Economy

India-US BTA: Commerce ministry to begin talks with other departments

Interministerial talks to explore tariff cuts and market access; key sectors under focus include EVs, oil derivatives, plastics, and sensitive farm goods like dairy and almonds

India may offer zero import duty on auto components for US at BTA

US last week imposed a 25% tariff on the import of automobiles and certain automobile parts

We have been able to stabilise auditing as an institution: NFRA Chairperson

Pandey says audit firms have taken corrective steps following the regulator's inspections, which are among the pivots the organisation is working on

No change likely in DPDP rules on data storage, cross-border data transfers

A team of US officials was in India till Saturday to hold trade agreement talks with the commerce department ahead of the proposed reciprocal tax announcement by the Trump administration

Everybody doesn't need subsidised public services: Finance Secy Ajay Seth

Seth said the country needs to ramp up investments and productivity from all factors of production

MPC likely to trim rate by 25 basis points in April meet: BS Poll

The RBI will announce the review of the policy meeting on April 9

India crude imports hit record on Russian rebound, US oil, price dip

Overall crude oil imports will increase in 2025-26 fiscal as Hindustan Petroleum starts a new 180,000 bpd refinery at Barmer

Don't think govt is in a great hurry to sign BTA with US: Ashwani Mahajan

Since the US has announced the imposition of reciprocal tariffs, their markets are down, and there are fears that inflation will increase

Smart Cities Mission deadline ends on March 31; targets remain unmet

Among the cities that have fully implemented their projects are Agra, Varanasi, Madurai, Coimbatore, Udaipur, Pune, Surat, and Vadodara

Merchandise exports may fall slightly to $435 billion in FY25: GTRI

Exports dipped 10.85 per cent in February to $36.91 billion due to volatility in petroleum prices and global uncertainties

Statsguru: How literate are Indian legislators? Here's what data reveals

Of the six states with the highest number of MLAs, in the Uttar Pradesh Assembly, formed in 2022, more than 75 per cent members are at least graduates - 34.24 per cent postgraduates

PM Modi inaugurates projects worth Rs 33,700 crore in Chhattisgarh

Modi inaugurated projects, laid foundation stones, and commenced various works during a function held in Mohbhattha village in the Bilaspur district

India's GDP growth projected at 6.4% for FY25, 6.5% for FY26: EY report

According to revised national accounts data released by NSO last month, real GDP growth rates for FY23 to FY25 are now estimated at 7.6 per cent, 9.2 per cent and 6.5 per cent

Public Accounts Committee flags mismatches in GST worth Rs 16.6K cr in FY21

The PAC said the inconsistencies highlight serious inefficiencies in the GST system's data validation and reconciliation processes, as GSTR-9 is auto-populated from GSTR-3B

Cabinet approves 2% hike in dearness allowance of central govt employees

The combined impact on the exchequer on account of the increase in both Dearness Allowance and Dearness Relief would be Rs 6,614.04 crore per annum

India looks to offer US tariff cuts on farm imports, eyes trade success

Unlike China, Canada and the EU, India is actively seeking to appease the Trump administration and is open to cutting tariffs on over half of US imports worth $23 billion

Cabinet okays Rs 23K cr PLI scheme for electronics component manufacturing

A total of 91,600 direct jobs are likely to be generated under the scheme, Union electronics and information technology minister Ashwini Vaishnaw said

India may gain as US imposes fresh tariffs on China, others: NITI Aayog

Apart from the additional tariffs that have been imposed on Mexico, China and Canada by the US, these countries account for 50 per cent of the US's total imports, which stands at over $3 trillion

India proposes retaliatory tariffs as EU extends steel safeguard measures

The EU's measure has caused an annual trade loss of $1.472 billion (2023-2024) to India on which the duty collection (at 25 per cent duty) would be $368 million

India's current account deficit widens to 1.1% of GDP in Q3 FY25

BoP witnesses depletion of $37.7 billion