Economy

Gifts from abroad over the years via diplomatic channels up for auction

The first public Toshakhana e-auction features around 300 gifts received by Indian diplomats, with proceeds going to the Consolidated Fund of India

CBDT readies plan to meet ₹26.9 trillion direct tax target in FY27

CBDT has drawn up a multi-pronged strategy to achieve its ₹26.97 lakh crore direct tax target, backed by strong early collections

India's forex reserves increase by $963 mn on back of rise in gold reserves

India's forex reserves rose by $963 million to $672.59 billion in the week ended June 19, driven by a sharp increase in gold reserves despite a decline in foreign currency assets

20 states utilised just 5.86% of combined budgeted capex in April-May

Twenty states utilised 5.86 per cent of their FY27 capex budgets in April-May, below the year-ago pace, though spending recovered in May after a sluggish April

Datanomics: Rising EV exports get further boost from India-UK pact

The India-UK trade pact opens duty-free access for Indian EVs while easing tariffs on UK car imports, strengthening two-way automotive trade

Transformational growth prime focus of FTA with UK, says Piyush Goyal

"Collaborations, cooperations, partnerships will be, in my humble opinion, the right way to come in quickly for both British businesses and Indian businesses," Goyal said

Middlemen offer discounted Iranian oil to Indian refiners after US waiver

National Iranian Oil Company and traders have approached Indian refiners with discounted crude following Washington's temporary sanctions waiver, though payment mechanisms remain unclear

Goldman Sachs lifts FY27 India growth forecast to 6.5% as oil price easing

Brokerage cites easing oil prices after the US-Iran peace deal, raises India's FY27 growth forecast to 6.5% and lowers headline inflation projection to 4.9%

India's steel exports to EU may fall 24% due to CBAM, says ICRIER study

ICRIER says the EU's Carbon Border Adjustment Mechanism could cut India's steel exports by 24 per cent and have only a marginal impact on global carbon emissions

India's FY27 GDP growth seen at 6.6-6.8% as energy prices ease: EY

EY said India continues to demonstrate strong economic resilience despite external uncertainties, underpinned by robust domestic economic fundamentals and sustained private sector activity

Anti-dumping duty on electrical steel may push transformer costs: GTRI

The specialised electrical steel minimises energy losses and is indispensable for efficient electricity transmission and distribution

Goldman Sachs lifts India GDP forecast to 6.8% for 2026 after US-Iran deal

The brokerage raised India's GDP forecast, while cutting its inflation estimate to 4.4% and current account deficit forecast to 1.1% of GDP, on falling crude oil prices after the US-Iran peace deal

NHAI plans ATMS for highways. What is it and how will it transform traffic?

From AI-enabled surveillance to automated incident detection, here's how Advanced Traffic Management Systems will transform highway travel

Govt proposes 7 kg ration per person for Antyodaya Anna Yojana households

The Centre proposes linking AAY foodgrain allotment to family size, granting 7 kg per person monthly while retaining a maximum household cap of 35 kg

Datanomics: India records arms trade surplus, hits record in FY26

India's arms trade surplus hits a record in FY26 as exports surge, partners shift to Europe and Armenia, and BrahMos missile sales talks with the UAE gather pace

Centre's disinvestment receipts in Q1 FY27 exceed FY26 proceeds

Government disinvestment receipts have crossed ₹18,000 crore in FY27's first quarter, already surpassing the total stake-sale proceeds of FY26

No US trade deal until India gets competitive edge, says Piyush Goyal

Commerce minister says agreement hinges on Washington providing tariff advantage against rival economies

Govt plans to borrow ₹3.36 trillion through Treasury Bills in Q2FY27

The Centre will raise Rs 3.36 trillion through 91-day, 182-day and 364-day Treasury Bills in the July-September quarter, with 14 weekly auctions scheduled by the RBI

Targeted RE spending can save India $28 bn in climate losses: Report

Investing just 2% of renewable energy project costs in climate resilience could help India avoid $28 billion in potential losses, a report says

US inflation hits three-year high as consumer spending rebounds

US consumer spending rose in May despite the highest inflation in over three years, reinforcing expectations that the Federal Reserve may raise interest rates