Page 200 - Economy

Safeguard duty to curb influx of steel import from select countries: ISA

According to the industry body, these countries alone contributed around 78 per cent to the overall imports in FY25

April composite PMI at 60 as biz growth hits 8-month high on export surge

Manufacturing PMI rose to a 1-year high of 58.4 in April; services hit 4-month peak at 59.1, signalling robust private sector growth and strong demand across both segments

Saudi Arabia, India to deepen energy ties, to set up two oil refineries

An accord was reached to establish two oil refineries in India through a joint venture between the countries, India's Ambassador to Saudi Arabia Suhel Ajaz Khan said in a briefing

Serious lack of reciprocity in trade with India: USTR Jamieson Greer

The factsheet said the United States has long recognised significant trade barriers with India

Lucknow-Kanpur corridor key to Uttar Pradesh's $1 trillion economy target

UPSIDA will facilitate big-ticket investments and "ribbon development" in Ex-LIDA

J D Vance nudges India to drop non-tariff barriers for US businesses

While Trump has been labelling India as a high tariff nation and a 'tariff king', Vance refrained from using such words against India

NRI deposit inflows jump 23% till February: RBI's monthly bulletin

NRIs inflows in deposits grew by $14.55 billion between April 2024 and February 2025, against $11.8 billion during the same period a year ago, according to the Reserve Bank of India (RBI)

Repatriation drags down net FDI to $1.5 billion in Apr-Feb: RBI bulletin

The State of the Economy report in the April 2025 bulletin noted that Singapore was the largest source of equity inflows with a share of 29.8 per cent, followed by Mauritius and the US

Threefold rise in trade restrictions since 2019: FM Nirmala Sitharaman

Speaking at the Stanford University, the FM flagged a threefold increase in trade restrictions since 2019 with both advanced and emerging economies striving to protect domestic production and jobs

IMF cuts India's FY26 growth forecast to 6.2% amid trade tensions

The WEO stressed that a swift escalation of trade tensions has generated extremely high levels of policy ambiguity, complicating efforts to establish a central global growth outlook

US effective tariff has surpassed levels seen during Great Depression: IMF

Reflecting the complexity and fluidity of the moment, IMF's World Economic Outlook on Tuesday presented a range of forecasts for the global economy

Can the oilfields amendment Bill allay concerns, attract global drillers?

India imports nearly 90% of its crude oil, half of its natural gas, and over 60% of LPG

IMEC, energy ties in focus as PM Narendra Modi begins Saudi Arabia visit

Possibility of pacts being explored in logistics, clean energy, data cooperation

One million gig workers registered on e-Shram portal: Mansukh Mandaviya

"The registration of gig workers is an ongoing process, and we're working in line with the Budget announcement. We are likely to register 3-4 million in the next three months," the minister said

VC funding in India dips to $2.4 bn in Q1 2025 amid global concerns: Report

VC investors in the country remained highly focused on consumer offerings in the quarter under review with areas such as e-commerce and quick commerce attracting maximum attention

India poised to benefit from supply chain realignments: RBI bulletin

Moreover, India's consistent strength in services exports and remittance inflows continues to provide a vital buffer for the current account, said an article on 'State of the Economy' in the bulletin

Govt proposes GHG emission reduction targets for aluminium companies

The stakeholesrs can give their feedback to the draft Greenhouse Gases Emission Intensity Target Rules, 2025 to Ministry of Environment Forest and Climate Change within 60 days

Rajasthan govt plans to upgrade museums, seeks ₹50 cr to boost tourism

With the funds, museums in cities such as Bikaner, Jodhpur, Jaisalmer, Chittorgarh, Alwar, and Bharatpur will undergo conservation and development for better display and preservation of artefacts

Resetting the base year for CPI-AL/RL likely to impact minimum wages

After almost four decades, the government is planning to revise the base year for CPI for agri and rural workers, with more weightage likely to be given to items such as health and education

Russian oil drives Opec share in India's imports to record low, data shows

Import of Russian oil rose 7.3 per cent to 1.76 million bpd, raising its share marginally to 36 per cent while OPEC's share slipped slightly to 48.5 per cent, the data showed