Economy

Food, fuel push retail inflation to 23-month high of 5.54% in September

Retail inflation rose from 4.83% in August as food inflation climbed to 7.74%, led by a sharp rise in onion prices, while transport and services costs added to pressure

Chatroom: How to reduce demurrage on detained import consignments

TNC Rajagopalan answers SME queries related to GST, export and import matters

Transit states can intercept e-way bill vehicles on specific intelligence

GST Council proposes curbs on transit-state inspections, while pushing wider e-invoicing, stronger data analytics and a facilitative approach to tax compliance

India's poverty rate seen falling by 2.1% to 12.1% by 2028: World Bank

Poverty reduction to slow despite gains in jobs, consumption, and social transfers

'FTAs can add $170 billion to India's GDP by 2035, cushion US tariffs'

Bloomberg Economics estimates that India's expanding trade agreements could lift GDP by up to 2.1 per cent by 2035, while stronger exports elsewhere help offset US tariffs

FTAs to push global carmakers to make in India, says Piyush Goyal

Piyush Goyal says calibrated tariff concessions on car imports under India's trade pacts with the EU and UK will help global automakers assess demand and encourage local manufacturing

Fisme urges SME Growth Fund aid for MSMEs with SMA-2, NPA loan accounts

Fisme wants the ₹10,000-crore SME Growth Fund to support financially stressed MSMEs with SMA-2 or NPA accounts, provided they have credible plans to revive their businesses

Uttar Pradesh govt targets 4.8 million tonnes of oilseeds output

Uttar Pradesh targets 4.8 million tonnes of oilseeds output in FY27, backed by 5 million free seed kits and ₹950 crore in subsidies for seeds and agricultural machinery.

GST officers to focus on widening base, increase cash tax collection

With the economic benefits of last year's GST rate revamp showing results, GST officers will now follow a more "facilitative approach" rather than "mandatory compliance" to show trust in taxpayers

Noida to expand by 20,000 hectares under 'New Noida' development plan

The Uttar Pradesh government plans to develop New Noida over 20,000 hectares, targeting 500,000-600,000 jobs by 2030, with a focus on industrial growth and connectivity

Nobel Economics Prize 2026: How Hall and Woodford changed policymaking

Robert E Hall and Michael Woodford's research helped explain how expectations shape spending, inflation and interest rates, transforming the way policymakers respond to economic shocks

Russia to supply diesel to US, global markets: What it means for India

US President Donald Trump said Russia had agreed to immediately supply more than 300,000 tonnes of diesel to the US and global markets after a discussion with Russian President Vladimir Putin

Retail inflation rises to 5.54% in Sep as food inflation zooms to 7.74%

The latest reading marks the highest retail inflation rate recorded so far in 2026, with inflation rising every month since January, when it stood at 2.74 per cent

Robert E Hall, Michael Woodford win Nobel Prize in Economics 2026

Their research has strengthened economists' ability to understand and respond to economic shocks, including energy crises and sudden shifts in household consumption

UP Electronics Component Manufacturing Policy, 2025: Key features, eligibility and implementation

The Uttar Pradesh government notified the policy on September 4, 2025, but made eligible capital expenditure incurred from April 1, 2025 claimable under the framework

Google defends $15 billion Vizag AI hub amid water concerns, protests

A top Google executive has addressed concerns over the tech giant's $15 billion AI data centre in Visakhapatnam, which has faced massive protests from locals. Here's what he said

India needs to lift the poor, not take down the rich: Daniel Waldenström

Swedish economist Daniel Waldenström argues that education, broader asset ownership and growth-led redistribution are key to tackling inequality

Weekly policy watch: Retail inflation, WPI and forex reserves in focus

India's policy agenda this week will centre on retail and wholesale inflation data, and fresh forex reserves figures

Ayodhya Ram temple gets FSSAI's top 'Eat Right Place of Worship' rating

Food regulator FSSAI has certified Shri Ram Janmbhoomi Teerth Kshetra, Ayodhya, as 'Eat Right Place of Worship' for maintaining adequate food safety and hygiene standards.

Following RBI's weekend measures, rupee woes may ease in the near term

Global headwinds, balance of payment remain key to stability