Page 170 - Economy

India's core sector growth plunges to nine-month low of 0.7% in May

The previous low pace was recorded in August 2024 when the output had contracted by 1.5%

Russia increases seaborne fuel oil exports to India, Turkey in May

Oil prices fell to four-year lows as an Opec+ decision to expedite its output hikes stoked fears about rising global supply at a time when the demand outlook is uncertain

India may improve trade deficit with Japan by selling quality rice

As Japan considers scaling up imports in the wake of a major rice crisis, there a potential for India

Govt to meet stakeholders to assess impact of Iran-Israel conflict on trade

Exporters have stated that the war, if escalated further, would impact world trade and push both air and sea freight rates

PM Modi's 'make in India' strikes emotional chord with the consumers

The survey shows that 58 per cent of the respondents in China want to buy local products in Q2 of 2025. This has gone up sharply by 7 per cent over the previous quarter

India seeks tighter container safety, cargo disclosure norms in IMO meet

The development comes at the heels of IMO's ongoing session of the Maritime Safety Committee, where India brought up the recent sinking of the Liberian-flagged vessel MSC ELSA 3

Datanomics: Despite gains, Brics still lags behind G7 in per capita terms

Average Brics per capita income stood at $2,087 in 2000, which is projected to rise to $9,437 by 2025. In contrast, G7's average may rise from $27,855 to $53,623

India's trade with GCC in focus amid Iran-Israel ongoing conflict

India's trade with West Asia is crucial, considering that apart from Russia, it imports crude oil from Iraq, United Arab Emirates (UAE) and Saudi Arabia

India flags concerns on ILO's biological hazard pact for informal sector

India urges ILO to reconsider broad applicability of its biological hazard convention, citing implementation challenges for MSMEs and informal sector enterprises

Centre reviews HC order to resume MGNREGA in West Bengal from August 1

Kolkata High Court asks Centre to restart MGNREGA in West Bengal with safeguards against corruption, prompting review of legal and procedural steps

Indian money in Swiss banks triples in 2024, reaches nearly ₹37,600 cr

Indian money parked in Swiss banks tripled in 2024 to CHF 3.5 billion, mainly via financial institutions; however, customer deposits rose modestly even as India climbed to 48th in global rankings

Cooling down of food prices keeps rural inflation in check, shows data

Retail inflation in rural areas in May stood at 2.59 per cent, while that in urban areas stood at 3.07 per cent

Petroleum product export earnings fell 13.4% to $3.3 bn in May: PPAC

Lower global crude prices reduced May petroleum export earnings to $3.3 billion even as outbound and import volumes rose and crude processing remained steady

India's largest port builder to raise ₹30,000 cr for Vadhvan project

The $9 billion port project is a major undertaking for Prime Minister Narendra Modi, who laid the port's foundation stone last year

Erratic weather hurting Indian companies in biggest consumer market

A cooler-than-usual summer this year - followed by the earliest onset of rain since 2009 - has hurt companies selling everything from talcum powder to air conditioners

Relief for travellers: Govt announces ₹3,000 annual toll pass on NHs

From August 15, personal vehicles can hit national highways with a ₹3,000 annual pass, valid for 200 trips or one year

Datanomics: Cracks in infrastructure and gaps in spending by states

Bridge collapses are on the rise, jumping from 21 in 2023 to 29 in 2024 though it fluctuated in between. This represented a 38 per cent year-on-year growth in 2024

High gold prices, mobile tariffs pushing core inflation, says Crisil

Crisil says core inflation rose due to global volatility, driven largely by gold prices, while headline inflation fell to a 75-month low of 2.8% in May amid easing food prices

India-UK free trade pact provides predictability to business: Piyush Goyal

In their first joint public intervention since the FTA negotiations concluded last month, Reynolds said he was "genuinely excited" about the prospects opened up with the FTA

India's fuel exports face EU sanction risk amid West Asia oil crisis

The bloc's proposal on barring imports of diesel, gasoline & jet fuel derived from Russian crude oil in refineries is of concern because it does not require US or G7's cooperation for implementation