Page 9 - Economy
Datanomics: Microfinance stress abates as NBFCs lead asset-quality recovery
India's microfinance sector is recovering as defaults fall, loan sizes rise, and government guarantees extend to boost cheaper credit to small borrowers
 "Datanomics: Microfinance stress abates as NBFCs lead asset-quality recovery")
India must diversify energy routes, not just suppliers: S&P Global Energy
India's energy security depends on diversifying both suppliers and transport routes as West Asia tensions expose risks linked to the Strait of Hormuz
 "India must diversify energy routes, not just suppliers: S&P Global Energy")
Improve speed of doing business, says CII's president R Mukundan
CII has asked the govt to implement reform measures across sectors to boost "speed of doing business" as the industry is bothered about bottlenecks in multi-modal infra and high power costs, he said
 "Improve speed of doing business, says CII's president R Mukundan")
WTO to set up dispute panel in China's case against India's trade measures
China has alleged that India's tariffs and incentive measures discriminate against Chinese solar energy and information technology products and violate WTO norms
 "WTO to set up dispute panel in China's case against India's trade measures")
Govt begins anti-dumping probe into imports of electrical steel from China
The applicant has alleged that the cheap imports of 'Cold Rolled Grain Oriented Electrical Steel and Amorphous Metal' is significantly harming the domestic industry
 "Govt begins anti-dumping probe into imports of electrical steel from China")
India's private sector business activity slows to 3-month low in June
HSBC's flash PMI survey shows softer demand, slower output growth and weaker hiring momentum across manufacturing and services sectors in June
 "India's private sector business activity slows to 3-month low in June")
Businesses seek uniform GST audits, fewer tax disputes: Deloitte survey
Nine years after GST's rollout, businesses largely back the tax regime but seek more uniform audits, faster refunds and simpler compliance rules
 "Businesses seek uniform GST audits, fewer tax disputes: Deloitte survey")
Tax reforms to play key role in attracting global capital to India: Expert
The ICAI Singapore Chapter, in collaboration with the High Commission of India in Singapore and its International Taxation Committee, organised two knowledge sessions on India's evolving tax landscape
 "Tax reforms to play key role in attracting global capital to India: Expert")
Flash PMI growth eases to 57.4 in June as demand and hiring lose momentum
The HSBC Flash India Composite PMI Output Index fell to 57.4 in June from 59.3 in May, as demand, hiring and business optimism softened across both key sectors
 "Flash PMI growth eases to 57.4 in June as demand and hiring lose momentum")
OMCs' fuel marketing margins back above pre-conflict levels: Report
Composite margins on petrol and diesel sales at state-run refiners and fuel retailers are now above levels seen before the recent West Asia conflict
 "OMCs' fuel marketing margins back above pre-conflict levels: Report")
Fabian socialism held India back after 1991 reforms: A Greenspan view
In his 2007 memoir, Alan Greenspan praised India's reforms but argued that lingering socialist policies and bureaucracy were holding back its economic potential
 "Fabian socialism held India back after 1991 reforms: A Greenspan view")
Russian oil imports may hit record high in June on discounts, supply curbs
Until June 20, Russia contributed to nearly 50 per cent of India's total crude oil imports in the month, showed data from maritime intelligence firm Kpler
 "Russian oil imports may hit record high in June on discounts, supply curbs")
India faces very high credit exposure to water-management risks: Moody's
Moody's assigns India its highest water-risk score, citing groundwater depletion, ageing infrastructure and fragmented water governance
India's core sector growth slows to seven-month low of 0.5% in May
Coal output contracted 9.3 per cent in May, marking a 10-month low, while growth in petroleum refinery products slumped to a 42- month low of -8.7 per cent
 "India's core sector growth slows to seven-month low of 0.5% in May")
India faces very high credit exposure to water-management risks: Moody's
Moody's assigns India its highest water-risk score, citing groundwater depletion, ageing infrastructure and fragmented water governance
India-EU trade pact likely by year-end, operational in early 2027: Delphin
EU Ambassador Herve Delphin says legal vetting of the India-EU trade pact is nearing completion, with signing expected by year-end and implementation likely in early 2027
 "India-EU trade pact likely by year-end, operational in early 2027: Delphin")
Moody's warns against 'very high' credit exposure to water-management risks
Moody's assigns India its highest water-risk score, citing groundwater depletion, ageing infrastructure and fragmented water governance
 "Moody's warns against 'very high' credit exposure to water-management risks")
Safe harbour 2.0: Bigger net, lingering doubts as firms seek clarity
Revamp raises threshold, but experts warn of interpretational hurdles
 "Safe harbour 2.0: Bigger net, lingering doubts as firms seek clarity")
Four India-bound ships carrying fertilisers cross Hormuz after peace deal
Four fertiliser ships have crossed the Strait of Hormuz after the US-Iran peace deal, easing concerns over supplies for India's agriculture sector
 "Four India-bound ships carrying fertilisers cross Hormuz after peace deal")
Weak monsoon may cloud growth-inflation dynamics: RBI's June Bulletin
Recent policy measures likely to push up sovereign debt demand
 "Weak monsoon may cloud growth-inflation dynamics: RBI's June Bulletin")