Page 212 - Economy
India's forex reserves strong, can cover 11 months of imports: Sitharaman
Nirmala Sitharaman's remarks came after several opposition members raised concerns about the country's financial position, particularly regarding fluctuations in forex reserves
 "India's forex reserves strong, can cover 11 months of imports: Sitharaman")
India's growth to be highest among advanced, emerging G20 nations: Moody's
In its report on emerging markets, Moody's said such economies are exposed to choppy waters from the churn of US policies
 "India's growth to be highest among advanced, emerging G20 nations: Moody's")
US trade panel flags India's high tariffs ahead of April 2 'Liberation Day'
The 2025 National Trade Estimate (NTE) report, released on Monday, details how India's tariff and non-tariff policies remain among the most restrictive in major global economies
 "US trade panel flags India's high tariffs ahead of April 2 'Liberation Day'")
Trump's Russian oil threat pushes Indian refiners to seek alternatives
Trump raised the prospect of so-called secondary tariffs on buyers of Russian oil if President Vladimir Putin refused a ceasefire with Ukraine
 "Trump's Russian oil threat pushes Indian refiners to seek alternatives")
After nearly 4 decades, govt to revise farm and rural inflation gauges
The Labour Bureau has constituted an expert committee, chaired by National Statistical Commission member Asit Kumar Sadhu, to shift the base year from 1986-87 to the 2024-25 agricultural year
 "After nearly 4 decades, govt to revise farm and rural inflation gauges")
Officials cautious as US Prez Trump warns of secondary levy on Russian oil
Recently, Trump announced a 25 per cent blanket tariff on any nation purchasing oil and gas from Venezuela, effective April 2
 "Officials cautious as US Prez Trump warns of secondary levy on Russian oil")
Reciprocal tariffs will apply to all countries: US President Donald Trump
He, however, promises to be 'much more generous'
 "Reciprocal tariffs will apply to all countries: US President Donald Trump")
Tariff war clouds India's growth outlook, but fundamentals stay strong
However, economists say country's strong fundamentals, lower inflation hold hope
 "Tariff war clouds India's growth outlook, but fundamentals stay strong")
India crude imports hit record on Russian rebound, US oil, price dip
India imported 1.91 million bpd of Russian crude in March, 30 per cent higher than in February and flat from a year earlier
 "India crude imports hit record on Russian rebound, US oil, price dip")
No quick fix for India to ramp up US energy imports amid tariff threat
The attrition in US energy flows to India comes even as the US announced a 25% tariff on automobile, and proposed to impose a reciprocal tariff on Indian products from April 2
 "No quick fix for India to ramp up US energy imports amid tariff threat")
Remittance to foreign print media for ads allowed from EEFC account
Rajagopalan answers SME queries related to GST, export and import matters
 "Remittance to foreign print media for ads allowed from EEFC account")
MGNREGA ends FY25 with 2.1% higher work demand, shows govt data
According to data sourced from the MGNREGA website as on March 31, 2025 at 1400 hours' total expenditure on the scheme (this included due payment) in Fy-25 was around Rs 125,219 crore
 "MGNREGA ends FY25 with 2.1% higher work demand, shows govt data")
CBDT signs record 174 APAs in FY25, including India's 1st multilateral APA
An APA helps taxpayers and tax authorities agree on how to price transactions between related companies in different countries
 "CBDT signs record 174 APAs in FY25, including India's 1st multilateral APA")
PNGRB proposes tweak in tariffs; CNG, piped gas to be charged lowest rate
PNGRB regulates the transmission tariffs for natural gas pipelines and these are fixed to provide a 12 per cent normative return on capital employed
 "PNGRB proposes tweak in tariffs; CNG, piped gas to be charged lowest rate")
India-US BTA: Commerce ministry to begin talks with other departments
Interministerial talks to explore tariff cuts and market access; key sectors under focus include EVs, oil derivatives, plastics, and sensitive farm goods like dairy and almonds
 "India-US BTA: Commerce ministry to begin talks with other departments")
India may offer zero import duty on auto components for US at BTA
US last week imposed a 25% tariff on the import of automobiles and certain automobile parts
 "India may offer zero import duty on auto components for US at BTA")
We have been able to stabilise auditing as an institution: NFRA Chairperson
Pandey says audit firms have taken corrective steps following the regulator's inspections, which are among the pivots the organisation is working on
 "We have been able to stabilise auditing as an institution: NFRA Chairperson")
No change likely in DPDP rules on data storage, cross-border data transfers
A team of US officials was in India till Saturday to hold trade agreement talks with the commerce department ahead of the proposed reciprocal tax announcement by the Trump administration
 "No change likely in DPDP rules on data storage, cross-border data transfers")
Everybody doesn't need subsidised public services: Finance Secy Ajay Seth
Seth said the country needs to ramp up investments and productivity from all factors of production
 "Everybody doesn't need subsidised public services: Finance Secy Ajay Seth")
MPC likely to trim rate by 25 basis points in April meet: BS Poll
The RBI will announce the review of the policy meeting on April 9
 "MPC likely to trim rate by 25 basis points in April meet: BS Poll")