Page 79 - Economy

India diversifies petroleum exports as traditional buyers cut sourcing

Move comes as traditional buyers of the country reduce imports

Tracking India's solar future: Why every GWh matters in energy transition

As India builds renewable capacity at record speed, the focus must shift from scale to strength-ensuring every GW added delivers dependable GWh and lasting energy security

Govt to hold meet with states next week to finalise national labour policy

The Union Labour Ministry will meet state labour ministers on November 11-12 to build consensus on the draft Shram Shakti Niti 2025 and discuss expansion of social security coverage

Chhattisgarh exports first batch of fortified rice kernels to Costa Rica

The 12-tonne export marks India's global debut in fortified rice trade, linking its nutrition mission with international markets

Uttar Pradesh govt to provide free pulses, oilseeds to 1 million farmers

UP is among India's top agricultural-producing states. Its food grain production jumped from 55.7 million tonnes (mt) in 2016-17 to nearly 72.5 mt in 2024-25

India's services PMI eases to 58.9 in October as cost pressures cool

India's services PMI eased to 58.9 in October, marking the slowest expansion since May as competition and heavy rains weighed on growth, while cost pressures receded

Mandi prices of major kharif crops show little improvement between Sept-Oct

Prices of soybean, moong, and groundnut remained below MSPs in late October despite some recovery, prompting government action through import curbs and procurement plans

Road, rail and defence lead FY26 capex surge; overall spend at 52%

Road Transport & Highways and Railways ministries lead capital expenditure in H1 FY26, with overall government capex reaching 52% of Budget estimates despite slower revenue growth

Rising committed expenditure squeezing states' development spending: PRS

PRS Legislative Research says states spend over 60 per cent of revenue on salaries, pensions, and subsidies, limiting room for growth and welfare spending

India to protect dairy, MSMEs in FTA with New Zealand: Piyush Goyal

Commerce Minister Piyush Goyal said India will not compromise on sensitive sectors like dairy and MSMEs in its proposed trade pact with New Zealand, where talks have seen major progress

India continues to buy 'huge quantities of Russian feedstock': Envoy

As per estimates for the month of October 2025 that Russian feedstock purchases by India stand at approximately the same level of 1.75 million barrels daily

MIF suggests exports of value-added items to tackle tariff impact

Mother India Forming, which is into precision and sheet-metal-cold-roll-forming business, emphasised on innovation, technology integration, and cost-efficient, trade-aware manufacturing

Imports of seamless pipes, tubes from China rise two-fold in FY25: Report

The country had imported 2.44 lakh metric tonnes of seamless pipes and tubes from China in the preceding financial year

Trump, Modi speak frequently as trade talks continue, says White House

Trump said last week in South Korea that he wanted to reach a trade deal with India, signalling a thaw in relations that soured to their lowest point in decades

GST collections dip in 20 of 36 states and Union Territories in October

Twenty of India's 36 states and UTs saw GST revenue decline in October 2025 - the weakest month of FY26 - as businesses adjusted to the GST 2.0 rate cuts implemented in late September

Govt urges banks to deepen presence in IIBX, expand GIFT City operations

The senior government official further noted that the intent is to strengthen the ecosystem around IIBX and ensure that banks play a larger role in facilitating bullion trade and related financial flo

Make the most of free-trade agreements, PM Narendra Modi tells exporters

At a high-level meeting with export councils, PM Modi called on exporters to fully leverage India's FTAs amid US tariff hikes, while industry sought policy and financial relief

India needs to find vocations least impacted by AI: CEA Nageswaran

He further added that AI is moving in an automation-centric direction, which is likely to replace labour, instead of taking a human-centric approach

Privatising PSBs won't impede financial inclusion, says FM Sitharaman

Finance Minister Nirmala Sitharaman said India's next set of customs reforms is in progress after GST, adding that the country is on track to meet its fiscal goals and become a top-three economy soon

Centre to notify Labour Code rules before winter session of Parliament

The four Codes that are part of the Centres's attempts to enact labour reforms have remained stuck, with neither the Centre nor the states moving to notify them yet