Economy

Cabinet approves Suchi Semicon, Crystal Matrix projects worth ₹4,000 crore

The Union Cabinet has approved two semiconductor projects under ISM, taking total approved investments to Rs 1.64 lakh crore across 12 chip manufacturing and packaging units

Indian banks' ROAs peaking; NIM pressure to cap gains: McKinsey & Company

Indian banks' ROAs may have peaked at 1.4% in FY25, with declining net interest margins, rising costs and funding pressures expected to limit further profitability gains

Cabinet approves ₹1,570 crore ship repair facility at Vadinar, Gujarat

Cabinet clears ₹1,570 crore Vadinar ship repair facility to boost domestic capacity and reduce reliance on foreign shipyards

Cabinet clears ₹18,100-cr credit guarantee scheme for aviation, MSMEs

Cabinet clears ₹365/qtl sugarcane FRP, ₹5,659 crore cotton mission

Rupee hits fresh low amid surge in crude prices and West Asia tensions

The rupee hits a record low as crude oil prices surge amid West Asia tensions, raising concerns over inflation, import costs, and widening current account deficit

India may consider lower inflation target, narrower band: RBI Deputy Guv

The government, after consultation with the RBI, has notified the inflation target framework for a five year period through March 31, 2031

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?

India most resilient emerging mkt, better placed to manage shocks: Moody's

Stating that India is "better placed" among emerging market sovereigns to manage future global shock, Moody's said it would also enter any future periods of stress with strong and accessible buffers

India is the third-largest economy in the world in real terms

PPP-based estimates show India as the world's third-largest economy, highlighting how currency distortions mask real purchasing power, domestic demand strength, and global economic influence

US naval ops to protect global energy, India's LPG supply: US Treasury secy

Bessent called on Beijing to play a constructive role, particularly ahead of US President Donald Trump's expected meeting with Chinese President Xi Jinping next week

Net direct tax mopup rose 5.12% in FY26 but fell short of RE: CBDT data

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

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

Datanomics: One in four Indians still lacks access to safe drinking water

India has improved access to safe drinking water, but one in four people still lack reliable supply, with rural areas and groundwater dependence a key concern

EAC-PM calls for mapping economic vulnerabilities in food, other areas

S Mahendra Dev in an interview with PTI further said the ongoing West Asia conflict highlights the need for a forward-looking approach to risk management

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

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

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