Economy

Fertiliser subsidy bill likely to double to ₹3.4 trillion in FY27

Rising global fertiliser prices and support extended to oil retailers are squeezing fiscal space, though the government says its capital expenditure plans remain unchanged

Cotton price relief from duty cut may prove short-lived, traders warn

While cotton and yarn prices have eased after the import duty cut, traders caution that global price risks, El Nino concerns and the October import window could limit the benefits

Heatwaves, urbanisation drive record power demand, reshape energy planning

A record peak demand of 271 GW in May underscores the growing impact of heatwaves, urbanisation and electrification, while raising fresh questions about grid resilience and energy planning

Centre announces ₹95,692 crore interim allocation under VB-G RAM G

The interim allocation comes ahead of the formal launch of VB-G RAM G on July 1, 2026, across the country

Govt considering extending duty relief on petrochemical imports beyond June

The exemption, announced earlier this year, covers 40 petrochemical products used for making plastics and pharmaceuticals and is currently valid through June 30

GDP growth momentum intact, no immediate need for borrowing: Govt officials

Once the data of the April-June quarter and the impact of El Nino on the monsoon is available, the government will reassess the macroeconomic data in July

Royalty rate cuts aim to reduce costs, boost oil and gas exploration

While lower royalties are expected to improve project viability and attract investment, concerns remain over poor prospectivity data, limited discoveries, and competition from more attractive regions

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