Page 144 - Economy
Trump tariff impact: Logistics players to realign supply chain network
There can be a realignment to Europe, Southeast Asia, and the Gulf Cooperation Council, as trade routes adjust
 "Trump tariff impact: Logistics players to realign supply chain network")
India's manufacturing PMI hits 16-month high at 59.1 in July on high demand
India's Manufacturing PMI for July climbs to 59.1 from 58.4 in June driven by new orders and output, shows HSBC survey as compiled by S&P Global
 "India's manufacturing PMI hits 16-month high at 59.1 in July on high demand")
Datanomics: Market access vs mass survival in unequal India-US fields
The US move on tariff is seen as its pressure tactics on forcing New Delhi to sign a bilateral trade agreement (BTA) with Washington
 "Datanomics: Market access vs mass survival in unequal India-US fields")
India's net GST revenue rises 1.7% to ₹1.68 trillion in July; refunds surge
July's net GST kitty growth marks the slowest pace since last February from when disaggregated data on gross and net GST collections is available. In June, net GST revenues were up 3.3 per cent
 "India's net GST revenue rises 1.7% to ₹1.68 trillion in July; refunds surge")
PM's Internship Scheme: What's working, what's not, what it teaches youth
A look at the varied experiences of Prime Minister's Internship Scheme - what's working, what's not, and what it's teaching India's youth
 "PM's Internship Scheme: What's working, what's not, what it teaches youth")
Rupee strengthens marginally as RBI intervention supports currency
The rupee inched up against the US dollar on August 1, likely aided by RBI intervention, even as foreign outflows and negative sentiment from US tariffs kept pressure on the currency
 "Rupee strengthens marginally as RBI intervention supports currency")
Andhra clears new ₹4,600 cr policy to boost electronic part manufacturing
The state plans to achieve an overall target of $100 billion in investments in the electronics ecosystem, a government source said
 "Andhra clears new ₹4,600 cr policy to boost electronic part manufacturing")
US tariff hike to cut India's shrimp exports by 7-9% in FY26: Crisil
The proposed increase in tariff by the US, along with additional financial penalties, is likely to impact shrimp export volumes by 7-9 per cent this financial year, Crisil Ratings said on Friday.
 "US tariff hike to cut India's shrimp exports by 7-9% in FY26: Crisil")
Ministry of coal awards 7 coal blocks in 12th round of commercial auction
Blocks expected to fetch Rs 720 crore in annual revenue, attract Rs 787.5 crore investment, and generate over 7,000 jobs, says Coal Ministry
 "Ministry of coal awards 7 coal blocks in 12th round of commercial auction")
Gross GST mop-up rises 7.5% to ₹1.96 trillion in July; refunds jump 67%
Gross GST mop-up was ₹1.82 trillion in July 2024. Last month, the collection was ₹1.84 trillion
 "Gross GST mop-up rises 7.5% to ₹1.96 trillion in July; refunds jump 67%")
India's forex reserves rise by $2.7 bn to reach $698.1 bn in July
India's forex reserves rose by USD 2.703 billion to USD 698.192 billion during the week ended July 25, the RBI said on Friday.
 "India's forex reserves rise by $2.7 bn to reach $698.1 bn in July")
Power consumption increases 2.6% to 153.63 billion units in July
Experts believe the heavy rains across the country due to active monsoon affected the power consumption as well as demand in July
 "Power consumption increases 2.6% to 153.63 billion units in July")
Fitch cuts GDP growth projections to 6.3%; sees mild impact of US tariffs
In its Global Economic Outlook in April, Fitch had estimated India's GDP growth at 6.4 per cent for 2025-26
 "Fitch cuts GDP growth projections to 6.3%; sees mild impact of US tariffs")
Mixed response in MP to US tariff as exporters explore new markets
Major exports from Madhya Pradesh to the US include agricultural and pharmaceutical products, auto parts, textiles and jewellery
 "Mixed response in MP to US tariff as exporters explore new markets")
US imposes 25% tariff with no exemptions, threatens $25 bn in exports: GTRI
The tariff will now be applicable to sectors like pharmaceuticals and electronics, which were earlier exempted from import duties by the US
India's Russia oil imports slump, US crude purchases rise in July
Import from Russia in July was around 1.5 million barrels per day (bpd), the lowest this year after February, compared to 1.95-2.1 million bpd in June
 "India's Russia oil imports slump, US crude purchases rise in July")
Indian refiners stop buying Russian crude amid Trump threat, low discounts
Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation, and Mangalore Refinery and Petrochemicals Ltd have not placed new orders for Russian crude
 "Indian refiners stop buying Russian crude amid Trump threat, low discounts")
India can turn US tariff tensions into a trade win, says Raghuram Rajan
US tariffs on Indian goods are a pressure tactic, says Raghuram Rajan, who outlines how India should play smart on trade, FDI, car tariffs, and dairy safeguards
 "India can turn US tariff tensions into a trade win, says Raghuram Rajan")
OMCs cut commercial LPG cylinder price by ₹33.50; new rate effective today
Oil firms cut the price of 19-kg commercial LPG cylinders by ₹33.50 effective August 1, in a major relief to eateries and small businesses. Domestic 14.2-kg cylinder price, however, remains unchanged
 "OMCs cut commercial LPG cylinder price by ₹33.50; new rate effective today")
Section 232 returns: Trump's tariff hits $360-mn Indian copper exports
Move targets national security but may raise costs for US sectors like EVs, semiconductors, and defence
 "Section 232 returns: Trump's tariff hits $360-mn Indian copper exports")