Economy

DGFT should review notification aligning ITC(HS) code with Finance Act 2026

The real test is whether a bank can refuse to close an otherwise eligible entry merely because the customer disputes or declines to pay the charge.

35 yrs of liberalisation: Tax system makes progress, but reforms unfinished

India's tax system has come a long way since 1991, but simplifying GST, clearing tax disputes and improving taxpayer services remain key priorities

Food inflation unlikely to persist through year-end: CEA Nageswaran

CEA V Anantha Nageswaran said India's economic momentum remained intact despite global risks and expressed confidence in meeting the FY27 fiscal deficit target.

India's exports to US rise 21.83% in Aug; shipments to China jump 52.35%

The inbound shipments rose 17 per cent to USD 12.77 billion from China and by 65.78 per cent to USD 5.97 billion from the US, according to the ministry's data.

Telangana tops India's inflation table for eighth consecutive month

Telangana recorded the highest combined inflation among states in August at 6.27 per cent, while rural inflation exceeded urban inflation across most leading states.

India's trade deficit eases to 5-month low in Aug on robust export growth

Goods exports rose 26 per cent year-on-year to $43.81 billion in August, outpacing the 14 per cent rise in imports to $70.67 billion

India's rising market power reshapes global debate over its trade policies

As India's economic weight and import demand rise, WTO members are increasingly scrutinising how its tariffs, export curbs, QCOs and domestic regulations affect global markets

Rupee falls 0.42% to 95.96, posts sharpest decline since July 14

The domestic currency extended its losing streak to five sessions as rising crude oil prices, global bond yields and strong dollar demand weighed on the rupee

Faster, heavier, double-stacked: How two DFCs are transforming rail freight

The Eastern and Western DFCs now carry around 14 per cent of rail freight despite forming just 4 per cent of the network, cutting transit times and freeing capacity

India's current account deficit more than doubles to $7 billion in July

The merchandise trade deficit widened to $31.7 billion in July, while strong capital inflows helped push the balance of payments surplus to $20.8 billion.

India, China to continue talks to address trade concerns: Commerce secy

Commerce Secretary Rajesh Agrawal said both sides would continue discussions on structural trade imbalances, supply chain issues and building mutual trust

Search rankings: When consumer law issue meets competition law

For digital platforms, the challenge from Jan 2027 will be to demonstrate not merely that information is disclosed, but that disclosure, design of platform enable genuinely informed consumer choice

'India can escape middle-income trap with investment in education, health'

The prominent economist emphasised that India's involvement in global coalitions is essential to driving inclusive and sustainable growth

From onions, ginger to cooking oil: Why food prices are rising in India

Rising prices of onions, cooking oil, ginger and other staples are squeezing Indian households as weak monsoon rains, ethanol demand and global conflicts threaten food supplies

New mining rules raise concerns over enforcement, penalties for violations

New mining penalty rules may weaken enforcement by capping civil penalties and allowing violations to be settled without inquiry, experts and industry stakeholders said

Tiruppur: How a small cluster turned into a textile export powerhouse

From ₹429 crore in 1991, exports from India's knitwear capital have grown to ₹46,000 crore with markets spanning 50-plus countries

Datanomics: India-China economic ties don't reflect their might

India and China seek stronger economic ties, but trade imbalance, border tensions and limited Chinese investment remain key hurdles

Late monsoon, West Asia war drove retail inflation to 20-mth high in August

Retail inflation, measured by CPI, rose to 4.82% in August from 4.45% in July, staying above the RBI's median 4% target for the third consecutive month

Govt paves way for banks to levy charges on UPI payments above ₹2,000

MDR is the fee that merchants pay to banks and payment service providers for processing digital payment transactions

RBI Governor Sanjay Malhotra calls on Finance Minister Sitharaman

The next meeting of the Monetary Policy Committee (MPC), the RBI's rate-setting panel, is scheduled for October 5-7, 2026