Page 9 - Economy
Geopolitical uncertainty slows MSME credit growth: CRIF High Mark
CRIF High Mark said MSME credit growth moderated amid global uncertainty, while early-stage stress surfaced among micro borrowers, manufacturing firms and working-capital loans
 "Geopolitical uncertainty slows MSME credit growth: CRIF High Mark")
Rupee weakness unlikely to trigger RBI rate hike; inflation in focus
June MPC meeting begins on Wednesday; decision to be announced on Friday
 "Rupee weakness unlikely to trigger RBI rate hike; inflation in focus")
Fuelling the new normal: The high cost of insulating India's fuel users
India is bearing a high cost to insulate motorists, kitchens and flyers from large-scale disruptions in fuel supply
 "Fuelling the new normal: The high cost of insulating India's fuel users")
UK won't undermine India FTA benefits; steel imports below quota: Leong
House of Lords member Sonny Leong says the UK remains committed to the India FTA and that steel imports are currently well below proposed quota thresholds
 "UK won't undermine India FTA benefits; steel imports below quota: Leong")
Centre seeks state funding support for urban NH decongestion projects
States can choose from four funding models, including sharing land acquisition costs, to support ring roads, bypasses and elevated corridors around cities
 "Centre seeks state funding support for urban NH decongestion projects")
Fuel price hikes could add up to 48 bps to inflation, warns Crisil
Crisil said cumulative increases in petrol and diesel prices could approach Rs 10 per litre, raising transport costs and exerting upward pressure on both food and core inflation
 "Fuel price hikes could add up to 48 bps to inflation, warns Crisil")
Odisha seeks Centre's backing for allocation of key mineral blocks to OMC
Chief Minister Mohan Charan Majhi has sought allocation of key bauxite and iron ore blocks to OMC and faster clearances to strengthen Odisha's mining sector
 "Odisha seeks Centre's backing for allocation of key mineral blocks to OMC")
Energy ties in focus as Venezuela's acting President begins India visit
Delcy Rodriguez will visit energy installations, meet industry leaders and discuss bilateral cooperation as India increases Venezuelan oil imports amid West Asia disruptions
 "Energy ties in focus as Venezuela's acting President begins India visit")
Why India needs cheaper finance to fight the rising cost of heatwaves
As heatwaves intensify, India needs more funding for climate adaptation. But rising borrowing costs and debt burdens are making climate finance harder and more expensive to access
 "Why India needs cheaper finance to fight the rising cost of heatwaves")
Govt to phase out WPI, launch new Producer Price Index in 5 years
The five-year period would give sufficient time to users to switch from WPI to PPI
 "Govt to phase out WPI, launch new Producer Price Index in 5 years")
India, US begin 3-day talks to finalise details of trade agreement
The US team is led by its chief negotiator Brendan Lynch. India's chief negotiator is Darpan Jain, who is an additional secretary in the Department of Commerce
 "India, US begin 3-day talks to finalise details of trade agreement")
RBI may maintain status quo in June, hike rates twice in FY27: Economists
Most of the respondents expect the central bank to resume policy tightening later in FY27 amid mounting inflation risks
 "RBI may maintain status quo in June, hike rates twice in FY27: Economists")
Iran war puts RBI in razor-edge policy bind over inflation, growth, rupee
The rupee has tumbled to record lows since the Iran war broke out at the end of February
 "Iran war puts RBI in razor-edge policy bind over inflation, growth, rupee")
India set to bargain hard in trade negotiations with US, UK this week
Trade agreements with the US and the UK could help cushion some of the headwinds while attracting foreign investment at a time when the rupee is under great pressure
 "India set to bargain hard in trade negotiations with US, UK this week")
India to ask US for relief from Section 301 probes as trade talks resume
The two nations reached an agreement on a trade pact earlier this year before the US Supreme Court struck down President Donald Trump's sweeping reciprocal tariffs
 "India to ask US for relief from Section 301 probes as trade talks resume")
India's industrial output grows 4.9% in April under new base year series
India's industrial output rises 4.9% in April under new IIP series, driven by manufacturing and capital goods growth
 "India's industrial output grows 4.9% in April under new base year series")
South-East Asian markets on UPI radar as NPCI pushes global expansion
NPCI International Payments is exploring bilateral UPI linkages with Indonesia, Thailand and Malaysia to expand the global footprint of India's payments network
 "South-East Asian markets on UPI radar as NPCI pushes global expansion")
Commercial LPG price rises ₹42; ATF for international airlines down 27%
Oil marketing companies have increased commercial LPG prices by Rs 42 per cylinder, while aviation turbine fuel for international airlines has been cut by 27 per cent
 "Commercial LPG price rises ₹42; ATF for international airlines down 27%")
New IIP series shows stronger growth in industrial output, shows data
General IIP growth rises to 6.7 per cent in 2023-24 under the 2022-23 base, compared with 5.9 per cent in the old series, and remains higher at 6.4 per cent versus 4 per cent in 2024-25
 "New IIP series shows stronger growth in industrial output, shows data")
Govt slashes expenditure by ₹60K cr to meet fiscal deficit target in FY26
In FY26, while revenue expenditure was cut by Rs 26,636 crore, capital expenditure was reduced by Rs 33,055 crore, leading to a dip in total expenditure by Rs 59,691 crore to Rs 49 trillion
 "Govt slashes expenditure by ₹60K cr to meet fiscal deficit target in FY26")