Economy

ECL shift may hit banks' CET-1, raise credit costs in initial years: Report

RBI's new expected credit loss framework may lower CET-1 ratios and increase provisioning in early years, though banks are likely to absorb the impact over time

Rural women drive rise in India's workforce, but gender gaps persist: NSO

Female labour force participation rises to 40% by 2025, led by rural women, but persistent wage gaps, unpaid work burden, and agriculture dependence highlight structural challenges

FDI in India may cross $90 billion in FY26 on strong inflows: DPIIT Secy

Reform measures, free trade agreements and fast-growing economic growth are helping the country to attract healthy investments

Iran conflict creates two-speed diesel market across Asian economies

Asia typically sources most of its diesel from plants within the region, which in turn rely on flows of crude from West Asia for a substantial share of their input

Cars, ACs cheaper but food prices inched up after GST cuts: Bank of Baroda

GST rate cuts have sharply lowered prices of cars and appliances, but rising input costs have limited relief for food and personal care items, Bank of Baroda analysis shows

OMCs may face LPG under-recovery of around ₹80,000 crore in FY27: Icra

State-run oil firms may face steep LPG under-recoveries in FY27 due to high global prices and supply disruptions, with broader cost pressures seen across energy-linked sectors

EPFO to launch Aadhaar-based portal to unlock dormant PF accounts

EPFO will launch an Aadhaar-based portal, E-PRAAPTI, to help members access inactive PF accounts, retrieve unclaimed balances, and streamline account activation

Expedite reforms instead of salvaging near-term growth: Finance ministry

Finance ministry's Monthly Economic Review urges India to prioritise fiscal stability and reforms over short-term growth amid risks from the West Asia crisis

Rare Earth Corridor gains momentum as Andhra targets ₹50,000 cr investment

State plans integrated rare earth ecosystem with mining, processing and manufacturing as India seeks to reduce dependence on China for strategic minerals

Exports see healthy rise in April despite West Asia challenges: Goyal

Goyal also said that free trade agreements finalised by India would give a huge boost to the domestic industry

Rupee hits record closing low at 94.85 as crude surge pressures currency

The rupee fell to a record closing low of 94.85 per dollar, pressured by rising crude prices, foreign outflows and a stronger US dollar

Trade split on cotton duty cut; risks flagged for farmers, CCI

As industry seeks lower cotton import duty amid rising prices, sections of trade warn it could hurt farmers, trigger distress selling, and lead to losses for the Cotton Corporation of India

India plans 62 new vessels with Rs 51,383 crore investment in FY27

India plans to add 62 vessels with Rs 51,383 crore investment this year to strengthen maritime capacity and ensure resilience amid global supply disruptions

RBI caps unsecured lending, tightens housing loan norms for UCBs

RBI has issued revised lending norms for urban co-operative banks, capping unsecured loans and tightening housing loan rules to strengthen risk management practices

PM Modi inaugurates ₹36,000 crore Ganga Expressway linking 12 UP districts

The expressway, which cost more than ₹36,000 crore to the Uttar Pradesh exchequer, is proposed to be linked with Haridwar in Uttarakhand in the next phase

Castrol India banks on pricing, rural push to navigate cost pressures

Castrol India is relying on price hikes and rural expansion to offset rising costs, while sustaining growth through steady demand and market share gains across segments

Why India needs to develop concentrated solar thermal power plants

India's solar boom has exposed grid and storage challenges, making it essential to scale up concentrated solar thermal power alongside batteries and pump storage for reliable round-the-clock energy

Mismatch between IBC and tax law clouds loss carry-forward benefits

A growing mismatch between insolvency and tax laws is raising uncertainty for companies, with tax authorities denying loss carry-forward benefits despite approved resolution plans

Transmission bottlenecks threaten India's ambitious renewable energy goals

India's rapid renewable energy expansion is exposing grid and transmission constraints, with experts warning that system resilience and infrastructure upgrades are critical to sustain growth

GDP growth may slip to 6% if Indian crude averages $120/barrel in FY27: EY

The Reserve Bank of India (RBI), in its monetary policy review earlier this month, projected GDP growth for FY27 at 6.9% compared to 7.6% estimated in FY26