Page 133 - Economy
India remains fully engaged with US on trade negotiations: Commerce Secy
Barthwal said that Washington is a very important trade partner for New Delhi. A US delegation is scheduled to arrive in New Delhi for the next round of negotiations on August 25
 "India remains fully engaged with US on trade negotiations: Commerce Secy")
Exports rise 7.29% to $37.24 bn in July; trade deficit at $27.35 bn
Trade deficit widened to $27.35 billion in July, the highest since November last year when the trade gap was $31.77 billion
 "Exports rise 7.29% to $37.24 bn in July; trade deficit at $27.35 bn")
US tariff hike could pressure India's economy and banks, says CreditSights
India and the US have held five rounds of trade negotiations, with the sixth round scheduled later this month in India
 "US tariff hike could pressure India's economy and banks, says CreditSights")
Indian solar panel exporters on edge as US launches anti-dumping probe
US initiates anti-dumping and countervailing duty investigations on Indian solar exports, adding pressure to shipments already facing 50% tariffs
 "Indian solar panel exporters on edge as US launches anti-dumping probe")
Rural demand continued to outpace urban in April-June period: NielsenIQ
India's FMCG market grew 13.9% in April-June, driven by rural demand, smaller packs, and e-commerce gains in metros, even as urban recovery narrowed the rural-urban gap
 "Rural demand continued to outpace urban in April-June period: NielsenIQ")
Indian refiners scour globe for more oil ahead of Trump-Putin summit
India's state processors have bought large volumes of non-Russian crude this week for prompt September-October delivery
 "Indian refiners scour globe for more oil ahead of Trump-Putin summit")
India among fastest growing economies: JSW chairman Sajjan Jindal
Jindal said India is the fastest growing large economy and has a great future ahead
 "India among fastest growing economies: JSW chairman Sajjan Jindal")
India's forex to rise despite RBI support, swap maturity, say economists
A $5 billion dollar/rupee swap by the RBI matured that week, with bankers saying the central bank delivered the swap, a move that is a drain on reserves
 "India's forex to rise despite RBI support, swap maturity, say economists")
WPI inflation dips for 2nd month, hits 25-month low of -0.58% in July
The negative rate of inflation in July is primarily due to a decrease in prices of food articles, mineral oils, crude petroleum and natural gas, manufacture of basic metals
 "WPI inflation dips for 2nd month, hits 25-month low of -0.58% in July")
WPI inflation remains negative for second month at (-) 0.58% in July
WPI-based inflation was (-) 0.13 per cent in June. It was 2.10 per cent in July last year
 "WPI inflation remains negative for second month at (-) 0.58% in July")
Trump's 50% trade tariff threatens India's manufacturing ambitions
Trump's move would give India the highest tariff rate in Asia, threatening a manufacturing sector that Prime Minister Narendra Modi has spent a decade trying to build
 "Trump's 50% trade tariff threatens India's manufacturing ambitions")
Govt plans ₹25,000 cr export support mission to counter US tariff impact
Commerce ministry readies WTO-compliant schemes to aid exporters, diversify markets, and ease trade finance amid rising US tariffs
 "Govt plans ₹25,000 cr export support mission to counter US tariff impact")
Bessent warns of higher secondary tariff on India, asks EU to join hands
Earlier in an interview with Fox Business, Bessent said India has been a "bit recalcitrant" on trade negotiations with the US
 "Bessent warns of higher secondary tariff on India, asks EU to join hands")
Howrah foundries rush to export extra shipments to beat looming US tariffs
Saha is oblivious to the tug-of-war over tariffs. He is simply racing to meet a tight deadline for orders bound for the United States -- a story repeated across the export-focused units of Howrah
 "Howrah foundries rush to export extra shipments to beat looming US tariffs")
Expect an income tax refund rush as new law approaches implementation
These refunds, reckoned to be close to ₹1,000 crore, largely relate to tax demand cases in which taxpayers had secured favourable orders from appellate authorities
 "Expect an income tax refund rush as new law approaches implementation")
Rupee posts biggest single-day gain in over a month on Fed rate cut hopes
Rupee strengthens 0.46% to 87.44/$, buoyed by weaker dollar, falling CPI, and gains in Indian equities and Asian currencies
India achieves 100 GW solar PV module capacity under ALMM: MNRE
Solar PV manufacturing under MNRE's quality-assured ALMM norms grows from 2.3 GW in 2014 to 100 GW, with 100 firms now operating 123 units nationwide
 "India achieves 100 GW solar PV module capacity under ALMM: MNRE")
India has growth potential: IKEA CEO at first Delhi store opening
India is among the top 10 markets in the sourcing countries list, from where it is procuring products worth around 400 million euros for its global retail operations
 "India has growth potential: IKEA CEO at first Delhi store opening")
China to continue anti-dumping tariff on Indian fibre optic products
China first imposed the tariffs in 2014 and had extended them in August 2020
 "China to continue anti-dumping tariff on Indian fibre optic products")
Govt likely to allow private cos to mine uranium to help nuclear expansion
Prime Minister Narendra Modi's government plans to expand nuclear power production capacity by 12 times by 2047
 "Govt likely to allow private cos to mine uranium to help nuclear expansion")