Economy

India eyes next leap in power transmission with 1,150 kV UHV integration

India is planning to integrate a 1,150 kV ultra high voltage transmission system into its power grid to support large-scale renewable energy expansion and long-distance power transfer

Goyal discusses ways to boost manufacturing with industry representatives

Piyush Goyal reviews plans to boost domestic manufacturing and reduce imports amid supply chain disruptions linked to the West Asia crisis

Rising crude oil prices a challenge for external sector: RBI's report

RBI warns elevated crude oil prices and supply pressures could fuel inflation risks and strain India's external sector despite resilient growth

Net FDI into India rises sharply to $7.65 billion in FY26: RBI data

Net FDI into India rises sharply in FY26, aided by higher gross inflows and reinvested earnings, though portfolio investment flows remain weak

RBI surplus transfer to govt hits a new high of ₹2.87 trillion in FY26

Contingent risk buffer cut to 6.5% from 7.5%; forex sales aid income growth

Outward remittances slipped 2% to $28.98 billion in FY26: RBI data

India's outward remittances under the Liberalised Remittance Scheme declined in FY26 amid weaker overseas education and international travel spending

West Asia crisis may cost India ₹2.1 trillion: Bank of Baroda economists

Bank of Baroda economists warn rising oil prices and subsidy burden may widen fiscal deficit and weigh on India's growth outlook in FY27

Rupee among Asia's most vulnerable currencies amid crude oil risks

Barclays and MUFG warn the rupee could face further pressure from elevated crude prices, widening deficits and prolonged conflict in West Asia

Goyal on three-day Canada tour from May 25 to speed up Cepa negotiations

The upcoming visit will mark the first minister-level discussions between India and Canada after the signing of the terms of reference for the free trade agreement in March

Path being cleared for temporary removal of cotton export duty curbs

Government may temporarily scrap cotton import duty from July to October as textile mills seek relief amid soaring prices and supply concerns

India, Cyprus unveil five-year defence roadmap, elevate strategic ties

India and Cyprus elevate ties to a strategic partnership and unveil a five-year defence cooperation roadmap to deepen trade and investment ties

Record RBI dividend likely to provide limited fiscal support: Economists

Economists warn of fiscal slippage risks in FY27 despite RBI's record surplus transfer, citing higher subsidy burden and lower revenue growth

India, Cyprus elevate ties to 'strategic' level; set up joint task force

PM Modi hosted Cyprus President Nikos Christodoulides and the two leaders deliberated on the West Asia crisis as well as the Ukraine conflict

India's job engine strains as Iran war hits remittances and trade

Iran war has dealt a double blow to the economy, with returning migrant workers stuck in India and unable to find similar pay in their hometowns, raising risk of social unrest as unemployment grows

US wants to sell India as much energy as it can buy, says Marco Rubio

Lauding India's pivotal position on the global stage, the top US diplomat expressed strong enthusiasm for expanding bilateral trade ties

Odisha CM orders fuel austerity across govt amid supply concerns

Odisha Chief Minister Mohan Charan Majhi has announced fuel-saving measures, including mandatory EV purchases and reduced official fuel use, amid the West Asia crisis

SBI staff threatens to go on two-day nationwide strike from May 25

If the strike materialises, it will affect SBI's banking operations for five days nationwide, as the fourth Saturday and Sunday fall before the strike date

India raises concerns over UK's steel measures in WTO, says official

The measure will apply to imports of steel products that can also be made in the UK

India's peak power demand crosses projected 270 GW amid heatwave

India's peak electricity demand crossed 270 GW amid rising temperatures and severe heatwave conditions, surpassing previous records for the fourth time this month

Manufacturing drags down India's private sector activity in May: Flash PMI

India's pvt sector activity remained firmly in expansion territory in May, though growth in new orders, exports, employment and business activity softened marginally, HSBC's flash PMI survey showed