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

India's cash transfer boom is a new safety net for millions: CRISIL

Crisil says expanding cash transfer schemes are supporting low-income households, but rising state borrowing and fiscal pressures could challenge their long-term sustainability

India tops global remittances with over $137 billion inflows in 2024: UN

The report also said that countries in Asia continue to account for the largest share of internationally mobile students

Cabinet approves ₹5,659 crore cotton mission to double yields in 5 years

Cabinet raises sugarcane FRP by ₹10/quintal for 2026-27 season

West Asia conflict highlights need for India to build natural gas reserves

Rising import dependence and supply disruptions amid West Asia tensions underscore the urgency for India to build strategic natural gas reserves and strengthen LNG storage capacity

India's outward FDI jump seen as uncertainty-driven, say economists

India's outward FDI surged in March, with economists attributing the spike to uncertainty and structural shifts, even as long-term trends remain stable

Private insurers step up commitment to India's new maritime insurance pool

In less than a fortnight of its announcement, private insurers have already committed Rs 1,100 crore to the pool; plans are also afoot to set up an Indian Protection & Indemnity Club

Gujarat HC ruling on ITC denial raises compliance burden for businesses

Gujarat High Court upholds ITC denial for supplier defaults, increasing compliance costs and working capital pressure for businesses across multi-layered supply chains

Cabinet approves ₹23,437 cr rail multi-tracking projects across six states

The Cabinet has cleared Rs 23,437 crore rail multi-tracking projects across six states to enhance connectivity, reduce congestion, and boost freight capacity under PM Gati Shakti

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