Category: Economy
India spots an export champion in a sector tariffs failed to sink
India’s seafood sector is quietly emerging as a global export powerhouse, showing remarkable resilience in the face of sudden external shocks. The sector, heavily reliant…
India’s trade deficit widens to $28.38 billion in April as imports surge amid Gulf conflict
India’s merchandise trade deficit widened to $28.38 billion in April, coming in above market expectations, as the ongoing conflict in the Middle East disrupted shipments,…
PM Modi in UAE: India signs defence, gas supply and strategic oil reserves pacts with Abu Dhabi
India and the United Arab Emirates on Friday signed a series of agreements spanning defence cooperation, energy security and infrastructure investment during Prime Minister Narendra…
India’s cities need Rs 80 lakh crore investment to support urban growth: Report
New Delhi: India will require nearly Rs 80 lakh crore in urban infrastructure investment by 2037 to support rapid urbanisation and economic growth, according to…
As rupee dips, I-T steps up vigil on shady outflows
MUMBAI: Amid the state’s moral suasion to discourage gold purchase and destination wedding, India’s tax authorities are dealing with a slew of shady overseas outflows…
Sugar export ban to free up 4-5 lakh tonne for domestic use
Pune: The export ban on sugar amid rising concerns of El Nino is expected to release 4-5 lakh tonnes of sugar, or 1.7% of India’s…
Sugar stocks fall up to 7% on export ban; analysts see limited long-term impact
Mumbai: Shares of sugar producers fell Thursday after the Centre prohibited exports of the sweetener. However, analysts remain positive on the sector’s medium- to long-term…
India bans sugar exports till September to stabilise domestic prices
New Delhi: India has banned the export of sugar till September 30 as the government seeks to stabilise domestic prices amid tightening supply conditions. The…
Goyal calls for aligning standards, customs procedures between India and Africa to boost bilateral trade
New Delhi: Commerce and Industry Minister Piyush Goyal on Thursday pitched for aligning standards and customs procedures between India and Africa to boost bilateral trade….
Marginal utilisation of gold quota under UAE trade deal: Official
New Delhi: India’s imports of gems and jewellery from the UAE have risen over FY23-26 but the increase has not been disproportionate in comparison to…