Economy

81% of SEZ domestic supplies not to get Customs duty relief concession

Most SEZ-to-DTA supplies may miss out on duty relief, with industry flagging limited benefits and lack of clarity in the Centre's one-time concession scheme

Rupee likely to stabilise at 92-93 per dollar, says EAC-PM chairman

Rupee may stabilise at 92-93 against the dollar as foreign flows return, says EAC-PM Chairman, citing strong macroeconomic fundamentals and fiscal strength

World Bank raises India FY27 growth forecast to 6.6% amid headwinds

World Bank upgrades India's FY27 growth outlook to 6.6% on strong domestic demand, but flags inflation risks and slowdown due to West Asia conflict

India set to receive first Iranian oil cargo in 7 years: Report

State-run Indian Oil Corp purchased the cargo, currently on the Curacao-flagged very large crude carrier Jaya, which is heading to India's east coast and is set to arrive later this week

Foreign Secretary Misri launches India-US trade Facilitation Portal

Misri on Wednesday began his three-day visit to the US to meet with senior officials to review bilateral trade and defence relations and discuss global developments, including the crisis

Remittance slowdown unlikely despite West Asia conflict: RBI DG Gupta

RBI Deputy Governor says remittances to India likely to remain stable as demand for migrant workers may rise despite ongoing conflict in West Asia

Indian Oil buys first shipment of Iranian crude since 2019 sanctions

Curacao-flagged crude tanker Jaya, laden with Iranian oil, most recently indicated it is heading for India, according to ship-tracking data

Centrally funded infrastructure projects log 17.02% cost jump in February

Cost overruns in centrally funded infrastructure projects rose to 17.02 per cent in February, pushing revised estimates to Rs 42.5 trillion across 1,948 ongoing projects

CCEA revises HPCL refinery cost, clears hydro, fertiliser projects

CCEA hikes HPCL refinery cost, clears hydro projects and Kharif fertiliser subsidy in a series of key approvals

Rupee curbs due to excessive speculation, not a structural shift: RBI Guv

Deputy Governor T Rabi Sankar said there was an "artificial drying up" of supply in the market during those days, which led to the measures

RBI's MPC keeps repo rate unchanged at 5.25%, retains neutral stance

The central bank raised its inflation forecast to 4.6 per cent and flagged risks from West Asia tensions, while projecting GDP growth at 6.9 per cent for the current financial year

India's forex reserves sufficient, not a matter of concern: RBI governor

Forex reserves ‌rose to $697.1 billion as of April 3, per the latest data, from $688.06 billion in the previous week

RBI signals liquidity range to retain overnight rates closer to policy rate

RBI maintained that the weighted ​average call rate (WACR) is its operative rate, and it aims to keep ‌it as close to the policy repo rate as possible

India set to recieve first Iranian oil cargo in 7 years, shows data

Refiners ​have purchased ‌Iranian oil amid the ‌West Asia conflict that ‌has disrupted supplies ​through ​the Strait of Hormuz

RBI sees resilience despite West Asia crisis as it keeps repo rates steady

RBI Governor Sanjay Malhotra said the West Asia conflict has raised risks to growth and inflation via oil, trade, and supply chains, but government steps on supply chains and exports may limit the imp

West Asia conflict: How ongoing war casts a shadow on Pune's shop floors

The West Asia conflict exposes fragile supply chains, rattling labour, fuel access, and MSME stability across Maharashtra

Multi-pronged strategy in works to tide over West Asia war impact

This may include a ₹2.5 trillion credit guarantee scheme to help businesses

West Asia war: Indian refiners turn to Venezuela, Russia for oil supply

India has also ramped up oil purchases from alternate sources such as Nigeria and Angola

Small hydropower projects in India struggle despite policy push, potential

Despite vast untapped capacity, India's small hydropower sector faces stagnation due to high costs, policy hurdles, delays in clearances and weak financial viability, even as the government rolls out

Govt doubles 5-kg LPG cylinder supply for migrant labourers amid shortage

Move aims to ease LPG shortage for migrant workers as supply disruptions from West Asia prompt the government to prioritise domestic consumption