Economy News ( English version)

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  • Finance ministry calls for faster policy action to sustain growth amid global uncertainty July 30, 2026
    India's finance ministry stressed faster policy responses and stronger implementation for investment. The economy shows resilience despite global challenges and mounting uncertainties. Rising crude oil prices pose a risk to fiscal and current account balances. India must strengthen its long-term resilience and strategic leverage. Domestic fundamentals a […]
  • Gold tariff hike boosts grey market, hurts organised trade, says WGC July 30, 2026
    India's gold imports have increased through unofficial channels following a tariff hike. This rise widens margins for grey market operators and impacts organized businesses. Enforcement agencies seized nearly double the gold after the duty increase. Net gold imports fell significantly in the June quarter to a low. Demand may improve later if prices rema […]
  • On Edge: The Great Nicobar project faces a great engineering question July 30, 2026
    India plans a major infrastructure project on Great Nicobar Island. This development aims to boost maritime trade and reduce foreign port reliance. However, the island's location in Seismic Zone V presents considerable geological risks. Engineers are developing innovative solutions to address seismic activity and land subsidence. The project's succ […]
  • India seeks sunflower oil alternatives on Black Sea disruptions July 30, 2026
    India is rushing to secure alternative edible oil supplies as Black Sea attacks disrupt sunflower oil shipments from Russia and Ukraine, causing delays and higher prices. Importers are increasing purchases from Argentina and switching to palm, soy and canola oils.
  • Fertiliser industry seeks hike in subsidy rate for Kharif season due to rising raw material cost July 29, 2026
    The Fertiliser Association of India seeks higher subsidy rates for the upcoming Kharif season. Raw material prices have significantly increased, impacting domestic fertiliser production viability. Industry leaders met to review the Middle East crisis's effect on key input costs. Existing subsidy rates have not kept pace with the changed cost environment […]

 

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