Economy
Bustling Petrapole border belies faltering India-Bangladesh trade
Cross-border trade is quietly dwindling amid strained ties between the two neighbours
Labour reforms by states have limited potential, defeat purpose: Experts
At least 20 states and UTs have amended their laws and increased the threshold for retrenchment without government approval from 100 to 300 workers
India's forex reserves fall $4.9 bn due to decline in gold holdings
India's foreign exchange reserves dropped by $4.9 billion to $685.7 billion in the week ended May 16 due to a sharp $5.1 billion decline in gold reserves
India's marine exports jump 18% in April amid US tariff clouds
Price escalation due to the baseline tariff of 10 per cent imposed by the US on all exports from India will be adjusted by the market in the next few months, a senior official said
BCI missteps on new rules for opening the market to foreign lawyers
BCI's new rules take immediate effect, with no prior notice, consultation, or transition-raising urgent concerns amid India-US trade talks
RBI dividend: Jalan panel recommendations hold strong, minor tweaks needed
The source said the dividend transfer so far has been calculated based on the Bimal Jalan-panel's ECF recommendations and certainly the time to review the framework has come
Forex reserves decline $4.88 billion to $685.72 billion, shows RBI data
The forex reserves had swollen by $4.55 billion in the previous week, which had pushed the total reserves to $690.617 billion. The country had reached a record high of $704.885 billion in Sep 2024
India may soon allow US, foreign companies to bid for govt contracts
The government is likely to allow US firms to bid for contracts worth over $50 billion, mainly from federal entities, as it negotiates a trade deal with Washington.
Piyush Goyal meets US commerce secretary to discuss proposed trade pact
On May 20 also, Goyal held a meeting with Lutnick to expedite the talks on the first phase of the trade pact.
Tariff uncertainties pose growth risks, says RBI Governor Sanjay Malhotra
The governor said India's domestic growth is supported by stable policies, healthy corporate balance sheets and strong macroeconomic fundamentals that bode well for the economy.
Private sector business activity rises to 13-month high in May: PMI data
Companies attribute growth to 'buoyant demand, investment in technology and expanded capacities'
India to surpass China in oil demand growth over next decade: Moody's
Rising economic growth and industrialisation, along with the government's heavy investments in infrastructure that will enhance accessibility and mobility, will drive demand growth for transportation
'Omanisation' last key issue in concluding India-Oman FTA talks: Official
Omanisation is a policy implemented by Oman to boost the employment of its citizens in the private sector. The policy mandates companies to meet specific quotas for hiring Omani nationals
Outward remittances under LRS fall 6.85% to $29.56 billion in FY25
RBI data shows LRS outflows dropped to $29.56 billion in FY25 due to weak income growth, rupee depreciation, and lower transfers for education and close relatives
Indian refiners eye Iranian crude oil as US-Iran nuclear talks progress
Plans to resume crude oil imports had been shattered in the wake of multiple airstrikes between Israel and Iran in April last year
'Early tranche' of trade deal between India, US may be sealed soon
First phase might include a tariff reduction and focus on the priority non-tariff barriers faced by exporters
Rupee depreciates to over one-month low as FPIs sell equities
Rupee falls to 86/$ for the first time since April 11 amid equity outflows and stop-loss orders, while bond yields ease on expectations of RBI's surplus transfer
UK to give non-discriminatory treatment to India in procurement under FTA
On May 6, the two announced conclusion of negotiations for the FTA. It will be implemented next year
Fitch upgrades India's medium-term growth outlook to 6.4% till FY26
Fitch Ratings raises India's medium-term growth forecast to 6.4% citing higher labour force participation, even as it trims projections for most emerging markets
Fitch Ratings raises India's average growth potential to 6.4% till 2028
Fitch says the Indian economy rebounded stronger than expected, showing less pandemic "scarring" as it updates its five-year potential GDP projections
