Page 7 - Economy

Uttar Pradesh govt bets on municipal bonds for infrastructure development

UP expands municipal bond programme to strengthen urban infrastructure financing and local body development

India must ease visas, boost connectivity to unlock tourism growth: WTTC

Gloria Guevara says India can accelerate tourism growth through visa reforms, better connectivity and higher international promotion as the sector's GDP contribution is set to rise

AI boom fuels 'K'-shaped growth, widens global divide: Moody's Analytics

In its Global Economy Outlook, Moody's Analytics said it expects global growth to slow to 2.5 per cent in 2026 and pick up to just 2.8 per cent in 2027

Govt identifies $51 bn in critical imports for domestic manufacturing push

India's latest push to boost domestic production comes ‌as it grapples with supply-chain risks heightened by geopolitical tensions

CBDT raises Cost Inflation Index to 384 for financial year 2026-27

The Cost Inflation Index for FY27 will apply from April 1, 2026, though indexation is now available only in limited cases involving certain land and building sales

Govt plans incentives to cut import reliance to shield India from shocks

Commerce Ministry is preparing a list of more than 100 products for higher domestic production as New Delhi seeks to ease pressure on the rupee and strengthen supply chains

India raises windfall tax on diesel and ATF exports amid oil surge

India has increased windfall taxes on diesel and aviation turbine fuel exports as global oil prices rise following the escalation of the US-Iran conflict

Tatas to foray into shipbuilding biz, eye $1 billion Kerala project

The Tata Group is planning a Rs 10,000 crore shipbuilding project in Kerala that could mark its entry into commercial shipbuilding, subject to the state government's approval.

Fed's Lisa Cook says ready to act if inflation does not cool soon

Federal Reserve Governor Lisa Cook said inflation risks now outweigh labour market concerns and signalled she is prepared to act if disinflation does not resume soon

India at risk of 100% US tariff for purchases of Russian crude oil

A revised bipartisan US Senate bill proposes a 100 per cent tariff on imports from the five largest buyers of Russian oil and gas, including India, while allowing presidential waivers

India's female unemployment rate rises to 15-month high of 5.9% in June

India's female unemployment rate rises to a 15-month high of 5.9% in June, while overall unemployment stays at 5.5% amid mixed labour market trends

Medtech firms seek curbs on third-country rerouting under India-UK CETA

Domestic medical device makers have sought stricter Rules of Origin and customs safeguards under the India-UK CETA to prevent third-country rerouting of imports into India

Rainfall derivatives: How Mumbai's monsoon actually got priced in

Six weeks into India's first rainfall derivative, the numbers have more to say than the launch-day press release did

Despite adequate domestic output, India continues to import ethanol from US

India has achieved 20% ethanol blending and boosted domestic output, yet continues to rely on US imports, keeping its ethanol trade deficit elevated

Centre offers 20 critical mineral blocks in eighth auction tranche

The Centre has launched the eighth tranche of critical mineral auctions, offering 20 blocks across nine states as it seeks to strengthen India's strategic mineral value chain

India flags off consignments worth $140 million to UK on Day 1 of FTA

India has operationalised its trade pact with the UK, enabling preferential tariffs from day one and flagging off $140 million worth of exports under the new regime

Govt approves greenfield shipbuilding cluster in Gujarat's Porbandar

The Centre has approved a greenfield shipbuilding cluster in Porbandar and backed a Rs 1,570 crore ship repair facility in Vadinar to strengthen India's maritime manufacturing

India posts $2 bn current account deficit in May as trade gap widens

India recorded a $2 billion current account deficit in May as the merchandise trade gap widened, while the balance of payments registered a deficit of $4.4 billion

Govt invites global bids for 10 gwh manufacturing under PLI ACC scheme

Centre invites global bids for 10 GWh ACC battery manufacturing under the PLI scheme to boost grid-scale energy storage and strengthen domestic production

CCEA clears ₹3,907-cr railway expansion projects in Odisha, Jharkhand

The CCEA has approved two railway expansion projects worth Rs 3,907 crore in Odisha and Jharkhand to enhance line capacity, ease congestion and improve freight movement