Economy

Odisha scraps pension quota system, adds over 500,000 beneficiaries

The state government has abolished the quota-based pension system, expanding coverage under the Madhu Babu Pension Yojana to 4.18 million beneficiaries with an additional ₹625 crore annually.

Govt targets ₹6,000 crore in FY27 from sale of MTNL's land assets

Five properties owned by MTNL in Mumbai, valued at about ₹4,000 crore, have already received approval from the alternative mechanism

Urban youth unemployment hits six-quarter high in Q2; Kerala tops states

The urban youth unemployment rate rose to 18.9 per cent in Q2FY27, while the overall jobless rate fell to 5.1 per cent; Kerala recorded the highest unemployment among states

Profit bonanza for govt OMCs in Q2 FY27 despite crude oil turmoil

Earnings hit a 13-qtr high on improved refining margins, lower excise payout

Customs duty hike takes the shine off organised gold trade; smuggling rises

Gold smuggling surged to 50 tonnes in Q3CY26 after the import duty hike to 15%, widening the price gap and putting organised jewellery retailers at a disadvantage.

European carmakers may set up manufacturing units in India soon: Goyal

European automakers may establish manufacturing units in India after testing domestic demand under the India-EU FTA, which is expected to take effect in the first half of 2027.

PHDCCI seeks 180-day NPA window for MSMEs, higher MUDRA loan limits

In its pre-Budget proposals for FY28, the industry body has sought a longer NPA classification window, higher MUDRA loan limits and stronger credit support for MSMEs

Delhi's last 48 villages go urban, opening new real estate frontier

Delhi's decision to urbanise its remaining 48 rural villages could create new property markets near Gurugram, but experts say zoning, land pooling, infrastructure and approvals hold the key

Andhra Pradesh sees 74% conversion of ₹22.6 trillion investment proposals

The state has converted 526 of 714 investment projects since June 2024, representing ₹17.2 trillion in proposed investments, ahead of the CII Partnership Summit in Visakhapatnam

Multiple apps, fragmented records complicate gig workers' social security

India's new social security board faces challenges in tracking gig workers across platforms, calculating contributions, and ensuring portable benefits amid overlapping central and state frameworks

Unemployment dips slightly to 5.1% in July-September: Govt survey

India's unemployment rate for people aged 15 years and above fell to 5.1% in July-September 2026 from 5.4% in the previous quarter, driven by a decline in rural joblessness, the PLFS showed.

PHDCCI seeks zero duty on LNG, naphtha, key feedstocks in Budget

Industry body seeks lower customs duties on petroleum coke used in aluminium production and continuation of the existing steel scrap duty framework beyond March 2028

US midterm results may ease India's oil import bill, but tariff risks stay

Democrats' gains in the US midterm polls have raised hopes of easing tensions with Iran and lower crude prices, potentially benefiting India, though uncertainty over sanctions and tariffs persists

ILO working on study to map gender wage gap in India via detailed analysis

ILO study to examine India's gender wage gap, focusing on pay discrimination, workplace practices and differences in job roles and designations

October retail inflation may have breached RBI's 6% upper limit: BS poll

Retail inflation is expected to rise to 6.05% in October, crossing the RBI's upper tolerance limit for the first time since October 2024, as food prices harden.

DGTR initiates anti-dumping probe into aluminium extrusion imports

The DGTR will investigate aluminium extrusion imports from China, Malaysia, Vietnam and Thailand, which account for about 90 per cent of imports, amid allegations of injury to local firms

CPSEs achieve 60% of FY27 capital expenditure target in April-October

Capital expenditure by 63 CPSEs rose nearly 13 per cent to ₹5.03 trillion during April-October, with railways, highways and energy companies among the leading spenders.

Bond yields fall as oil prices soften amid easing geopolitical concerns

The benchmark 10-year government bond yield fell nearly 4 basis points to 7.15 per cent as Brent crude prices declined, while the rupee weakened against the dollar on Monday.

India, EU step up tech and investment ties ahead of landmark trade pact

Ahead of the proposed free trade agreement next month, India and the EU agreed to deepen cooperation in trade, investment, semiconductors, quantum technology and biotechnology.

Central PSUs pledge ₹2 trn investment in UP's thermal, clean energy sectors

The investment commitments have been made by marquee PSUs including NTPC Limited, IOCL, NPCIL, Coal India, BPCL etc