Economy

MCA considers global audit norms placing responsibility on group auditors

Official sources said that ICAI has expressed its concerns over the introduction of SA600 to the MCA as well

Govt likely to interlink GeM, TReDS platforms for MSME financing

The Centre plans to integrate GeM with TReDS, enabling MSMEs to move seamlessly from government procurement to invoice financing and faster payments

India better prepared to handle Strait of Hormuz disruption this time

India has secured crude oil and LPG supplies for the near term, limiting the immediate impact of the renewed Strait of Hormuz closure, though prices are expected to rise

Odisha panchayats face fiscal reset as state adopts 16th FC reforms

Officials said the proposed measures intended to improve the financial health of local bodies and help them undertake development works with greater financial independence

BJP or BJD? Odisha's investment surge rekindles the battle for credit

Odisha's investment surge has revived debate over whether it reflects the BJP's execution or the BJD's long-built industrial foundations

Statsguru: The big city wage puzzle of pay, jobs and gender gaps

India's million-plus cities offer higher wages and better job quality, but unemployment remains similar to other urban areas, with sharp gender pay gaps across cities

Weekly economy wrap: India advances Indo-Pacific ties; IMF cuts growth view

Strap India deepened Indo-Pacific partnerships through deals with Australia, New Zealand and Indonesia, even as oil risks prompted growth downgrades and weakened the rupee

India's Russian crude imports jump 34% in June as Moscow's revenues slip

India's Russian crude imports rose 34% in June, driven by higher purchases from major refiners including Reliance, IOC, BPCL and Nayara Energy, according to CREA

ONGC drills second geothermal well in Ladakh, advances India's first pilot

The second 1,000-metre well in Ladakh's Puga Valley will support India's first 1-MW pilot geothermal power plant, advancing efforts to tap round-the-clock renewable energy

India must strengthen certification to take full advantage of UK FTA: GTRI

GTRI said the India-UK FTA creates significant market access opportunities but warned that India must improve standards, certification, logistics, and buyer networks for higher exports

India seeks review of 12.5% proposed tariff, cites flaws in USTR's report

India has urged the USTR to reconsider its proposed tariff, arguing that trade disputes should be resolved through negotiations and questioning legal basis of the probe into forced labour concerns

India-NZ FTA will deepen economic ties, boost trade, investment: PM Modi

Addressing business leaders in Auckland, PM Modi said the newly concluded India-New Zealand FTA would expand market access, attract investment and boost talent mobility

India, New Zealand elevate strategic ties, target ₹35,000 cr trade by 2030

PM Modi said closer cooperation between India and New Zealand would strengthen the Indo-Pacific, as the two countries signed deals during the first visit to the country by an Indian premier in 40 yrs

Lack of suitable jobs constrains women's employment: EAC-PM chief

EAC-PM Chairman S Mahendra Dev said weak labour demand, rather than social norms, has become the key barrier to raising women's labour force participation in India

FM Nirmala Sitharaman to meet heads of public sector banks on Monday

The move came at a time when FCNR(B) deposit inflows weakened sharply, with net inflows dropping to just $946 million in FY26 from $7.1 billion in FY25

Climate-driven heatwave worsening cost-of-living crisis, says report

Extreme heat is costing workers in India and other developing nations over 20 workdays a year, cutting incomes and increasing healthcare costs, a report warns

India lays out tariffs, quotas for UK autos under FTA, to cut levy to 10%

Industry sees no immediate disruption in premium segment

Centre asks CPSEs to route MSME invoice settlements through TReDS

Revised MSME Ministry guidelines require all operating CPSEs to settle MSME procurement invoices through RBI-regulated TReDS platforms to ensure timely payments

World Bank to mobilise $4.2 billion for India's rooftop solar programme

The World Bank will mobilise $4.2 billion in private financing and provide an $890 million package to accelerate rooftop solar adoption under the PM Surya Ghar scheme

State stats: Handouts, pension scheme fuel state revenue deficit worries

High revenue deficit tells us that the governments borrow from the markets just to meet their current expenditure and do not generate assets