Page 17 - Economy

Ethanol blending backed by global practice, scientific studies: Govt

The Centre allocated an additional 2 million tonnes of FCI rice for ethanol production while defending the E20 programme against claims on water use, engine damage and environmental impact

Middle class growth engine of India, 500 cities to be economic hubs: FM

Quoting an OECD study, Sitharaman said India will surpass China in absolute terms in its middle-class population size between 2030 and 2035 on the back of several measures taken by the government

India's foreign exchange reserves fall to 15-month low of $666.93 billion

India's foreign exchange reserves declined by $5.65 billion to a 15-month low of $666.93 billion in the week ended June 27, mainly due to a sharp fall in gold reserves

India to oppose proposed US tariffs over forced labour at USTR hearing

The CII also asserted that India has a robust constitutional and statutory framework that ensures Indian companies cannot practice forced labour

Govt seeks to contain backlash against mandatory E20 petrol rollout

The Centre defended the mandatory use of 20 per cent ethanol-blended petrol after criticism over fuel efficiency and vehicle performance fuelled calls for protests

India targets $1 trn exports in FY27, eyes 17% goods export growth: Goyal

Speaking at the Board of Trade meeting at Vanijya Bhawan in New Delhi, Goyal said the target would require a sharp increase in both goods and services shipments

India's PCBA exports to China scripts a rare success story

Exports surge over 40-fold to $1.5 billion in FY26

OMCs back in profit as under-recoveries on petrol and diesel shrink

Analysts and the government differ on fuel under-recoveries as crude prices ease, highlighting contrasting views on OMC margins and India's fuel pricing formula

India's forex kitty drops $5.65 billion to $666.93 billion: RBI data

For the week ended June 26, foreign currency assets, a major component of the reserves, decreased $150 million to $541.067 billion, the central bank's data showed

India's clean energy shift is reaching homes: Are consumers keeping pace?

From E20 petrol and EVs to rooftop solar and rising electricity use, India's energy transition is reaching households. But are consumers ready for the costs and is government support enough?

India coal-fired power output in June rises to highest since November 2023

India's total electricity generation in June rose 10.4% from ‌a year ago to 178.31 billion kilowatt-hours

Centre notifies 3 rules under VB-G RAM G Act for MGNREGS transition

The Centre has notified rules to transition from MGNREGS to the VB-G RAM G Act, covering wage payments, liabilities and funding norms for the new rural jobs scheme

War-hit balance sheets: State-run OMCs' underrecoveries hit ₹2.19 trillion

High crude oil prices pushed state-run oil retailers into massive under-recoveries despite fuel price hikes, while LPG sales continued to remain loss-making, Petroleum Minister Hardeep Singh Puri said

India should revisit stance on WTO ecom moratorium: Icrier study

ICRIER says India's growing digital exports now outweigh tariff revenue concerns and calls for a more proactive role in shaping global digital trade rules

Fuel sales jumped in June despite price hikes, shows PPAC data

Petrol and diesel consumption rose despite higher fuel prices, while ATF demand edged lower and LPG sales declined amid supply disruptions from West Asia

Coal block allocatees now have option to produce insurance surety bonds

Coal block allocatees under the MMDR Act can now use insurance surety bonds instead of performance bank guarantees, easing financing constraints and improving business ease

India, Japan to partner on strategic petroleum reserves, energy transport

The two countries will cooperate on strategic petroleum reserves, maritime energy transport and upstream investments to strengthen energy resilience amid geopolitical uncertainty

India's coal imports fall 13% in April; power sector imports drop 25%

Improved domestic coal supplies helped reduce import dependence, with power sector imports falling nearly 25 per cent even as coking coal purchases edged higher

Govt fast-tracks disinvestment, garners 31% of FY27 Budget target in Q1FY27

The government has achieved 31% of its FY27 disinvestment and asset monetisation target in Q1, aided by a rapid series of PSU stake sales and InvIT receipts

Free trade agreements to give major boost to toy exports: Industry

India's FTAs with the UK and EU are expected to boost toy exports by providing zero-duty market access and opening new opportunities for domestic manufacturers