Business
Experts Call For New Set Of Policies For Manufacturing Revival
NEW DELHI: For the manufacturing sector to grow at a rate faster than the broader economy, and raise its share in the gross domestic product (GDP), a fresh set of policies would be required, in addition to the ones that are tried like production-linked incentives, industry executives and experts...
India, US Have Finalised Terms For Bilateral Trade Agreement: USTR
NEW DELHI: India and the US have finalised the terms of reference outlining the roadmap for negotiations of the proposed Bilateral Trade Agreement (BTA), according to a statement issued by the US. US Trade Representative (USTR) Jamieson Greer said that these ongoing talks will help achieve balance and reciprocity...
Reforms Key To India’s Growth Story Over Next Two Decades: FM
SAN FRANCISCO: India’s quest for sustained growth over the next two decades hinges on a new paradigm, driven by bold reforms, enhanced domestic capabilities, and strategic institutional collaborations suited for the evolving global landscape, Finance Minister Nirmala Sitharaman said on Monday. The last two Union Budgets have laid the...
IMF Lowers India’s Growth Projection To 6.2% For FY2025-26
NEW YORK: The Indian economy is projected to grow at 6.2 per cent in 2025-26, slower than earlier estimated rate of 6.5 per cent, due to escalated trade tensions and global uncertainty, the International Monetary Fund (IMF) said on Tuesday. “For India, the growth outlook is relatively more stable...
Global Strategists Positive On India But Expect Asia Growth To Decelerate
MUMBAI: Global strategists at Morgan Stanley and Bank of America (BofA) are positive on India even as the latter downgraded its forecasts for Asia growth amid persistent pressures from tariff shocks. However, they believe that uncertainty is still at historic levels and weak global markets can cap absolute returns....
RBI’s LCR Guidelines To Boost Credit Growth By 1-1.5%
MUMBAI: The Reserve Bank of India’s (RBI) final guidelines on the Liquidity Coverage Ratio (LCR) framework are expected to boost credit growth by 1–1.5%, according to brokerages. The softer-than-expected norms could unlock Rs 2–3 lakh crore, which can be deployed for lending. A lower run-off factor will also provide...
India Slaps 12% Safeguard Duty On Steel Imports From China, Others
NEW DELHI: The government on Monday imposed a provisional safeguard duty of 12% on imports of key steel products, including hot rolled coils (HRC), in view of a surge in shipments of the alloy varieties from several countries, especially China. The extra imposts, which are subject to riders and...
Core Sector Growth Rises Slightly To 3.8% In March, Shows Govt Data
NEW DELHI: India’s core sector growth rose by 3.8 per cent year-on-year (Y-o-Y) in March from an upwardly revised figure of 3.4 per cent in February, according to data released by the Ministry of Commerce and Industry on Monday. The growth was kept in check by a high base...
India PE/VC Investments Dip 14% In Q1 Amid Cautious Sentiment: Report
MUMBAI: Private equity and venture capital investments in India totalled $13.7 billion across 284 deals in the first quarter of calendar year 2025, marking a 14 per cent decline in deal value and a 20 per cent decline in deal volume from the same period last year, according to...
eNAM Remains Local, Inter-State Trade Minimal, Halves In FY25
NEW DELHI: Eight years since the launch of the electronic National Agriculture Market (e-NAM), which digitally integrated over 1,400 wholesale markets, inter-state and inter mandi trade via his platform has made little progress. Sources said that in FY25, inter-state eNAM trade declined sharply by 50% to Rs 21 crore...
RBI Eases Liquidity Coverage Ratio (LCR) Guidelines For Digital Deposits
MUMBAI: In a relief to banks, the Reserve Bank of India (RBI) on Monday announced an increase of only 2.5 percentage points in the run-off factor for banks’ retail deposits enabled with internet and mobile banking facilities, paring the level proposed earlier. In its draft liquidity coverage ratio (LCR)...
India, US Open Bilateral Channel On Steel, Aluminium Tariffs
NEW DELHI: Even as India’s challenge at the World Trade Organisation (WTO) against the US’ additional tariffs on steel and aluminium remains active, New Delhi has also initiated bilateral discussions on the matter, which is expected to be raised during a meeting next week, a senior official said. India...
Finance Ministry Seeks Faster Roll-Out Of Guaranteed Pension
NEW DELHI: Given the modest start of Unified Pension Scheme (UPS), the finance ministry has written to the pay & accounts offices (PAOs) of central ministries, urging them to take steps to expedite its roll-out. The finance ministry proposed that staff be sensitised to undertake their assigned roles and...
Energy Storage Sector To Attract Rs 4.79 Trillion Investment By 2032: IESA
NEW DELHI: India’s energy storage sector is likely to attract Rs 4.79 lakh crore investment by 2032, industry body India Energy Storage Alliance (IESA) said on Sunday. At the 5th Edition of International Conference on Stationary Energy Storage India (SESI) 2025 concluded last week at Gandhinagar, in Gujarat, industry...
Weather-Hit Veggies And Fruit Put Food Inflation On The Boil In FY25
NEW DELHI: From coconuts and garlic to potatoes and onions, soaring fruit and vegetable prices in FY25 drove up household grocery bills, accounting for over half of last year’s food inflation, as extreme weather disrupted supplies. Vegetables alone contributed 43.7% to the food inflation basket in FY25, up from...
India’s Private Sector Capex Likely To Slow Down Due To Tariffs: Goldman Sachs
NEW DELHI: India’s private sector capital expenditure (capex) could take a backseat in the near future due to rising uncertainty around global tariffs, according to a recent report by Goldman Sachs. The report highlighted that as tariff rates are yet to be finalised and are likely to remain in...
TOMCOM Signs MoUs With Japanese Agencies For Jobs For Telangana Youth
TOKYO: In a significant development to enhance global employment opportunities for the youth of Telangana, Telangana Overseas Manpower Company Ltd (TOMCOM), a state-run organisation under the Department of Labour, Employment, Training and Factories, Government of Telangana, MoUs with two leading companies — TERN (TGUK Technologies Pvt Ltd.) and Raj...
Coal Trade Exchange: Centre Extends Deadline Until May 7
NEW DELHI: The Government has extended the deadline to early next month for public comments on the proposed rules on Coal Trade Exchange that will facilitate the dry-fuel’s trading as a commodity. “Ministry of Coal had published the proposed draft legislations on Coal Trade Exchange for public consultation… Ministry...
