Economy

Diversity of routes to be key for India's energy security: S&P Global

India's energy security depends on diversifying both suppliers and transport routes as West Asia tensions expose risks linked to the Strait of Hormuz

NITI Aayog proposes 'model pharma chapter' for future FTA negotiations

Think tank flags non-tariff barriers as a bigger hurdle than duties for $35.8 bn drug exports

Will not stop Great Nicobar port, work will start by 2028, says Sonowal

Shipping minister says the Galathea Bay transhipment terminal project will proceed as planned, despite opposition over environmental and tribal concerns

Govt begins anti-dumping probe into imports of electrical steel from China

The applicant has alleged that the cheap imports of 'Cold Rolled Grain Oriented Electrical Steel and Amorphous Metal' is significantly harming the domestic industry

Share of non-household investors in deposits rise to 26.3% in FY26

India's bank deposits are shifting toward non-household funds, with rising term deposits and falling CASA share, while private banks steadily gain deposit share

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

Need advance preparation steps for delayed monsoon, says R Mukundan

CII has asked the govt to implement reform measures across sectors to boost "speed of doing business" as the industry is bothered about bottlenecks in multi-modal infra and high power costs, he said

India's private sector business activity slows to 3-month low in June

HSBC's flash PMI survey shows softer demand, slower output growth and weaker hiring momentum across manufacturing and services sectors in June

Datanomics: Microfinance stress eases as NBFCs drive asset-quality recovery

India's microfinance sector is recovering as defaults fall, loan sizes rise, and government guarantees extend to boost cheaper credit to small borrowers

Businesses seek uniform GST audits, fewer tax disputes: Deloitte survey

Nine years after GST's rollout, businesses largely back the tax regime but seek more uniform audits, faster refunds and simpler compliance rules

Commerce ministry calls for govt-level talks on concerns over metal scrap

The ministry has sought engagement with the EU over its Waste Shipment Regulation amid concerns that restrictions on scrap exports could affect Indian industry

Tax reforms to play key role in attracting global capital to India: Expert

The ICAI Singapore Chapter, in collaboration with the High Commission of India in Singapore and its International Taxation Committee, organised two knowledge sessions on India's evolving tax landscape

Flash PMI growth eases to 57.4 in June as demand and hiring lose momentum

The HSBC Flash India Composite PMI Output Index fell to 57.4 in June from 59.3 in May, as demand, hiring and business optimism softened across both key sectors

OMCs' fuel marketing margins back above pre-conflict levels: Report

Composite margins on petrol and diesel sales at state-run refiners and fuel retailers are now above levels seen before the recent West Asia conflict

Fabian socialism held India back after 1991 reforms: A Greenspan view

In his 2007 memoir, Alan Greenspan praised India's reforms but argued that lingering socialist policies and bureaucracy were holding back its economic potential

Russian oil imports may hit record high in June on discounts, supply curbs

Until June 20, Russia contributed to nearly 50 per cent of India's total crude oil imports in the month, showed data from maritime intelligence firm Kpler

India faces very high credit exposure to water-management risks: Moody's

Moody's assigns India its highest water-risk score, citing groundwater depletion, ageing infrastructure and fragmented water governance

India's core sector growth slows to seven-month low of 0.5% in May

Coal output contracted 9.3 per cent in May, marking a 10-month low, while growth in petroleum refinery products slumped to a 42- month low of -8.7 per cent

India faces very high credit exposure to water-management risks: Moody's

Moody's assigns India its highest water-risk score, citing groundwater depletion, ageing infrastructure and fragmented water governance

India-EU trade pact likely by year-end, operational in early 2027: Delphin

EU Ambassador Herve Delphin says legal vetting of the India-EU trade pact is nearing completion, with signing expected by year-end and implementation likely in early 2027