Page 218 - Economy

Committed to 'productive, balanced' trade ties with India, says US 

It is learnt that the discussions will hammer out the details of the proposed BTA, with the aim to finalise the contours of the deal. Lynch is also the chief negotiator for the BTA

Softer increase in services sector activity slows flash PMI in March

The index compiled by S&P Global fell to 58.6 in March from February's final reading of 58.8

Govt dividends from CPSEs set to log record Rs 70,000 crore in FY25

Coal India paid the highest at Rs 10,252 cr, followed by ONGC

IMF asks Indian banks to adopt global norms for credit risk management

UN financial agency report released by RBI calls for enhanced supervision of individual loans

FinMin launches BAANKNET, e-BKray to enhance PSU bank e-auctions

The BAANKNET portal is specifically designed to enhance transparency and speed up the process of disposing of non-performing asset cases

US envoy discusses business opportunities with Bihar industries minister

According to a statement issued by the industries department, the envoy appreciated Bihar's development initiatives and investment-friendly environment

India's engineering goods exports dip 8.6%, first fall since April 2024

The industry body said this marked the first drop in monthly shipments of engineering goods since April 2024, ending a nine-month growth streak

Release interim data on 7th Economic Census, House panel tells MoSPI

Data collection for the 7th Economic Census began in 2019 and took two years to complete owing to Covid

Datanomics: How the govt is tightening its grip on foreign funding

A deeper analysis of data from the annual reports of the Ministry of Home Affairs reveals a shifting regulatory approach

Private capex share in economy dipped to decadal low of 33% in FY24: Icra

The private sector has instead focused on deploying excess cash at reducing loan burdens rather than investing in new facilities, choosing to run at high capacity utilisation

India to drive 6% of world trade growth in 5 yrs, 3rd to US, China: Report

DHL Trade Atlas 2025 report reveals that global trade growth continues to show resilience despite geopolitical tensions and trade policy uncertainty

India's spot oil demand dips as Russian supply nears normal levels

Most of the cargoes were booked at a discount of less than $3 a barrel to benchmarks, the people said

Andhra Pradesh bags nearly Rs 4 trillion green investments in 8 months

According to a Central Electricity Authority (CEA) roadmap, of the targeted 500 gigawatts (Gw) generation capacity from non-fossil fuel resources by 2030, 86 Gw of RE potential is in South India

US firms join Donald Trump's tariff salvo on India, appeal to USTR

Appeal to USTR before reciprocal tariffs kick in from April 2

India imposes anti-dumping duty on 5 Chinese goods including aluminium foil

The anti-dumping duty of up to $873 per tonne was imposed provisionally on aluminium foil for six months

Maharashtra budget to boost real estate with infra focus: CREDAI-MCHI

The Mumbai Metropolitan Region is being developed as a growth hub, and it will have a USD 1.5 trillion economy by 2047, Pawar said as he announced a third airport in the metropolis

Customs rule changes may increase compliance costs for importers: GTRI

On March 18, the Ministry of Finance issued a notification, introducing amendments to the Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020

Centre withdraws 20% onion export duty as prices slump

India has exported around 1.71 million tonnes of onions in FY24 while in FY25 (till March 18) around 1.16 million tonnes has already been exported

Many nations want to adopt India's development model, says Piyush Goyal

Addressing the valedictory function of Vejalpur Startup Festival 2.0, Goyal also said India aims to take the number of unicorns from the existing 118 to 1,000 and 5,000

Backlog baggage: Staff shortage delays advance pricing agreement process

Presently, there are five APA teams in the country with two teams in Delhi and one team each in Mumbai, Bengaluru and Gurgaon