Page 75 - Economy
India's forex reserves fall by $2.7 bn to $687 bn in early November
The forex kitty has been on a declining trend for the past few weeks, and had decreased by USD 5.623 billion to USD 689.733 billion in the previous reporting week
 "India's forex reserves fall by $2.7 bn to $687 bn in early November")
Edible oil imports up 22% to ₹1.61 trillion in 2024-25; volume flat: SEA
The increase in edible oil imports in value terms was 22 per cent because of higher global prices
 "Edible oil imports up 22% to ₹1.61 trillion in 2024-25; volume flat: SEA")
India's wholesale inflation dips to -1.21% in Oct against 0.13% in Sep
October 2025 WPI-based inflation: The negative rate of inflation is primarily due to a decrease in prices of food articles, crude petroleum & natural gas, electricity, and mineral oils
 "India's wholesale inflation dips to -1.21% in Oct against 0.13% in Sep")
CBDT plans nationwide outreach ahead of new Income Tax Act, 2025 rollout
Starting January 2026, the CBDT will conduct nationwide awareness and training programmes to familiarise taxpayers with the new Income Tax Act, 2025, which comes into effect on April 1, 2026.
 "CBDT plans nationwide outreach ahead of new Income Tax Act, 2025 rollout")
IT is in the headlines but still ranks third in Indian services sector
The services sector's contribution to India's economy more than doubled over the last decade, with IT services GVA growing nearly fourfold despite current industry headwinds
 "IT is in the headlines but still ranks third in Indian services sector")
India negotiating trade pact with US, EU, other nations: Piyush Goyal
The minister added that lowering trade barriers globally will help promote free flow of goods, services and capital
 "India negotiating trade pact with US, EU, other nations: Piyush Goyal")
Govt may need ₹2,000 cr corpus to implement credit guarantee scheme
The Centre will provide ₹2,000 crore to back a ₹20,000-crore credit guarantee scheme aimed at easing liquidity for exporters, especially MSMEs, amid tariff pressures from the US
 "Govt may need ₹2,000 cr corpus to implement credit guarantee scheme")
₹25K crore export push clears Cabinet hurdle, implementation next
EPM to aid MSMEs with trade finance, market access; IES to be revamped
 "₹25K crore export push clears Cabinet hurdle, implementation next")
India's Q2 economic growth may have surpassed RBI's 7% projection
Economists see growth above 7% in July-September, backed by consumption revival, robust capex, and steady industrial output; RBI had earlier pegged Q2 GDP at 7%
 "India's Q2 economic growth may have surpassed RBI's 7% projection")
Manmohan Singh was no free market ideologue: Montek Singh Ahluwalia
Manmohan Singh was not a free-market ideologue but a reformer guided by pragmatism, integrity, and faith in the state's developmental role, says Ahluwalia
 "Manmohan Singh was no free market ideologue: Montek Singh Ahluwalia")
Andhra eyeing investments worth ₹40 trn by 2029: N Chandrababu Naidu
Naidu outlines a tech-driven roadmap for the state - from AI data centers and quantum computing to green hydrogen and MSME-led industrial growth
 "Andhra eyeing investments worth ₹40 trn by 2029: N Chandrababu Naidu")
New GST rates help cut Oct inflation by 85 bps to record low 0.25%: Experts
The Consumer Price Index- (CPI-) based retail inflation was lowest in the current series (base year 2012), which captures data since January 2014
 "New GST rates help cut Oct inflation by 85 bps to record low 0.25%: Experts")
Chhattisgarh govt starts biggest copper concentrate export to China
Equipped with the latest cargo handling systems, rail connectivity, and multimodal integration, the facility enables industries to access global markets
 "Chhattisgarh govt starts biggest copper concentrate export to China")
MSMEs in Uttar Pradesh seek trade partners in Africa, Latin America
The Indian Industries Association (IIA) will host International Tourism & Hospitality Expo (ITH Expo 2025) in Varanasi from December 18 to19
Decoded: How the 8th Pay Commission could change govt pay and pensions
As the 8th Pay Commission begins work, here is how it will review salaries, allowances and pensions, and why its recommendations could reshape government finances and employee welfare
 "Decoded: How the 8th Pay Commission could change govt pay and pensions")
Textile exports to 111 countries record 10% growth during Apr-Sep: Govt
Overall, India's global exports of textiles, apparel and made-ups grew marginally by 0.1 per cent during April-September 2025
 "Textile exports to 111 countries record 10% growth during Apr-Sep: Govt")
Indian economy poised for 6.5% growth through 2027: Moody's Ratings
Moody's said that there are several risks ahead, including geopolitical tensions, trade disruptions, and unstable financial markets
 "Indian economy poised for 6.5% growth through 2027: Moody's Ratings")
India's vegetable oil imports flat at 16.3 million tonnes in 2024-25: SEA
Soybean oil imports hit a record 5.47 million tonnes in 2024-25, surpassing the previous high of 4.23 million tonnes set in 2015-16, SEA said
Govt's ₹45,000 cr schemes to boost global competitiveness: Exporters
Export Promotion Mission (₹25,060 crore) and the Credit Guarantee Scheme (₹20,000 crore) will strengthen India's export ecosystem and global competitiveness
 "Govt's ₹45,000 cr schemes to boost global competitiveness: Exporters")
DPIIT gets 13 PLI applications for white goods with ₹1,914 cr commitment
These investments focus on producing copper tubes, aluminium stock, compressors, motors, heat exchangers, control assemblies, and other high-value components
 "DPIIT gets 13 PLI applications for white goods with ₹1,914 cr commitment")