Page 165 - Economy

Aligning RE with development goals can lift 193 mn from poverty: UNDP study

Renewables can offer the chance to bring electricity to hundreds of millions of people, improving lives and driving growth

CBDT sets Cost Inflation Index at 376 for FY26 for capital gains

The new CII will apply to FY26 capital gains computations and benefit taxpayers selling land or buildings acquired before July 23, 2024 who opt for indexation

ESIC launches SPREE 2025 to expand social security coverage for workers

The scheme will be active from July 1 to December 31, and provides one-time opportunity for unregistered employers and employees to enrol without facing inspections for past dues

TReDS platform RXIL crosses ₹2 trn MSME invoice financing milestone

The RXIL TReDS platform has facilitated financing worth ₹80,500 crore in FY25 alone, with over 44,000 MSMEs registered across 1,600 postal codes

Quad launches major initiative to steady supply of critical minerals

The move is to ensure the availability of critical minerals under a broader goal to strengthen economic security amid concerns over China's coercive tactics

Trump says trade deal with India 'soon' as July 9 deadline approaches

Trump said he believed India was ready to lower trade barriers for US companies, a move that could pave the way for an agreement and avert the 26 per cent tariff he had announced on April 2

Mineral, metal output continues growth momentum in early FY26

India's production of key minerals and metals like iron ore, bauxite, and copper grew steadily in April-May FY26, signalling robust industrial demand

Coal Ministry to launch digital module for faster, transparent clearances

Exploration Module under SWCS to go live on July 4, allowing coal block allottees to submit proposals, track approvals and manage compliance documents digitally

Manufacturing hits 14-month high in June, helped by export surge: Survey

Companies step up hiring to keep up with strong demand: PMI

Net GST receipt growth slipped sharply to 3.3% in June: Govt data

June's net revenues from the indirect tax, based on transactions carried out in May, were also impacted by the back of sharp 28.4 per cent rise in total refunds to ₹25,491 crore

Standards & QCOs: A strategic lever for Viksit Bharat manufacturing agenda

India's strategic use of QCOs reflects a shift from being a passive consumer market to an assertive, quality-focused manufacturing economy

Private capital expenditure announcements fall 81% in Q1 FY25: CMIE

Private capex fell sharply in April-June 2025 to Rs 4.1 trillion from Rs 21.7 trillion in the previous quarter, with stalling and uncertainty affecting investment flow

June GST collection up 6.2% YoY to ₹1.85 trillion, but dips from May, April

June collections marked a decline when compared to the previous month, when the Centre collected ₹2.01 trillion in May

Punjab registers record 44% growth in net GST collections in June

The net GST collection last month stood at Rs 2,379.90 crore, reflecting a revenue growth of Rs 732.21 crore over the Rs 1,647.69 crore collected in June 2024

Niti Aayog paper on India-US trade deal goes offline, raising questions

The paper called for lower tariffs on soybean and corn from the US, both of which would be genetically modified, while their byproducts could hurt the domestic processing industry and ethanol makers

Why is life insurance losing lustre as a savings scheme for India's youth?

As life insurance loses share in households' financial savings, insurers are rushing to create new products, mostly in health insurance, to stay engaged with a younger demographic

Govt approves ₹1-trillion RDI scheme to boost private-sector innovation

The scheme will offer long-term, low-interest funding and equity support to boost private R&D in fast-growing tech sectors

Cabinet okays ₹99,000 cr employment linked incentive scheme for 35 mn jobs

Under the scheme, new employees will receive up to one month's EPF wage, capped at ₹15,000, in two instalments

GST a landmark reform that reshaped India's economic landscape: PM Modi

The GST, which was implemented from July 1, 2017, has unified 17 taxes and 13 cesses, creating a seamless national market by simplifying compliance and digitising tax systems

Jaishankar hopeful on trade deal with US, says outcome not guaranteed

On a US visit, EAM S Jaishankar said a successful trade deal was possible if both sides found a balance, but stressed that the talks remain intricate and unresolved