Economy

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

West Asia conflict poses risks to growth, inflation in the short run: RBI

Lingering geopolitical tensions may hit loan portfolios

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

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

India-Korea to expand CEPA talks on digital trade, supply chains

India and South Korea have expanded CEPA upgrade talks by forming new groups on digital trade, supply chains and strategic industries to address trade imbalances and deepen economic ties

RBI must let rupee depreciate, avoid rate hikes to tame inflation: Subbarao

In comments that come days ahead of the second meeting of the rate setting panel for FY27, Subbarao said the monetary policy should be used as a "last resort" to defend the exchange rate

Rare earths to waste management: What changes in new IIP 2022-23 series

MoSPI will launch the new IIP 2022-23 series on June 1, adding rare earths, gas supply, water supply and waste management to better reflect India's changing industrial economy

Iran deal may ease oil stress, but won't plug India's capital or AI gaps

While stabilising the currency may help contain the current crisis, India's ability to attract global capital will remain muted

Supreme Court upholds 28% retrospective tax on online gaming firms

Top court also upholds states' right to ban online betting, gambling

Cabinet extends SARTHAK-PDS scheme for 5 yrs with ₹25,530-crore outlay

The Union Cabinet has approved the continuation of the SARTHAK-PDS scheme till March 2031 to strengthen foodgrain distribution and modernise the public distribution system