Economy

India facing 500% duty for buying Russian oil? Trump backs proposed US bill

President Donald Trump has "greenlit" the bipartisan Russia sanctions bill that aims to target countries doing trade with Russia

Finmin plans to scrap curbs on Chinese firms bidding for govt contracts

The measures imposed in 2020 effectively barred Chinese firms from competing for Indian government contracts that were estimated to be worth $700 billion to $750 billion

BMI forecasts India fiscal deficit at 4.6% in FY27 despite 4.3% target

BMI said that the fresh spending needs would not necessarily entail greater public deficits if the government could generate more revenue

500% tariff on India? Trump 'okays' Bill targeting purchase of Russian oil

Donald Trump has 'approved' a bipartisan sanctions Bill that proposes duties of up to 500 per cent on countries buying Russian oil, raising pressure on India, China and Brazil

Rare earth sector may have low-to-medium indigenisation feasibility: CEA

CEA also flags low to medium feasibility for indigenising battery cells & cathode materials and solar wafers & cells

Scheme to boost manufacturing of shipping containers on the table

Nascent estimates target Rs 12,000 crore outlay to achieve 600,000 containers production annually

E-way bill generation hits fresh high in December on strong goods movement

December saw the highest-ever e-way bill generation, signalling strong goods movement, improved consumption, and the impact of GST 2.0 rate rationalisation

Datanomics: Lower tax buoyancy, not GDP, weighs on Centre's finances

Slower nominal GDP growth in FY26 may not hurt deficit math, but weak tax buoyancy and a slipping tax-to-GDP ratio signal rising stress on revenue collections

Census 2027: Centre notifies first phase, house listing to begin April 1

The House Listing and Housing Census will precede population enumeration and focus on housing conditions and amenities, with the exercise scheduled across states and UTs in 2026

NSO releases first advance estimates: GDP may expand 7.4% in FY26

Nominal growth expected at 8%, slowest since FY21; fiscal deficit target likely to be met

Evacuating clean energy efficiently needs resolution of transmission blocks

India's transmission expansion is being tested by curtailment in Rajasthan, raising questions over grid readiness, usable capacity, and whether clean power can reliably reach consumers

Fiscal deficit target in reach despite lower nominal GDP growth estimate

The Budget estimates for this year had assumed a nominal GDP growth of 10.1 per cent

FY26 first advance GDP estimates show infra investment up, consumption flat

NSO data shows infrastructure investment gaining momentum in FY26 on strong public capex, while household consumption growth is expected to ease marginally

Why India's state accounts don't add up, distorting deficits and debt

Misclassification is rife, affecting compliance under FRBM Act, and distorting revenue surplus, fiscal deficit and debt ratios. IMF doesn't like it. Now, CAG is set to clamp down on the bad practic

Govt launches 2-day conference on labour codes, asks states to notify rules

This is the first of six regional conferences planned by the Central government, covering all states, Union territories and key stakeholders

Cut imports, boost exports to become 3rd-largest economy: Gadkari

The road transport and highways minister noted that the use of bio-bitumen, a petroleum-free component, in road construction is a transformative step towards the vision of Viksit Bharat 2047

India's economy to grow 7.4% in FY26, first advance estimates show

The projection formed part of India's first advance estimate of gross domestic product (GDP), which is subject to revisions as data coverage improves

UBS cuts rupee March forecast to 92, expects short-lived US deal relief

From near 90 per dollar levels currently, UBS's forecast implies a roughly 2 per cent depreciation over three months, well beyond the March ​forward rate that's near 90.55

India should boost silver processing and diversify imports, says GTRI

In FY25, India exported just $478.4 million of silver products while importing $4.83 billion, underscoring its deep import dependence

Indian exporters risk losing US orders without January trade deal

The punitive 50 per cent US tariffs since August already hurt the exporters' order volumes in the typically busy winter and Christmas season in 2025