Page 201 - Economy

Railways ramps up speed mission with track upgrades, fencing drive

Two months after the Union Budget and following consultations with all railway zones, the ministry has finalised its performance targets for tracks and track-related works

New accounting norms to bolster financial reporting quality: ICAI

The proposed standards also present two additional subtotals in the profit or loss section: 'operating profit or loss' and 'profit or loss before financing and income taxes'

Fresh formal hirings decline by 10% in February, shows EPFO data

The EPFO data is considered crucial as it reflects the state of the formal labour market, and only the formal workforce enjoys social security benefits and is protected by labour laws

Modi, Vance welcome 'significant progress' in India-US trade deal

Both sides discuss energy, defence, and strategic tech in bilateral meet

Govt imposes 12% safeguard duty on some steel products for 200 days

The finance ministry excluded developing countries from the safeguard duties other than China and Vietnam

We hope to sign first phase of bilateral pact with US by Oct: FM Sitharaman

US President Donald Trump and Prime Minister Narendra Modi agreed to launch talks for a bilateral trade deal amid the lurking fear of reciprocal tariff being imposed by Washington

EPFO registered 1.61 million net members in February 2025, shows data

In February 2025, the retirement fund body EPFO registered approximately 739,000 new subscribers

Key infrastructure sectors growth slows to 3.8% in March: Govt data

On a monthly basis, the growth rate in the production of these sectors was slightly higher than the 3.4 per cent expansion recorded in February

India to impose 12% temporary tariff on steel to curb cheap China imports

The government would enact the tax as soon as possible, the source, who did not wish to be named, told Reuters on Monday

India to generate 8 mn jobs per year for next 10-12 years: CEA Nageswaran

Nageswaran was addressing the Columbia India Summit 2025 hosted by the Deepak and Neera Raj Centre on Indian Economic Policies

India should restore soybean exports to US in bilateral trade talks: SEA

The two countries are currently negotiating a bilateral trade agreement that includes discussions on key agricultural commodities

First phase of India-US trade deal likely by fall this year: Sitharaman

Addressing the Indian diaspora in San Francisco, Finance Minister Nirmala Sitharaman said the issue of reciprocal tariff is part of a broader trade negotiation strategy

Trump's global trade war looms over Vance's high-stakes India visit

Trump administration officials have named India as one of several countries the US is prioritising negotiations with during the 90-day pause on higher duties

PMKVY 4.0: Parl panel asks skill ministry to make placement figures public

The move will also ensure that there is a database of the employment generated under the central government's flagship skill development scheme

India draws up blueprint to reduce over $40 billion trade surplus with US

Govt nudges industry stakeholders to raise imports from Washington

IIFT to start course on trade negotiations soon: Commerce Secy

Commerce Secretary Sunil Barthwal also said that Abhijit Das-authored "Strategies in GATT and WTO Negotiations" book can be a starting textbook in the Center for WTO Studies and IIFT

India-UK trade deal: Indian team may visit London to fix pending issues

India and the UK are trying to speed up discussions on the trade agreement amid fast-changing geopolitical landscape and America's protectionist trade policies

BTA push: Indian team to visit US next week to discuss modalities

This will be the first in-person meeting between the officials from India and the US since the finalisation and signing of the terms of reference of the proposed trade deal in March

India-US trade pact's terms of reference includes about 19 chapters: Report

India's chief negotiator, Additional Secretary in the Department of Commerce Rajesh Agrawal, will lead the team for the first in-person talks between the two countries

India-US proposed trade pact's terms of reference include 19 chapters

To give further impetus to the talks, an Indian official team is visiting Washington next week to iron out differences on certain issues