Page 78 - Economy
India, Australia discuss progress of trade pact talks; agree on conclusion
During the meeting, the Ministers reviewed the progress made under the CECA negotiations and discussed pathways to elevate bilateral trade and economic partnerships
 "India, Australia discuss progress of trade pact talks; agree on conclusion")
India, New Zealand trade pact to boost trade, investment ties: Ministry
The fourth round of negotiations on the India-New Zealand Free Trade Agreement (FTA) concluded on November 7, in Auckland and Rotorua
 "India, New Zealand trade pact to boost trade, investment ties: Ministry")
Centre to allow 1.5 mn tonnes sugar exports, scrap 50% molasses duty
Sources in the sugar industry said the food ministry has decided to allow exports of 1.5 million tonnes of sugar in 2025-26, but a final nod from a high-powered group of ministers is still awaited
 "Centre to allow 1.5 mn tonnes sugar exports, scrap 50% molasses duty")
EU carbon levy may tilt steel trade away from India: Kuehne + Nagel's exec
In worst-case scenario, European importers could shift towards China, says Kuehne + Nagel's exec
 "EU carbon levy may tilt steel trade away from India: Kuehne + Nagel's exec")
India needs more financial reforms to hit $30 trn goal, says World Bank
World Bank's recent FSA report highlights that India's financial system has become more resilient, diversified, and inclusive since the last FSAP in 2017
 "India needs more financial reforms to hit $30 trn goal, says World Bank")
Thali cost dips in October as falling food prices ease inflation
Prices of vegetables, onions, potatoes, and broilers fell in October, bringing down the average cost of a home-cooked thali and extending deflation in essential commodities
 "Thali cost dips in October as falling food prices ease inflation")
India's FY26 growth to be above 6.8% driven by GST, tax relief: CEA
The Economic Survey tabled in parliament in January had projected real economic growth of 6.3-6.8% for FY26
 "India's FY26 growth to be above 6.8% driven by GST, tax relief: CEA")
After September high, e-way bills soften 4% to 126.85 million in October
Tax experts said the month-on-month moderation in October may also reflect transitional business responses that have been observed since the GST-2 rate rationalization exercise of September 20222
 "After September high, e-way bills soften 4% to 126.85 million in October")
Frauds per transaction rising, says RBI Deputy Governor T Rabi Sankar
He said that in a truly competitive market, banks might have sought to recover these additional costs from fintechs, but doing so could have slowed the pace of technological adoption.
 "Frauds per transaction rising, says RBI Deputy Governor T Rabi Sankar")
Regulators can work together to minimise overlaps: RBI Deputy Governor
RBI Deputy Governor Swaminathan J said regulators should coordinate to reduce overlaps and close gaps without hindering innovation, calling for proportional and outcome-based regulation
 "Regulators can work together to minimise overlaps: RBI Deputy Governor")
India seeks clarity from EU on carbon tax, steel rules during FTA talks
During week-long India-EU FTA negotiations, New Delhi pressed for predictable implementation of the EU's carbon tax and proposed steel regulation to ensure balanced trade terms
 "India seeks clarity from EU on carbon tax, steel rules during FTA talks")
Calcutta HC directs immediate resumption of MGNREGA work in West Bengal
The matter was taken up by the Division Bench comprising Justice Sujoy Paul, acting chief justice, and Justice Partha Sarathi Sen, after being mentioned earlier in the day
 "Calcutta HC directs immediate resumption of MGNREGA work in West Bengal")
India's foreign exchange reserves fall by $5.6 bn as gold reserves decrease
The reserves had hit a record high of $705 billion in September 2024
 "India's foreign exchange reserves fall by $5.6 bn as gold reserves decrease")
Rapid renewables rollout vs demand mismatch driving up power costs: CEA
The country achieved 50% of its installed electricity capacity from non-fossil fuel sources earlier this year
 "Rapid renewables rollout vs demand mismatch driving up power costs: CEA")
Eli Lilly's Mounjaro tops India pharma charts with ₹100 crore sales in Oct
Mounjaro is part of a new generation of weight-loss and diabetes drugs that target metabolic hormones. Introduced in March, it was launched ahead of rival Novo Nordisk's Wegovy
 "Eli Lilly's Mounjaro tops India pharma charts with ₹100 crore sales in Oct")
Smaller SUVs to see fastest growth after GST rate cut: Skoda's Ashish Gupta
Biggest sales advantage is in the sub 4-metre segment, says Ashish Gupta
 "Smaller SUVs to see fastest growth after GST rate cut: Skoda's Ashish Gupta")
Mandi prices of major kharif crops show little improvement, shows data
This could have serious implications on farmers' earnings as the kharif harvest has picked up pace since late October
 "Mandi prices of major kharif crops show little improvement, shows data")
Rajasthan govt approves land allotment in key districts for industry
The state government had already announced the one-district-one-product (ODOP) policy in December 2024, the official said.
 "Rajasthan govt approves land allotment in key districts for industry")
Nations look to India's energy transition experience for lessons: Ghosh
Arunabha Ghosh, founder & CEO of Delhi-based think tank CEEW, speaks about his role as an envoy for South Asian nations at the Conference of Parties
 "Nations look to India's energy transition experience for lessons: Ghosh")
Competition, rains drag services activity to 5-month low in October
India's services PMI slipped to 58.9 in October, a five-month low, as competition and rains slowed growth even as demand and GST relief supported business optimism
 "Competition, rains drag services activity to 5-month low in October")