Page 5 - Economy & Policy News

India-EU trade talks: Tariffs, market access, regulatory clashes in focus

Talks for an India-EU free trade agreement, stalled for eight years, resumed in 2021, now cover investment protection and geographical indications.

Madhya Pradesh investors' meet attracts Rs 26.6 trillion in commitments

Together with the Regional Industry Conclaves (RICs) that were held across various zones of the state over the last one-year, the investment commitment goes up to almost ₹31 trillion, Yadav said

Rural India spending more time on education than urban India: Survey

Time spent by women on 'learning' remained unchanged at 84 minutes during five years, while the time spent by men declined to 94 minutes from 102 minutes

EU signals no concession for India on CBAM, deforestation regulation

Calls some of India's concerns on carbon tax 'illegitimate'

EPFO likely to reduce interest rate for FY25 in Friday board meeting

Last year, interest rate for FY24 was fixed at 8.25 per cent by CBT, the apex decision making body of the social security organisation

Can MAGA and MIGA co-exist? India-US trade tariff talks may hold the key

While a trade deal between India and US looks natural, given differences in economic structure, India will need to improve quality of its exports failing which US will simply turn to other producers

CBDT amends norms, mandates detailed income disclosures for business trusts

For tax purposes, business trusts such as REITs, InvITs, and certain AIFs get pass-through status and are not taxed on the income earned by them

Trade, tech, tourism, to be key drivers for Assam's growth: Piyush Goyal

A permanent exhibition hall and convention centre like the Bharat Mandapam will be set up in Assam as a joint venture between the Centre and the state government, Goyal added

Australian exporters to save $2 bn in tariffs due to trade pact with India

The ECTA came into force on December 29, 2022. Under the deal, by value, over 85 per cent of Australian goods exported to India are now tariff-free

MoUs worth Rs 10,785 cr signed on Day 2 of business summit in Assam

During the inaugural session, private sector behemoths Reliance, Adani, Vedanta and Tatas also cumulatively announced an investment of nearly Rs 2 trillion in the Northeastern state

Worst over for India's economy, Q3 GDP growth seen at 6.2%: Deutsche Bank

GDP growth, which had slipped to a seven-quarter-low of 5.4 per cent in the September quarter leading to a lot of concerns over the economy's strength, is likely to rise to 6.2 per cent in Dec quarter

World Bank bullish on India, reaffirms confidence in its economic potential

Speaking at the Advantage Assam 2.0 Business Summit, World Bank country director Auguste Tano Kouame said the lender remains optimistic about India's economic prospects

India eyes higher ethanol blending target, boosts focus on green hydrogen

Petroleum Minister Hardeep Singh Puri announced the country had already achieved 19.6 per cent ethanol blending and was confident of reaching 20 per cent by next month

MGNREGS, PMAY-G account for 75% of rural development dept's budget: Report

In the union Budget for 2025-26, the Ministry of Rural Development was allocated Rs 1,90,406 crore

Uttar Pradesh eyes Rs 70K cr investment in electronics, data centres

The investments will catalyse the 'Make in UP' and 'Brand UP' vision, a senior state government official said

India needs tax buoyancy in range of 1.2-1.5 to achieve 6.5-7% growth: EY

The report also said that the government may need to strengthen revenue mobilisation, particularly by increasing the tax-to-GDP ratio

EU pushes for tariff cuts on whiskey, wine, cars in India trade talks

The EU seeks lower tariffs as India's biggest FTA nears finalisation after nine rounds of talks, with the next set for March 10-14, boosting access for textiles, leather, and marine exports

Women spent 71 minutes a day on 'work-related activities' in 2024: Mospi

10 minutes more than in 2019: Mospi survey

EU seeks stronger commitment from India on reducing 'high' import tariffs

The discussion on the FTA will signal the 'broader political commitment' from both leaders and set the stage for the 10 round of negotiation in Brussels during 10-14 March, after a six months hiatus

Fresh formal hirings decline by 3% in December, shows EPFO data

The EPFO data is considered crucial as it reflects the state of the formal labour market. Only the formal workforce enjoys social security benefits and is protected by labour laws