Economy

Tamil Nadu debt nearly doubles to ₹10 trillion in five years: White paper

The TVK government's white paper said Tamil Nadu added Rs 4.87 trillion in debt over five years, while total liabilities, including guarantees and off-budget borrowings, reached Rs 13.8 trillion

India's trade surplus shifts towards Asia and Africa in early FY27

India's trade balance turned favourable with several Asian and African economies in April-May, even as surpluses with traditional partners such as the US narrowed

18 states overshot fiscal deficit ceiling in FY25, shows CAG report

The CAG's review of state finances showed 18 states exceeded the 3 per cent fiscal deficit ceiling in FY25, while combined state liabilities continued to rise over the decade

Rice stocks climb to record high; wheat inventories at five-year peak

India's rice stocks hit a record high and wheat inventories reached a five-year peak, boosting food security and giving the government room to manage prices

Datanomics: Both PPI inflation, GVA deflators show farmer distress in FY26

PPI and GVA deflators both signal lower farm prices in FY26, reinforcing concerns over farmer earnings despite debate over how agricultural output is measured

Strait of Hormuz traffic recovery may be slow, say industry experts

The US-Iran agreement has eased oil market fears, but experts warn it could take months for Strait of Hormuz shipping to fully normalise

Kudankulam nuclear project gets its 'heart', moves closer to 6,000 MWe

NPCIL has installed the reactor pressure vessel at Unit-5 of the Kudankulam Nuclear Power Project, marking a key step towards expanding clean-energy capacity

Supreme Court ruling resets the role of India's economic regulators

In setting aside the CCI's order against Amazon, the Supreme Court has framed regulatory certainty, transparency and fairness as strategic assets for India's investment climate

Brazil leads in flex-fuel vehicles, but India needs a broader fuel strategy

When it comes to using ethanol blends to power vehicles, Brazil is a world-beater. But India needs a more diversified fuel strategy

BMC imposes 20% cut in water supply for industrial, commercial purposes

BMC has imposed a 20% water cut on commercial and industrial users and halted construction water supply as Mumbai's reservoir levels fall sharply

Can E85 fuel become the breakthrough for India's ethanol blending goals?

The launch of E85 fuel and flex-fuel vehicles has revived debate on the future of ethanol blending in India, but questions remain over incentives, infrastructure and consumer acceptance

Centre raises export duty on diesel, ATF amid West Asia supply concerns

The government has increased export duties on diesel and aviation turbine fuel to discourage exports and ensure adequate domestic supplies amid the ongoing West Asia conflict

Nine states raise Rs 20,461 crore through SDL auction amid lower yields

The amount raised exceeded last week's mobilisation but fell short of the indicated borrowing calendar, with yields supported by softer government bond rates

Invest in India before it's too late: Goyal to corporates, investors

Piyush Goyal urged investors and venture funds to back Indian startups now, saying the ecosystem, policy support and market opportunity are already in place

SBI plans Indian rupee-denominated deposits in Sri Lanka to support trade

SBI plans to launch rupee-denominated deposits in Sri Lanka to boost the use of the Indian currency in bilateral trade and investment

Higher prices for gas, groceries and flights to outlast Iran war: Experts

Even after oil starts flowing again from West Asia, it could take a while for consumers to see a difference at local fuel pumps, supermarkets and other places they shop

BHP Group, Rio Tinto see India driving steel's next wave of growth

Senior officials from both companies said rising demand and addition of new capacity in India could help offset slowing growth in China, which has dominated global steel markets for over two decades

China's retail sales fall for first time since 2022 as consumption slows

Retail sales, a key gauge of consumption, slid 0.6 per cent in May, reversing April's 0.2 per cent rise and below the estimated 0.0 per cent, the first monthly fall since December 2022

Govt hikes windfall tax on diesel, ATF exports; petrol duty unchanged

There is no change in the rate of duty on exports of petrol and it continues to be at ₹1.5 per litre

US, Iran sign peace MoU to end 108-day war; Hormuz hopes set sail

Energy supplies via the Strait to resume slowly after formal deal on Friday