Economy

India grows with the world, not at anyone's cost: PM Narendra Modi

Addressing the Bloomberg New Economy Forum, PM Narendra Modi stressed global cooperation, democratisation of technology and India's commitment to reforms amid uncertainty

IMF raises India's FY27 growth forecast to 7% on strong domestic demand

Cites resilient demand, but warns of risks from war and AI investments

New transport body needs execution powers to make integrated logistics work

The Integrated Transport and Logistics Authority will coordinate between ministries, but experts warn that limited execution powers and overlapping responsibilities could weaken effectiveness

CBDT nudges 12,000 tax professionals to file audit reports by October 21

Under its SAKSHAM NUDGE initiative, the Income Tax Department has contacted professionals who have filed fewer than half the audit reports they submitted in the previous year

Madhya Pradesh collects ₹44,711 crore in revenue in first half of FY27

Revenue rose 11.37 per cent year-on-year, with the Excise Department coming closest to meeting its target and Commercial Tax contributing the largest share of collections

Tamil Nadu overtakes Telangana with highest retail inflation in September

Tamil Nadu's retail inflation rose to 6.81 per cent in September, while Telangana slipped to fourth place as all-India inflation climbed to 5.54 per cent amid rising food prices

Rupee should be allowed to find its own level, says Uday Kotak

Uday Kotak says the rupee should find its own level, urging India to boost competitiveness, innovation and manufacturing while keeping investment options open

Two-thirds of MSMEs use AI tools, but only 21% deploy biz software: Study

A CII-ISB study finds 65.8 per cent of surveyed MSMEs use AI tools, but just 21 per cent deploy ERP or customised software, highlighting gaps in technology adoption and productivity.

India's school-to-work push faces test of skills, jobs and apprenticeships

The government plans to link education and employment databases and expand career counselling in schools, but experts say apprenticeships, training, and job creation are key to improving outcomes

Indian Railways' freight loading rises 6.14% to 135.5 mt in September

Coal loading rose 9 per cent in September, while freight revenue increased 9.3 per cent year-on-year, as Indian Railways transported 135.5 million tonnes of goods during the month

GEC-III opens door to competitive bidding for state power transmission

The Rs 1.86 trillion GEC-III scheme aims to strengthen intra-state transmission networks and battery storage, while using competitive bidding to reduce costs and improve renewable energy evacuation

CEA chairman flags fuel supply concerns as electricity demand rises sharply

CEA Chairman Ghanshyam Prasad warns of depleting coal stocks at power plants amid rising demand, calling for more baseload capacity and a balanced mix of energy resources

Strong statistical systems key to achieving Viksit Bharat goal: P K Mishra

Principal Secretary to the PM P K Mishra calls for credible statistics, granular data, technology adoption and stronger Centre-state coordination to improve policy decisions and outcomes

Indian Railways freight loading rises 6.1% to 135.5 mt in September

Freight loading rose 6.14 per cent year-on-year, while revenue increased 9.3 per cent to Sep 2025 levels, with coal loading up 9 per cent and daily coal rake supply to power plants rising 11.6 per cen

Odisha spends only 25% of capital outlay, 33% of annual estimate by Sep

The state spent ₹18,183 crore of its ₹72,100 crore capital outlay by September, while overall expenditure reached ₹94,463 crore

Govt's free trade push could lead to $140 billion GDP gain for India

The surge in US tariffs since President Donald Trump returned to the White House in January 2025 is redrawing global trade links

IMF raises India's growth forecast to 7% in FY27 on strong domestic demand

The IMF has raised India's FY27 growth forecast to 7% from 6.4%, citing resilient domestic demand and robust services activity, and lifted its FY28 projection to 7%

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