Economy

US' Section 301 tariff linked to forced labour import may not survive court

Experts say fresh US tariffs imposed under Section 301 could face legal challenges, potentially dealing another setback to President Donald Trump's trade strategy

R&D spending in India only 0.84% of GDP in FY24, govt tells Parliament

Gross R&D spending rose to Rs 2.45 trillion in FY24, while private industry overtook the government as the largest contributor to research funding

GST implementation boosted states' tax revenue, buoyancy: Ind-Ra

India Ratings says simplified taxation, stronger compliance and a wider taxpayer base have lifted states' tax collections and buoyancy since GST rollout

India shifts methanol imports to China amid West Asia conflict: Crisil

Report says supply disruptions and soaring prices prompted India to diversify sourcing away from the Middle East while boosting imports from China

Finance Ministry calls for swift policy response to global realities

In reform push, seeks reinvented approach to actions

Power discoms await revival as structural reform delays persist in India

Power discoms posted a Rs 2,701 crore profit in FY25, but heavy subsidy dependence, weak tariffs and persistent operational gaps continue to threaten a durable revival

LabourMin to review states' construction worker reforms in August meet

At the Mumbai meeting, states and UTs are expected to present the progress made on these initiatives, share best practices and highlight challenges faced during implementation

Oil prices jump nearly 7% after major airstrikes resume in West Asia

Brent crude surged nearly 7% as renewed West Asia strikes, Strait of Hormuz tensions and falling US crude inventories stoked fears of supply disruptions

Rupee gains for fourth session, hits nearly 3-week high amid RBI support

Domestic currency settles at 95.65 per dollar as RBI intervention, equity gains and short-covering offset pressure from higher crude oil prices

Goods exports rise 15%, FTAs to give further boost, says Piyush Goyal

Commerce minister says export momentum is expected to continue as FTAs take effect, while India remains engaged with the US on the proposed trade pact

Gold loan delinquencies may rise under new RBI repayment norms: Icra

Organised gold loans by banks and NBFCs are expected to cross Rs 30 trillion by March 2028, while lenders adjust to revised RBI repayment and LTV norms

India must remove investment barriers, ease non-tariff measures: Report

Competere Foundation says reducing investment restrictions and addressing overseas regulatory barriers are key to boosting exports, productivity and long-term growth

May ISP: 16 of 19 service sub-sectors grow; accommodation, food lead

Eight sub-sectors recorded double-digit growth, while information and broadcasting, air transport, and postal and courier services contracted year-on-year

Indian Oil Corp scouts stakes in gas carriers as it plans higher US imports

IOC would be the first Indian refiner seeking ownership of very large gas carriers

NTPC plans ₹17 trillion investment by 2037 to expand power capacity

The company is targeting 30 GW of nuclear capacity by 2047 as it steps a push into ‌nuclear ​power, with its ​eyes set on capacity of about 6 GW by 2037

Patchy rains, delayed sowing: How uneven rainfall is affecting farms

Despite recent heavy rainfall, cumulative monsoon deficits remain. Here's why the timing and distribution of rain matter as much as seasonal totals for agriculture

The reform booster shot that transformed India into pharmacy of the world

From generics to global leadership, India's pharmaceutical industry has transformed since 1991. Its next challenge is becoming a global hub for breakthrough drug innovation

ONGC okays $500 million guarantee for MRPL to import oil from Aramco

ONGC approved a $500 million guarantee for MRPL's crude imports from Aramco as India plans to source up to 25% of its 2027 LPG imports from the US

Net FDI decline due to increased repatriation by foreign investors: Govt

FDI declined in recent years, from $27.99 billion in FY23 to $6.95 billion in FY26, due to increased repatriation by foreign investors and rising Overseas Direct Investment (ODI) outflows

Macro fundamentals of Indian economy remain strong amid global challenges

The domestic financial system remains resilient, underpinned by strong bank and non-bank balance sheets, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha.