Economy & Policy News

Rupee gains as oil retreat soothes, inflow expectations erode weak bias

The rupee gained 0.4% against the dollar as lower crude prices and RBI measures to boost foreign-currency inflows eased concerns over India's external balances

Can India's cotton import-duty waiver offset growing US tariff concerns?

India's cotton import-duty waiver may lower raw material costs for textile exporters, but uncertainty over proposed US tariffs could limit gains and weigh on competitiveness in a key market

Chhattisgarh cabinet okays power utility IPO, Rs 15,000/acre crop-shift aid

Several decisions were taken at a cabinet meeting chaired by Chief Minister Vishnu Deo Sai at Mahanadi Mantralaya Bhawan in Nava Raipur Atal Nagar

Gold smuggling may top 100 tonnes as higher import duties bite: Report

At current prices, 100 ‌tons of gold would be worth about $14.35 billion, implying roughly $2.65 billion in lost tariffs and sales tax

Utilisation of FTA benefits low in India; compliance cost is a hurdle: GTRI

It also said that FTAs have made the inverted duty structure issue harder to fix because many finished goods now enter India at low or zero duty from Asean, Japan, South Korea, UAE and Australia

Fitch cuts India's FY27 GDP forecast to 6.4%, warns of US-Iran war impact

Rating agency said the slowdown in the economy will be most apparent in the second and third quarter of FY27, as rising prices due to the US-Iran war erode real incomes and dampen consumer spending

RBI's latest measures may have steadied rupee, but risks far from over

RBI's incentives may attract short-term foreign inflows and ease pressure on the rupee, but they do little to address weak FDI and sustained foreign investor outflows

Chatroom: Clarifications on MTT, Incoterm, self-sealing, authorisations

Experts clarify RBI norms on merchanting trade, DPU vs DAP usage, self-sealing permissions and EPCG authorisation rules for exporters

OMC underrecoveries for diesel at ₹30 per litre, petrol at ₹6 per litre

State-run oil firms continue to face financial pressure from subsidised LPG sales, even as recent fuel price hikes have sharply reduced under-recoveries on petrol and diesel

GDP estimate discrepancies will disappear after revisions: Mospi secy

Mospi is overhauling India's statistical system with new indices, AI integration and sharper data tools, aiming for higher accuracy, speed and granularity in economic data

India's current account posts surprise surplus in Q4 on remittances boost

Strong services exports and record remittance inflows helped India record a current account surplus of $7.1 billion in the March quarter despite continued capital outflows

Dollar-rupee swap window opened for PSUs' overseas borrowings till December

The concessional dollar-rupee swap window, available until January 2027, aims to encourage overseas borrowings by PSUs and banks while supporting foreign capital inflows

Govt reduces annual Ujjwala LPG subsidy quota to 4 cylinders a year

With the latest revision, PMUY beneficiaries will receive the ₹300 subsidy on only the first four refills in a year, translating into an annual benefit of ₹1,200 per household

India records $7.1 bn current account surplus in Q4 FY26: RBI data

The surplus stood at $13.7 billion, or 1.4 per cent of GDP, in the fourth quarter of 2024-25

MSME delayed payment complaints fall, disposal rate falls faster

MSME payment delays remain a major concern as complaint disposal rates plunge, with private firms, institutions, Maharashtra and Delhi leading dues

India's engineering exports rise to $122 bn in FY26: Govt official

He said that engineering exports have expanded from nearly $70 billion in fiscal 2015 to $122.43 billion in the financial year ending March 31, 2026

UP's green energy roadmap gets ₹5,400 crore booster for solar expansion

Uttar Pradesh is investing ₹5,400 crore in Green Energy Corridor-II to support 22,000 MW solar capacity and strengthen power transmission from Bundelkhand

Wider Gulf crisis would be worrying, India has 76-80 days of oil: Puri

It may remain a conflict not confined to that theater ... you know, you could have problems elsewhere, Hardeep Singh Puri said

Centre has coal reserves for 80 days of power generation: Kishan Reddy

Highlighting the importance of critical minerals, Reddy said that the Centre is identifying critical mineral reserves and undertaking exploration activities

Indore to host Brics meet on food security, farmer welfare: Shivraj Chouhan

The discussions under India's presidency will include a three-day agriculture working group meeting from June 9 and a two-day Brics ministerial meeting from June 12