Economy

Govt prepares to send oil tankers through Strait of Hormuz for new supply

India wants to continue importing energy from its traditional West Asia oil producers because supplies from alternate sources would take a longer time to reach the country

India and Italy to increase bilateral trade to €20 billion by 2029

The two countries elevated ties to a special strategic partnership and signed agreements spanning defence, critical minerals, mobility and trade cooperation

India, US industry clash at USTR hearings over subsidies and overcapacity

American industry groups sought punitive tariffs on Indian goods at USTR hearings, while Indian officials defended the country's manufacturing growth as demand-led and WTO-compliant

Rupee touches fresh low, nears 97/$ as RBI unveils $5 bn buy-sell swap

The 30-year US bond yield hit the highest level since 2007 on inflation concerns

Sitharaman, US envoy Gor discuss deepening India-US economic partnership

The finance minister and US Ambassador Sergio Gor discussed fintech collaboration, investment opportunities and bilateral economic ties amid ongoing trade negotiations

IMF backs targeted relief over broad subsidies amid oil price surge

The multilateral institution has urged governments to avoid broad-based subsidies and instead adopt targeted fiscal measures to manage inflation and protect vulnerable households

Fertiliser slump eases, nudges core sector growth up at 1.7% in April

India's core sector growth rose to 1.7% in April FY27, aided by steel, electricity and fertilizer recovery despite pressure from the West Asia crisis and energy supply disruptions

Odisha clears new marine fishing law, targets Rs 25,000 cr exports by 2036

The Odisha cabinet approved a new marine fishing Bill aimed at boosting deep-sea fishing, seafood exports, coastal security and sustainable marine resource management

Tea exports decline as West Asia tensions disrupt shipping routes

The Indian Tea Association said geopolitical tensions and higher freight costs have hurt exports, while climatic challenges continue to weigh on production

Odisha rolls out comprehensive data policy to drive governance reforms

The Odisha State Data Policy 2026 proposes centralised warehousing, consent management and advanced analytics to strengthen governance, privacy protection and public service delivery

India's core sector growth rises to 1.7% in April on steel, cement output

These eight sectors expanded by 1 per cent in the same month last year. The pace of expansion was 1.2 per cent in March

No relief in memory prices visible over next 12-18 months: IESA president

The price of devices, especially smartphones, as gone up by 20-30 per cent in the last six months

Govt says ₹3 fuel hike trims OMC losses to ₹750 cr/day, but relief limited

Experts warn elevated crude prices, weak rupee and persistent under-recoveries could force tougher policy choices if the West Asia crisis drags on

UN cuts India's 2026 GDP forecast to 6.4% citing global uncertainties

As per the report released by the UN Department of Economic and Social Affairs, India, however, remains one of the fastest-growing major economies

How much do you really earn? New survey aims to crack India's income puzzle

Since 1950, the National Sample Survey (NSS) has produced respected household statistics on consumption, employment, health, debt and education. Income has remained the conspicuous gap

A look at India's measures to cushion oil shock amid soaring prices

From curbing gold imports and raising fuel prices to tightening currency-market rules, authorities have stepped up efforts to conserve dollars, with the rupee hitting a new low Tuesday

India, Nordic nations agree to elevate ties to Green Tech and Innovation

In a joint press statement after the 3rd India-Nordic Summit, Prime Minister Modi said that they will continue to work together to strengthen the rules-based global order

Kerala govt forms expert panel to prepare white paper on state finance

According to a CMO statement, the committee will be headed by former Cabinet Secretary Dr K M Chandrasekhar. Additional Chief Secretary (Finance) K R Jyothilal has been appointed as the Convener

FinMin, states in talks for simpler GST norms for qcom dark stores

The Finance Ministry is discussing with states possible simplification of GST registration norms for dark stores and warehouses amid rapid quick commerce expansion

Third India-Nordic Summit: Nordic nations to invest $100 bn in 15 years

India offers 100% FDI to Nordic defence firms in defence industrial corridors