Page 157 - Economy

India-US trade deal negotiations pushed beyond Donald Trump's deadline

A team of officials from Washington DC will visit India for a sixth round of negotiation, around a month after negotiators from both sides wrapped up the fifth round of talks in Washington last week

India, US seek to futureproof trade agreement amid tax and tariff concerns

Starting April 1, India abolished the 6 per cent equalisation levy on online advertising services provided by non-resident entities, also known as Google tax

Income Tax Bill: Select panel proposes wider transfer-pricing net

Companies wielding substantive influence with other firms may face more scrutiny

EPFO posted record net member addition in May at 2 million, shows data

New subscriber enrolment swelled notably: about 0.94 million fresh employees joined EPFO in May, representing an 11 per cent increase over April

India's core sector growth in June tepid at 1.7%, shows govt data

Aditi Nayar, chief economist at Icra, said that while an elevated base weighed upon coal output, excess rains in the latter half of June impacted electricity generation

Govt considers market study to frame Big Tech competition regulations

The government may undertake a market study to establish a solid foundation for ex-ante regulations under draft Digital Competition Bill, said Harsh Malhotra, Minister of State for Corporate Affairs

Datanomics: India Inc's participation in PM Internship Scheme rises

In Round 1,68.82 per cent of all offers went to the top 10 states, with Uttar Pradesh alone getting 14 per cent. In Round 2, this concentration rose to 74 per cent

Govt working on voluntary code of conduct for companies using AI

The government is developing a voluntary code of conduct for AI companies and procurement guidelines on the responsible use of AI in the public sector, a senior official says

Growth of eight core sectors slows to 1.7% in June 2025, shows govt data

Refinery products saw positive growth of 3.4 per cent. Similarly, the steel and cement sectors recorded growth of 9.3 per cent and 9.2 per cent, respectively

Chhattisgarh passes Jan Vishwas Bill, boosts ease of doing business

The Bill aims to decriminalise minor technical violations by citizens and business owners. Offences committed under newly introduced Bill will attract monetary penalties, instead of criminal charges

Uttar Pradesh govt eyes nearly ₹2,000 crore MSME deals at trade event

The third edition of the five-day trade fair will be held from September 25 to 29 at the India Expo Mart

India-UK signing of trade pact on Jul 24; Piyush Goyal to accompany PM Modi

The two countries announced the conclusion of the negotiations for the trade agreement on May 6

Rajasthan govt's special action plan in the works for ₹35 trillion MoUs

The summit saw the signing of MoUs worth around ₹35 trillion across sectors, a record for the state, according to the official

Beyond clicks and scrolls: Digital financial education for Viksit Bharat

Financial literacy should not be an occasional campaign or an app feature-it must be an ongoing, evolving journey

28 states, UTs form export strategy to promote outbound shipments: Official

The official also said all 36 states and UTs have constituted State Export Promotion Committee (SEPC) and District Export Promotion Committee (DEPC)

Russia-linked refinery tightens sale terms, seeks early payment after curbs

Nayara Energy Ltd., part-owned by Rosneft PJSC, said it was seeking advance payment or a documentary letter of credit, before loading a shipment of naphtha next month

India's demographic edge at risk as jobseekers are short on key skills

India has entered a rare demographic window with a young, growing workforce. But without the right jobs and skills, this opportunity could slip away, locking the country into long-term poverty

PM Modi likely to sign free trade agreement during UK visit this week

PM to also visit Maldives while returning

Loco maker Wabtec looks to make Bihar unit key pillar of global chain

With over 700 locomotives already manufactured and an order pipeline till 2028, the company is drawing up plans to make the facility a mainstay in the Indian market

Latin America trade negotiations: India wary of China's growing influence

China's growing influence in the Latin American region raises concerns