Page 168 - Economy

BTA likely to reduce India's goods trade surplus with US, says Crisil

The report said after completion of trade pact, India will be able to import more energy, certain agriculture products and defence equipment among others

India on track to be $5 trn economy by 2027 despite global risks: Goyal

Goyal also hailed the government's decade-long economic reforms as transformational rather than incremental

S&P ups India's FY26 growth forecast to 6.5% on resilient domestic demand

S&P Global Ratings raises India's FY26 growth forecast to 6.5%, citing normal monsoon, soft oil prices, tax reliefs and monetary easing as key drivers amid global headwinds

Datanomics: Strait of Hormuz still remains critical for crude oil import

The Strait of Hormuz is still critical for India even though we now import much lower than half of our crude inbound shipments through this route

Mobile exports grow 74% in May to record second-highest figures ever

The peak was $3.1 billion in March, when Apple exported more phones to the United States

RBI to conduct seven-day VRRR auction on Friday to mop up liquidity

The average liquidity surplus in the system over the past two weeks-reflected by the daily absorption by the RBI-was around Rs 2.5 trillion

FTAs with US, EU soon; exporters to get full govt backing: Sitharaman

Finance Minister says trade deals with US and EU near finalisation as she assures Indian exporters of full support amid global slowdown and volatile trade conditions

EPFO increases auto settlement limit for advance claims to ₹5 lakh

The move allows EPFO's 75 million subscribers to withdraw advances for education, illness, marriage and housing without human intervention up to ₹5 lakh

Russian crude flows set to rise despite low discounts, say officials

Russian crude may rise in India's oil mix amid Middle East tensions, but LNG from Qatar and UAE-under long-term contracts-remains hard to replace

Landed prices of imported edible oils move up despite halving of duty

While exporters have raised prices to nullify duty cuts, concerns over the Israel-Iran conflict, and the expected global diversion of additional vegetable oil for biofuel blending schemes are factors

Will the government's newfound zeal to push stake sales in CPSEs succeed?

Centre looks to step up stake sales in CPSEs to meet Sebi's MPS norms, revive strategic disinvestment, and boost market discipline amid legal hurdles, execution delays, and limited investor appetite

Trade agreements with US, EU to be concluded soon: Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said negotiations for the proposed free trade agreements with the US and European Union (EU) are progressing at a fast pace and would be concluded soon.

India 'not desperate' to seal early tranche of trade deal with US

Prime minister Narendra Modi and President Trump in February had agreed to sign a mutually beneficial bilateral trade agreement (BTA)

India imposes anti-dumping duty on four Chinese chemicals this month

In separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, said that the duty imposed will be levied for a period of five years on imports of these chemicals

India-China friction has not impacted AIIB's functioning, says VP Pandey

Pandey, who took over as Vice President of Investment Solutions of the bank in April this year, said differences and frictions between India and China have not impacted the bank's functioning

Geopolitical tensions not to put much pressure on rupee, inflation: S&P

Rates of the benchmark Brent crude fell to around $69 a barrel after US President Donald Trump announced that Israel and Iran have agreed to a 'complete and total ceasefire'

S&P ups India's FY26 GDP outlook to 6.5% amid geopolitical instability

S&P raised India's FY26 growth forecast citing strong domestic demand, normal monsoon hopes, lower oil prices, and easing policy - reversing last month's downgrade over global risks

Support for refugees erodes as funding gaps surge globally and in India

The latest figures from the UNHCR's global report reveal that the number of people displaced across the world had risen to 122.1 million as of April 2025, up from 120 million a year earlier

Rupee weakens on safe-haven demand; fall in crude prices caps losses

The Indian currency settled at 86.75 per dollar, against the previous close of 86.59 per dollar

Private sector business activity rises to 14-month high in June: PMI data

Flash PMI rose to 61, up from a downward revised figure of 59.3 in May