Page 169 - Economy

SEZ to DTA clearance of used machinery should be on depreciated value

Despite GST treating intermediary services as domestic supply, other laws like FEMA and FTDR Act recognise them as exports; SEZ units must pay duty on depreciated value

NSO to launch household income survey from Feb 2026: Statistics minister

The survey aims to estimate average household income across India and may help provide a clearer picture of poverty, inequality and income disparity across rural and urban areas

Brent crude may cross $110 if Hormuz oil flow halves: Goldman Sachs

But Kotak Institutional Equities believes market concerns are driving oil prices and points to sufficient OPEC+ spare capacity and well-supplied global inventories

Yield on AAA-rated PSU bonds breaches 7% as long-term rates firm up

Notably, REC Limited raised ₹2,865 crore through 10-year bonds at a coupon rate of 7.06 per cent

India's outward FDI declines to $2.83 billion in May, shows RBI data

India's outbound FDI declined in May as equity and guarantees fell sharply while debt commitments surged compared to last year and the previous month

SECI floats green ammonia tender to decarbonise fertiliser production

The initiative aims to reduce import dependence and shield the fertiliser sector from global gas price shocks amid ongoing geopolitical disruptions

UP, Gujarat, Maharashtra to lead ₹10.2 trn state capex push in FY26: Report

A Bank of Baroda study finds over five states will account for nearly 50% of ₹10.2 trillion in state capital outlay for FY26, with GST remaining the largest tax revenue contributor

Neutral stance gives flexibility to move up or down: Nagesh Kumar

Since the February 2025 MPC, the RBI has started to support growth by cutting policy rate

There is nothing in MPC statement to suggest rate hikes are next: Ram Singh

Ram Singh said lower inflation print than the forecast will strengthen the case for a rate cut

Policy easing call this cycle to be more data-dependent: MPC member Saugata

This (West Asia conflict) is just one of the sources of uncertainty, albeit the 800 pound gorilla at the moment

Oil, gold prices set to flare up as US strikes Iran's nuclear sites

But despite the US hit, the Iran-Israel war is still going on, and Iran has threatened to attack US military installations in the Gulf

Threat of supply disruptions rising but India has enough stock: Officials

India has enough crude reserves and is boosting imports from other sources even as the Strait of Hormuz faces risk of disruption due to the escalating Iran-Israel conflict

Rupee expected to depreciate to 87 per dollar by July-end: BS Poll

The rupee settled at 86.59 per dollar on Friday. Crude oil prices remain a significant idiosyncratic risk for the rupee, said market participants

Statsguru: Turmoil for India as oil price rises amid Iran-Israel conflict

Any move by Iran to restrict shipping there could escalate prices further, intensifying pressure on energy-importing nations like India

Fresh formal hiring at 5 month high in April 2025, shows EPFO data

EPFO added 894,000 new subscribers in April, an 18.5 per cent rise from March, marking the strongest formal employment growth since the end of FY25 according to payroll data

EPFO adds 1.91 mn in April; youth, rejoiners, women boost numbers

Net additions under EPFO rose by 1.17 per cent in April 2025 over a year ago, driven by new youth subscribers, rejoining members and growing female participation

India's coffee exports rise 125% to $1.8 billion over 11 years: Govt data

The exports stood at over USD 800 million in 2014-15. It was USD 1.28 billion in 2023-24 and USD 1.14 billion in 2022-23, the data showed

Jaishankar calls India's trade pacts with mature markets 'space to watch'

Jaishankar says India is now focusing on FTAs with mature, rule-bound markets like the UK, EU, and US, moving away from Southeast Asia to ensure balanced, transparent trade partnerships

Blocking of Strait of Hormuz may impact India's energy procurement: Experts

Following the US bombing of three major Iranian nuclear sites, Tehran has indicated that closing the Strait of Hormuz for shipping is one of the options on the table to pressure its adversaries

Net direct tax collection drops by 1.39% to Rs 4.58 trillion so far in FY26

This was on the back of higher refunds, income tax relaxation provided to salaried individuals and the impact of increased capital expenditure by companies