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Tue, 03 Jun 2025 00:36:51 +0530

Onion prices rise 20% in past two weeks as rains damage crop

Pune's onion prices have surged by approximately 20% in the last two weeks due to crop damage from heavy rains, leading to reduced market arrivals. Despite increased production and storage, onions are

Mon, 02 Jun 2025 23:44:29 +0530

Factory activity falls to 3-month low in May on inflation & Pakistan conflict

India's manufacturing sector experienced a slight slowdown in May, with the PMI falling to a three-month low of 57.6 due to rising inflation and geopolitical tensions. Despite this dip, new export ord

Mon, 02 Jun 2025 23:36:58 +0530

'India, US to resolve all issues bilaterally': Piyush Goyal

India and the US will address trade issues, including increased US tariffs on steel and aluminium. Both nations aim for a bilateral trade agreement, targeting $500 billion in trade by 2030. US officia

Mon, 02 Jun 2025 22:49:27 +0530

India seeks WTO consultations with Indonesia on cotton yarn safeguards

India has requested consultations with Indonesia under WTO rules regarding the extension of safeguard measures on cotton yarn, citing its significant trade interest in the textile product. Indonesia's

Mon, 02 Jun 2025 22:30:40 +0530

India's FY26 GDP growth to slide to 6.2 pc: Nomura

Nomura projects India's real GDP growth to slightly decrease to 6.2% in FY26, down from 6.5% in FY25, noting a divergence in growth indicators. Despite this, they revised their Nifty target upwards, c

Mon, 02 Jun 2025 21:42:01 +0530

Duty imposed on steel, aluminium not safeguard measures: US on India's claim in WTO

The United States rejected India's stance on steel and aluminium tariffs. America claims these are for national security, not safeguards. India reserved the right to impose retaliatory duties. The US

Mon, 02 Jun 2025 21:06:04 +0530

India should adopt a dual-track approach to protect its agri exports to US: NITI Aayog working paper

A NITI Aayog paper suggests India adopt a dual approach to US agricultural trade. This involves offering tariff concessions on certain US commodities while undertaking structural reforms to enhance th

Mon, 02 Jun 2025 18:07:55 +0530

Indian economy to be close to $30 trillion by 2047: Amitabh Kant

India anticipates significant economic growth. The nation's economy is projected to reach nearly USD 30 trillion by 2047. India's young population provides an advantage. Sustainable urbanisation is a

Mon, 02 Jun 2025 16:45:26 +0530

Rural consumption to drive India's GDP growth this fiscal year, economists say

India's economic growth exceeded expectations, driven by a resilient rural economy. Increased farm incomes from favorable monsoons and easing inflation are expected to further boost rural demand, evid

Mon, 02 Jun 2025 16:32:11 +0530

IBBI notifies amendments to streamline corporate insolvency process

The Insolvency and Bankruptcy Board of India has amended corporate insolvency regulations. Resolution professionals can now invite interest for individual assets. Financial creditors receive pro rata

Mon, 02 Jun 2025 16:25:58 +0530

Trump's proposed 50% tariff hike may hit $5 billion engineering exports: EEPC India

Donald Trump's proposed 50% tariff on steel and aluminium imports threatens India's engineering goods' shipments, potentially impacting USD 5 billion worth of exports. The existing 25% tariff has alre

Mon, 02 Jun 2025 16:15:04 +0530

Sugar industry seeks ethanol price revision as blending share drops to 28% from 73%

The sugar industry is urging for revised ethanol procurement prices and extended blending targets due to a sharp decline in its contribution to the national ethanol program. They are advocating for ac

Mon, 02 Jun 2025 16:10:57 +0530

Centre seeks bigger, more frequent dividends from state-run companies

Prime Minister Narendra Modi’s government announced tax cuts for the middle class in his latest budget and will now depend on higher dividend payouts to meet its 4.4% deficit target. It has already

Mon, 02 Jun 2025 14:21:04 +0530

Rs 2000 notes worth Rs 6,181 crore remain in circulation, says RBI; Here’s how you can still exchange them

Despite being withdrawn in May 2023, Rs 2000 notes worth Rs 6,181 crore remain in public hands, according to recent data. While most of the notes have been returned to the banking system, the RBI cont

Mon, 02 Jun 2025 11:54:15 +0530

India, US desire to give preferential market access to businesses; talks on for trade pact: Goyal

India and the US are actively pursuing a bilateral trade agreement to boost economic ties, aiming to more than double trade to USD 500 billion by 2030. Despite concerns over potential tariff hikes on

Mon, 02 Jun 2025 11:51:45 +0530

India-US trade pact: Effort on to facilitate preferential market access for both sides, says Piyush Goyal

India and the United States are actively pursuing a bilateral trade agreement to boost trade to $500 billion by 2030, according to Commerce Minister Piyush Goyal. Despite potential tariff hikes on ste

Mon, 02 Jun 2025 11:22:19 +0530

Monsoon showers to bring monetary relief? SBI bets on a likely 50 bps rate cut this June

