Economic Policy News - Latest Updates & Headlines
India offers transparent, comprehensive FDI policy framework for investments: Minister
New Delhi, Feb 11: India is offering a transparent, predictable and comprehensive FDI policy framework for investments and the 'Investment Friendliness Index of States' is set to be launched this year, the government said on Tuesday.
Freebies: Short-term political gain may become long-term economic distress, says Report
New Delhi, February 10: Once just campaign promises, political freebies have now become a crucial strategy for winning elections in India.
More RBI rate cuts on the cards, stance likely to change from neutral to accommodative
New Delhi, Feb 9: As the RBI embarks upon the rate cut cycle, it can be expected that more cuts are also on the cards, while the timing can be debatable, according to a Bank of Baroda note.
RBI hints further steps to ensure liquidity, US tariff uncertainties to cool off soon
New Delhi, Feb 8: The Reserve Bank of India (RBI) has always focused on ease of credit and will take further steps to ensure that enough liquidity remains in the banking system as there is "room for improvement", Governor Sanjay Malhotra said on Saturday, adding that US-related tariff uncertainties will cool off in the coming months.
Fiscal, monetary policies are working in tandem to boost economic growth: FM Sitharaman
New Delhi, Feb 8: Union Finance Minister Nirmala Sitharaman on Saturday said that the government's monetary and fiscal policies are working in tandem and would further benefit the growing economy with the robust Budget and recent RBI decisions.
RBI's repo rate cut following tax relief to drive economic growth: Edelweiss CEO Radhika Gupta
New Delhi, Feb 7: The Reserve Bank of India's (RBI) decision to cut the repo rate by 25 basis points is a well-timed move that will accelerate economic growth, Radhika Gupta, Edelweiss Asset Management CEO said.
Indonesia sets up agency to transform SOE's management, boost economy
Jakarta, Feb 7: Indonesia's investment landscape is entering a new chapter after the government and members of the House of Representatives passed the Third Amendment to Law Number 19 of 2003 concerning State-Owned Enterprises (SOEs) on Tuesday.
MP's father had to wait for 15 years to buy a car: PM Modi lambasts 'licence raj' of Cong era
New Delhi, Feb 6: Prime Minister Narendra Modi on Thursday cited two instances of previous Congress governments to shed light on the red-tapism and the counter-productive laws that prevented the economy from taking wings, as unlike under the NDA government when the economy was unshackled from decades-old clutches and restraints.
RBI may cut repo rate by 50 basis points to boost economy: ASSOCHAM
New Delhi, Feb 6: The Reserve Bank of India (RBI) is expected to cut the benchmark policy repo rate, which stands at 6.50 per cent, by at least 50 basis points, to support economic growth, a top industry body said on Thursday.
PM Modi denounces 'Hindu Rate of Growth'; calls it an insult to society due to 'Shahi Parivar' failures
New Delhi, Feb 6: Replying to the debate on the Motion of Thanks to President's address in Rajya Sabha on Thursday, Prime Minister Narendra Modi shed light on the historical economic challenges faced by India under the policies of the Congress government, specifically during the era of the 'license raj.'
Entrepreneurs must take calculated risks to build institutions, create jobs: Finance Secretary
New Delhi, Feb 6: As the government puts the money back into the economy with the Union Budget, Indian entrepreneurs must take calculated risks to build institutions and generate jobs, Finance Secretary Tuhin Kanta Pandey said on Thursday.
BJP's Amit Malviya slams Rahul Gandhi over 'Make in India' criticism
New Delhi, February 5: Bharatiya Janata Party leader Amit Malviya on Wednesday slammed Leader of Opposition Rahul Gandhi over his 'Make in India' criticism and blamed Congress for 'doing nothing' to prepare India's economy for future even after a decade in power during the United Progressive Alliance (UPA) government from 2004-2014.
US introduces bipartisan bill to secure Taiwan's membership in IMF
Taipei, February 5: US Representatives Young Kim and Al Green have introduced the bipartisan "Taiwan Non-Discrimination Act," advocating for Taiwan's inclusion in the International Monetary Fund (IMF), as reported by Taipei Times.
