Page 21 - Economy

VB-G RAM G Act to come into force from July 1; Centre says all ready

Ministry said the Act provides a statutory guarantee of up to 125 days of wage employment to eligible rural households, compared to the 100 days provided under the existing rural employment framework

NBCC vs CPWD: How government construction is seeing a quiet shift

NBCC's project portfolio has grown far larger than CPWD's, reflecting a quiet shift in how the Centre is executing office, housing and infrastructure projects

Mining sector at crossroads: Moving beyond allocation towards execution

India's mining sector has seen major reforms over the past decade, but weak exploration, slow approvals and delayed project execution continue to hold back investment and output

Economy resilient, but monsoon and geopolitical risks persist: FinMin

India's inflation likely to remain contained in coming months, says FinMin

Japan backs ACME-IHI Odisha green ammonia project with 25-year subsidy

Japan has approved 25-year CfD support for the ACME-IHI green ammonia project in Odisha, strengthening its commercial viability and India's green hydrogen ambitions

Global LNG trade could remain flat in 2026, says Shell Energy Outlook

Shell says normal shipping through the Strait of Hormuz could keep global LNG trade flat in 2026, with growth expected to resume in 2027 as new supply comes online

Customs duty exemption on key petrochemical imports extended till July 15

The extension, prompted by supply-chain disruptions arising from the West Asia conflict, will continue to provide relief to industries dependent on critical petrochemical imports

Govt extends customs duty waiver on key petrochemical imports till July 15

The customs duty exemption on around 40 critical petrochemical products was introduced on April 2 as a temporary and targeted relief measure and was scheduled to end on June 30

India's April-May fiscal deficit at 9.6% of 2026-27 target: Govt data

India has set the fiscal deficit target for 2026-27 at 4.3% of GDP, or ₹16.96 trillion

Remain alert to external, domestic risks: RBI governor Sanjay Malhotra

Preserving financial stability more important than ever, says RBI governor Sanjay Malhotra

Pension funds can help build developed India, says CEA Nageswaran

Nageswaran highlighted that pension funds globally have faced funding challenges, particularly in the past when low interest rates pushed investors towards riskier assets

CBAM explained: Why Europe's carbon tax matters for India's exporters

As carbon border taxes gain traction globally, India's MSME exporters face higher compliance costs and competitiveness risks in key markets such as the European Union

China's factory activity returns to expansion on AI-driven demand surge

The official manufacturing PMI rose to 50.3 in June, exceeding market expectations and signalling renewed growth in the sector

US-India trade deal nearing completion after 18 months of talks: Sergio Gor

US envoy to India was bullish about the bilateral relationship and cited the personal equation between US President Donald Trump and Prime Minister Narendra Modi which was driving the ties

40-day oil buffer plan enters action phase with five new SPR projects

The West Asia crisis has intensified concerns over India's ability to withstand global oil supply disruptions

Top leaders, policymakers to brainstorm at BS Rising Purvanchal Conclave

The day-long conclave will deliberate on ways to push Purvanchal to the forefront of UP's economic growth

Datanomics: GST turns 9, collections see slower growth in recent years

GST enters its 10th year with slab reforms underway, but key sectors remain outside the tax net as revenue growth and tax-GDP gains trail expectations

Mospi pushes harmonised data ecosystem to power citizen-centric governance

Statistics Secretary Saurabh Garg says harmonising administrative data across departments will improve interoperability, AI-driven analytics and evidence-based policymaking

India's industrial output growth hits five-month high of 5.1% in May

Industrial output growth rose to 5.1 per cent in May as electricity generation strengthened and the government adopted Output-PPI for the new IIP series

Long road to 50 as govt moves fiscal anchor from deficit to debt-GDP ratio

A lower GDP base, subsidy pressures, geopolitical shocks and future spending commitments could make the Centre's goal of reducing debt to 50 per cent of GDP by FY31 significantly more challenging