Page 141 - Economy

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

India Composite PMI 15-mth high at 61.1; manufacturing rises, services hold

India's Composite PMI: Manufacturing PMI climbs to 16-month peak; services edge higher as strong demand and new orders boost growth

India Services PMI hits 11-month high in July on strong export demand

Composite PMI Output Index rose to 61.1 in July from 61.0 in June, its fastest pace since April 2024; but hiring growth weakens

Why isn't Trump pressuring China as hard: Expert on India tariff threat

The Global Trade Research Initiative (GTRI) stated that China-not India-is the largest purchaser of Russian oil. In 2024, China imported $62.6 billion worth, compared to India's $52.7 billion

Tamil Nadu seals ₹32,554 crore investment deals, creating 50,000 jobs

Tamil Nadu government signs Rs 32,554 crore investment deals, creating 50,000 jobs in South Tamil Nadu. Key projects include a space park and shipbuilding PSU, with JSW and RGE as major investors

Despite US pressure, Russian oil tankers unload at Indian refineries

More tankers are poised to discharge another 2.2 million barrels of Urals in the coming hours

Running on clean hopes, dirty fuel: India's renewable plans face key risks

India's renewable plans read bold, but shortfalls in generation, grid gaps, and sluggish execution risk dimming the big switch

Tankers deliver barrels of Russian crude to India despite US, EU pressure

India's appetite for discounted Russian crude, and its position as the single largest buyer of Moscow's seaborne oil, has long been a pain point for the US and Western allies

Limited US access to hit India's manufacturing growth plans, says Moody's

On top of the import duty, Trump has announced imposing a 'penalty' on India for Russian imports. However, the rate of penalty is yet to be announced

Trump threatens to 'substantially' raise tariffs on India over Russian oil

Trump says New Delhi buying 'massive' amounts of Russian crude and selling it for big profits

'EU, US import Russian goods but target us': India defends oil purchase

India slams Trump's tariff threat, defends Russian oil imports as essential, and calls out US, EU 'hypocrisy' for trading with Russia while unfairly targeting New Delhi

Green regulators can seek bank guarantees from polluters: Supreme Court

The Supreme Court ruled that Pollution Control Boards can impose environmental compensation and seek bank guarantees as preventive measures for potential environmental damage

India's marine fish landings drop 2% to 3.47 million tonnes in 2024

India's marine fish landings dropped by 2% in 2024, with Kerala witnessing a 4% fall. Gujarat remained the largest producer, while disruptions from cyclones and heatwaves affected fishing activities

India's marine fish catch dips 2% in 2024, Gujarat leads landings

Gujarat landed the most fish for the year at 754,000 tonnes, followed by Tamil Nadu with 679,000 tonnes and Kerala with 610,000 tonnes