Economy

Uttar Pradesh govt targets 4.8 million tonnes of oilseeds output

Uttar Pradesh targets 4.8 million tonnes of oilseeds output in FY27, backed by 5 million free seed kits and ₹950 crore in subsidies for seeds and agricultural machinery.

India's EU, UK trade pacts to spur global automakers to set up units: Goyal

Piyush Goyal says calibrated tariff concessions on car imports under India's trade pacts with the EU and UK will help global automakers assess demand and encourage local manufacturing

FISME urges SME Growth Fund aid for MSMEs with SMA-2, NPA loan accounts

FISME wants the ₹10,000-crore SME Growth Fund to support financially stressed MSMEs with SMA-2 or NPA accounts, provided they have credible plans to revive their businesses

GST officers to focus on widening base, increase cash tax collection

With the economic benefits of last year's GST rate revamp showing results, GST officers will now follow a more "facilitative approach" rather than "mandatory compliance" to show trust in taxpayers

Noida to expand by 20,000 hectares under 'New Noida' development plan

The Uttar Pradesh government plans to develop New Noida over 20,000 hectares, targeting 500,000-600,000 jobs by 2030, with a focus on industrial growth and connectivity

Nobel Economics Prize 2026: How Hall and Woodford changed policymaking

Robert E Hall and Michael Woodford's research helped explain how expectations shape spending, inflation and interest rates, transforming the way policymakers respond to economic shocks

Food, fuel push retail inflation to 23-month high of 5.54% in September

Retail inflation rose from 4.83% in August as food inflation climbed to 7.74%, led by a sharp rise in onion prices, while transport and services costs added to pressure

Russia to supply diesel to US, global markets: What it means for India

US President Donald Trump said Russia had agreed to immediately supply more than 300,000 tonnes of diesel to the US and global markets after a discussion with Russian President Vladimir Putin

Retail inflation rises to 5.54% in Sep as food inflation zooms to 7.74%

The latest reading marks the highest retail inflation rate recorded so far in 2026, with inflation rising every month since January, when it stood at 2.74 per cent

Robert E Hall, Michael Woodford win Nobel Prize in Economics 2026

Their research has strengthened economists' ability to understand and respond to economic shocks, including energy crises and sudden shifts in household consumption

UP Electronics Component Manufacturing Policy, 2025: Key features, eligibility and implementation

The Uttar Pradesh government notified the policy on September 4, 2025, but made eligible capital expenditure incurred from April 1, 2025 claimable under the framework

Google defends $15 billion Vizag AI hub amid water concerns, protests

A top Google executive has addressed concerns over the tech giant's $15 billion AI data centre in Visakhapatnam, which has faced massive protests from locals. Here's what he said

India needs to lift the poor, not take down the rich: Daniel Waldenström

Swedish economist Daniel Waldenström argues that education, broader asset ownership and growth-led redistribution are key to tackling inequality

Weekly policy watch: Retail inflation, WPI and forex reserves in focus

India's policy agenda this week will centre on retail and wholesale inflation data, and fresh forex reserves figures

Ayodhya Ram temple gets FSSAI's top 'Eat Right Place of Worship' rating

Food regulator FSSAI has certified Shri Ram Janmbhoomi Teerth Kshetra, Ayodhya, as 'Eat Right Place of Worship' for maintaining adequate food safety and hygiene standards.

Following RBI's weekend measures, rupee woes may ease in the near term

Global headwinds, balance of payment remain key to stability

Japan tops India's FDI chart in Q1 FY27 with $5.71 billion inflows

FDI inflows from Japan stood at $5.71 billion in the first quarter of 2026-27, surpassing the $3.74 billion India received from the country during the entire 2025-26 fiscal year

Draft steel policy eyes nearly threefold rise in capacity by 2047

Roadmap envisages major expansion in slurry pipelines with support from viability gap funding, a 39 per cent cut in emission intensity, 45 MT exports and measures to expand scrap use

India is the largest producer of milk: Why are whey protein imports rising?

Whey protein, obtained during cheese production, is used in protein supplements, powders and bars, sports drinks, and other similar products

Statsguru: The mismatch between formula-based and small savings rates

In the 43 quarters since 2016, the average small savings rate has been above the formula in 31 quarters