Page 167 - Economy
Trump says he doesn't expect to extend July 9 trade tariff deadline
"I don't think I'll need to," he said in an interview on Fox News's Sunday Morning Futures with Maria Bartiromo that was taped Friday. He then added, "I could, no big deal."
 "Trump says he doesn't expect to extend July 9 trade tariff deadline")
Indian trade team stays longer in US to finalise deal before Jul 9 deadline
US President Donald Trump last week said "a very big" deal with India was likely soon amid hardening stance of both the nations
 "Indian trade team stays longer in US to finalise deal before Jul 9 deadline")
India's ban on ships with Pak's cargo raises costs, delays freight: Report
Pakistani importers said the Indian ban has resulted in longer shipping times and higher freight charges
 "India's ban on ships with Pak's cargo raises costs, delays freight: Report")
India curbs jute imports from Bangladesh to protect domestic industry
India has restricted jute and fibre imports from Bangladesh to only Nhava Sheva port, citing unfair trade practices, subsidies, and the need to protect domestic industry and rural jobs
 "India curbs jute imports from Bangladesh to protect domestic industry")
'Very big' trade deal coming, maybe with India, says Donald Trump
The ongoing in-person round of talks between New Delhi and Washington is crucial, considering that the end of the 90-day pause on the US's plan to impose country-specific reciprocal tariffs on July 9
 "'Very big' trade deal coming, maybe with India, says Donald Trump")
Post JP Morgan index inclusion, FPIs turn sellers in FAR securities
After completion of inclusion process of domestic government securities in JP Morgan Indices on March 31, 2025, FPIs have net sold ₹31,262 crore worth of FAR securities so far
 "Post JP Morgan index inclusion, FPIs turn sellers in FAR securities")
EVs, defence, RE sectors face rare earth risks, says finance ministry
Finance ministry's May 2025 review notes easing inflation and strong GDP growth, but flags upside risks from global conflicts, oil prices and investor sentiment shifts
 "EVs, defence, RE sectors face rare earth risks, says finance ministry")
Current account balance posts surplus of 1.3% of GDP in Q4FY25: RBI
India posted a $13.5 billion current account surplus in Q4FY25, the first in three quarters, aided by strong services exports and a decline in primary income outflows
 "Current account balance posts surplus of 1.3% of GDP in Q4FY25: RBI")
Tea exporters cautiously optimistic as Israel-Iran ceasefire lifts demand
With Iran-bound orders resuming and auction prices rising, Indian tea producers and exporters remain hopeful even as shipments move slowly
 "Tea exporters cautiously optimistic as Israel-Iran ceasefire lifts demand")
India's external debt rises to $736 billion, 19.1% of GDP, says RBI
Short-term debt to total debt ratio dips to 18.3
 "India's external debt rises to $736 billion, 19.1% of GDP, says RBI")
Infosys founder Narayana Murthy visits GIFT City, lauds global potential
Narayana Murthy lauded the rapid progress being made and expressed appreciation for the world-class infrastructure
 "Infosys founder Narayana Murthy visits GIFT City, lauds global potential")
Govt will protect textile sector in US trade deal: Goyal tells export body
The minister also reiterated that all necessary steps would be taken to ensure that India's interests, especially those of vulnerable sectors like textiles and apparel, are safeguarded
 "Govt will protect textile sector in US trade deal: Goyal tells export body")
FM asks PSBs to step up deposit mobilisation, deepen corporate lending
Sitharaman reviews PSB performance, stresses deposit growth, better service, staffing, green lending, MSME credit, and expanded presence in underserved areas
 "FM asks PSBs to step up deposit mobilisation, deepen corporate lending")
India's forex reserves dip by $1.01 bn to $697.93 bn in week to June 20
Forex reserves had touched an all-time high of $704.885 billion in September 2024
 "India's forex reserves dip by $1.01 bn to $697.93 bn in week to June 20")
India's current account swings to $13.5 bn surplus in March quarter: RBI
Net services receipts increased to $53.3 billion in Q4:2024-25 from $42.7 billion a year ago
 "India's current account swings to $13.5 bn surplus in March quarter: RBI")
India must protect farmers, digital ecosystem in trade pact with US: GTRI
Beyond tariffs, the US is expected to press India for large-scale commercial purchases, including oil and LNG, civilian and military aircraft from Boeing, helicopters, and nuclear reactors, it said
 "India must protect farmers, digital ecosystem in trade pact with US: GTRI")
India imposes anti-dumping duty on plastic machines from China, Taiwan
Following investigation by the Directorate General of Trade Remedies, the Centre has imposed anti-dumping duties ranging from 27% to 63% on plastic processing machinery from China and Taiwan
 "India imposes anti-dumping duty on plastic machines from China, Taiwan")
India's economy to hold top spot for growth, but weaknesses remain: Poll
Private sector spending is still trailing far behind, and analysts generally agree the economy is still failing to create enough quality jobs for its large young population
 "India's economy to hold top spot for growth, but weaknesses remain: Poll")
'Very big' trade deal with India soon: Trump as he signs pact with China
Trump's remarks come at a time when the 90-day deadline for the tariff pause is likely nearing its end on July 9
 "'Very big' trade deal with India soon: Trump as he signs pact with China")
Datanomics: India looks at options amid crunch of rare earth materials
China and the United States produced nearly 70 per cent and 11.5 per cent of the world's production of rare earth elements (REEs) respectively in 2024
 "Datanomics: India looks at options amid crunch of rare earth materials")