Economy

Did demonetisation widen India's tax base? A 10-year data review

India's taxpayer base more than doubled and direct-tax collections more than tripled in a decade. But how much of this growth can be attributed to demonetisation? Here's a look at the 10-year data

Ten years after note ban, how India's cash habit survived the UPI boom

A decade after demonetisation, currency in circulation has more than doubled, even as UPI transactions have surged, showing that Indians are using digital payments without giving up cash

SC sales tax ruling: What it means for businesses with old tax disputes

The ruling clarifies states' powers under pre-GST tax laws and its implications for pending tax demands and refund claims

India opens deepwater oil, gas bids, offers to fund up to 50% of well costs

Under the ₹84,084-crore Samudra Manthan scheme, the government will share up to half the eligible costs of exploratory wells, capped at ₹675 crore per well

India has a huge fireworks industry, then why does it export so little?

India's fireworks industry is worth an estimated ₹7,000 crore, yet exports remain below $1 million, or just 0.042 per cent of the global export market

Clean energy sector receives long-term investment pledges of $400 billion

Union Minister Pralhad Joshi said the government had secured $400 billion in long-term investment commitments and was targeting another ₹21 lakh crore in renewable energy investment by 2030

The hazy road to Antalya: India's carbon trading scheme faces delays

The Carbon Credit Trading Scheme was meant to grease India's clean energy wheels. But there's no way to measure some polluting sectors because no emission targets have been set for them

Republican rout may give India leg-up in trade talks with US: Experts

Trump's party loses control of Senate, House

Despite gains since October, rupee still trails its Asian peers in 2026

Rupee gains 1.25% since October after RBI curbs speculative bets, but remains down over 5% against the dollar in 2026

Datanomics: Collections recover in September, but not for 3 crucial taxes

Central tax receipts rose 5% year-on-year in September after declining in August, but weakness in income tax, excise and customs duty collections weighed on overall tax growth.

India's services PMI hits four-month high in October as demand picks up

India's services PMI rose to 55.8 in October from 55.2 in September, driven by stronger new business growth and easing input cost inflation, while employment growth slowed.

Govt clears ₹4K cr VISTAR scheme to revamp India's statistical system

The five-year VISTAR scheme will fund 59 surveys, the 8th Economic Census and AI-driven statistical reforms, while strengthening state-level data systems and GDP estimates.

ASSOCHAM seeks Customs amnesty scheme to settle ₹1.5 trillion disputes

In its pre-Budget memorandum, ASSOCHAM has proposed a one-time Customs amnesty scheme, tax incentives for manufacturers and lower long-term capital gains tax rates

NLMC facilitates ₹584 crore RINL land sale, eyes HIL asset monetisation

NLMC auctioned 264 RINL land parcels for ₹584.33 crore across two phases and is now preparing to monetise HIL India's land assets as part of its FY27 fundraising target

Sugar prices rise over ₹4/kg despite govt steps, retail rate hits ₹59.50

Sugar prices have risen by over ₹4 per kg in a month, with retail prices averaging ₹59.50, despite government measures to improve supplies during the festive season.

Cabinet approves five-year ₹2,814 cr push for critical mineral processing

The five-year scheme aims to strengthen India's critical mineral ecosystem, with implementation scheduled from 2026-27 to 2030-31

India sees some trade relief, new risks after US midterm elections

The Democrats won a landslide victory in both chambers of the US Congress on Tuesday in a sharp rebuke of President Donald Trump's policies

Services PMI rises to 4-month high of 55.8 in Oct as cost inflation eases

The HSBC India Services PMI rose to 55.8 in October from 55.2 in September, driven by stronger domestic demand, even as export orders and hiring growth weakened

India drops FY26 emission targets for refiners, textiles amid war woes

The Bureau of Energy Efficiency has removed FY26 greenhouse gas targets for refinery and textile units, while FY27 targets remain in place under India's carbon credit trading scheme

India puts food before fuel as El Nino dents ethanol blending target

The E20 initiative has saved nearly ₹2 trillion ($21.1 billion) in oil import costs since Modi govt came to power in 2014, according to government data