Page 43 - Economy

UK won't undermine India FTA benefits; steel imports below quota: Leong

House of Lords member Sonny Leong says the UK remains committed to the India FTA and that steel imports are currently well below proposed quota thresholds

Centre seeks state funding support for urban NH decongestion projects

States can choose from four funding models, including sharing land acquisition costs, to support ring roads, bypasses and elevated corridors around cities

Fuel price hikes could add up to 48 bps to inflation, warns Crisil

Crisil said cumulative increases in petrol and diesel prices could approach Rs 10 per litre, raising transport costs and exerting upward pressure on both food and core inflation

Odisha seeks Centre's backing for allocation of key mineral blocks to OMC

Chief Minister Mohan Charan Majhi has sought allocation of key bauxite and iron ore blocks to OMC and faster clearances to strengthen Odisha's mining sector

Energy ties in focus as Venezuela's acting President begins India visit

Delcy Rodriguez will visit energy installations, meet industry leaders and discuss bilateral cooperation as India increases Venezuelan oil imports amid West Asia disruptions

Why India needs cheaper finance to fight the rising cost of heatwaves

As heatwaves intensify, India needs more funding for climate adaptation. But rising borrowing costs and debt burdens are making climate finance harder and more expensive to access

Govt to phase out WPI, launch new Producer Price Index in 5 years

The five-year period would give sufficient time to users to switch from WPI to PPI

India, US begin 3-day talks to finalise details of trade agreement

The US team is led by its chief negotiator Brendan Lynch. India's chief negotiator is Darpan Jain, who is an additional secretary in the Department of Commerce

RBI may maintain status quo in June, hike rates twice in FY27: Economists

Most of the respondents expect the central bank to resume policy tightening later in FY27 amid mounting inflation risks

Iran war puts RBI in razor-edge policy bind over inflation, growth, rupee

The rupee has tumbled ​to record lows since the Iran war broke out at the end of February

India set to bargain hard in trade negotiations with US, UK this week

Trade agreements with the US and the UK could help cushion some of the headwinds while attracting foreign investment at a time when the rupee is under great pressure

India to ask US for relief from Section 301 probes as trade talks resume

The two nations reached an agreement on a trade pact earlier this year before the US Supreme Court struck down President Donald Trump's sweeping reciprocal tariffs

India's industrial output grows 4.9% in April under new base year series

India's industrial output rises 4.9% in April under new IIP series, driven by manufacturing and capital goods growth

South-East Asian markets on UPI radar as NPCI pushes global expansion

NPCI International Payments is exploring bilateral UPI linkages with Indonesia, Thailand and Malaysia to expand the global footprint of India's payments network

Commercial LPG price rises ₹42; ATF for international airlines down 27%

Oil marketing companies have increased commercial LPG prices by Rs 42 per cylinder, while aviation turbine fuel for international airlines has been cut by 27 per cent

New IIP series shows stronger growth in industrial output, shows data

General IIP growth rises to 6.7 per cent in 2023-24 under the 2022-23 base, compared with 5.9 per cent in the old series, and remains higher at 6.4 per cent versus 4 per cent in 2024-25

Govt slashes expenditure by ₹60K cr to meet fiscal deficit target in FY26

In FY26, while revenue expenditure was cut by Rs 26,636 crore, capital expenditure was reduced by Rs 33,055 crore, leading to a dip in total expenditure by Rs 59,691 crore to Rs 49 trillion

Manufacturing PMI rises to 3-month high in May as demand stays firm

Manufacturing activity expanded at its fastest pace in 3 months in May, supported by stronger domestic demand, while input cost inflation remained elevated amid continued geopolitical uncertainties

Net GST revenue rises 3.3% in May as import-linked collections stay strong

Net GST revenue rose 3.3 per cent year-on-year in May, supported by strong import-linked collections, while adjusted gross revenue growth stood at 9 per cent

West Asia crisis: ECLGS 5.0 draws ₹1.71 trn credit demand, says govt

Emergency credit applications have crossed Rs 1.71 lakh crore as the government moves to secure fertiliser supplies and safeguard food and energy security amid the West Asia crisis