Business
Indian Economy To Grow On Back Of Right Strategies: FinMin Report
NEW DELHI: With the right strategies in place, continued domestic reforms, and a strong focus on infrastructure development and job creation, the economy can demonstrate resilient growth despite global uncertainties, a finance ministry report said on Tuesday. India’s long-term growth is driven by macroeconomic stability, a resilient external sector,...
Mini Deal With US Likely Before Tariff Pause Ends
NEW DELHI: India may strike a mini trade deal with the US, before Washington’s pause on reciprocal tariffs is lifted in early July and avoid the extra levies restricting market access to the world’s largest economy along with Asian peers South Korea and Japan, and several others. Earlier than...
Retail Investors Should Stay Invested For Long: SEBI Chairman
MUMBAI: India is in a reasonably good spot despite global headwinds and retail investors should stay invested for long market volatility notwithstanding, Sebi Chairman Tuhin Kanta Pandey said on Tuesday. India has shown a lot of resilience ever since the tariff war began to impact markets worldwide, Pandey said...
US Keeps India On ‘Priority Watch List’ For Alleged IP Violations
NEW DELHI: The United States on Tuesday retained India in its “priority watch list” for protecting and enforcing intellectual property (IP) rights, saying the country is one of the world’s “most challenging” major economies in the matter. The US Trade Representative (USTR) acknowledged that India has made “meaningful progress”...
Private Sector Capex May Dip 25% To Rs 4.88 Lakh Crore In FY26
NEW DELHI: Intended capital expenditure of the private corporate sector is estimated to decline by about 25 per cent to Rs 4.88 lakh crore in 2025-26 from Rs 6.56 lakh crore in FY25, said a government survey report released on Tuesday. According to the Forward-Looking Survey on Private Sector...
Trade Deal With US May Be Rich In Tech Content
NEW DELHI: India will pitch hard for the US to ease export controls on assorted high-technology sectors in negotiations for the proposed bilateral trade agreement (BTA) with the world’s largest economy. Indian negotiators wrapped up the talks under mutually agreed terms of reference (ToR) between the two countries late...
IMF-World Bank Meetings End With Very Little Clarity On Tariff
WASHINGTON: Global finance leaders came to Washington this past week seeking clarity on what it would take to get some relief from President Donald Trump’s multi-layered tariff assault and on just how much pain it will bring to the world economy. Most headed home with more questions than answers....
RBI Governor Sanjay Malhotra Urges US Industry To Invest In India
WASHINGTON: Reserve Bank Governor Sanjay Malhotra has exhorted the US industry to invest in India, stressing that the country continues to be the fastest growing major economy supported by policy consistency and certainty. Addressing the US-India Economic Forum organised by the Confederation of Indian Industry and US India Strategic...
Insurance Amendment Bill Likely To Be Introduced In Monsoon Session
NEW DELHI: The Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, may be introduced in Parliament in the upcoming monsoon session, sources said. The draft bill is ready and will be placed before Cabinet for its approval soon, sources said, adding, after Cabinet nod...
Indirect Indian Exports To Pakistan At $10 Billion: GTRI
NEW DELHI: While the direct trade between India and Pakistan is miniscule, Indian goods worth $10 billion reach the western neighbour annually through indirect channels, according to estimates by the Global Trade Research Initiative (GTRI). To get around trade restrictions, goods are routed through ports in Dubai, Singapore and...
Government Notifies Goods & Services Tax Appellate Tribunal Rules
NEW DELHI: The government has notified the Goods and Services Tax Appellate Tribunal (Procedure) Rules, which provide for mandatory e-filing of applications and conducting hearings in a hybrid mode. The rules also provide that any urgent matter filed by an applicant before 12:00 noon shall be listed before the...
India Slashed Extreme Poverty To 2.3% In FY23, Shows World Bank Data
NEW DELHI: India has made significant progress in reducing poverty, with extreme poverty — measured at $2.15 per day in purchasing power parity (PPP) terms — falling from 16 per cent in 2011–12 to 2.3 per cent in 2022–23, according to the World Bank. The decline lifted 171 million...
India May Allow Up To 49% Foreign Direct Investment In Nuclear Power Plants
NEW DELHI: India could allow foreign companies to take a stake of up to 49 per cent in its nuclear power plants, three government sources said, as New Delhi draws up plans to open up its most guarded sector to help achieve goals to cut carbon emissions. The government...
India’s Economy Projected To Grow By 6.5% In FY26
NEW DELHI: India’s economy could expand by 6.5% in the current financial year, supported by falling crude oil prices and manageable inflation levels, despite global trade tensions rising and the international economy slowing down. The EY’s latest Economy Watch report released on Friday outlined four key global factors shaping...
Proposed Pharma Tariffs May Spike US Drug Prices By 12.9%
LONDON: A 25% U.S. tariff on pharmaceutical imports would increase U.S. drug costs by nearly $51 billion annually, boosting U.S. prices by as much as 12.9% if passed on, a report commissioned by the industry’s U.S. trade group and reviewed by Reuters shows. The analysis, conducted by Ernst &...
India Likely To Be First To Ink Trade Deal With US, Says Treasury Secretary
NEW YORK/WASHINGTON: US Treasury Secretary Scott Bessent has said he expects India to strike the first bilateral trade deal to avoid President Donald Trump’s reciprocal tariffs, according to the New York Post. A 26 per cent ‘reciprocal’ tariff on Indian exports to the US is currently on a 90-day...
Private Investment In India Is Still A Worry: IMF
NEW DELHI: Private investment in India remains a worry and continues to be muted in areas that can boost the economy’s productivity, such as products and machinery, said Krishna Srinivasan, director of the Asia and Pacific department at the International Monetary Fund (IMF), at a press conference. “We are...
India-Pakistan Trade Comes To A Grinding Halt
NEW DELHI: Pakistan’s decision to stop all trade with India including those passing through its territory from third countries would bring the already minuscule direct trade between the two countries to a complete halt. The impact of Thursday’s announcements would also be felt on Afghanistan’s exports to India. “The...
