Page 190 - Economy
WPI inflation falls to 13-month low in April as food, fuel become cheaper
The sharpest vegetable price fall since October 2023 and a broad-based slowdown in fuel and manufactured goods inflation pulled WPI to its lowest level in over a year
 "WPI inflation falls to 13-month low in April as food, fuel become cheaper")
Three RBI rate cuts likely from June as inflation dips below 4% target
With inflation staying under RBI's 4% target for two months, economists expect three back-to-back repo rate cuts, starting with a 25 bps reduction in June
 "Three RBI rate cuts likely from June as inflation dips below 4% target")
Indian entities committed FDI worth $6 mn in Azerbaijan & Turkiye in April
India's outbound FDI increased by nearly 90 per cent annually to $6.8 billion in April, led by Tata Communications, Life Insurance Company and JSW Neo Energy
 "Indian entities committed FDI worth $6 mn in Azerbaijan & Turkiye in April")
Govt to release first monthly labour force data for April 2025 this month
Besides, PLFS' quarterly numbers will now be brought out separately for rural, urban as well as the combined figures for rural and urban areas, according to a ministry statement
 "Govt to release first monthly labour force data for April 2025 this month")
IMF to hold virtual talks on Pakistan's budget amid security concerns
The International Monetary Fund will on Wednesday hold virtual discussions on Pakistan's upcoming budget as the visit of its mission to Islamabad was delayed due to security concerns in the region.
 "IMF to hold virtual talks on Pakistan's budget amid security concerns")
India's wholesale inflation drops sharply to 0.85% in April on fuel prices
April 2025 WPI-based inflation: Oil prices fell by 3.95%, electricity prices dropped by 1.38%, while coal prices rose slightly by 0.22%
 "India's wholesale inflation drops sharply to 0.85% in April on fuel prices")
India's trade relations with Turkey, Azerbaijan hit amid Pakistan conflict
Following their support to Pakistan, calls for Turkish goods and tourism have surfaced across the country
 "India's trade relations with Turkey, Azerbaijan hit amid Pakistan conflict")
Coal imports in April-February fall 9.2% on higher domestic output
India's coal imports declined to 220.3 mt in April-February FY25 amid a rise in domestic output, saving $6.93 billion in forex and reducing dependence on imports
 "Coal imports in April-February fall 9.2% on higher domestic output")
Amid India-Pak tension, apple growers demand ban on imports from Turkey
India annually imports around 300,000-500,000 tonnes of apples from nearly 40 countries across the globe, and Turkiye is one of them
 "Amid India-Pak tension, apple growers demand ban on imports from Turkey")
April respite: India's retail inflation slides to 3.16% from 3.34% in March
Sharp drop in prices of vegetables and pulses cools food inflation to 42-month low
 "April respite: India's retail inflation slides to 3.16% from 3.34% in March")
No urgency to put retaliatory tariffs on US, says Indian official
India on Tuesday informed the WTO that the safeguard measures by the US would affect $7.6 billion exports by India into the United States
 "No urgency to put retaliatory tariffs on US, says Indian official")
Investors show strong faith in India's economy, PM's policies: Vaishnaw
The minister said that Renesas has started a new semiconductor design centre in Noida which will mark the beginning of design for the world's smallest chip in the country
 "Investors show strong faith in India's economy, PM's policies: Vaishnaw")
FM Nirmala Sitharaman to meet PSB chiefs on Thursday for annual review
The cumulative profits of PSBs surged to a record ₹1.78 trillion in FY25, registering a growth rate of 26 per cent over the previous year. All 12 PSBs saw profits of ₹1.41 trillion in FY24.
 "FM Nirmala Sitharaman to meet PSB chiefs on Thursday for annual review")
AI, tech changes cause taxing times for accountants, says ACCA survey
A survey by ACCA revealed that accountants are finding it difficult to keep pace with rapidly evolving scenario
 "AI, tech changes cause taxing times for accountants, says ACCA survey")
Over 4 million Beedi workers likely to get relief on pension math
Labour min to examine classifying beedi industry as 'seasonal' establishments
 "Over 4 million Beedi workers likely to get relief on pension math")
Operation Sindoor: How a Covid-era change to spending rules came in handy
During Covid, the government increased the Contingency Fund limit from ₹500 cr to ₹30,000 cr, a measure that made it easier for the expenditure dept to disburse funds without Parliamentary approval
 "Operation Sindoor: How a Covid-era change to spending rules came in handy")
India's retail inflation eases to 3.16% in April; lowest since July 2019
CPI-based inflation has now stayed below the Reserve Bank of India's medium-term target of 4% for the third consecutive month
 "India's retail inflation eases to 3.16% in April; lowest since July 2019")
India's retaliatory tariff plan may strain trade pact talks with US: GTRI
Global Trade Research Initiative said that if the US engages in consultations with India on the matter or withdraws tariffs, a resolution may be reached
 "India's retaliatory tariff plan may strain trade pact talks with US: GTRI")
US-China reciprocal tariff truce likely to narrow India's export edge
Even though US tariffs on Indian goods remain at 10%, the massive tariff gap that once favoured India is shrinking fast
 "US-China reciprocal tariff truce likely to narrow India's export edge")
Customs department confiscates Pakistani painting routed via London
Post Pahalgam attack, India has put a ban on all imports from Pakistan, directly or through any other route
 "Customs department confiscates Pakistani painting routed via London")