaper. Check full list of items here
 "GST revamp brings price cuts on ACs, mobiles. Check full list of items")
S&P raises credit ratings of SBI, HDFC Bank, Tata Capital, 7 other firms
S&P Global upgraded ratings of 10 Indian banks and finance firms, including SBI, HDFC Bank and Tata Capital, a day after raising India's sovereign credit rating to BBB
 "S&P raises credit ratings of SBI, HDFC Bank, Tata Capital, 7 other firms")
Trump hints US could hold back secondary tariffs on India over Russian oil
US President Donald Trump said the US may not add extra tariffs on India for buying Russian oil, leaving room for change of plans after India faced 50 per cent tariffs
 "Trump hints US could hold back secondary tariffs on India over Russian oil")
'Double Diwali': Rejigged rates, red tape cuts to define GST 2.0
The proposal was announced by the prime minister Narendra Modi from the ramparts of the Red Fort in his independence day speech as a Diwali gift
 "'Double Diwali': Rejigged rates, red tape cuts to define GST 2.0")
Youth getting first job in private sector to get ₹15,000 support: PM Modi
The scheme, earlier known as Employment Linked Incentive (ELI) scheme, was announced in the Union budget last year
 "Youth getting first job in private sector to get ₹15,000 support: PM Modi")
Have right to label content when it enters public domain: Priyank Kharge
The fake news bill is under review, with an expert-only panel and public consultation planned before finalising provisions, says Karnataka IT minister Priyank Kharge
 "Have right to label content when it enters public domain: Priyank Kharge")
India's foreign exchange reserves rise by $4.7 billion to $693 billion
India's foreign exchange reserves rose by $4.7 billion to $693 billion for the week ending August 8, boosted by an increase in foreign currency assets, gold reserves, and IMF holdings
 "India's foreign exchange reserves rise by $4.7 billion to $693 billion")
Next round of India-Asean trade pact review talks in October in Jakarta
The bilateral trade reached $123 billion in 2024-25, reflecting the strong economic ties between the two sides and creating opportunities for enhanced cooperation in the years ahead, it said
 "Next round of India-Asean trade pact review talks in October in Jakarta")
Rupee's REER eases to 100.36 in June as currency weakens against peers
The rupee's real effective exchange rate fell to 100.36 in June from 101.12 in May, signalling a weaker currency against a basket of 40 trading partner currencies after adjusting for inflation
 "Rupee's REER eases to 100.36 in June as currency weakens against peers")
India facing tough choices in responding to steep Trump tariffs: GTRI
GTRI said that India marks its Independence Day this year under the shadow of a bruising trade confrontation with Washington
 "India facing tough choices in responding to steep Trump tariffs: GTRI")
PM Modi urges swadeshi, unveils GST reforms and Rs 1 trillion jobs plan
In his 79th Independence Day address, PM Modi called for a swadeshi push, announced GST reforms, a Rs 1 trillion jobs scheme, and self-reliance measures in energy and defence
 "PM Modi urges swadeshi, unveils GST reforms and Rs 1 trillion jobs plan")
Tariff turbulence: Surat's diamond industry faces third crisis in 17 years
The industry still says India will continue to be the preferred hub for diamond polishing because of its skill base and manpower
 "Tariff turbulence: Surat's diamond industry faces third crisis in 17 years")
India's trade deficit widens to eight-month high of $27.35 billion in July
Pre-tariff rush to US lifts exports by 7% in July
 "India's trade deficit widens to eight-month high of $27.35 billion in July")
India-US trade talks hinge on Trump-Putin meet amid tariff tensions
Clarity on the American negotiating team's India visit will follow the Trump-Putin meeting in Alaska, with tariff disputes and unresolved trade issues in focus
 "India-US trade talks hinge on Trump-Putin meet amid tariff tensions")