US President Donald Trump lashed out at Federal Reserve chief Jerome Powell Wednesday after the central bank head said he would stay on as a governor. “Jerome ‘Too Late’ Powell…
Category: Economy
Govt mulls partial credit guarantee, interest subvention support for pvt sector electric bus, truck adoption
New Delhi: The heavy industries ministry is mulling ways to help private bus and truck operators finance electric vehicles, through loan guarantee schemes and interest subsidies, as the government tries…
Govt working on resuming Shipping Corp of India’s maritime services to West Asia
New Delhi: India is working on a plan to revive the Shipping Corp. of India’s (SCI) maritime services to West Asia, in a move aimed at supporting domestic exporters and…
India aims for $2 tn total exports by FY31 with an MSME, agri push
New Delhi: India has drawn up a plan to more than double its total exports to $2 trillion by FY31. Towards this goal, commerce and industry minister Piyush Goyal has…
West Asia war, weak monsoon pose downside risk to growth, says finance ministry
New Delhi: India’s economic growth faces downside risks from the ongoing West Asia conflict and the possibility of below-normal monsoon rains, both of which could add inflationary pressures, the finance…
Summer crops resilient, but prolonged heat may dent output, says ICAR chief
New Delhi: India’s summer (zaid) crops, including maize, moong, and groundnut, have remained resilient despite scorching heat across several parts of the country. However, an extended heatwave could hurt both…
China stays on top, India slips 3 spots: How the West Asia war changed EM ranks
China emerged largely unscathed at a time when the West Asia war battered nearly every major emerging market economy through higher energy prices and their ripple effects. The dragon retained…
Will Iran war shake India’s flagship welfare schemes? The finance ministry wants to find out
The finance ministry is assessing the potential impact of external shocks such as higher energy prices, supply-chain disruptions and cyber risks on the government’s flagship schemes that serve millions of…
Govt mulls customs duty relief on cotton import to support textile industry
New Delhi: The government is considering a proposal to reduce or withdraw customs duty on raw cotton imports to support the local textile industry due to a surge in raw…
India’s industrial output growth eases to five-month low of 4.1% in March
New Delhi: India’s index of industrial production (IIP) growth moderated to a five-month low of 4.1% in March, down from 5.1% in February, but improved from 3.9% in March 2025.…