Page 160 - Economy

India-US trade talks moving fast as fresh deadline nears: Piyush Goyal

India and US negotiators are in Washington for intense discussions, with the interim trade pact facing a critical deadline and pressure from the US on tariff concessions

Govt to give best of attention to promote GCCs: FM Nirmala Sitharaman

Finance Minister Sitharaman says the Centre will offer tax, legal and administrative support to boost GCCs in India and guide states to develop hubs in tier 2 cities

Govt to soon issue new guidelines to promote exports in new markets: Goyal

He said that the ministry will partner with districts to promote one district one product (ODOP) goods

India needs strategy to tackle challenges, boost global share: Ex-Niti VC

The authors argue that 'chaos, contestation, and constant recalibration' of policy design will define the global landscape for the foreseeable future

Need to push GCC with policy support, exact action points: DEA Secy

She said that with GCCs expanding into engineering, artificial intelligence, and emerging tech, there was a need for specialised courses to be brought in

India sees $52.3 bn services surplus in Q3 FY25; offsets goods deficit

NITI Aayog's Trade Watch report cites strong growth in IT, consulting, and R&D services exports in the October-December 2024 quarter, helping offset the widening merchandise trade deficit

India's retail inflation eases to 2.1% in June, lowest since Jan 2019

June 2025 CPI: Inflation for the month remained below the RBI's medium-term target of 4%, continuing a downward trend driven by base effects and softening food and fuel prices

Chhattisgarh govt gives a breather to small traders, waives VAT dues

The approved GST amendment draft incorporates key changes aligned with the decisions taken in the 55th meeting of the GST Council

Vegetable oil imports flat in June despite tariff cut boost to crude oils

In the edible oil category, barring crude sunflower oils, imports of other crude edible oil variants rose 25.64 per cent to 1.15 million tonnes in June from 916,000 tonnes a year earlier

India exports to US to be more competitive after duty hike on China, others

Niti Aayog said there will be significant opportunities for India in the US markets both in terms of the number of products and volume of the US market

Commerce ministry team in US; trade talks to begin today: Official

Chief negotiator of India and special secretary in the department of commerce Rajesh Agrawal will join the team on Wednesday

India's wholesale inflation drops to -0.13% in June on food, fuel prices

June 2025 WPI-based inflation: Food index declined to -0.26%, compared to 1.72% in the previous month

Manufacturing dominated new projects in Q1, share at 10-quarter high

The government has been driving much of the capital expenditure (capex) in recent years through its announced investments in roads, railways, and other infrastructure projects

Statsguru: Reduced calorie intake in India's food patterns over the decade

Rural areas experienced a greater decline in calorie consumption than urban parts over a decade

Refunds account for 17.6% of India's gross tax collections in FY25

The time taken by the income-tax department to process refunds has dropped sharply

SEZ amendment Bill may be taken up in monsoon session of Parliament

The Bill will allow 'reverse job work'. This means that SEZ units will be able to do a part of the manufacturing process on its behalf for DTA units

India should avoid rushing for trade agreement with US, say experts

Economic think tank GTRI (Global Trade Research Initiative) said India must recognise that it is not alone in facing US pressure

Anupam Mittal warns against deep-tech push, urges AI skilling for real jobs

Shaadi.com founder Anupam Mittal warns against India's tech-first AI obsession, urging focus on job creation and inclusive skilling for a billion-plus workforce

CAG, Janaagraha sign MoU to strengthen ULG finances, digital audits

The five-year non-financial partnership aims to improve transparency, audit quality, and financial management in India's urban local governments through digital reforms

India's oil imports from Russia hit 11-month high in June amid war fears

India imported 2.08 million barrels per day (bpd) of Russian crude in June, the highest since July 2024