Economy

Expenditure quality key to states' long-term fiscal health: RBI Governor

RBI Governor Sanjay Malhotra urged states to improve expenditure quality, adopt prudent borrowing and cash management practices, and use ULI and programmable CBDC for direct transfers

GST officers told to split multi-yr tax notices, substantiate fraud claims

CBIC's new circulars seek greater clarity in GST notices and adjudication, while easing registration requirements, export payment rules and input tax credit distribution

GST relief not enough to make health insurance affordable, say experts

Business Standard BFSI Insight Summit 2026: Experts said GST relief has eased premiums, but high medical costs, underinsurance, and a trust deficit remain key barriers to wider coverage

India needs $500 bn by 2030 to decarbonise key sectors: CEEW report

A CEEW-GFC and Tata Sons report says $10 billion in catalytic capital could mobilise $50 billion in blended finance to support India's transition to low-carbon technologies.

India would emerge as major exporter to China, Asean in coming years: Goyal

The remarks came nearly two weeks after the minister on October 14 stated that India is working to rebuild its relations with China, but the last word on this journey has not yet been scripted

India's diesel exports set to surge in 2027 on refining capacity boom

India is becoming a global refining hub as it prepares to boost refining capacity to 300 million tons per year by 2030, and increasing further to 400 million tpy later

India needs labour-intensive growth to address job challenges: Economists

At the Business Standard BFSI Insight Summit 2026, economists Sajjid Chinoy and Soumya Kanti Ghosh called for labour-intensive manufacturing, better skilling and a balanced approach to AI

No pressure from US to reduce Russian oil imports, says Hardeep Puri

India's imports of West Asian crude oil surged in September, returning to pre-war levels, while its ‌refiners cut back purchases ​of Russian oil amid ‌stiff competition from China

Yogi Adityanath pitches Uttar Pradesh as GCC hub, releases white paper

The white paper titled 'The True Economics of AI Adoption in GCCs' was drafted under a deep-tech innovation collaboration between HCL Technologies and IIT Kanpur

Chile FTA talks nearing conclusion, Canada talks making progress: Goyal

Commerce and Industry Minister Piyush Goyal said that negotiations with the South Africa-led SACU (Southern African Customs Union) group have started

BFSI Insight Summit 2026: Economists divided over reliance on foreign funds

At the BFSI Insight Summit 2026, economists differed on India's reliance on foreign capital, FPI tax relief and reforms needed to attract investment amid global uncertainty

Datanomics: Three key industries fare poorly in new core sector series

India's core sector output grew 7.9% in September, but crude oil, natural gas and fertilisers continued to lag, with all three recording negative Y-o-Y growth in the first half of FY27.

FCNR(B) a strong insurance policy, but repayment risks loom: Uday Kotak

At the Business Standard BFSI Insight Summit 2026, Uday Kotak said the FCNR(B) scheme had given India three to five years to strengthen its macroeconomic and financial position

India, US fine-tuning trade agreement; most discussions over: Goyal

Addressing the India-Netherlands Business Forum, he said India has concluded nine free trade agreements in the last four and a half years

Expecting 50 bps rate hike in Dec, may impact credit demand: SBI chief

Business Standard BFSI Insight Summit 2026: SBI Chairman CS Setty says higher rates could moderate discretionary spending and consumption credit

ASUSE to track hurdles faced by women entrepreneurs, shift to FY cycle

The annual survey of unincorporated enterprises will add questions on gender-specific business constraints and shift to an April-March cycle from 2027 to improve policy-relevant data

India's credit-to-GDP ratio to rise as credit access expands: Economists

Speaking at the Business Standard BFSI Insight Summit 2026, economists called for wider credit access, productive lending, stronger domestic capital markets and sustained investment to drive growth

Rajasthan to align quality of polytechnic colleges with industry demands

Recently, 'Samvad' (dialogue) programme was held in Jaipur, chaired by Srinivas, to discuss the strengthening of government polytechnic colleges and improvement of the quality of technical education

Govt likely to extend duty-free cotton imports through Dec to curb prices

India, the world's biggest cotton ‌producer after China, waived the 11% customs duty on cotton imports for five months from June 1 through October 31 to boost supplies during the lean season

Centre committed to reducing fiscal deficit, says FM Nirmala Sitharaman

Addressing concerns about the national debt, she said that since the post-Covid period, every nation has faced debt challenges