Page 83 - Economy

India, EU to hold talks on steel, auto and carbon tax issues under FTA

To advance the ongoing discussions, the EU technical team led by the Director General for Trade will visit India next week with the objective of achieving a constructive conclusion

RBI brings back more gold from abroad after West freezes Russia's reserves

As of the end of September, the RBI held 880 tonnes of gold, of which 576 tonnes were stored domestically - an all time-high

India-bound tanker carrying Russian crude makes u-turn in Baltic Sea

The Furia was moving westward in a strait between Denmark and Germany when it turned around on Tuesday and sailed for a short distance before slowing down drastically, ship-tracking data showed

Datanomics: Donald Trump's trade tariffs bring windfall gains for US

US customs revenue surged 153% in FY25 as tariff rates spiked to decade highs, lifting India's import share to a 10-year peak while China's slipped below 10% for the first time since 2015

'Last 20 yrs were about infra growth, next five will be about prosperity'

Bihar Minister Ashok Chaudhary says there's no anti-incumbency against Nitish Kumar and that the next five years will focus on prosperity after two decades of infrastructure-led growth

Talks to begin on continuance of IT hardware import-management system

With the IMS for laptops and IT hardware set to expire on December 31, ministries will review its future amid rising imports from China and US concerns over India's monitoring framework

Services sector risks falling into 'low-wage job trap': NITI Aayog report

Behind the boom lies a fragile core: informality and poor pay still define India's largest employer, says a NITI Aayog report

Cabinet approves 8th Pay Commission, names Justice Desai chairperson

The 8th Central Pay Commission will submit recommendations in 18 months, likely effective from January 2026, benefiting nearly 12 million employees and pensioners

Andaman discovery holds potential to change India's oil and gas landscape

The catch is that this is still a find of hydrocarbon presence; whether the basin will actually yield natural gas is still unknown, and even it does, it could take a decade for commercialisation

India is betting big on shipbuilding to anchor its maritime power push

Once a neglected sector, India's maritime industry is now at the heart of a Rs 70,000 crore plan to build ships, create jobs, and position the country among the world's top shipbuilders by 2047

Indian firms won't buy Rosneft or Lukoil crude via traders, says report

It is difficult to predict when Indian companies will place new orders for Russian oil, added the source, who declined to be named due to the sensitivity of the matter

Govt refiners eye smaller oil suppliers after US sanctions Rosneft, Lukoil

India has been balancing the risk of secondary sanctions - and the need to secure a trade deal with the US - against the risks that come with allowing much-needed ties to Russia to fray

Even before pandemic disruption HC tax cases took longer for disposal

The second of a two-part series on tax litigation looks at the time it takes for high courts to wind up cases

Indian engineers' median pay drops 40% in 2025, US salaries rise

Product and design professionals in India also saw median pay drop to $23,000, compared to $138,000 in the US, highlighting growing inequality in global tech salaries

Washington's push to put US corn in Indian cars to face tough road ahead

New Delhi would seek a reciprocal US tariff of 20 per cent or less and a swift deal, fearing Indian exporters could fall further behind Southeast Asian rivals if negotiations drag on

Economy accelerated in Q2FY26, momentum to sustain: Finance Ministry

The review also flagged the rise in long-term sovereign bond yields of major economies and said this could undermine the hedging role such bonds typically play in the financial markets

Chatroom: EODC not necessary for selling goods made from duty-free inputs

Understanding export-obligation timelines, currency-correction relief, and anti-dumping duty exemptions for EOUs

CoalMin proposes escrow fund for underground coal gasification blocks

Stakeholders have 30 days to submit comments on draft rules mandating pilot feasibility studies, real-time groundwater tracking, and escrow funds for UCG mine closure

Will comply with all international sanctions: IOC Chairman A S Sahney

India's state-run oil refiners procure crude oil from Russia from the spot market through traders, shielding the companies from direct impact of the US sanctions

Q2 biz confidence drops on US tariff; 1st fall after 3 qtrs of improvement

Micro, small, and medium enterprises (MSMEs) showed stable confidence, with their BCI inching up marginally from 137.1 to 138.2