Reserve Bank of India may cut repo rate by 50 bps on June 6. State Bank of India expects this move to boost credit demand. The banking system has ample liquidity. Savings and fixed deposit rates have

Mon, 02 Jun 2025 10:39:29 +0530

Indian manufacturing growth eases to 3-month low in May, PMI shows

India’s manufacturing growth slowed to a three-month low in May due to softer demand, price pressures, and geopolitical tensions, according to HSBC’s PMI survey. Despite this, job creation hit a r

Mon, 02 Jun 2025 08:02:50 +0530

"Will negotiate a fair balance," Piyush Goyal optimistic of wrapping up FTA with EU by year end

India aims to finalize a Free Trade Agreement with the European Union by year-end. Commerce Minister Piyush Goyal sees minimal disagreements. Both economies complement each other, boosting growth. Sen

Mon, 02 Jun 2025 05:30:00 +0530

May GST mopup up by 16.4%; shows FY26 off to a flying start

India's GST collections soared 16.4% to ₹2.01 lakh crore in May, signaling strong economic momentum at the start of FY26. This robust growth, supported by increased UPI transactions and auto sales,

Mon, 02 Jun 2025 00:35:41 +0530

Tariff war will weigh on capital investment & diminish demand: ADB President Masato Kanda

The Asian Development Bank (ADB) is set to invest $10 billion over five years to upgrade India's urban infrastructure, including metro extensions and rapid transit systems. ADB expects India's GDP to

Mon, 02 Jun 2025 00:32:27 +0530

India, EU can wrap up FTA talks before year-end: Piyush Goyal

Commerce Minister Piyush Goyal expressed optimism that India and the EU could finalize a comprehensive free trade agreement by year's end, citing significant progress and complementary economies. Whil

Mon, 02 Jun 2025 00:21:33 +0530

Digital Competition Law waits its turn

The corporate affairs ministry is unlikely to introduce the digital competition legislation this fiscal year, prioritizing amendments to the Insolvency and Bankruptcy Code and the Companies Act. Inter

Sun, 01 Jun 2025 23:56:10 +0530

Rate cut expected, RBI's views in focus with economy near a sizzle

Economists anticipate Reserve Bank of India will reduce interest rates this week. This decision comes amid decreasing inflation. Experts await the central bank's insights on inflation and economic gro

Sun, 01 Jun 2025 21:56:39 +0530

Market demand playing key role in reviving nearly extinct mango varieties like Husnara, Ratol

Changing consumer preferences are revitalizing nearly-extinct mango varieties like Husnara and Ratol in Lucknow's Malihabad orchards. Farmers are shifting focus from Dussehri to meet rising demand for

Sun, 01 Jun 2025 18:34:55 +0530

Government has fast-tracked FDI approvals from neighbouring countries, cut approval time: Official

The Indian government has expedited the FDI application process for countries sharing land borders, including China, through streamlined procedures and regular inter-ministerial meetings. This aims to

Sun, 01 Jun 2025 18:14:23 +0530

Swedish firms upbeat on India's investment climate: Survey

A recent survey by the Swedish Chamber of Commerce India indicates a positive outlook on India's business environment, with many companies anticipating increased turnover, particularly in construction

Sun, 01 Jun 2025 17:10:17 +0530

Counting losses due to delay in onion procurement by government: Maharashtra farmers

Maharashtra onion farmers are accusing government agencies of delaying crop procurement under the Price Stabilisation Fund, leading to significant losses due to unseasonal rains in May. The delayed ac

Sun, 01 Jun 2025 16:26:33 +0530

WTO meet on June 3 in Paris: India to raise issues on agri, fisheries, investment facilitation

India will voice its concerns regarding agriculture, fisheries agreement, and the WTO's appellate body dysfunction at a Paris meeting of trade ministers on June 3. Commerce Minister Piyush Goyal will

Sun, 01 Jun 2025 16:23:33 +0530

RBI expected to deliver 3rd consecutive rate cut of 25 bps on Friday, say experts

The Reserve Bank of India (RBI) is anticipated to cut the repo rate by 25 basis points for the third consecutive time, aiming to stimulate growth amid global economic uncertainties. With inflation rem

Sun, 01 Jun 2025 15:08:51 +0530

GST collections jump 16.4% yoy to Rs 2.01 lk cr in May, fall from record high in April

India's Goods and Services Tax collection reached Rs 2.01 lakh crore in May 2025. The Ministry of Finance data shows a 16.4 per cent increase from May 2024. GST from imports rose by 25.2 per cent. Dom

Sun, 01 Jun 2025 14:44:25 +0530

ADB commits $10 bn plan for India's urban transformation

The Asian Development Bank (ADB) has pledged up to USD 10 billion towards India's urban transformation over the next five years, focusing on metro extensions and infrastructure development. This initi

Sun, 01 Jun 2025 10:56:11 +0530

Singapore remains biggest FDI source for India for 7th straight year

Singapore remains India's top FDI source for the seventh year, contributing nearly $15 billion in fiscal year 2024-25, a significant portion of India's record $81.04 billion total. Experts attribute t

