Economy
Remain alert to external, domestic risks: RBI governor Sanjay Malhotra
Preserving financial stability more important than ever, says RBI governor Sanjay Malhotra
 "Remain alert to external, domestic risks: RBI governor Sanjay Malhotra")
India's April-May fiscal deficit at 9.6% of 2026-27 target: Govt data
India has set the fiscal deficit target for 2026-27 at 4.3% of GDP, or ₹16.96 trillion
 "India's April-May fiscal deficit at 9.6% of 2026-27 target: Govt data")
Pension funds can help build developed India, says CEA Nageswaran
Nageswaran highlighted that pension funds globally have faced funding challenges, particularly in the past when low interest rates pushed investors towards riskier assets
 "Pension funds can help build developed India, says CEA Nageswaran")
CBAM explained: Why Europe's carbon tax matters for India's exporters
As carbon border taxes gain traction globally, India's MSME exporters face higher compliance costs and competitiveness risks in key markets such as the European Union
 "CBAM explained: Why Europe's carbon tax matters for India's exporters")
China's factory activity returns to expansion on AI-driven demand surge
The official manufacturing PMI rose to 50.3 in June, exceeding market expectations and signalling renewed growth in the sector
 "China's factory activity returns to expansion on AI-driven demand surge")
US-India trade deal nearing completion after 18 months of talks: Sergio Gor
US envoy to India was bullish about the bilateral relationship and cited the personal equation between US President Donald Trump and Prime Minister Narendra Modi which was driving the ties
 "US-India trade deal nearing completion after 18 months of talks: Sergio Gor")
40-day oil buffer plan enters action phase with five new SPR projects
The West Asia crisis has intensified concerns over India's ability to withstand global oil supply disruptions
 "40-day oil buffer plan enters action phase with five new SPR projects")
Datanomics: GST turns 9, collections see slower growth in recent years
GST enters its 10th year with slab reforms underway, but key sectors remain outside the tax net as revenue growth and tax-GDP gains trail expectations
 "Datanomics: GST turns 9, collections see slower growth in recent years")
Mospi pushes harmonised data ecosystem to power citizen-centric governance
Statistics Secretary Saurabh Garg says harmonising administrative data across departments will improve interoperability, AI-driven analytics and evidence-based policymaking
 "Mospi pushes harmonised data ecosystem to power citizen-centric governance")
India's industrial output growth hits five-month high of 5.1% in May
Industrial output growth rose to 5.1 per cent in May as electricity generation strengthened and the government adopted Output-PPI for the new IIP series
 "India's industrial output growth hits five-month high of 5.1% in May")
Long road to 50 as govt moves fiscal anchor from deficit to debt-GDP ratio
A lower GDP base, subsidy pressures, geopolitical shocks and future spending commitments could make the Centre's goal of reducing debt to 50 per cent of GDP by FY31 significantly more challenging
 "Long road to 50 as govt moves fiscal anchor from deficit to debt-GDP ratio")
Govt to add ₹30,000 crore to NIIF to catalyse foreign investments
The Centre's total commitment to the sovereign-anchored fund will rise to Rs 60,000 crore, supporting a new infrastructure fund and attracting global investors
 "Govt to add ₹30,000 crore to NIIF to catalyse foreign investments")
Govt to lift curbs on petrol, diesel sales to commercial buyers from July 1
On June 12, the government had prohibited industrial and commercial consumers from purchasing petrol and diesel from retail outlets, directing them to source fuel from designated consumer pumps
 "Govt to lift curbs on petrol, diesel sales to commercial buyers from July 1")
India, Saudi Arabia sign pact to deepen water management cooperation
The agreement, signed during Saudi Water Week in Jeddah, aims to promote collaboration on sustainable water management, irrigation systems and capacity building
 "India, Saudi Arabia sign pact to deepen water management cooperation")
Goa is more keen on value tourism than volume tourism: Rohan Khaunte
Khaunte says Goa is keen on attracting high-spending travellers
 "Goa is more keen on value tourism than volume tourism: Rohan Khaunte")
Wider fiscal gap unlikely to threaten India's rating, says Moody's
Moody's said higher energy prices may create temporary budget pressures, but India's improving fiscal position and commitment to deficit reduction should help preserve its investment-grade status
 "Wider fiscal gap unlikely to threaten India's rating, says Moody's")
India seeks EU scrap export relief as curbs threaten trade pact gains
From May 2027, the EU's revised waste shipment regulation is set to bar exports of non-hazardous waste to countries outside the OECD group of mostly developed economies
 "India seeks EU scrap export relief as curbs threaten trade pact gains")
Weekly policy watch: PMI data, PM Modi's Seychelles visit in focus
India's policy focus this week will be on Prime Minister Narendra Modi's Seychelles visit, industrial output, PMI data and forex reserves
 "Weekly policy watch: PMI data, PM Modi's Seychelles visit in focus")
A ChatGPT for Indian statistics? Mospi lays AI groundwork with new platform
The govt is building a common data platform to unify official economic statistics, with plans to develop it into an AI model that can answer queries using trusted official data
 "A ChatGPT for Indian statistics? Mospi lays AI groundwork with new platform")
India to prioritise Qatar, Bahrain FTAs over GCC trade agreement
New Delhi expects bilateral negotiations with Qatar and Bahrain to move faster than GCC-wide talks, while also preparing to revive trade negotiations with Israel
 "India to prioritise Qatar, Bahrain FTAs over GCC trade agreement")