Page 177 - Economy

Telangana aims to become $3 trillion economy by 2047: CM Revanth Reddy

Speaking at the Telangana Formation Day celebrations, Reddy said the state government hopes to contribute 10 per cent to the national GDP by 2047

Economics: The new frontier in India's leading technical institutes

India's premier tech institutes are witnessing a quiet revolution as economics, once sidelined, emerges as a key discipline with broad applications and industry demand

Trump's move to double tariffs on aluminium imports to hurt sector: AAI

On May 30, Trump announced that he would double the existing 25 per cent tariffs on aluminium imports from June 4

No immediate impact from China's export curbs on magnets: Maruti Suzuki

Auto industry manufacturers told government officials last week that production could stall within days due to the curbs

Good news very soon on India-Oman free trade agreement: Piyush Goyal

Oman is the third-largest export destination among the Gulf Cooperation Council (GCC) countries for India

Manufacturing PMI slows to 3-month low of 57.6 in May, demand still strong

Manufacturing PMI May 2025: Although new orders and production continued to rise, the rates of growth softened to three-month lows

Philippines eyes India, Thailand rice to reduce reliance on Vietnam

The agriculture department is in talks with private importers on purchases from producers like India, Pakistan, Cambodia and Myanmar

Net GST revenue grows 20.4% to Rs 1.7 trn on import taxes: Govt data

Sequentially, there was a nearly 17 per cent drop in net GST collections compared to April 2025, which stood at Rs 2.09 trillion

India-EU free trade pact could be concluded before year end: Piyush Goyal

He also said that India will raise its concerns over certain EU's regulations such as carbon tax and deforestation rules in the trade talks

52% agricultural homes rely on non-farm income amid rising volatility

Trend towards diversification reduces risks associated with farm income: PRICE report

Govt cuts natural gas price for CNG, cooking use for first time in 2 yrs

The price of natural gas from legacy fields allocated to state-owned ONGC without auction has been reduced from $6.75 to $6.41 per mmBtu

ADB announces $10 billion plan to transform India's urban infra, services

ADB President Masato Kanda announces a five-year plan aimed at transforming urban infrastructure across India; metro expansion, RRTS corridors and skills programmes in focus

Gross GST collections rise 16.4% to over Rs 2.01 trn in May: Govt data

Goods and Services Tax (GST) collection had touched a record high of Rs 2.37 trillion in April. In May, 2024, the mop up was Rs 172,739 crore

'Govt has fast-tracked FDI approvals from neighbouring countries'

As per that decision, FDI proposals from these countries need government approval for investments in India in any sector

RBI likely to deliver 3rd consecutive rate cut of 25 bps on Friday: Experts

Aditi Nayar, Chief Economist, ICRA said with CPI inflation forecast to trail 4 per cent for a large part of this fiscal, monetary easing by the MPC is likely to continue

Jet fuel price cut by 3% to ₹83,072/kl on softening global oil benchmarks

The price of aviation turbine fuel (ATF) was reduced by Rs 2,414.25 per kilolitre, or 2.82 per cent, to Rs 83,072.55 per kl in the national capital

Singapore leads as India's largest FDI source for seventh straight year

FDI from Singapore in 2024-25 increased to $14.94 billion from $11.77 billion in 2023-24, according to the latest government data

UK trade body urges continuation of duties on Indian PET plastic imports

The TRA also found that maintaining the measure is in the economic interest of the UK, a statement notes

Profits earned through ethical means create wealth for nation: FM

Pandit Upadhyaya was one of the founding members of Jan Sangh from which the Bharatiya Janata Party (BJP) emerged in April 1980

Doubling tariff on steel, aluminium by US to impact Indian exporters: GTRI

Trump announced that he would double the existing 25 per cent tariffs on steel and aluminium imports from June 4