Economy

NITI Aayog spent only 25% of FY26 Budget allocation for Atal Mission

The Ministry cited the need for "fresh due diligence" of beneficiaries as the reason for the under-utilisation - an explanation the Committee was unconvinced by

Rural jobs fall in VB-G RAM-G's first month, Centre cites sowing pause

July persondays fell sharply from MGNREGA levels, but the Centre cites sowing pauses, monsoon recovery and transition issues, while experts say one month is too early to judge

Fitch affirms India's BBB- sovereign rating, retains stable outlook

The rating agency expects India's economy to grow 6.4 per cent in FY27 but flagged high government debt, weak fiscal metrics and lagging structural indicators

Oil-and-gas PSUs see first Q1 capex decline in at least five years

Combined capital expenditure by 12 oil and gas PSUs fell 3.8 per cent to Rs 27,161 crore in Q1FY27, led by sharp declines at ONGC and Indian Oil, though experts see the dip as temporary

Parliamentary panel seeks time-bound action plan for PM Internship Scheme

The PMIS was announced in the Budget 2024-25 with a total outlay of Rs 63,000 crore over five years for the main scheme, which is yet to commence

NaBFID, IIFCL, NIIF merger plan stuck amid inter-departmental reluctance

A proposal to bring three major infrastructure financing institutions under common management remains stalled despite overlapping mandates, similar government backing and growing capital needs

Oil companies' production decline rate superior to global average: Minister

Puri said domestic production of crude oil from offshore and onshore fields stood at 27.96 million tonnes (MT) last financial year (2025-26), against 28.70 MT in 2024-25 and 29.36 MT in 2023-24

Centre's net direct tax collection surges 23% to ₹8.11 trillion till Aug 10

Direct tax revenue collection so far this year has grown faster than the 15.25 per cent growth needed to achieve the full year target this year, compared to last fiscal's actual collection

Tighter energy norms to cut profitability of urea makers by a qtr: Crisil

Crisil said impact will not be uniform, as it will be sharper for manufacturers with greater dependence on legacy urea ops and for plants that benefited most from earlier efficiency-linked savings

Bihar tops states' fiscal strain with 5.8% fiscal deficit, says Crisil

Deficits stayed particularly high in Madhya Pradesh, Tamil Nadu, Uttar Pradesh and Telangana, apart from Bihar, according to the study

Karnataka, J&K lead govt plan for 19 additional national waterways

Five waterways have been identified in Karnataka and three in Jammu & Kashmir as the government seeks to expand environmentally sustainable cargo and passenger transport

India's Q1 FY27 GDP growth projected at 8%, says SBI Research report

SBI's nowcasting model showed 86 per cent of 54 high-frequency indicators accelerating in Q1FY27, while government capital expenditure remained supportive in the quarter

India 6th-largest economy in world with $3.92 trn GDP: Govt tells Parl

India's nominal GDP stood at $3.92 trillion in 2025-26, according to the IMF's April 2026 World Economic Outlook, MoS Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha

India growth seen slowing to 6.6% in FY27, says Fitch Group company BMI

The Indian economy grew 7.7 per cent in financial year 2025-26

India's US crude imports head for lowest level since Dec 2024: Here's why

India's US crude imports may fall to around 75,000 bpd in August, near 70,000 bpd in December 2024; imports had peaked at about 565,000 bpd in October 2025

Kerala, Odisha among states releasing lowest share of MPLADS funds

Kerala released just 36.6 per cent of its MPLADS allocation to vendors, while Maharashtra and Uttar Pradesh recorded the largest gaps when measured in absolute rupees

We ducked more basic reforms because of success of 1991 talks: N K Singh

N K Singh recalls the circumstances under which India liberalised its economy. He discusses how India can negotiate a highly uncertain world now, while retaining its growth momentum

MDR in future only on some merchant UPI transactions: FM Sitharaman

"No MDR framework has yet been finalised," Sitharaman said. She added that consumers would continue to make instant digital payments through UPI without paying a transaction charge

Parliament passes Bill to recognise digital bank records as evidence

The legislation replaces the colonial-era Bankers' Book Evidence Act of 1891 and provides explicit legal recognition to electronic and digital banking records

Datanomics: West Asia conflict and India's petroleum trade diversification

India's development ambitions will depend not on promises alone, but on sustained reforms, better-designed welfare, inclusive products, capable leadership and accountability