Economy

Chatroom: Clarifications on MTT, Incoterm, self-sealing, authorisations

Experts clarify RBI norms on merchanting trade, DPU vs DAP usage, self-sealing permissions and EPCG authorisation rules for exporters

OMC underrecoveries for diesel at ₹30 per litre, petrol at ₹6 per litre

State-run oil firms continue to face financial pressure from subsidised LPG sales, even as recent fuel price hikes have sharply reduced under-recoveries on petrol and diesel

GDP estimate discrepancies will disappear after revisions: Mospi secy

Mospi is overhauling India's statistical system with new indices, AI integration and sharper data tools, aiming for higher accuracy, speed and granularity in economic data

India's current account posts surprise surplus in Q4 on remittances boost

Strong services exports and record remittance inflows helped India record a current account surplus of $7.1 billion in the March quarter despite continued capital outflows

Dollar-rupee swap window opened for PSUs' overseas borrowings till December

The concessional dollar-rupee swap window, available until January 2027, aims to encourage overseas borrowings by PSUs and banks while supporting foreign capital inflows

Govt reduces annual Ujjwala LPG subsidy quota to 4 cylinders a year

With the latest revision, PMUY beneficiaries will receive the ₹300 subsidy on only the first four refills in a year, translating into an annual benefit of ₹1,200 per household

India records $7.1 bn current account surplus in Q4 FY26: RBI data

The surplus stood at $13.7 billion, or 1.4 per cent of GDP, in the fourth quarter of 2024-25

MSME delayed payment complaints fall, disposal rate falls faster

MSME payment delays remain a major concern as complaint disposal rates plunge, with private firms, institutions, Maharashtra and Delhi leading dues

India's engineering exports rise to $122 bn in FY26: Govt official

He said that engineering exports have expanded from nearly $70 billion in fiscal 2015 to $122.43 billion in the financial year ending March 31, 2026

UP's green energy roadmap gets ₹5,400 crore booster for solar expansion

Uttar Pradesh is investing ₹5,400 crore in Green Energy Corridor-II to support 22,000 MW solar capacity and strengthen power transmission from Bundelkhand

Wider Gulf crisis would be worrying, India has 76-80 days of oil: Puri

It may remain a conflict not confined to that theater ... you know, you could have problems elsewhere, Hardeep Singh Puri said

Centre has coal reserves for 80 days of power generation: Kishan Reddy

Highlighting the importance of critical minerals, Reddy said that the Centre is identifying critical mineral reserves and undertaking exploration activities

Indore to host Brics meet on food security, farmer welfare: Shivraj Chouhan

The discussions under India's presidency will include a three-day agriculture working group meeting from June 9 and a two-day Brics ministerial meeting from June 12

Inflation likely rose to 4% in May amid rising food, fuel costs: Poll

RBI Governor Sanjay Malhotra said underlying inflation pressures remained benign, although second-round effects warranted vigilance

What steps India has taken to stem dollar outflows, support rupee

A surge in oil prices following the Iran ​conflict and selling of Indian stocks by foreign investors are likely to widen ​the BoP deficit this financial year

Weekly policy watch: EU delegation visit, inflation and forex data in focus

India's policy calendar this week will be driven by a high-level EU visit, inflation data and key indicators on banking liquidity and external sector stability

Indian companies hike prices, shrink packs as Iran war squeezes margins

The US-Israeli war on Iran has disrupted trade routes and lifted input costs ​globally, hitting import-reliant economies like India harder, where a weaker rupee is adding to inflation

StatsGuru: The tides and the troughs of the Modi era's economic record

As the Modi government completes 12 years, India has grown into a larger economy with lower inflation and unemployment, though external vulnerabilities persist

BS Poll: Rising fuel and fertiliser bills may drag FY27 growth to 6.5%

India's GDP growth is expected to slow to 6.5% in FY27 as oil prices, geopolitical tensions and weak monsoon prospects weigh on economic activity

'India pharma resilient despite disruptions; no blanket price hike planned'

India's pharma sector remains resilient despite West Asia disruptions, as the government advances biopharma, R&D and bulk drug manufacturing initiatives