Economy

Net direct tax collections rise just 5% in FY26, miss revised estimates

Net direct tax collections rose 5.12% in FY26, missing revised estimates as non-corporate tax growth remained flat despite robust corporate tax collections

Manufacturing PMI rises to 54.7 in April, cost pressure hits 44-month high

The reading remained above 50, which denotes expansion in activity, while a reading below that signifies contraction

J&K staff integration: EPFO sticks to 2019 cutoff, sparks concern

The proposals also seek to withdraw a decision taken at the 235th CBT meeting in Feb 2024, which had recognised one such promotion, citing the need to maintain consistency with the earlier framework

Net direct tax collection rises 5% to over ₹23.40 trillion in FY26

Gross direct tax collection during the recently concluded fiscal stood at about ₹28.12 lakh crore, up 4.03 per cent from the 2024-25 fiscal

Central schemes likely to get fresh push after BJP's West Bengal win

The prime example of this is MGNREGA, which has now been replaced by the new Viksit Bharat-Guarantee for Rozgar and Aajeevika Mission (GRAMIN) or VB-G RaM G

Crude oil prices expected to remain high and volatile, says CRISIL

CRISIL says Brent crude prices may stay elevated amid supply disruptions, geopolitical risks, and constrained flows, revising its FY27 price outlook upward to $90-$95 per barrel

India, Canada begin second round of CEPA trade talks to boost ties

The pact is officially known as the Comprehensive Economic Partnership Agreement (CEPA) and negotiations will cover trade in goods, services, and other mutually agreed policy areas

What sells ought to be good: How metrics reshaped our idea of quality

Can we build systems where quality and scale coexist - not because quality always wins, but because losing the ability to tell the difference may cost us more than we realise?

Govt has no proposal for financial support to state-run fuel retailers

Indian state fuel retailers have raised prices for liquefied petroleum gas for industrial customers and jet fuel rates for foreign carriers

India resumes wheat exports after 4 years, but high prices may curb demand

India, the world's largest wheat producer after China, has allowed exports of the grain this year, lifting a ban on overseas sales imposed in 2022

Weekly policy watch: PMI data, coal gasification push in focus this week

India's economic calendar this week will track factory and services activity alongside a major energy policy push, offering key signals on growth, inflation and industrial strategy

West Asia conflict: Govt looks to tap deepwater oil amid Hormuz squeeze

Focus likely to be on collecting seismic data in unexplored blocks

Pvt banks expect pickup in retail credit in FY27; corp, MSME lending strong

Corporate and MSME loans power credit growth as retail lending lags, but banks expect a pickup in FY27

Sub-par monsoon not a crisis; agriculture has shown resilience: Chand

Former NITI Aayog member and noted agriculture economist Ramesh Chand says India is better prepared to handle rainfall variability than in the past

India-bound LPG tanker clears Hormuz, set to reach Vizag by May 13

The cargo -- enough to meet half a days requirement of the country -- will partly tide over supply constraints being faced since the start of the West Asia conflict more than two months back

Centre releases ₹17,744 crore as first wage instalment for MGNREGA in FY27

Centre clarifies scheme to continue till VB-GRAMIN is rolled out

Weekly economy wrap: GST hits record, FDI rules ease, credit slows

Economy wrap April 27-May 3: India's economy showed mixed signals this week as GST collections hit a record, credit growth slowed and policy moves spanned FDI, trade, energy and statistical reforms

RBI caps unsecured lending, tightens housing loan norms for UCBs

RBI has issued revised lending norms for urban co-operative banks, capping unsecured loans and tightening housing loan rules to strengthen risk management practices

CEA sees West Asia conflict widening India's CAD above 2%, urges investment

The CEA argued that India's substantial refining capacity significantly mitigates the challenges of its high crude oil import dependence

Govt notifies 100% FDI in insurance sector under automatic route rules

The move to allow 100 per cent FDI in the insurance sector is expected to boost foreign interest in the sector