Economy

Mumbai airport nicotine pouch row: What duty-free shops can legally sell

Custom authorities have objected to the sale of nicotine pouches at Mumbai airport's duty-free stores. The case has put the spotlight on India's rules governing duty-free retail and taxation

US Senate bill seeks 100% tariffs on India, China for buying Russian oil

A bipartisan bill introduced in the US Senate proposes 100% tariffs on imports from India, China and other major buyers of Russian oil, alongside broader sanctions targeting Moscow

India to launch headline services output index within months: Govt

The proposed index will provide India's first official monthly measure of output across the services sector, complementing existing manufacturing indicators

Iran threatens to shut Bab el-Mandeb: What it means for India and the world

Iran has asked Yemen's Houthis to prepare for a possible closure of the Bab el-Mandeb Strait, raising concerns over its impact on global shipping, energy markets and trade

India overtakes US in PPP-based global savings, trails only China: Report

India's share of global savings rose from 3.3 per cent in 1992 to 10.3 per cent in 2025, placing it ahead of the US in PPP terms

Inflation control remains our primary mandate, growth follows: RBI Guv

RBI Governor Sanjay Malhotra said stable prices support sustainable growth, while strong credit expansion, capital buffers and external inflows reinforce India's resilience

West Asia tensions, weak monsoon key risks for Indian economy: RBI Governor

RBI Governor Sanjay Malhotra said inflation risks remain elevated due to West Asia tensions, rising oil prices and the possibility of a weak monsoon, even as supply-side pressures dominate

India should rethink China investment policy, says PMEAC member

Rakesh Mohan, a member of the Prime Minister's Economic Advisory Council, said India should attract greater Chinese investment and strengthen trade ties to create jobs and boost exports

Women cash transfer schemes: Bigger budgets, but are outcomes also better?

As more states roll out cash transfer schemes for women, a new study shows the real question is not how much they spend, but what outcomes they deliver

Govt plans to replace $189 bn of imports through domestic manufacturing

The Centre and states plan to replace $189 billion of imports by boosting domestic production of 1,272 products through targeted manufacturing and industrial clusters

Datanomics: UK deal to strengthen India's steel exports with higher quotas

India has secured higher steel export quotas under the UK's safeguard regime through CETA, expanding duty-free access and strengthening its position in the UK market

India's pharma exports to UK may reach nearly $1 billion in FY27

Improved market access and zero tariffs under the India-UK trade agreement are expected to lift Indian pharmaceutical exports to over $980 million in FY27

PM to launch India's first hydrogen-powered train from Haryana on Friday

Prime Minister Narendra Modi will launch India's first hydrogen-powered train in Haryana as part of projects worth Rs 25,000 crore across multiple sectors

Moody's sees India losing some pace as global growth slows to 2.5% in 2026

Moody's Analytics says India will remain the fastest-growing major economy in 2026 and 2027 despite losing some momentum as global growth slows amid geopolitical risks

India's gig internet workforce to more than triple to 21 mn by 2030: Report

Redseer estimates India's monthly active gig internet workforce will reach 17-21 million by 2030, with platform work expanding beyond metros and generating millions of earning opportunities

Taxpayers can view foreign asset details in AIS ahead of I-T return filing

CBDT has enabled foreign asset and overseas income information in the Annual Information Statement to help taxpayers accurately disclose such details in income tax returns

India-EU trade pact to be signed by end of this year: Piyush Goyal

India and the EU will sign their free trade agreement by the end of 2026, with the pact expected to take effect in the first quarter of 2027, says Piyush Goyal

I-T department raises Cost Inflation Index for current fiscal to 384

The CBDT has raised the Cost Inflation Index to 384 for FY27, helping taxpayers compute inflation-adjusted long-term capital gains on eligible assets

RBI's Financial Inclusion index rises 4.48% in FY26, sees uniform growth

RBI's Financial Inclusion Index rose to 70 in March 2026 from 67 a year earlier, driven mainly by higher usage of banking and other financial services

Uttar Pradesh govt bets on municipal bonds for infrastructure development

UP expands municipal bond programme to strengthen urban infrastructure financing and local body development