Africa

India's large domestic market to cushion blow from US tariff hike: Fitch

India's large domestic market to compensate blow from US tariff hike: Fitch

The large size of India's domestic market, which reduces reliance on external demand, is expected to insulate the country from the US tariff hike, with the economy expected to maintain a growth of 6.5 per cent in FY26, global ratings agency Fitch said on Wednesday.

Mar 19, 2025

Experts call for incentives to fishermen for adopting sustainable practices

Centre allocated Rs 3,490 crore for fishing harbours to promote exports

The Centre has allocated Rs 3,490 crore as financial assistance to the states, Union Territories, and implementing agencies for the construction of fishing harbours, fish landing centres, and modernisation and maintenance dredging of existing fishing harbours to promote seafood exports which have doubled to Rs. 60,523.89 crore in the last 10 years, the Parliament was informed on Tuesday.

Mar 18, 2025

India's CPI inflation falls to 5-month low of 4.31 per cent in Jan

India's CPI inflation to average 4% in FY26, 75bps rate easing cycle likely: Morgan Stanley

A Morgan Stanley report on Tuesday projected that it expects consumer price index (CPI) inflation in India to average 4 per cent in F26, which implies cumulative easing of 75bps by the RBI (compared to 50bps projected previously) in the coming months.

Mar 18, 2025

India exporting metro coaches, railway bogies to Australia, Europe: Ashwini Vaishnaw

India-made Metro coaches are being exported to Australia, while bogies are being sent to the UK, France, Australia and Saudi Arabia, reflecting the expanding footprint of the country's railways at the global level, Union Railways Minister Ashwini Vaishnaw said.

Mar 18, 2025

Budget 2025-26: CII seeks cut in income tax, 3-tier Customs duty to spur growth

India's direct tax collections surge 16% to Rs 25.86 lakh crore in FY 24-25

India's direct tax collections recorded a robust 16.2 per cent growth to Rs 25.86 lakh crore during April 1, 2024 - March 16, 2025 of the current financial year compared to the same period of the previous financial year, according to latest figures compiled by the Income Tax Department.

Mar 18, 2025

Indian Railways providing 47% travel subsidy to passengers: Ashwini Vaishnaw

Indian Railways is providing more subsidy to passengers as the cost of travel per km by train is Rs 1.38 but passengers are charged only 73 paise — meaning 47 per cent subsidy, Union Minister of Railways Ashwini Vaishnaw has informed.

Mar 18, 2025

India's trade deficit dips to 3-year low of $14.05 billion in February

India's merchandise trade deficit narrowed to an over 3-year low at $14.05 billion in February from $22.99 billion in January as exports held steady during the month while imports declined, according to the latest data compiled by the Ministry of Commerce and Industry.

Mar 17, 2025