Page 172 - Economy

Business bigwigs see PM Modi's Cyprus visit boosting economic ties

Several MoUs were signed between Indian and Cypriot businesses, including between the National Stock Exchange (NSE) and the Cyprus Stock Exchange

PM Modi participates in business meeting in Cyprus to boost bilateral ties

The prime minister, who arrived here earlier in the day, addressed business leaders from India and Cyprus at the meeting

Auto industry has resilience to tackle rare earth issue: HD Kumaraswamy

The government is actively engaging with EU to ensure that concerns of Indian companies and hard-to-abate sectors are adequately addressed under CBAM, says union minister of heavy industries and steel

Govt plans to amend refund provision in new Income Tax Bill, 2025

Section 433 of the new IT Bill, 2025, states that a refund must be claimed by filing a return - regardless of whether it is belated

Home Minister Shah reviews preparations for census with caste enumeration

India's 16th census with caste enumeration will be carried out in 2027 with the reference date of October 1, 2026 in snow-bound areas like Ladakh and of March 1, 2027 in the rest of the country

Govt must review energy risk scenarios due to Iran-Israel war: GTRI

Due to the war, India is increasingly at risk of collateral economic fallout, with energy security, trade routes, and key commercial interests facing growing uncertainty, the GTRI said

CAG forms separate vertical for auditing of 1,600 state public sector units

A separate vertical would help in consolidation of information of all state PSUs and it will be easy for stakeholders to compare, Deputy CAG A M Bajaj said

Nepal starts exporting 40 MW of electricity to Bangladesh via Indian grid

Nepal, India and Bangladesh signed a trilateral agreement on October 3, 2024 to export electricity produced by Nepal to Bangladesh via the Indian transmission line

FTA with India brings genuine' competitive advantage, UK Parliament told

The debate this week comes ahead of UK-India Week, which begins next week as part of the annual India Global Forum (IGF) summit in London

Datanomics: India gets Russian cushion as Israel-Iran clash heats up oil

The conflict is expected to escalate in the coming days, putting further strain on global oil supplies in the restive West Asian region and making crude oil expensive

FM to meet GST and income tax officers to resolve field-level issues

The meetings aim to review ground-level implementation of tax policies, resolve bottlenecks in taxpayer services, and improve ease of doing business

RBI rejects bids for 30-year green bonds as investors seek high yields

Investors demanded higher returns for 30-year green bonds, prompting RBI to reject all bids at auction; bond yields rise amid absence of greenium and market caution

Israel-Iran clash: No immediate impact on crude oil supply, say officials

Officials say India's crude and LNG imports remain steady but warn that any hostilities affecting the Strait of Hormuz could threaten oil flows from Gulf partners

Prolonged Israel-Iran conflict may impact Basmati exports: Experts

Iran is one of the top buyers of Indian basmati rice; traders warn exports may take a hit if the Israel conflict continues and diplomatic tensions escalate

Rare earth materials on the table as India, China agree to discuss trade

India and China agree to hold functional dialogues on trade, rare earth supply, direct flights and visa facilitation during Vice Foreign Minister Sun's visit to Delhi

Rice output may hit record 151 million tonnes in 2025-26 season: USDA

USDA raises India's 2025-26 rice output estimate to a record 151 million tonnes due to early monsoon, good soil moisture and a hike in minimum support price

CBDT sends emails over undisclosed crypto income in latest NUDGE drive

CBDT emails thousands of taxpayers urging them to review and update ITRs for under-reported crypto income as part of a NUDGE campaign targeting VDA discrepancies

India, China discuss rare earth curbs amid auto industry concerns

The fact that India has now raised the rare earth issue with China in a diplomatic forum signals to automakers that a resolution may be in sight

Stress in personal loans to alter asset quality trajectory: CareEdge

CareEdge expects a marginal rise in credit costs and gross NPAs in FY26 due to stress in unsecured personal loans and microfinance, though provisioning remains robust

India's forex reserves rise by $5.17 billion to $696.65 billion: RBI

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves