Economy

Govt exempts import duty on cotton for five months till October 30

The Centre has exempted cotton imports from customs duty and AIDC till October 31, aiming to improve domestic availability and lower raw material costs for textile manufacturers

FinMin calls for policy agility as economy shows 'cautious resilience'

The finance ministry on Saturday said strong domestic fundamentals support growth, but rising oil prices, a weaker monsoon and global uncertainty warrant continued policy vigilance

Fuel price hikes, weak monsoon may push up retail inflation: Finance Ministry

The duration of the Strait of Hormuz disruption remains the 'single most consequential variable' for India's external and price outlook, the report said

Mumbai CNG price hiked by ₹2 to ₹86/kg amid West Asia supply disruptions

MGL has increased CNG prices across the Mumbai Metropolitan Region for the second time this month amid rising energy costs and supply concerns linked to global market disruptions

Net household financial savings rise to 7% of GNDI in FY25: RBI report

Net household financial savings increased to 7 per cent of GNDI in FY25 as a sharp decline in financial liabilities outweighed a moderation in gross financial savings

RBI's forex transaction gains rise 52% to ₹1.69 trillion in FY26

Reports first mark-to-market loss on forward contracts in at least five years

Lingering geopolitical tensions may hit loan portfolios: RBI report

RBI warned that the West Asia conflict, rising energy prices and monsoon risks could weigh on India's growth and inflation outlook in the short term

Energy prices, CAD and BoP big priorities, says V Anantha Nageswaran

Chief Economic Advisor V Anantha Nageswaran says managing India's external balances has become critical amid the global energy shock triggered by the West Asia conflict

India raises Russian crude oil and US gas imports in May, shows data

Imports of Russian crude oil rose to 1.92 million barrels per day till May 28

India-US trade deal to be finalised over next few weeks: Sergio Gor

US Ambassador Sergio Gor says India-US trade deal is likely to be finalised in the coming months, with USTR officials set to visit New Delhi next week

$360 bn infra push cuts India's logistics cost to 10% of GDP: Report

India's logistics cost has fallen to 10-10.7 per cent of GDP in FY26 from 13-14 per cent a decade ago, generating annual savings of up to $133 billion, says report

Indian Oil Corp buys 5 million barrels of crude from Africa, West Asia

IOC purchased Angola's Kissanje and Nemba crude for delivery to its Paradip refinery

RBI to hold rates in June; majority now expect hike by year-end: Poll

Nearly 80 per cent of economists, 44 of 56, in the May 22-29 Reuters poll expected the Monetary Policy Committee to keep the repo rate unchanged at 5.25 per cent on June 5

Companies face tougher investor scrutiny as rupee hits record lows

The rupee has lost about 10 per cent against the dollar over the past 12 months, the worst performance among Asian currencies

Livestock heat stress: Heatwaves test India's dairy and poultry sectors

Rising temperatures are affecting milk yields, poultry growth and farmer incomes, even as companies and farmers invest in heat-resilience measures

Japan suspends Indian mango imports after 20 years: What went wrong?

The suspension follows reported deficiencies in fumigation and disinfection protocols at Indian treatment facilities used for export clearance

Piyush Goyal assured industry India-US interim agreement is close: USISPF

Goyal also discussed ways to further deepen India-US trade, investment and supply-chain partnerships during the closed-door roundtable interaction on Thursday

Food, personal care products may get costlier as input costs rise: Report

The report said companies have already increased prices by around 3 per cent to 7 per cent over the past one to two months after their raw material basket costs climbed nearly 10 per cent on average

India, Canada to avoid sensitive sectors in trade pact talks: Piyush Goyal

The two countries are negotiating a Comprehensive Economic Partnership Agreement (CEPA). The third round of negotiations is underway in Ottawa

India-Oman CEPA set to unlock new export opportunities from June 1

The India-Oman CEPA is expected to diversify exports, boost duty-free access and strengthen India's trade connectivity with GCC markets