Newly imposed Chinese tariffs to cover US exports worth USD 23.6 billion in 2024: S&P Global Market
New Delhi, February 5: Mainland China has announced a series of targeted trade measures in response to US President Donald Trump's decision to impose a 10 per cent tariff on Chinese imports on Tuesday.
RBI MPC: Goldman Sachs predicts 25 bps repo rate cut
Mumbai, Feb 5: The Reserve Bank of India (RBI) is likely to reduce the repo rate by 25 basis points (bps) in its upcoming monetary policy meeting (MPC) announcement, Goldman Sachs predicted on Wednesday.
US President Donald Trump holds talks with Canadian PM
Washington DC, February 3: US President Donald Trump said that he had spoken with the Canadian Prime Minister Justin Trudeau amid tensions over the 25 per cent tariff levied on Ottawa.
'Make In India' has failed to revive production, India has opportunity with revolution in energy and mobility: Rahul Gandhi
New Delhi, February 3: Noting that production is the foundation of India's national security and is key to job creation, Congress leader Rahul Gandhi on Monday alleged that the Modi government's 'Make In India' initiative has failed to revive it and share of manufacturing in GDP has come down from 15.3 per cent of GDP in 2014 to 12.6 per cent, which is lowest in the past 60 years.
Trade wars have no winners: Lithuanian president
Vilnius, Feb 4: Lithuanian President Gitanas Nauseda said that trade wars rarely have winners, as the United States considers imposing tariffs on the European Union (EU).
FM Sitharaman to hold post-budget meeting with RBI top brass on Feb 8
New Delhi, Feb 3: Finance Minister Nirmala Sitharaman is scheduled to address the Reserve Bank of India's central board on February 8 in a post-budget meeting to coordinate the fiscal and monetary steps required to accelerate GDP growth.
Tax relief to boost financial savings, consumption for urban Indians: Goldman Sachs
New Delhi, February 3: Multinational investment banking company Goldman Sachs said that the mega tax relief provided for in Budget 2025 will help the urban consumers boost their net household financial savings, besides partly boosting their consumption.
Make in India has failed, says Rahul Gandhi during Motion of Thanks address
New Delhi, February 3: Leader of the Opposition in the Lok Sabha and Congress leader Rahul Gandhi on Monday claimed that the Make in India initiative has failed.
Middle class beware, warns Shiv Sena (UBT) in editorial on Union Budget's tax exemption
Mumbai, Feb 3: Shiv Sena (UBT) in an editorial in its mouthpiece 'Saamna' has taken a swipe at Union Finance Minister Nirmala Sitharaman about no tax on income up to Rs 12 lakh annually.
Union Budget shapes India's economic resilience, growth potential: Report
New Delhi, Feb 3: The steps articulated in the Union Budget are crucial in shaping India's economic resilience and growth potential in the medium to long term, according to a report on Monday.
Rs 50.65 lakh crore India Budget to boost entrepreneurship, innovation, investments
New Delhi, Feb 3: The focus on public-private partnerships (PPP) in infrastructure, along with 50-year interest-free loans for state projects, is expected to create a multiplier effect not only boosting India's GDP but also strengthening the states' economy, leading industry chamber PHDCCI's President Hemant Jain said on Monday.
Trump tariffs: Indian stock market opens lower as Asia tumbles
Mumbai, Feb 3: The domestic benchmark indices opened sharply lower on Monday, as Asian markets tumbled after US President Donald Trump announced trade tariffs which are set to come into effect from Tuesday.
China denounces US's tariffs, says they are open for talks
Beijing, February 2: China has strongly denounced US President Donald Trump's decision of imposing tariffs, while also leaving the door open for talks to avoid a deepening conflict, Al Jazeera reported on Sunday.
