Economy & Policy News

Gujarat leads in FY25 loan growth, Karnataka in deposits, shows data

RBI data shows state-wise credit trends; Maharashtra leads in outstanding credit and deposits, while Gujarat records highest growth

India-US trade talks: DPDP Act, Information Technology rules dominate

Washington considers specific provisions in the DPDP rules and IT Rules non-tariff barriers for its companies

'India-Sweden economic corridor positioned for robust expansion'

This optimistic outlook builds on the fact that Swedish companies invested a total of $2.5 bn in India over the last six years, highlighting the expanding economic corridor between the two nations

Cabinet clears India-Oman CEPA ahead of PM Narendra Modi's Muscat visit

CEPA expected to boost bilateral trade beyond current $10.6 billion, with focus on petroleum, urea, and manufactured goods

India, Oman to ink free trade agreement during PM Narendra Modi visit

The Union Cabinet has cleared the India-Oman CEPA ahead of PM Narendra Modi's visits to Jordan, Ethiopia and Oman next week, with the tour set to focus on trade, investment and key regional issues

Datanomics: Auto components, telecom parts drive India exports to Mexico

The move is seen as a way to protect Mexico's domestic industry

MGNREGA to see a name change, rise in guaranteed employment days

Cabinet clears Bill to rename MGNREGS as 'Poojya Bapu Grameen Rozgar Yojana' and raise guaranteed employment from 100 to 125 days

Slower food deflation nudges retail inflation to 0.71% in November

Food deflation eases to -3.91%, rural inflation turns positive at 0.10%, but gold & silver surge above 58% keeps core elevated

Govt clears CoalSETU window to auction coal linkages for all uses, exports

This is the first time coal linkages are being opened without end-use restrictions. It is aimed at expanding access to domestic coal, improving resource utilisation and reducing import dependence

RBI deputy governor warns of stablecoin risks, dismisses claims of utility

India is currently running a retail and wholsesale pilot for its central bank digital currency, which has about 7 million users

Retail inflation rises marginally to 0.71% in Nov on higher food prices

November CPI-based inflation: The food inflation in November stood at -3.91 per cent, marking an increase from -5.02 per cent in October

Piyush Goyal hosts Italy's deputy PM to boost strategic and economic ties

Goyal further noted that dinner also brought together top industry leaders from India and Italy, during which constructive discussions were held on new collaborations across multiple sectors

Reorient PLI scheme on labour-intensive sectors to create more jobs: NCAER

The study urges a reorientation of incentives toward textiles, garments and food processing to boost employment

Rupee hits fresh low on outflows and US trade deal delay; bond yields ease

Rupee depreciated to a fresh all-time low as foreign outflows and uncertainty over the US-India trade deal pressured sentiment, while an RBI OMO purchase auction helped soften government bond yields

No hard stop set in India-US trade discussions, says Piyush Goyal

Piyush Goyal says India and US are negotiating a trade deal without fixed deadlines, stressing steady progress and mutual benefit as both sides work to resolve pending issues

Mexico imposes up to 50% tariff on imports from India and China

Mexico's decision to levy tariffs of 5-50% on over 1,400 products from India and other Asian nations has alarmed exporters already hit by US duties, with engineering goods and automobiles

India's crude oil loadings from Russia dip, but robust in December

Unless wider secondary sanctions are introduced, India is expected to continue sourcing from non-sanctioned Russian suppliers, say experts

PM Modi, Trump hold talks over phone, discuss ways to enhance trade

PM Modi and Trump held their first call since October, reviewing bilateral progress in trade, defence and technology, and reaffirming their commitment to a stronger strategic partnership

Fitch says most Indian firms shielded from rupee swings through hedging

Fitch says most Indian corporates have natural hedges or strong FX cover on foreign-currency debt, though renewables, utilities and toll road operators remain more exposed to rupee weakness

Parl panel asks govt to scale up Bharat Small Modular Reactors platform

It has recommended that NPCIL, with the Department of Atomic Energy (DAE) and Bhabha Atomic Research Centre (BARC), fast-track the development and deployment of advanced indigenous reactors