Page 134 - Economy

India's headline inflation likely to average 3.5% in FY26: Crisil

In its research report for August, the rating agency said that healthy agricultural production is likely to keep food inflation in check

India needs big push in AI, chips to compete with US, China, says CEA

CEA V Anantha Nageswaran said that the current trade-related matters are important but they should not blind us to other challenges

India's trade dilemma: Shield farmers, textiles or risk US cotton tariffs

Losing access to the US consumer may hurt India's farm economy more than slashing its 39 per cent average tariff on imported produce

A second chance at life: Organ transplants and India's medical advancements

India's progress has been remarkable. In 2013, we performed fewer than 5,000 organ transplants annually. By 2023, that number had risen to over 18,000

India's retail inflation eases to an eight-year low of 1.55% in July

The last time the Consumer Price Index (CPI) had been this benign was in June 2017, when it recorded a 1.46 per cent uptick

Net direct tax collection down 4% to nearly ₹6.63 trillion till August 11

Net direct tax collections fell to Rs 6.63 trillion till August 11 in FY26 due to higher corporate refunds, while gross collections also declined 1.9%

High levels of Russian crude imports may not last forever, says govt

The ministry was commenting on a recommendation by the panel on imports of crude oil from Russia according to the report of the panel tabled in Parliament today

Cabinet clears over ₹18,500 crore chip, hydro power, Metro rail plans

The decisions include ₹4,600 crore for semiconductor units, ₹5,800 crore for the Lucknow Metro, and ₹8,146 crore for a hydroelectric project in Arunachal Pradesh

OilMin rejects blended fuel fears, says ethanol priced higher than petrol

Despite higher ethanol prices, India sticks to its blending mandate for energy security, farmer income, and sustainability

Andhra Pradesh CRDA proposes projects worth ₹81,317 crore for Amaravati

Chief Minister N Chandrababu Naidu reviewed the progress of Amaravati's construction at the Secretariat, in a meeting attended by Municipal Minister P. Narayana, senior officials, and contractors

Monsoon-induced supply disruptions hold key to vegetable inflation ahead

While the monsoon has been fairly normal so far, rain-induced supply disruptions and damage to standing crops in areas adjoining major cities has already started pushing up vegetable prices

MSME bodies seek urgent liquidity, faster refunds to offset US tariff hit

MSME bodies urge emergency credit, faster RoDTEP and GST refunds, and targeted relief measures to protect exporters from US tariff hikes impacting margins and employment

Over 1.67 million households benefitted under solar scheme: Govt to RS

The Ministry of New & Renewable Energy (MNRE) is implementing PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY) across the country since February 2024

No additional tariffs by US on Indian pharma, electronics so far: Govt

"No additional tariffs have been imposed on Indian exports to the US in sectors like pharmaceuticals, and electronics as yet," Prasada said

India's July inflation eases to 8-year-low at 1.55%, food prices negative

July CPI-based inflation: Food prices fell sharply as CFPI slid to -1.76%, the steepest drop since January 2019

India may miss FY26 fiscal deficit target of 4.4% on slower growth: BMI

BMI projects India's fiscal deficit to narrow to 4.5% of GDP in FY26, citing slower growth, tariff risks, and higher state spending as challenges to fiscal consolidation

Datanomics: Rise of unconditional cash transfers ahead of Bihar polls

UCT now constitutes 0.87 per cent of the gross domestic product (GDP), outpacing both MGNREGA and food subsidies shares in the economy

Gas reserves dwindling, future lies with solar energy: Tripura power min

'Power generation is reducing due to a shortage of gas supply to these plants. We have to understand that the gas reserves in the state is dwindling with every passing day,' Ratan Lal Nath said

Donald Trump tariff woes keep rupee near record low despite weak dollar

Higher tariffs threaten India's export earnings, curbing forex inflows and thus boosting dollar demand in the local market

Confident of 6th round of India-US trade talks: Officials to House panel

Officials told a parliamentary panel that India-US ties go beyond trade, denied halting defence purchases, and expressed confidence the sixth BTA talks will proceed