Page 161 - Economy

Centre seeks to relax eco-zone norms as states flag development hurdles

The wildlife board may revise eco-sensitive zone rules to allow site-specific plans, after states said rigid norms were hurting local development and delaying new protected area proposals

May look at lateral entry for state science secys, says Jitendra Singh

In June, Singh had said the Centre had not abandoned the lateral entry route in the civil services, and said the Centre remains open to lateral entries

Govt quells fears of US tariff threat on Russian crude oil import

Points to deepening India-US trade; diversified crude flows in as counterbalance

Looking to speed up talks to review Asean trade pact: Piyush Goyal

Commerce Minister Piyush Goyal discusses the ongoing review of the India-ASEAN trade pact with Malaysia's T Zafrul Aziz, highlighting challenges and the need for fair trade and a comprehensive deal

Uttar Pradesh govt mops up nearly ₹27,858 crore tax revenue in Q1 FY26

Of the total collection, the share of goods and services tax (GST) and value added tax (VAT) stood at ₹20,798 crore and ₹7,060 crore, respectively

India revises WTO retaliatory duties as US hikes steel, aluminium tariffs

It said that the proposed suspension of concessions or other obligations can take the form of an increase in tariffs on selected products originating in the US

India, US speed up trade talks as tariff deadline extended to August 1

Indian team may go to Washington for further discussions

India in talks to finalise trade deal with US, says chief negotiator

The aim is to conclude the first phase of the pact by fall (September-October) this year, with both countries working to finalise an interim trade agreement before that

Looking to fast-track trade pact review talks with Asean: Piyush Goyal

The issue figured during the meeting between Goyal and his Malaysian counterpart T Zafrul Aziz

How digital technology platforms are lubricating the NPA disposal process

The digitalisation of the entire process, has the potential to reduce costs for banks and buyers, speed up recovery for banks, and provide fair access to buyers

Chinese techies' exit likely to hamper India's smartphone export success

This comes after Beijing verbally asked regulatory authorities and local governments to curb technology transfers and movement of technicians to other countries

June retail inflation likely to have cooled further on food prices

Economists reckon that the decline in inflation is expected on account of easing prices across various goods categories, especially food items and a favourable base effect

PM Modi holds talks with Namibia President; digi tech, defence in focus

Lula backs India's push to expand Mercosur trade pact

Govt urges coal producers to improve quality amid ongoing complaints

The power ministry, which set up a panel to address the issue, proposed measures such as testing coal quality upon arrival to customers

RBI to conduct two-day VRRR auction on Wednesday to soak up ₹1 trillion

The surplus liquidity has kept the overnight weighted average call rate (WACR) near the standing deposit facility (SDF) rate of 5.25 per cent and well below the repo rate of 5.5 per cent

US is 'close' to signing a trade deal with India, says Donald Trump

Says sending letters to more trade partners, will offer no extension beyond Aug 1

Thali prices drop in June 2025, driven by lower vegetable and broiler costs

The price of a vegetarian thali fell 8 per cent in June 2025 compared to the same month last year, driven by a sharp drop in vegetable prices

India's pharma exports to US surged in March amid tariff concerns

India's pharma exports saw a significant rise in March, driven by fears of impending US tariffs. Industry experts anticipate impact of potential reciprocal tariffs on India's future export strategy

CBIC may free up importers' IGST credits to address payment issues

Short payments of IGST on imports are usually discovered during internal audits or regulatory checks, and tend to arise due to valuation differences, classification errors, or other discrepancie

Centre plans to make registration mandatory for vegetable oil units

The government proposes mandatory registration for all vegetable oil producers under a new amendment to the Vegetable Oil Products, Production, and Availability Order of 2011