Page 138 - Economy
Reliance flags crude supply risks amid US tariff blow on Indian exports
Reliance warns of refining margin pressure as US doubles tariffs on Indian goods to 50 per cent over Russian oil imports; 25 per cent came into effect on Thursday, second 25 per cent begins August 27
 "Reliance flags crude supply risks amid US tariff blow on Indian exports")
World is witnessing trade policy dislocation, says finance ministry
Presence of risks to world economy make medium term fiscal projections difficult, the ministry emphasised
 "World is witnessing trade policy dislocation, says finance ministry")
Trump's tariff hike could shave 0.3 pp off India's GDP: Goldman Sachs
India condemns new 25% duty on exports; total levy now at 50%; analysts expect talks before August 27 deadline
 "Trump's tariff hike could shave 0.3 pp off India's GDP: Goldman Sachs")
Trump's first tranche of 25% tariffs on Indian imports take effect
The US imposes 25 per cent tariff on Indian imports from August 7; second 25 per cent duty over Russian oil trade kicks in August 27, raising total tariff to 50 per cent - highest among US partners
 "Trump's first tranche of 25% tariffs on Indian imports take effect")
India slams US 25% tariff as 'unfair, unjustified and unreasonable'
MEA says US move to impose 25% tariff on Indian goods over Russian oil imports is "extremely unfortunate" and pledges all necessary steps to safeguard India's national interests
 "India slams US 25% tariff as 'unfair, unjustified and unreasonable'")
Anand Mahindra urges India to turn tariff turmoil into "1991 moment"
Mahindra Group chairman calls for bold reforms, single-window clearance, and a tourism push to turn global tariff disruption into an opportunity for transformation
 "Anand Mahindra urges India to turn tariff turmoil into \"1991 moment\"")
Not worried about bank savings being put into equities: RBI guv Malhotra
RBI Governor Sanjay Malhotra says shift in household savings from deposits to equities is healthy, while urging curbs on mis-selling in bancassurance to protect consumers
 "Not worried about bank savings being put into equities: RBI guv Malhotra")
US doubles tariff on India to 50% over Russian crude oil purchases
'Unfair, unjustified, unreasonable', says MEA; new rates from August 28
 "US doubles tariff on India to 50% over Russian crude oil purchases")
RBI panel for retaining WACR as operating target of monetary policy
The group was set up to the existing review of the Liquidity Management Framework which is in place since February 2020
 "RBI panel for retaining WACR as operating target of monetary policy")
India refiners wait for govt order on Russian oil purchases: Report
US President Donald Trump has criticised India's Russian oil purchases, arguing they help fund Moscow's war in Ukraine
 "India refiners wait for govt order on Russian oil purchases: Report")
Textile industry seeks export incentive to minimise US tariff impact
The US is India's largest market for textile and apparel exports, and had clocked around $4.59 billion worth of exports during the January to May 2025 period
 "Textile industry seeks export incentive to minimise US tariff impact")
India's mobile tariffs unfair, rich pay less than poor, says Airtel MD
A customer needs to pay ₹199 for a month-long connection which comes with unlimited local, STD, roaming calls and a 2GB data limit
 "India's mobile tariffs unfair, rich pay less than poor, says Airtel MD")
Trump hits India with 50% tariff: Tharoor slams US, experts warn of GDP hit
After US President Trump announced an extra 25% tariff on Indian goods over Russian oil imports, Congress leader Shashi Tharoor called it a 'double standard', while economists warned of a hit to India
 "Trump hits India with 50% tariff: Tharoor slams US, experts warn of GDP hit")
Trump imposes additional 25% tariff on India for purchasing Russian oil
US President Donald Trump has imposed an additional 25% tariff on Indian goods, citing India's continued import of Russian oil, effective August 27
 "Trump imposes additional 25% tariff on India for purchasing Russian oil")
Oil and pressure: How India became Russia's oil lifeline after Ukraine war
India's growing reliance on discounted Russian crude has reshaped its import basket, pushing out traditional West Asian suppliers and raising questions about how easily the country could pivot
 "Oil and pressure: How India became Russia's oil lifeline after Ukraine war")
No asset quality worries in MFIs or unsecured loans, says RBI Governor
The Reserve Bank does not have any concern on asset quality from unsecured loans perspective, including microfinance (MFI), Governor Sanjay Malhotra said on Wednesday.
Govt proposes 2022-23 as new base year for GDP and IIP: Minister
For the CPI, list of items and their respective weights derived from the Household Consumption Expenditure Survey of 2023-24 is used in the revised index
 "Govt proposes 2022-23 as new base year for GDP and IIP: Minister")
US tariffs to have 'negligible' impact on India's GDP, exports: Study
The tariffs announced by the US are likely to come into effect on August 7, 2025
 "US tariffs to have 'negligible' impact on India's GDP, exports: Study")
India's forex reserves fall $9 billion to $689 bn reflecting rupee defence
The rupee slid 1.18 per cent against the dollar in the week through August 1, marking its sharpest weekly decline in nearly three years
 "India's forex reserves fall $9 billion to $689 bn reflecting rupee defence")
Missed signals, rising tensions: How India-US trade talks fell apart
New Delhi is now left with the surprise imposition of a 25 per cent tariff on Indian goods from Friday, along with unspecified penalties over oil imports from Russia
 "Missed signals, rising tensions: How India-US trade talks fell apart")