Economy News ( English version)

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  • Refunds delay: CBDT Chairman says I-T dept analysing wrongful claims; payouts likely by Dec November 17, 2025
    The Income-Tax Department is analyzing wrongful deductions claimed in high-value refund cases, leading to delays. Legitimate payouts are expected by December, with low-value refunds already being released. The department is also working to reduce direct tax litigation, having disposed of over 40% more appeals this year compared to last.
  • First phase of India-US trade deal nearing closure; to address tariff issues: Official November 17, 2025
    India and the United States are close to finalizing the first phase of a bilateral trade agreement. This crucial deal aims to resolve significant tariff issues, including the hefty 50 percent tariffs imposed by the Trump administration on Indian goods. It also addresses America's market access concerns.
  • India's unemployment rate remains unchanged at 5.2% in October, urban jobs see moderate rise November 17, 2025
    India's unemployment rate held steady at 5.2% in October 2025, with a slight dip in rural joblessness. Urban unemployment, however, saw an increase. Female unemployment marginally decreased, primarily due to a reduction in rural areas, while male unemployment remained stable overall.
  • Oil gets lift from India, China buying as global glut looms November 17, 2025
    Despite global oil market concerns about a glut, China and India's increased buying, driven by US sanctions on Russian energy, has supported Middle Eastern crude. This demand has absorbed previously unsold shipments, preventing a significant overhang and helping the region's market retain strength relative to others.
  • India-US trade deal's first phase close to being finalised November 17, 2025
    Progress is being made on the US-India trade deal as the first phase, addressing tariffs, is nearing completion. This agreement aims to boost trade significantly. India expects the pact to be finalized soon. Discussions are ongoing regarding reciprocal duties and US market access concerns. The deal seeks to increase bilateral trade to USD 500 billion by 2030 […]

 

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