Economy

Record RBI dividend likely to provide limited fiscal support: Economists

Economists warn of fiscal slippage risks in FY27 despite RBI's record surplus transfer, citing higher subsidy burden and lower revenue growth

India, Cyprus unveil five-year defence roadmap, elevate strategic ties

India and Cyprus elevate ties to a strategic partnership and unveil a five-year defence cooperation roadmap to deepen trade and investment ties

RBI to transfer record ₹2.87 trillion dividend to govt for FY26

Contingent risk buffer cut to 6.5% from 7.5% last year; FX sales aid income growth

Rupee among Asia's most vulnerable currencies amid crude oil risks

Barclays and MUFG warn the rupee could face further pressure from elevated crude prices, widening deficits and prolonged conflict in West Asia

Outward remittances slipped 2% to $28.98 billion in FY26: RBI data

India's outward remittances under the Liberalised Remittance Scheme declined in FY26 amid weaker overseas education and international travel spending

Net FDI into India rises sharply to $7.65 billion in FY26: RBI data

Net FDI into India rises sharply in FY26, aided by higher gross inflows and reinvested earnings, though portfolio investment flows remain weak

Piyush Goyal to visit Canada on Monday amid push to fast-track FTA talks

The upcoming visit will mark the first minister-level discussions between India and Canada after the signing of the terms of reference for the free trade agreement in March

India, Cyprus elevate ties to 'strategic' level; set up joint task force

PM Modi hosted Cyprus President Nikos Christodoulides and the two leaders deliberated on the West Asia crisis as well as the Ukraine conflict

India's job engine strains as Iran war hits remittances and trade

Iran war has dealt a double blow to the economy, with returning migrant workers stuck in India and unable to find similar pay in their hometowns, raising risk of social unrest as unemployment grows

US wants to sell India as much energy as it can buy, says Marco Rubio

Lauding India's pivotal position on the global stage, the top US diplomat expressed strong enthusiasm for expanding bilateral trade ties

Odisha CM orders fuel austerity across govt amid supply concerns

Odisha Chief Minister Mohan Charan Majhi has announced fuel-saving measures, including mandatory EV purchases and reduced official fuel use, amid the West Asia crisis

SBI staff threatens to go on two-day nationwide strike from May 25

If the strike materialises, it will affect SBI's banking operations for five days nationwide, as the fourth Saturday and Sunday fall before the strike date

India raises concerns over UK's steel measures in WTO, says official

The measure will apply to imports of steel products that can also be made in the UK

India's peak power demand crosses projected 270 GW amid heatwave

India's peak electricity demand crossed 270 GW amid rising temperatures and severe heatwave conditions, surpassing previous records for the fourth time this month

Manufacturing drags down India's private sector activity in May: Flash PMI

India's pvt sector activity remained firmly in expansion territory in May, though growth in new orders, exports, employment and business activity softened marginally, HSBC's flash PMI survey showed

India's unincorporated sector employment crossed 150 million in Jan-Mar

Employment in India's unincorporated non-agricultural sector reached a record 151.7 million in the March quarter, led by strong rural and services-sector growth

Datanomics: India's rising car exports face fresh Lankan speed bump

After lifting its import ban in 2025, Sri Lanka has seen a sharp rise in vehicle imports, prompting a temporary surcharge to protect forex reserves and ease pressure on the external sector

GST cut, phased rollout needed for flex-fuel push: Auto industry to govt

Automakers have urged the government to cut GST on flex-fuel vehicles and adopt a phased rollout strategy to boost FFV adoption in India

Considering several steps to contain widening CAD, says Piyush Goyal

Goyal said the government has no plans to cut non-essential imports into India as of now

Crude prices could influence growth, inflation: EAC-PM chief S Mahendra Dev

EAC-PM Chairman S Mahendra Dev said higher crude prices and supply disruptions from the West Asia conflict could weigh on India's growth and inflation