Page 8 - Economy

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

Shipping regulator bars deployment of Indians in Strait of Hormuz

India's shipping regulator has again barred deployment of Indian seafarers on vessels transiting the Strait of Hormuz and asked ships to maintain heightened security vigilance

India expects relief in US Section 301 tariff after forced labour curbs

India expects lower US tariffs after aligning forced labour import rules with global standards amid ongoing Section 301 trade investigations

Odisha clears ₹32,000-cr rural infra push ahead of 2027 Panchayat polls

The Odisha Cabinet has approved a ₹32,000 crore package for rural roads, bridges and connectivity, covering 35,000 km of roads and 3,167 bridges over five years

Union Cabinet approves ₹25,000 crore road projects for Varanasi

The Union Cabinet has approved two road corridor projects worth ₹25,445 crore in Varanasi to improve connectivity, reduce congestion and enhance access to key religious and urban destinations

Brics adopts labour declaration, launches India-backed CONNECT platform

Brics labour ministers adopted a joint declaration in Hyderabad and launched the India-backed CONNECT platform to strengthen cooperation on labour, skills and social security

India-UK FTA offers tangible benefits, hope for $100 bn trade: UK official

With the India-UK CETA now in force, both countries expect lower tariffs, stronger business ties and a boost in bilateral trade towards the $100 billion mark

India's first ISP data: Hotels, retail drive services growth in April

The trial Index of Services Production offers a monthly snapshot of India's services economy, with hotels, retail, and administrative services leading growth in April

Govt begins national floor wage exercise. What changes for workers?

The national floor wage is intended to create a common minimum wage benchmark across India while allowing states to account for regional differences

Why India has banned import of goods produced using forced labour

India on Tuesday amended the foreign trade policy to prohibit the import of goods produced using forced labour.

Don't want E20 fuel? Buy 100% petrol, but pay more: Nitin Gadkari

Union Minister Nitin Gadkari defended the Centre's ethanol-blending programme, saying motorists who prefer 100 per cent petrol can buy it, but will have to pay more than for ethanol-blended fuel

US cuts India tariff threat from 500% to 100% under Russia sanctions bill

The revised US Senate bill cuts tariffs on buyers of Russian oil-India, China, Slovakia, Hungary and Azerbaijan-from 500% to 100%, while expanding sanctions on Russia

Accessible childcare can unlock India's female workforce: UNDP India chief

UNDP India chief Angela Lusigi says reducing women's unpaid care burden through affordable childcare is key to boosting workforce participation and improving access to skilling

Centre's net direct tax revenue rises 16.4% to ₹6.51 trn so far this year

Net direct tax collections rose 16.4% to ₹6.51 trillion by July 13, led by strong corporate tax growth and a sharp jump in securities transaction tax receipts

Hospitality leads as MoSPI unveils India's first services production index

India's first trial Index of Services Production covers 19 sectors accounting for nearly 60 per cent of services output, with accommodation and food services leading April growth

Costlier basket: WPI inflation hits a series-high at 9.9% in June

Wholesale inflation rose to a fresh record in June as food and primary article prices accelerated, outweighing a moderation in fuel and power inflation

In dire straits, again: Iran attacks deepen Hormuz shipping crisis

On Monday night, Iran hit two oil tankers from the United Arab Emirates with cruise missiles, killing an Indian crew member

India prohibits import of goods produced using forced labour amid US probe

India has prohibited imports of goods made using forced labour, issuing its first such notification as the US considers tariffs under a Section 301 investigation

Ficci launches Family Office Forum to unlock $30 billion for startups

The industry body aims to connect family offices with India's startup ecosystem through a dedicated platform for deal flow, co-investment and policy engagement