Economy

GSTAT braces for rush in appeals ahead of June 30 filing deadline

Finance Ministry officials expect a surge in GSTAT appeal filings before the June 30 deadline as taxpayers defer cases over pre-deposit concerns

NSO resets GSVA base year to 2022-23, seeks all-state and UTs adoption

The revised GSVA framework with 2022-23 as base year aims to improve accuracy, comparability and coverage of state-level economic estimates

Haryana leads in informal jobs growth; Gujarat sees contraction

Haryana emerged as a leader in employment, scale, and productivity in the informal economy, while Gujarat saw declines across all three indicators

Rupee gains for second day as crude prices fall below $100 per barrel

The rupee strengthened against the dollar for a second straight session as easing crude oil prices and optimism over US-Iran talks supported sentiment

India-EU FTA likely to come into force in 2027, says EU ambassador

India-EU FTA may take effect in 2027 as both sides complete legal scrutiny, with focus shifting to implementation, trade barriers and investment rules

Limited tariff hikes, rising power costs to keep discom cash gap high: ICRA

ICRA said discoms' cash gap is likely to remain elevated in FY27 as muted tariff hikes and higher power purchase costs strain finances

Bengal workers to get ESIC coverage after Labour Codes rollout: Mandaviya

Labour Minister Mansukh Mandaviya said workers in West Bengal will gain access to expanded ESIC social security benefits once the Labour Codes are implemented

PMEGP scheme creates 3.6 mn jobs, boosts micro-enterprises: MSME ministry

The MSME ministry said PMEGP created 3.6 million jobs and helped set up over 400,000 micro-enterprises during the 15th Finance Commission period, with strong focus on rural areas

Govt reopens narrow FDI door to China-linked funds: How it impacts startups

The revised Press Note 3 framework may speed up startup deals by allowing limited China-linked exposure through the automatic FDI route, while keeping direct Chinese investment under approval

Odisha pitches east coast-led growth as India's next economic engine

Odisha Chief Minister Mohan Charan Majhi urged industries to back east coast-led growth, positioning the state as a future manufacturing and logistics hub

How govt's E85, E100 push tests India's ethanol supply and storage limits

India is preparing the ground for E85 and E100 fuels, but moving beyond E20 will depend on whether the country can produce enough ethanol, store it safely, and distribute it efficiently at scale

India, Japan boost tech ties with pacts on medical devices, quantum science

Minister Jitendra Singh said India and Japan share 'natural synergy in science and tech', noting that Japan's advanced capabilities and India's talent pool create strong potential for joint innovation

India needs energy storage policy to manage supply shocks: S&P Global

S&P Global said India requires a comprehensive energy storage policy to tackle supply disruptions amid high dependence on crude oil, LNG and LPG imports

Unincorporated sector added 7.5 million jobs in 2025: NSO survey

NSO's ASUSE 2025 survey showed Uttar Pradesh and West Bengal dominating in scale, while Maharashtra and Tamil Nadu led in productivity and value creation

India, South Korea likely to hold FTA review negotiations on May 25

India, South Korea to review CEPA on May 25 amid concerns over widening trade deficit, with New Delhi pushing for a modernised pact and more balanced trade ties

RBI announces Rs 75,000 crore four-day VRR auction amid surplus liquidity

The Reserve Bank of India will conduct a four-day variable rate repo auction worth Rs 75,000 crore to manage evolving liquidity conditions in the banking system

MFIN flags rise in false loan waiver campaigns, backs RBI advisory

MFIN has backed the RBI's advisory against misleading loan waiver campaigns amid rising misinformation and borrower mobilisation efforts in parts of North India

Steel demand increases 8% in April as prices recover across segments

India's finished steel consumption rose 8.1 per cent in April 2026, while prices of long and flat steel products recovered amid stronger demand conditions

Coal India sees muted April e-auction demand despite strong premiums

Coal India allocated 39 per cent of the coal offered in April e-auctions, while premiums remained strong at 51 per cent over notified prices

Opinion: India has window of opportunity to unlock tourism boom from Europe

India's improving value perception, geopolitical stability and diverse offerings create a rare opportunity to sharply increase foreign tourism revenues from Europe if approached systematically