Page 63 - Economy

PM Modi, Trump hold talks over phone, discuss ways to enhance trade

PM Modi and Trump held their first call since October, reviewing bilateral progress in trade, defence and technology, and reaffirming their commitment to a stronger strategic partnership

Fitch says most Indian firms shielded from rupee swings through hedging

Fitch says most Indian corporates have natural hedges or strong FX cover on foreign-currency debt, though renewables, utilities and toll road operators remain more exposed to rupee weakness

Parl panel asks govt to scale up Bharat Small Modular Reactors platform

It has recommended that NPCIL, with the Department of Atomic Energy (DAE) and Bhabha Atomic Research Centre (BARC), fast-track the development and deployment of advanced indigenous reactors

Uttar Pradesh govt funnels 11 new FDI proposals worth ₹13,610 crore

The US, Japan, Belgium, the United Kingdom, Poland, and Singapore are among the state's key global investment partners

FinMin streamlines recruitment, result timelines for public sector banks

This systematic sequencing is designed to assist candidates in expressing their preferences promptly and making well-informed decisions

Donald Trump risks being 'president who lost India', warns US lawmaker

Sydney Kamlager-Dove issued the warning during a congressional hearing on the US-India Strategic Partnership, citing rising tensions over tariffs, visa fee hikes, and Trump's political grievances

Trade deal with India would enhance bilateral ties: US representative

US Representative Huizenga stressed that every American administration, whether Republican or Democrat, has strengthened ties, or certainly at least attempted to

India-US trade deal likely by March 2026, FY27 outlook strong: CEA

Chief Economic Advisor V Anantha Nageswaran's comments come amid a series of exchanges between the two sides to reduce trade barriers

Mexico to impose tariff hike of up to 50% on India, Asian nations from 2026

The tariff hikes will apply to imports from countries that do not have trade agreements with Mexico, such as China, India, South Korea, Thailand and Indonesia

Tariff, immigration hurdles hurting Indo-US economic ties: US lawmaker

Trump warned of possible new tariffs on India's rice exports, accusing New Delhi of "dumping" cheap rice into the American market and harming US farmers

India one of the fastest-growing major economies, says US Representative

US Representative Bill Huizenga also stressed the wider strategic stakes of cooperation between Washington and New Delhi, noting the importance of their combined economic and geopolitical influence

Top 10% own two-thirds of India's wealth, bottom 50% hold 6.4%: Report

The report edited by economists Lucas Chancel, Ricardo Gómez-Carrera, Rowaida Moshrif, and Thomas Piketty shows that the top 1 per cent Indians hold about 40 per cent of the country's wealth

FTA talks with Oman, NZ in last leg, EU deal near closure: Piyush Goyal

Commerce Minister Piyush Goyal says several key trade pact negotiations are in their final stages

GSTAT state benches may miss December rollout as staffing, infra lag

The rollout of GST appellate tribunal benches is likely to miss the December deadline as staffing gaps and infrastructure delays stall operations, leaving lakhs of tax disputes unresolved

US trade team may press India on greater market access in agri products

The delegation headed by the Deputy US Trade Representative (USTR) Rick Switzer which is visiting India from 9 to 12 December has trade officials with expertise in agriculture among others

NHAI debt down to ₹2.39 trn; ministry says loans to be repaid by 2050

NHAI's debt stood at Rs 2.39 trillion as of November and is slated to be repaid by 2050, the road transport ministry told Parliament, outlining repayment plans through FY26 and beyond

ADB raises India's growth forecast by 70 bps to 7.2% on consumption boost

ADB has sharply raised India's FY26 growth forecast to 7.2% on stronger consumption post tax cuts, while inflation estimates have been lowered as prices soften and demand strengthens

Datanomics: Brics, SCO gain ground, but G7 holds the edge in GDP and trade

Putin questioned G7's economic dominance, as new data shows BRICS and SCO nations overtaking the bloc in global GDP share under purchasing power metrics

Panel flags 2-3 year coal mine clearance delays; seeks faster approvals

A parliamentary standing committee has flagged delays of up to nearly three years in environmental and forest clearances for coal mining projects

ADB sharply revises upward India's GDP growth forecast to 7.2% for FY26

The sharp upgrade of 0.7 percentage points of the Indian economy will help Asia to grow at a faster pace of 5.1 per cent as compared to earlier projection of 4.8 per cent for 2025