Page 136 - Economy
India, Oman free trade agreement likely to be announced soon, says official
The trade pact text is being translated into Arabic in Oman. After that, the cabinets of both countries will approve the agreement, according to the official.
 "India, Oman free trade agreement likely to be announced soon, says official")
Datanomics: Bank fraud accounts for 30% of cases investigated by ED
The number of fraud cases investigated by the ED has been steadily increasing, over a decade till 2024
 "Datanomics: Bank fraud accounts for 30% of cases investigated by ED")
India's forex reserves fall $9.3 bn on RBI dollar sales, revaluation
India's forex reserves drop to $688 billion amid heavy RBI dollar sales and revaluation losses as rupee weakens past 87 per dollar following US tariff action
 "India's forex reserves fall $9.3 bn on RBI dollar sales, revaluation")
US tariff shock puts Indian MSMEs at risk, industry seeks govt support
MSMEs, which drive 45% of India's exports, warn of a $30 bn blow as US imposes steep tariffs; industry calls for urgent support and export market diversification
 "US tariff shock puts Indian MSMEs at risk, industry seeks govt support")
Nudging more states to mandate procurement through GeM, says CEO
In 2024-25, about 10.5 per cent of the total government procurements worth ₹5.42 trillion carried out through the GeM portal were from States
 "Nudging more states to mandate procurement through GeM, says CEO")
Trump signals no more trade talks, Piyush Goyal says parleys still on
Commerce minister confident India's FY26 exports will exceed last year's tally
 "Trump signals no more trade talks, Piyush Goyal says parleys still on")
Indian economy is robust: Arvind Panagariya counters Donald Trump's jibe
Trump later imposed 50 per cent tariff on Indian goods imported to the US with a brief exemption list
 "Indian economy is robust: Arvind Panagariya counters Donald Trump's jibe")
India will emerge stronger amid US tariffs, says Goyal as trade talks go on
Commerce Minister Piyush Goyal said India is in negotiations with the US, EU and others for trade agreements, aiming to exceed last year's $825 bn exports despite tariff challenges
 "India will emerge stronger amid US tariffs, says Goyal as trade talks go on")
Govt targets 1K patents in critical minerals by 2031 under national mission
National Critical Mineral Mission to support innovation in exploration, processing, and recycling of key minerals to boost domestic tech and reduce import dependence
 "Govt targets 1K patents in critical minerals by 2031 under national mission")
Trump tariffs raise alarm, but how dependent is India on US imports
India's exposure to US imports is limited, but sectors like aerospace, LNG, and high-end tech remain strategically vulnerable
 "Trump tariffs raise alarm, but how dependent is India on US imports")
Money changers demand relief as accounts frozen over suspicious transfers
The industry body for foreign exchange providers, or money-changers, says accounts of members are being frozen on suspicion of proceeds received unknowingly from fraudsters through multi-layering of f
 "Money changers demand relief as accounts frozen over suspicious transfers")
India's GDP growth may dip to 6% in FY26 if 50% tariffs imposed: Moody's
On August 6, the US announced an additional 25 per cent tariff on all Indian imports, in addition to an existing 25 per cent duty, taking the total duty to 50 per cent effective August 27
 "India's GDP growth may dip to 6% in FY26 if 50% tariffs imposed: Moody's")
5 years of NEP 2020: Time for a bold leap in school health and wellness
Five years on, new realities have emerged, ones that demand urgent attention. And the time has come to revisit the policy's implementation with courage and clarity
 "5 years of NEP 2020: Time for a bold leap in school health and wellness")
Committee on MSP held 45 meetings so far, says agriculture minister
The committee was established in July 2022, eight months after the government promised to set up such a panel while withdrawing the three contentious farm laws
 "Committee on MSP held 45 meetings so far, says agriculture minister")
FTAs may give India a share in $875 bn imports to EU, UK from China: BCG
India is uniquely positioned to benefit from this realignment, leveraging its strategic location, large domestic consumption base, favourable demographics
US links India tariff hike to 'national security' over Russian oil imports
White House Trade Adviser Peter Navarro links extra 25% tariffs on India to its refusal to stop buying Russian oil, calling it a national security threat amid ongoing US-India trade tensions
 "US links India tariff hike to 'national security' over Russian oil imports")
How the US chose not to bully China but singled out India in trade war
The Indian establishment, which largely welcomed Trump's ascent to power and genuinely believed that the two were on the cusp of a mutually beneficial deal, seems somewhat shell-shocked
 "How the US chose not to bully China but singled out India in trade war")
India inflation likely dropped to an eight-year low in July: Poll
The RBI left rates unchanged at 5.50%, as expected, on Wednesday and said the inflation outlook was 'more benign'
 "India inflation likely dropped to an eight-year low in July: Poll")
Trump's 50% tariff on Indian imports is a US sanction in disguise
A sanction masquerading as tariff is just Trump being innovative
 "Trump's 50% tariff on Indian imports is a US sanction in disguise")
US tariff impact: India's FY26 GDP growth likely to take 60-bp hit
Economists expect India's FY26 GDP to face a 35-60 bps hit from US tariff hike; strong domestic demand may cushion the blow but targeted support may be needed
 "US tariff impact: India's FY26 GDP growth likely to take 60-bp hit")