Trump doubles down on tariff needs, cites trade deficits with Canada, Mexico, China;
Washington DC, February 2: US President Donald Trump on Sunday criticised the trade deficits that the US has with Canada, Mexico, China, and argued that America should no longer "subsidise" other countries, and urged businesses to manufacture domestically to avoid tariffs.
Custom duties rationalised in Budget to strengthen India's economy: FM Sitharaman
New Delhi, Feb 2: The Centre has introduced customs duty rationalisation to ensure that the Indian economy becomes aatmanirbhar (self-reliant), Finance Minister Nirmala Sitharaman said in a post-budget interview with NDTV.
Budget to boost India's growth, new income tax bill will modernise framework: Harsh Bhuta
New Delhi, Feb 2: This budget reinforces India's vision for inclusive growth and economic empowerment, with the right execution, and can propel India into a new era of growth and development, Harsh Bhuta, partner at Bhuta Shah & Co LLP said on Sunday.
Govt earns most from borrowings, spends major share of Budget on interest payments
New Delhi, February 2: India's Union Budget 2025-26 revealed a significant reliance on borrowings, accounting for 24 per cent of the government's income, followed closely by income tax, which contributes 22 per cent to the revenue.
We did not want this, but Canada is prepared, Justin Trudeau responds to tariff announcement
Ottawa, February 2: Prime Minister Justin Trudeau responded on Sunday to the United States' decision to impose a 25 per cent tariff on most Canadian goods, stating that "Canadians did not want this, but are prepared."
PM Modi, union ministers congratulate Sitharaman after budget presentation
New Delhi, February 1: Finance Minister Nirmala Sitharaman, who announced major tax relief for the middle class in the Union Budget 2025-26 apart from other proposals to boost GDP growth, received warm facilitation from BJP members and party's allies soon after her speech with Prime Minister Narendra Modi also congratulating her.
Trump's first 2.0 tariff hikes set to take effect today
Washington, Feb 1: US President Donald Trump’s first tariff hikes are set to go into effect from Saturday, targeting imports from neighbours Canada and Mexico with 25 per cent and China with 10 per cent.
Road map for Viksit Bharat: Modi Cabinet lauds Union Budget
New Delhi, Feb 1: External Affairs Minister (EAM) S. Jaishankar praised the Union Budget on Saturday, calling it a road map to achieve Prime Minister Narendra Modi's vision of a 'Viksit Bharat'.
Union Budget will change the face of rural India, encourage citizen-centric investment: Fadnavis
Mumbai, Feb 1: Maharashtra Chief Minister Devendra Fadnavis said on Saturday that Finance Minister Nirmala Sitharaman presented a dream budget for the middle class in the country and gave a huge relief to them by making income up to Rs 12 lakh tax-free.
PM Modi hails Union Budget 2025 as 'Janata Janardan Ka Budget'
New Delhi, Feb 1: Prime Minister Narendra Modi on Saturday lauded the Union Budget 2025, calling it a "Janata Janardan Ka Budget" and emphasising its people-centric approach that will propel India's development journey.
Industry bodies applaud key provisions in Union Budget 2025
New Delhi, Feb 1: The Union Budget 2025 has garnered strong reactions from industry leaders, with many praising its focus on economic growth, fiscal prudence, and tax relief measures.
Budget 2025 for self-reliant India: Union Minister Shivraj Singh Chouhan
New Delhi, February 1: Union Minister Shivraj Singh Chouhan has said that this year's Union Budget is for the formation of self-reliant India and claimed that priority has been given to the agriculture sector and farmers.
Well-thought, beneficial for middle class: Businessmen laud Union Budget
New Delhi, Feb 1: The newly-announced tax slabs in Union Budget 2025 have brought significant relief to the Indian middle class, while the business community has lauded the move as a strategic decision that will fuel economic growth.
Canada PM Trudeau says tariff response will be forceful but reasonable
Ottawa, February 1: Prime Minister Justin Trudeau said that Canada's response will be "forceful but reasonable" if US decide to impose 25 per cent tariffs as threatened by President Donald Trump, The Globe and Mail reported.