Page 140 - Economy

Only nominated firms to mine offshore uranium, thorium under new norms

The new rules notified under the Offshore Areas Mineral (Development and Regulation) Act, 2002, are aimed at unlocking India's offshore atomic mineral potential

India's services growth at 11-month high in July amid rise in exports

Services PMI at 60.5, was 60.4 in June

Datanomics: US sermonises India, ignoring its own vital imports from Russia

While the US has cut down on goods import from Russia sharply, from $29.63 bn in 2021 -- when it attacked Ukraine -- to just $3 billion in 2024, it has ramped up exports of some other crucial items

Russia oil import: India's August pipeline strong despite US, EU heat

Private-sector refiners account for around half the imports in Aug

No proposal to exempt MPLAD funds from GST: Govt to Parliamentary panel

MoSPI tells House panel no GST exemption is planned for MPLADS use, even as the panel seeks relief to improve fund utility and suggests increasing annual allocation

Substantial tariff hike on India in 24 hours: US President Donald Trump

Cites New Delhi's Russian oil purchase; Kremlin slams US threats

Rupee extends losses on trade tensions, but RBI intervention caps fall

The local currency touched the intra-day low of 87.89 per dollar, narrowly missing its record low of 87.95 per dollar hit in February

Trump vows 'very substantial' tariff hike on India within 24 hours

Trump threatens to raise tariffs on Indian imports 'very substantially', citing Russian oil purchases; India calls criticism unfair, defends energy ties with Moscow

Narendra Modi, Marcos unveil strategic push in Indo-Pacific theatre

India and the Philippines signed nine agreements to deepen strategic ties, defence and maritime cooperation, and plan a bilateral preferential trade pact to boost economic ties

Farm, crude, trade deadlock push India-US ties into rougher terrain

Trump's tariff cannon has fired - and India's first-mover advantage is in tatters. With 5 rounds of failed talks and rising pressure over Russian oil, New Delhi now faces its sharpest trade test yet

Don't burn ties with India, says Nikki Haley; slams China tariff pause

Former UN envoy and presidential primary contestant says US should not penalise ally India while giving China, the top buyer of Russian oil, a 90-day tariff break despite deeper ties with Moscow

Gujarat remains top exporting state in FY25 with ₹9.83 trn exports: FIEO

Maharashtra is followed by Tamil Nadu, Karnataka, Uttar Pradesh, Andhra Pradesh and Telangana, according to the analysis of the Federation of Indian Export Organisations (FIEO)

India, US 'actively involved' in trade talks: Govt a day after MEA rebuke

This follows a scathing response from the MEA a day earlier to US President Donald Trump's threat of higher tariffs on Indian goods for importing Russian oil

Six months of a Trump Presidency later, India-US ties hit a crossroads

Despite both Trump and Modi getting off to a warm start and a first-mover advantage for India in trade talks, recent developments suggest the going may not be as easy as initially hoped

West Bengal's GST revenues rise 12% in July, Tripura leads with 41% surge

Several states posted double-digit growth in GST collections in July 2025, led by Tripura at 41 per cent. However, Mizoram, Jharkhand bucked the trend, reporting declines in revenue during the month

Basmati players cautious post trade deal with UK, shrimp exporters upbeat

While lower landed costs of basmati rice are welcome, traders feel it will be hard to entirely replace suppliers from Pakistan; meanwhile, marine and agricultural products are expected to see a bump

Deloitte projects India's FY26 growth at 6.4-6.7%, flags global risks

Deloitte India on Tuesday projected India's economic growth at 6.4-6.7 per cent in the current fiscal citing robust domestic fundamentals and expanding global opportunities.

India struggles to engage Trump admin as key US roles remain vacant

It's become urgent for New Delhi to make its case to Washington after being unexpectedly slapped with a 25% tariff, one of the highest in the region, facing further threats over its ties with Russia

E20 petrol won't affect fuel efficiency, may boost performance, says govt

Refuting claims that E20 petrol affects fuel efficiency, the Ministry of Petroleum and Natural Gas highlighted E20 petrol's environmental benefits, improved engine performance

Jaishankar calls for a 'global fair order' amid Trump's tariff pressure

Jaishankar's remarks come amid rising global tensions, with Trump imposing tariffs on India and criticising its oil trade with Russia