Economy

State-owned banks raise repo-linked lending rates by 25 bps after RBI move

Several banks, including BoB, PNB and Indian Bank, raise repo-linked lending rates by 25 bps after the RBI's policy rate increase, making loans costlier for borrowers

GST Council allows employers to claim ITC on group insurance coverage

The GST Council's decision to allow input tax credit on employee group health and life insurance is expected to reduce coverage costs for employers, particularly MSMEs

Confident of hitting $1 trn exports target in FY27, says Piyush Goyal

Commerce Minister Piyush Goyal says India's export target is achievable despite subdued global trade growth, citing strong domestic businesses, MSMEs and new FTAs

GST reforms address 99% of rate, process issues, says FM Nirmala Sitharaman

The FM said the Council has also taken steps to make the movement of goods smoother by limiting inspections, detention and seizure to officers of the supplier or destination state

Inflation pressures broaden as 37% of CPI basket rises above 4%: RBI

RBI's October Monetary Policy Report flags widening price pressures across goods and services, with food and fuel inflation adding to concerns over second-round effects

GST Council widens input tax credit scope, eases refund rules for firms

Businesses will be able to claim credit on employee insurance, telecom towers, pipelines and certain free samples, while refunds will be widened to input services and machinery

Is India's inflation problem spreading beyond food and fuel prices?

India's inflation rose to 4.8% in August from 3.4% in March, with food and fuel leading the rise, while core prices and services are now showing signs of wider pressure

Domestic refiners shun costly Russian oil as West Asia flows recover

Surging prices for Russia's flagship Urals crude loaded in the Baltic, a mainstay for Indian refiners, are driving the pullback

India's dealmaking broadens: 255 M&As worth $13.2 bn in Q3 of 2026

Deal volumes rose 7% from the previous quarter, while deal values fell 53% from $27.9 billion in Q2

India, 13 nations call for global action to curb excess industrial capacity

The countries said structural excess capacity and non-market policies distort markets, hurt domestic industries and widen supply-demand imbalances

Households turn wary on prices as consumer confidence slips: RBI surveys

The RBI's latest surveys show a widening gap between household price concerns and economic confidence, even as spending intentions remain resilient across urban and rural India

India inflation likely rose to 5.4% in Sep on food, energy costs: Poll

Consumer inflation is expected to have risen to 5.4% in September from 4.82% in August, as higher food and crude oil prices add to inflationary pressures

Govt bond yields near three-year high after RBI's hawkish policy shift

The benchmark 10-year government bond yield rises to 7.24 per cent as the RBI shifts to withdrawal of accommodation, with foreign outflows and oil prices adding pressure

Rate hike to widen banks' margins as EBLR-linked loans reprice faster

Deposit rates may rise with a lag, credit demand seen holding up

CPSEs achieve 51% of FY27 capital expenditure target in first half

Spending led by Railways and NHAI rises 12% YoY in April-September, though September outlays slide 17%

Job-seeking, working grads' share in labour market at 5-yr low in Sep

India's graduate labour participation rate fell to a five-year low in September as the educated population grew faster than employment, while fewer graduates actively sought jobs

Datanomics: Tax collections dip in August as direct tax receipts fall

Central tax collections rose 6.5% in April-August, trailing the 9% FY27 Budget target, as major tax receipts declined sharply in August.

GST Council to take up far reaching compliance reforms at Thursday meeting

The GST Council is expected to consider simpler compliance, faster refunds and changes to prosecution and arrest rules, with no major rate changes likely at the meeting

'India-US trade breakthrough unlikely soon; narrow interim deal possible'

BMI says market access, agriculture and Russian oil remain obstacles to an India-US deal, with a narrow pact likely to offer modest gains and ease policy uncertainty

Govt unveils 2026-30 roadmap to measure value of India's natural wealth

Mospi's 2026-2030 strategy prioritises forests, water, minerals and pollination services, aiming to improve environmental accounts and their relevance to policymaking