Page 216 - Economy

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

Remittance to foreign print media for ads allowed from EEFC account

Rajagopalan answers SME queries related to GST, export and import matters

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

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

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

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 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

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

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

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

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

Don't think govt is in a great hurry to sign BTA with US: Ashwani Mahajan

Since the US has announced the imposition of reciprocal tariffs, their markets are down, and there are fears that inflation will increase

Smart Cities Mission deadline ends on March 31; targets remain unmet

Among the cities that have fully implemented their projects are Agra, Varanasi, Madurai, Coimbatore, Udaipur, Pune, Surat, and Vadodara

Merchandise exports may fall slightly to $435 billion in FY25: GTRI

Exports dipped 10.85 per cent in February to $36.91 billion due to volatility in petroleum prices and global uncertainties

Statsguru: How literate are Indian legislators? Here's what data reveals

Of the six states with the highest number of MLAs, in the Uttar Pradesh Assembly, formed in 2022, more than 75 per cent members are at least graduates - 34.24 per cent postgraduates

PM Modi inaugurates projects worth Rs 33,700 crore in Chhattisgarh

Modi inaugurated projects, laid foundation stones, and commenced various works during a function held in Mohbhattha village in the Bilaspur district

India's GDP growth projected at 6.4% for FY25, 6.5% for FY26: EY report

According to revised national accounts data released by NSO last month, real GDP growth rates for FY23 to FY25 are now estimated at 7.6 per cent, 9.2 per cent and 6.5 per cent

Public Accounts Committee flags mismatches in GST worth Rs 16.6K cr in FY21

The PAC said the inconsistencies highlight serious inefficiencies in the GST system's data validation and reconciliation processes, as GSTR-9 is auto-populated from GSTR-3B

Cabinet approves 2% hike in dearness allowance of central govt employees

The combined impact on the exchequer on account of the increase in both Dearness Allowance and Dearness Relief would be Rs 6,614.04 crore per annum

India looks to offer US tariff cuts on farm imports, eyes trade success

Unlike China, Canada and the EU, India is actively seeking to appease the Trump administration and is open to cutting tariffs on over half of US imports worth $23 billion