Page 216 - Economy

RBI announces MPC schedule for FY26, first rates decision on April 9

Typically, the six-member panel votes on a resolution on the third day of the meeting and the governor announces the decision in the first half of the day after the vote is completed

GIFT City climbs global financial centre index, bolsters its hub status

Gujarat International Finance Tec-City (GIFT City) is India's first operational smart city and maiden International Financial Services Centre

Swap market prices in more RBI rate cuts amid weak growth, low inflation

OIS rates, the closest gauge of interest rate expectations, have eased by 10-15 basis points so far in March

Govt betting on households to help tackle India's $346 bn debt pile

A record ₹29.7 trillion ($346 billion) of sovereign bonds are due over the next five years, a result of pandemic-era borrowing and PM Modi's infrastructure-spending binge

Trump diktat to lengthen OVL's quest to repatriate Venezuela dividend

ONGC's overseas arm had applied for a sanctions waiver to access $500 million dividend from two Venezuelan projects

GoM reviewing GST on farm equipment and inputs: FM Nirmala Sitharaman

Says existing provisions under I-T Act have gaps in addressing digital data

Li-ion batteries under safe harbour rules; threshold raised to Rs 300 cr

These changes for businesses engaged in international transactions will apply to assessment years 2025-26 and 2026-27

Donald Trump's tariff cut hopes from India too ambitious: Mark Linscott

No country's exporters favour new tariffs and there can be real impacts, especially for price-sensitive sectors that face plenty of competition in global markets, Linscott said

JNPA to become first Indian port with 10 mn TEU capacity by April 2025

The port hit the 7 mn TEUs handling milestone for the first time earlier this month

Industrial goods tariffs be India's focus during trade talks with US: GTRI

Both sides hope to finalise the first tranche of the agreement by the fall of 2025

Slow tenders, weak export demand hit India's green hydrogen plans

Customer side hasn't come up as earlier envisaged

S&P lowers India's growth forecast for FY26 by 20 basis points to 6.5%

The update assumes the upcoming monsoon season will be normal and that commodity - especially crude - prices will be soft

India considers tariff cuts on half of US imports to protect exports

In an internal analysis, New Delhi estimated such reciprocal tariffs would hit 87 per cent of its total exports to the United States worth $66 billion

Govt withdraws gold monetisation scheme, short-term deposits to continue

This decision comes after a comprehensive review of the scheme's performance and evolving market conditions

11,000 exporters avail benefits under interest equalisation scheme: Govt

In competing countries, the interest rate is very low. For instance, the central bank rate in 2025 is 3.1 per cent in China, 3 per cent in Malaysia, 2 per cent in Thailand, and 4.5 per cent in Vietnam

Taxmen to assess only undisclosed income in search cases: Finance Bill

The amendment, which was approved by the Lok Sabha on Tuesday, will be made effective retrospectively from September 1, 2024

Indian bond yields stable after record state debt sale, RBI purchase

Indian states raised Rs 722.55 billion ($8.43 billion) through a sale of bonds, the biggest amount ever to be borrowed via a single auction

FTA negotiations: India playing it on the front foot against New Zealand

With elections likely later this year, and given India's influence in the Indo-Pacific, a trade deal is important for the island nation, even more given the turmoil in global trade

New Income Tax Bill set for discussion in monsoon session: Sitharaman

The Select Committee has been mandated to submit its report by the first day of the next session of Parliament

S&P cuts India's FY26 GDP growth forecast to 6.5% amid global strains

The forecast assumes that the upcoming monsoon season will be normal and that commodity- especially crude-- prices will be soft