Page 222 - Economy

Fitch keeps India's FY26 GDP forecast at 6.5%, ups FY27 projection to 6.3%

The rating agency expects two further cuts in the policy rate this calendar year, revised downwards to 5.75 per cent by December 2025

Govt focusing on core issues in FTAs for early outcomes: Commerce secy

The secretary said that the core trade issues are tariffs, non-tariff barriers, SPS (sanitary and phyto-sanitary) barriers, and regulatory factors

India to explore green shipping and digital business with Singapore

India and Singapore are exploring the Green Digital Shipping Corridor that would link other international ports and marine industries

Why Trump 2.0 could play spoilsport for India's coddled billionaires

The sudden enthusiasm for the businesses of Trump's head of government efficiency has a clear message for India's billionaires: They're being cut loose

Centre's disinvestment receipts in FY25 set to hit an 11-year low

The union government stopped setting specific disinvestment targets beginning in the 2023-24 financial year

India, New Zealand aim to finalise comprehensive FTA within two months

Goyal said that there are hardly any areas where both countries compete. However, there are a few areas of sensitivity, but they can be navigated with mutual respect

Employees' salaries grew at 11% CAGR in 10 years: FM Nirmala Sitharaman

FM Sitharaman says factors of production being reset after pandemic

India, World Bank may ink $500 million deal for rural housing project

"SHIELD is designed to make rural housing cooler, more energy efficient, and more disaster resilient," another government official said

Over Rs 11.8 trn locked in direct tax litigation, FM informs Rajya Sabha

For indirect taxes, 82,011 cases are pending, with a locked revenue of Rs 5.76 trillion as of January 31, 2025

Ashtalakshmi vision: Centre cites gains, Oppn points to Manipur unrest

The Centre highlights a decade of development under PM Modi, while the Opposition criticises its handling of Manipur unrest and the PM's continued absence from the state

Six years on, has PM-Kisan lived up to its promise of farmer relief?

The programme, meant to give a helping hand to small farmers, is the world's largest direct benefit transfer scheme and unarguably the Modi-led government's most ambitious

Reaping gains: Role of phosphorous and potash in Indian agriculture

Phosphorous helps in root development, flowering, seed formation, photosynthesis and disease resistance, while potash provides plant resistance from disease and stress

New Zealand PM Luxon hasn't given up on dairy in trade deal with India

New Zealand efforts to secure better access to India's huge markets have foundered in the past, in particular because India wants to shield its dairy industry from imports

'Merchanting trade' includes supply of goods within same foreign country

The CBEC Circular no.38/97-Customs dated 19th September 1997 says that any group company having status recognition as 'export house' under the FTP can give the corporate guarantee

42% of director positions vacant on boards of 12 public sector banks

The Ministry of Finance, in a reply in Lok Sabha, said that the PSBs intimate the vacancies on the board of the bank and difficulties faced by them, if any, from time to time

Datanomics: More Chinese market access may help counter Trump tariff impact

While India can look for innovative ideas to balance it out, one of the options available may be to persuade China to give it more market access

Net direct tax collections rise 13% to Rs 21.3 trn till March 16 of FY25

Advance tax collections jump 14.6% during the period

India's exports shrink 10.9% in February, the worst show in 20 months

Imports also see first drop in 11 months, bringing trade deficit to over 3-yr low

Govt assessing gains, challenges from US tariffs: Commerce secy Barthwal

Barthwal said govt is carrying out stakeholder consultations and assessing challenges, opportunities, and the broader impact of the additional tariffs imposed by the US on Indian exports

India, New Zealand explore digital payments, trade, and investment ties

Prime Minister Narendra Modi, Kiwi PM promise to quickly designate representatives for trade talks