Page 142 - Economy

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

A fresh approach needed to manage demand and supply of fertilisers

India is the second-largest consumer of fertilisers in the world, but lacks the natural resources to manufacture them

India's IOC buys 7 mn barrels US, Abu Dhabi crude amid Russian oil decline

India's top refiner IOC buys 7 million barrels of crude from US, Canada and Abu Dhabi via tender, as Russian oil imports pause due to narrowing discounts and rising sanctions

Trump's tariff shock likely to deepen rupee's slide, hurt recovery further

Analysts at Deutsche Bank AG and Barclays Plc expect the currency to drop to new record lows by the year-end amid muted foreign inflows and headwinds from US tariffs

PM Modi defiant as Trump steps up pressure on India's Russian oil purchases

Modi's government hasn't given India's oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases

US tariffs on the horizon: Exporters seek rollout of promotion schemes

₹2,250 crore Export Promotion Mission awaits Cabinet nod

Integrating services into production can create more jobs, says CSEP

Services like construction, transport, and distribution play a significant role in supporting job creation in the manufacturing sector, the paper, based on empirical estimates, concluded

Kisan Credit Card accounts in PSBs down 1.8% to 22.5 million in FY25

Union Finance Minister Nirmala Sitharaman in her budget for FY26 increased the loan limit for farmers holding KCC to Rs 5 lakh from Rs 3 lakh earlier

Nayara Energy's pump supplies steady amid EU, US sanctions trouble

Only casualty for now is the export of fuels by the refiner

Exporters seek govt aid, credit at affordable rates to deal with US tariffs

In a meeting with Commerce and Industry Minister Piyush Goyal in Mumbai, certain exporters sought plans on the lines of the production-linked incentive (PLI) scheme

US penalty risk on Russian oil may add ₹9-11 bn to India's import bill

Russian oil, which accounted for less than 0.2 per cent of India's imports before the war, now makes up 35-40 per cent of the country's crude intake

India on path to becoming world's third-largest economy, says PM Modi

Addressing a public meeting in his parliamentary constituency Varanasi on Saturday, Modi said, "As we talk about economic progress, I want to draw your attention to the current global scenario

India to keep buying Russian oil despite Trump's penalty threat: Report

Despite Donald Trump's warning of a penalty, Indian officials say the government had "not given any direction to oil companies" to cut back imports from Russia

India reacts with outrage to Trump's tariff hike, 'dead' economy remarks

India is hardly alone in facing Trump's trade wrath - and not the subject to the very highest rates - but the news left business and political leaders wondering how to cope with the fallout