Page 242 - Economy
Govt weighs LPG subsidy for oil marketing companies as losses mount
As cooking gas underrecoveries soar, Centre considers ~40K cr mid-year payout
 "Govt weighs LPG subsidy for oil marketing companies as losses mount")
RBI allows matching of PM-GAH transactions on NDS-OM, CCIL settlement
Currently, transactions between a PM and its own GAH or between two GAHs of the same PM are not permitted to be matched on NDS-OM
 "RBI allows matching of PM-GAH transactions on NDS-OM, CCIL settlement")
US' reciprocal tariffs on Indian exports will have a limited impact: SBI
The latest report by SBI's Economic Research Department suggests that the overall bilateral negotiations between India and US could provide further collateral benefit to India
 "US' reciprocal tariffs on Indian exports will have a limited impact: SBI")
India, US to finalise broad contours of trade agreement: Commerce Ministry
The two countries have also agreed to collaborate to enhance bilateral trade by increasing US exports of industrial goods to India and Indian exports of labour-intensive manufactured products to US
 "India, US to finalise broad contours of trade agreement: Commerce Ministry")
Rajasthan approves Rs 5,120 cr to improve drinking water supply in state
To provide over 800,000 new drinking water connections in 176 cities and towns across Rajasthan
 "Rajasthan approves Rs 5,120 cr to improve drinking water supply in state")
Boosted by PLI scheme, India's smartphone exports hit record Rs 1.5 trn
Smartphone exports during the 10 months leading up to January were 56 per cent higher than the Rs 991.2 billion recorded in the same period of FY24
 "Boosted by PLI scheme, India's smartphone exports hit record Rs 1.5 trn")
Foreign companies' tax burden hits record low in India, shows CMIE data
Corporation tax cuts, GST reforms, compliance measures behind decline in tax outgo
 "Foreign companies' tax burden hits record low in India, shows CMIE data")
Indian companies take a cautious stance on US reciprocal tariff moves
India exported about $6.79 bn worth of auto parts to US in 2023-24. Overall auto component exports stood at $21.2 bn, while imports from US were $1.63 bn of total $20.9 bn in auto component imports
 "Indian companies take a cautious stance on US reciprocal tariff moves")
Proposed India-US BTA: US may ask for more access to agri products, ethanol
"The US will ask for major concessions in dairy and agri products, ethanol and removal of price control on medical devices.'' a former senior commerce ministry official said
 "Proposed India-US BTA: US may ask for more access to agri products, ethanol")
Welfare schemes and rural jobs fuel labour crisis, say industry executives
Vimal Kejriwal, managing director and CEO of KEC International, in a recent call with analysts, noted that labourers earlier worked at a site for close to a year before availing their annual leave
 "Welfare schemes and rural jobs fuel labour crisis, say industry executives")
Announcement on India-US trade pact has lifted business confidence: Goyal
Both countries will hold talks to increase market access, reduce tariff and non-tariff barriers, and deepen supply chain integration
 "Announcement on India-US trade pact has lifted business confidence: Goyal")
Statsguru: Are Indian tariffs truly 'top of the pack' as Trump claims?
Does India charge more than its peers in world trade?
 "Statsguru: Are Indian tariffs truly 'top of the pack' as Trump claims?")
India-US TRUST, IMEC to drive economic, infra cooperation: Experts
Prime Minister Narendra Modi and US President Donald Trump have agreed on the TRUST initiative, to emphasise on creating strong supply chains of critical minerals, advanced materials
 "India-US TRUST, IMEC to drive economic, infra cooperation: Experts")
Announcement of India-US trade agreement has boosted biz confidence: Goyal
During the recent visit of Prime Minister Narendra Modi to Washington, India and the US announced to more than double the two-way commerce to $500 billion by 2030 and negotiate the first tranche
Odisha's economy estimated to grow by 7.2% in FY25: State survey
The report, which was laid before the state assembly on Saturday evening, stated that the size of Odisha's economy proxied by GSDP at current prices is estimated to be at Rs 9.5 trillion in 2024-25
 "Odisha's economy estimated to grow by 7.2% in FY25: State survey")
BITs should capture national interest, current model will be revamped: FM
Speaking at the inauguration of the first PG Certificate Course on International Commercial & Investment Treaty Arbitration in New Delhi, Sitharaman said issues related to BIT are unique
 "BITs should capture national interest, current model will be revamped: FM")
India fastest growing economy, inflation under control, says Vaishnaw
Earlier on Tuesday, in a significant boost to India's semiconductor ambitions, Union Minister Ashwini Vaishnaw informed about a major investment of over Rs 10,000 crore in India from Lam Research
 "India fastest growing economy, inflation under control, says Vaishnaw")
Fresh harvest pulls down WPI inflation to 2.31%, shows govt data
Prices of food items like cereals (7.33 per cent), wheat (9.75 per cent), pulses (5.08 per cent), onion (28.33 per cent), and milk (2.69 per cent) accelerated during the month
 "Fresh harvest pulls down WPI inflation to 2.31%, shows govt data")
India's forex reserves climb $7 bn to $638 bn on revaluation effect
The total reserves rose on the back of the rise in foreign currency assets which rose by $6.42 billion to $544.11 billion during the week
 "India's forex reserves climb $7 bn to $638 bn on revaluation effect")
India-US trade ties: For smartphone exports, it's all or nothing
India imposes an effective import duty of 16.5 per cent on smartphones, whereas the US has a zero-duty policy
 "India-US trade ties: For smartphone exports, it's all or nothing")