Economy

Hookah in restaurants taxable separately at higher GST rates: WB AAR

West Bengal AAR holds that hookah served with food cannot be taxed at the concessional restaurant GST rate, classifying it as a separate supply attracting 18-40% GST

India grapples with grid curtailment, biggest test yet on energy transition

Rising renewable energy capacity is straining India's grid, forcing curtailments and raising concerns over stability, storage gaps and the need for flexible thermal operations

Productive capital, inclusion key to next growth phase: RBI Dy Guv

RBI Deputy Governor Swaminathan J says India's path to Viksit Bharat@2047 depends on productive capital allocation, meaningful financial inclusion and strong customer protection

Japan in talks with India to jointly explore rare earths in Rajasthan

Following on a preliminary pact on critical minerals that Japan and India signed last year, Tokyo has expressed interest in the Rajasthan deposits and plans to send experts to the site

Ongoing conflict in West Asia to discourage investment into India: BMI

Despite the favourable readings of policy uncertainty so far in 2026, BMI kept the FY2026/27 growth outlook unchanged, projecting a 7 per cent GDP expansion

India most vulnerable to prolonged disruptions to West Asian oil: Analysts

Both ​China and India, Asia's top energy consumers, source around half of their crude imports from the West Asia, but India has far less oil in storage than its neighbor

Govt moves to shield trade as West Asia conflict chokes sea routes

The Centre has set up a multi-ministry support desk to assist exporters and importers as the West Asia conflict disrupts cargo movement, congests ports and heightens logistics challenges

Manufacturing PMI climbs to four-month high in Feb, rises to 56.9

However, the latest figure was significantly lower than the Flash India Manufacturing PMI of 57.5, released last month

India, Canada sign $1.9 bn uranium pact to strengthen energy cooperation

India has signed a $1.9 billion uranium supply deal with Canada's Cameco for deliveries from 2027 to 2035, part of a wider strategic energy partnership spanning renewables and fuels

India's CAD widened to 1.3% of GDP in Q3FY26 on higher trade deficit

India's current account deficit widened to $13.2 billion in Q3FY26 as the trade gap expanded, though higher services receipts, lower investment outflows and stronger remittances provided some support

Datanomics: How the West Asia conflict risks inflating India's oil bill

A major proportion of India's crude oil imports flows through the Strait of Hormuz, which remains an important trade point in the Gulf

Democratising AI revolution: GCCs, tax certainty to power India's rise

India's AI ambitions hinge on strong GCC growth and tax certainty through safe harbour rules and APAs, enabling innovation, investment and equitable digital transformation

FMCG companies worried about price pressure amid West Asia conflict

FMCG firms exporting to West Asia are monitoring the Iran conflict as rising crude prices and supply chain risks threaten higher packaging and freight costs, with exporters bracing for volatility

How India's EV strategy must change: Put customers first, technology next

India's EV slowdown is rooted in weak customer insight and how new ideas are adopted

India's CAD widens to ₹13.2 billion in Q3 on higher trade deficit: RBI

The current account deficit stood at $11.3 billion, or 1.1 per cent of GDP, in the corresponding quarter of 2024-25

Why India's $2.6 bn uranium pact with Canada matters for clean energy push

India and Canada sign a $2.6 billion uranium deal to secure fuel for India's nuclear plants, boost clean energy plans and fast-track a wider trade pact between the two countries

India's industrial output falls to 4.8% in Jan 2026 against 8% in Dec 2025

January's industrial output growth was pulled down by subdued performance in the mining and manufacturing sectors, the data showed

India, Canada sign uranium deal, vow to finalise economic partnership soon

Govt has made a record $130 bn allocation for infrastructure development in Budget, PM Narendra Modi said at the India-Canada CEO forum

EPFO fixes 8.25% interest rate on employees' PF deposits for 2025-26

In February last year, the retirement fund body retained the 8.25 per cent rate of interest for FY2024-25

West Asia crisis: Oil rises 9% after Iran war disrupts key shipping routes

Oil jumps up to 13% after Iranian attacks disrupt shipping through the Strait of Hormuz, raising fears of inflation and higher US gasoline prices