Page 192 - Economy

Free trade agreement fix: Liquor industry red flags UK maturation norms

According to the UK and European Union (EU) regulations, a spirit must be matured for a minimum of three years in wooden casks to be legally defined and sold as "whisky."

Rural demand for FMCG grows at a slower pace in March quarter: NielsenIQ

Demand for fast-moving consumer goods (FMCG) in rural India stood at 8.4 per cent in the March quarter, compared to 9.2 per cent in October-December of 2024

Draft climate finance taxonomy framework aims to enhance green funding

Draft framework suggests hybrid approach to attract investors

CPI base year revision for agri and rural workers may push up minimum wages

Unaware of recent Delhi govt decision to hike minimum wages in the national capital, Lal and his fellow workers continue to receive same wage as three years ago when they started working in unit

Govt clears revised credit guarantee scheme for startups, max cover ₹20 cr

This scheme would help provide the much needed collateral-free debt funding to startups, the department for promotion of industry and internal trade (DPIIT) said in a notification

UK unveils historic US trade deal at Tata Motors' Jaguar Land Rover factory

We are the first country to secure such a deal with the United States and in an era with global insecurity and instability that is so important, said Starmer

Centre closely monitoring food prices amid India-Pakistan tensions

The government won't hesitate to invoke the provisions of Essential Commodities Act, 1955 to check speculative activities, hoarding and black marketing, a senior official said

Bank of England cuts main interest rate by 0.25% amid US tariff uncertainty

Bank Governor Andrew Bailey said inflationary pressures have continued to ease, paving the way for the fourth quarter-point rate cut since August

Attracting FIIs & FPIs - balance regulations with ease of doing business

India's record GST collections and rising domestic investments highlight economic resilience, while SEBI's evolving FPI norms aim to balance transparency, compliance, and investor confidence

India-Pakistan hostilities raise credit risks for both nations: S&P

S&P, which rates India and Pakistan at 'BBB-' with a positive outlook and a 'CCC+' (outlook stable), said that in the current scenario, it does not see any immediate impact on sovereign credit rating

Jaguar Land Rover, Diageo among winners as UK-India sign model trade deal

Free Trade Agreement announced after three years of negotiations, will make it cheaper for UK firms to sell their whiskeys, cars, auto parts, cosmetics, biscuits, clothes and electrical machinery

India-UK trade deal signals that globalisation momentum remains strong

This agreement clearly reflects the importance of political momentum and compromise

UK trade deal likely to serve as model for India's FTAs with EU, US

The long-pending deal with the UK was finalised on Tuesday

Since Covid-19 pandemic, around half a million trusts added to PAN data

Allotments to trusts rose from 847,834 in 2019 to 1.3 million as of March 2025, show statistics from the Income Tax Department, released earlier in April

India grants UK access to £38 bn Indian procurement market under FTA

India grants legally guaranteed access to UK firms for 40,000 tenders annually under FTA, offering preferential status in government procurement

US could be on losing side in the test of wills with China: Claude Smadja

There are limits to India-EU FTA, EU lobbies want protection, don't think will meet the timeline

Cost of home-cooked thalis declines in April as food prices cool

Vegetarian and non-vegetarian thalis became cheaper in April due to lower prices of onion, potato and broiler, although oil and LPG costs curtailed a deeper drop

India's meat, shrimp exporters hope for new markets with India-UK FTA

Indian exporters expect a rise in meat, shrimp, and spirits demand in the UK as tariff removal under the Free Trade Agreement opens access to South-East Asian diaspora

India-Pakistan tensions could strain fiscal deficit if conflict escalates

Economists say India's fiscal deficit may widen if tensions with Pakistan persist, although the broader economic impact is expected to be limited if conflict remains contained

Bombay HC grants interim relief in GST dispute over development rights

Bombay High Court restrains GST authorities from acting on 18 per cent tax demand for development rights, saying TDR may qualify as sale of land exempt from GST