Economy

Rise in wholesale inflation driven by global commodity, energy costs: Govt

Minister of State for Finance Pankaj Chaudhary said in the Lok Sabha that the government has been actively undertaking a series of measures to control inflation

CEA Nageswaran warns 'free' public services come at heavy cost for economy

The CEA pointed out that pricing vital utilities like water at zero leads society to treat them as limitless, invariably resulting in waste and destruction

Corrosion costs India ₹14.1 trn annually; infra, energy worst-hit: Report

A Nomura Research report estimates that corrosion costs India ₹14.1 trillion annually, adding that better corrosion-management practices could potentially save the economy nearly ₹5 trn every year

Manufacturing PMI falls to near five-year low in July as sales, hiring slow

HSBC's India Manufacturing PMI fell to 53.5 in July, its lowest level since August 2021, as sales, input purchases and job creation slowed despite resilient export demand

States owe ₹1.74 crore to MGNREGA workers in delay compensation: Govt data

Maharashtra, Punjab and Uttar Pradesh accounted for the bulk of compensation due, while all states and Union territories have moved to the new rural employment framework

Manufacturing PMI falls to 53.5 in July, lowest in nearly 5 years

The HSBC India Manufacturing PMI fell from 54.2 in June to 53.5 in July, as slower growth in new orders, purchasing and employment offset stronger export demand

Govt plans to invest $5 bn to strengthen railway connectivity along borders

The spending, set to unfold over the next 18 months, will help build new tracks, platforms and network strengthening across Punjab, West Bengal, Himachal Pradesh, Rajasthan, Assam and several states

Weekly policy watch: RBI MPC, PMI data, and forex reserves in focus

India's policy calendar this week will be led by the RBI's policy decision, PMI readings and forex reserves data

Traders bet RBI rate hold, cash boost to steepen India's yield curve

The trade reflects a global trend, with the US yield curve sharply steepening after the Federal Reserve held interest rates steady last week

CERC proposes transmission charge relief for delayed renewable projects

Several clean energy projects have been stalled in India because of a lack of transmission infrastructure

Indian drugmakers in no rush to shift to US despite tariff threat

Indian pharma companies are expanding selectively in the US for complex products while retaining India as their manufacturing base despite Trump's tariff threat

Minus N-power plans, fresh private investments fell 32% sequentially in Q1

India's fresh investment plans jumped 71% in Q1FY27, but excluding four mega nuclear projects, private investment weakened amid West Asia-related uncertainty

BS poll: 'Cautious' MPC may stick to status quo, retain neutral stance

Most economists expect stance to remain 'neutral'

West Asia, project delays dent highway building in April-May FY27

Down 45% year-on-year to 740 km in April-May FY27

Govt raises semiconductor demand forecast 50% to $150 billion by 2030

India's semiconductor market already estimated at about $64 billion in 2026

Govt to introduce Bankers' Books Evidence Bill in Lok Sabha on Monday

The proposed law will replace the 1891 Act, expand the definition of bankers' books and provide a technology-neutral legal framework for financial records.

Focus of TN Budget will shift to investment from expenditure: Chakravarty

Congress MP Praveen Chakravarty says Tamil Nadu's first TVK budget will prioritise revenue reforms, fiscal discipline and investment, while calling for a rethink on jobs and welfare

India okayed just one FDI proposal from China, 13 from Hong Kong in FY26

Overall, the government has approved 63 FDI (foreign direct investment) proposals worth Rs 10,292.67 crore, or $1.18 billion, during April 2025-March 2026, according to the DPIIT data

Quadruple import duty on truck tractors: MHI tells finance ministry

MHI says lower import duty is enabling dumping of foreign electric truck tractors in India

New urea policy revives self-reliance push, but demand keeps racing ahead

The Centre's new investment policy could attract up to Rs 1 trillion into urea production, but rising demand, subsidy distortions and weak private participation may keep India reliant on imports