Sun, 01 Jun 2025 05:30:00 +0530

Govt favours wealth creation; profit not a bad word, says FM Nirmala Sitharaman

This is in stark contrast to the stance adopted by the votaries of socialism or com-munism, who looked down upon wealth creation in earlier deca-des, The FM said, indicating that resources can be dist

Sat, 31 May 2025 20:01:25 +0530

Doubling tariff on steel, aluminium by US to disrupt India's metal exports: Experts

Donald Trump's decision to double tariffs on steel and aluminium imports is set to affect Indian exporters. India's iron, steel, and aluminium exports to the US, valued at USD 4.56 billion, face highe

Sat, 31 May 2025 19:24:54 +0530

Govt prioritising lower denomination notes and digital transactions: Sitharaman

Union Finance Minister Nirmala Sitharaman emphasized the government's focus on promoting lower denomination currency and increasing digital transaction awareness. With the Rs 2000 note nearly out of c

Sat, 31 May 2025 13:39:39 +0530

Donald Trump says India-US trade deal close, warns Pakistan tension

President Trump announced the U.S. is nearing a trade deal with India, while Pakistan is expected in Washington for talks. He cautioned that conflict between India and Pakistan could jeopardize these

Sat, 31 May 2025 12:43:39 +0530

Trump's revised tariffs on steel and aluminium threaten India's USD 4.56 billion exports to US: GTRI

A Global Trade Research Initiative report warns that U.S. President Trump's decision to double tariffs on steel and aluminium imports, effective June 4, 2025, will significantly impact India's metal e

Sat, 31 May 2025 09:34:25 +0530

Q4 GDP springs surprise as tax spike fuels India’s best quarter in FY25: SBI

India's economy experienced a surprising 7.4% growth in Q4 FY25, primarily fueled by a significant surge in net indirect tax collections. The State Bank of India projects continued strong performance,

Sat, 31 May 2025 05:30:00 +0530

At 7.4%, India’s growth steps on race pedal in Q4

India's economy surpassed expectations with a 7.4% growth in the March quarter, boosting FY25 growth to 6.5%. Investment recovery and strong construction drove this expansion, despite concerns about t

Sat, 31 May 2025 00:57:54 +0530

'Viksit Bharat' not merely govt policy, but a collective aspiration: NITI Aayog's Saraswat

Vijay Kumar Saraswat addressed EDII. He said Viksit Bharat is a collective aspiration. Entrepreneurs are primary architects of this vision. He inspired students about India's growing entrepreneurial l

Sat, 31 May 2025 00:50:09 +0530

India and Chile conclude first round of FTA talks

India and Chile have successfully completed the initial round of negotiations for a comprehensive bilateral free trade agreement, according to the Department of Commerce. Building upon their existing

Sat, 31 May 2025 00:47:42 +0530

Edible oil duty halved to tame inflation

In a significant move, India has reduced the basic customs duty on crude palm oil, soybean oil, and sunflower oil. The duty is now 10%, a decrease from the previous 20%. This change, effective May 31,

Sat, 31 May 2025 00:37:23 +0530

Additional Rs 81,735 crore tax devolution ok'd for states

The central government has approved an additional tax devolution of ₹81,735 crore to state governments. This will be released on June 2. This is besides the regular monthly instalment. The move aims

Sat, 31 May 2025 00:26:32 +0530

On target: FY25 fiscal deficit at 4.8% of GDP

India's fiscal deficit met the 4.8% of GDP target in FY25, reaching ₹15.77 lakh crore due to higher nominal GDP. The government controlled revenue spending, offsetting lower tax revenue and increase

Fri, 30 May 2025 23:58:35 +0530

Govt extends duty-free yellow pea imports till March 2026

India has prolonged the duty-free import period for yellow peas until March 31, 2026, effective immediately. This decision, outlined in a recent government order, grants traders an extended window for

Fri, 30 May 2025 22:31:39 +0530

With 6.5 pc GDP growth in FY25, India retained position as world's fastest growing economy: Assocham

Assocham reported India's real GDP expanded by 6.5% in FY25, retaining its position as the world's fastest-growing major economy. The growth accelerated in the second half, reaching 7.4% in the March

Fri, 30 May 2025 22:27:21 +0530

'Not in it to enrich ourselves, we are in it to enrich both peoples': NZ FM on FTA negotiations

New Zealand's Foreign Minister Winston Peters highlighted the "breakthrough" in India-New Zealand economic relations with the launch of free trade agreement negotiations. He acknowledged India's dairy

Fri, 30 May 2025 22:01:15 +0530

Govt slashes import tax on edible oil by 10%

To ease domestic prices, the Indian government has reduced the basic import tax on crude edible oils, effective from May 30. This decision comes as India relies heavily on imports to meet over 70% of

Fri, 30 May 2025 21:52:05 +0530

ADB ready to provide USD 4.5 bn loan annually to India

The Asian Development Bank (ADB) is prepared to offer India USD 4-4.5 billion in annual sovereign lending, along with approximately USD 1 billion in private sector financing. ADB's support aligns with

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