Economy

Panel orders first comprehensive study to reform Delhi's cooperative sector

NABARD approves Delhi's first comprehensive cooperative sector study to identify reforms, strengthen governance, boost digitisation and revive financial performance

Coal dispatch grows 17% in July as India's production rises 7.5% 69.75 MT

India's coal production grew to 69.75 MT in July 2026 from 64.88 MT a year earlier, while coal dispatch rose to 86.33 MT during the month

Govt to fund offshore oil and gas exploration to cut import dependence

Besides underwriting part of the cost of drilling exploration wells, the government will part-fund common infrastructure, including subsea pipelines and onshore oil and gas receipt

Petrol, diesel sales soar on weak monsoon, LPG demand shifts to piped gas

Petrol sales by Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) climbed 9.7 per cent to 3.45 million tonnes during July

Weekly economy wrap: Factory growth accelerates as govt unveils energy push

Industrial and services activity strengthened, while fiscal spending, energy security and export competitiveness dominated the policy agenda

Odisha govt clears Bill to create economic region development authorities

The Odisha Cabinet approved amendments to the ODA Act to enable Economic Region Development Authorities, with the Bhubaneswar-Cuttack-Puri-Paradeep region set to become the first ERDA

India-China border trade via Shipki La resumes after six-year hiatus

The cross-border trade between India and China through Shipki La, known as the ancient silk route joining India with Tibet, resumed on Saturday after a gap of six years.

More than 59 million ITRs filed for AY27 by July 31: I-T department

The Income Tax Department said more than 59 million income tax returns for Assessment Year 2026-27 were filed by the July 31 deadline for taxpayers not requiring an audit

Gross GST collections rise 15% in July, led by strong import revenues

Gross GST collections climbed to ₹2.11 trillion in July as import-related revenue surged nearly 29 per cent, while domestic collections maintained healthy growth

How reforms revved up India's auto industry over the past 35 years

The reforms of 1991 not only enhanced car buyers' choices but also helped put Indian manufacturing on the global map

Gross GST collection kitty swells 15.4% to over ₹2.11 trillion in July

India's gross GST collections rose, driven by higher revenues from domestic transactions and imports; net collections stood at over ₹1.81trillion

Commercial LPG cylinder prices cut by ₹202 in Delhi, effective today

Second consecutive monthly reduction lowers cost of 19 kg commercial cylinders in Delhi and Kolkata; domestic LPG prices remain unchanged

Over 55 million income tax returns filed by Friday noon: I-T department

The department has been urging taxpayers, particularly those eligible to file simpler forms such as ITR-1 (Sahaj) and ITR-2, to complete the process early

Cabinet clears ₹84K cr scheme to boost offshore energy exploration

The National Offshore Exploration Scheme aims to boost domestic oil and gas production through seismic surveys, deepwater drilling and shared offshore infrastructure

India closely monitoring US Bill targeting buyers of Russian oil

India says it is closely monitoring a US bill proposing tariffs of up to 100% on major buyers of Russian oil, reiterating energy security is guided by national priorities

PE/VC investments decline 36% to $20.45 bn in first half of CY2026

Private equity and venture capital investments fell 36 per cent in the first half of 2026, while exits declined 29 per cent amid weaker deal activity, EY-IVCA report showed

R&D spending in India only 0.84% of GDP in FY24, govt tells Parliament

Gross R&D spending rose to Rs 2.45 trillion in FY24, while private industry overtook the government as the largest contributor to research funding

Policy easing captive port berths for pvt players gets Cabinet nod

The revised policy allows capacity expansion at existing captive facilities, extends operational certainty and permits eligible government entities to access berths on a nomination basis

Centre exhausted 18% of fiscal deficit in Q1FY27, shows CGA data

Fiscal deficit stood at 18.2 per cent of the FY27 target as higher subsidy spending was offset by robust revenue growth and sustained capital expenditure

State capex utilisation eases in Q1FY27, remains mid-range over six years

States utilised 10.67 per cent of their FY27 capital expenditure budget in the first quarter, lower than a year ago, although absolute spending touched a six-year high