Economy
RBI bears hedging costs: Banks may offer 100 bps more on FCNR(B) deposits
RBI to bear hedging costs on FCNR(B) deposits till Sept 2026, aiming to boost NRI inflows and support the rupee amid weak capital flows
 "RBI bears hedging costs: Banks may offer 100 bps more on FCNR(B) deposits")
India's foreign exchange reserves up by $938 mn to $682 bn, says RBI
India's forex reserves rose by USD 938 million to USD 682.3 billion, aided by higher foreign currency assets despite a decline in gold reserves
 "India's foreign exchange reserves up by $938 mn to $682 bn, says RBI")
India's GDP grows 7.8% in Q4FY26, full fiscal growth seen at 7.7%
In January-March period of the 2025-26 fiscal year, the gross domestic product (GDP) has been estimated to grow 7.8 per cent, MoSPI said
 "India's GDP grows 7.8% in Q4FY26, full fiscal growth seen at 7.7%")
Plastic currency notes' proposal being reviewed, no decision yet: RBI Guv
RBI is evaluating the feasibility of polymer currency notes, with Governor Sanjay Malhotra saying the proposal remains at a preliminary stage
 "Plastic currency notes' proposal being reviewed, no decision yet: RBI Guv")
Gross FDI may cross $100 billion this fiscal, says RBI's Poonam Gupta
Gross FDI inflows may surpass $100 billion in FY27, RBI Deputy Governor Poonam Gupta said, citing strong investment momentum despite global uncertainty
 "Gross FDI may cross $100 billion this fiscal, says RBI's Poonam Gupta")
India, US may execute 1st phase of bilateral trade pact by mid July: Goyal
India and the US are close to finalising the first phase of their trade pact, with both sides aiming to sign a preferential access agreement by mid-July
 "India, US may execute 1st phase of bilateral trade pact by mid July: Goyal")
Govt to launch E85 fuel with 85% ethanol, challenge oil dependence
The new fuel enters the market amid lingering concerns over the impact of ethanol blends on mileage and engine durability
 "Govt to launch E85 fuel with 85% ethanol, challenge oil dependence")
Govt set to boost biogas prices, subsidies amid fuel supply concerns
The policy expected to debut this month would increase the offtake price of compressed biogas, or CBG, and offer financial benefits to companies for spending on new projects
 "Govt set to boost biogas prices, subsidies amid fuel supply concerns")
How India can halt capital flight as trade deficit widens, rupee falls
With the rupee nearing the psychologically important 100-per-dollar mark, RBI Guv Malhotra and PM Modi may need to raise interest rates and offer targeted tax incentives to stem capital outflows
 "How India can halt capital flight as trade deficit widens, rupee falls")
Technical team to visit Venezuela to explore energy opportunities: Puri
He said Indian oil and gas companies already have existing investments in Venezuela and are seeking new collaboration opportunities to enhance the bilateral energy partnership
 "Technical team to visit Venezuela to explore energy opportunities: Puri")
Global North must stop growing for India to catch up in prosperity: Piketty
Thomas Piketty says rich nations must curb growth and cut fossil-fuel use if countries like India are to achieve developed-world living standards by 2100
 "Global North must stop growing for India to catch up in prosperity: Piketty")
India may overtake China in share of global GDP in PPP terms by 2060
A World Inequality Lab study suggests India could surpass China in share of global GDP in PPP terms by around 2060 under a convergence scenario
 "India may overtake China in share of global GDP in PPP terms by 2060")
India likely to pursue FDI commitment under proposed CEPA with Canada
New Delhi may pursue an investment commitment under the proposed CEPA with Canada, mirroring recent trade agreements that included long-term foreign direct investment targets
 "India likely to pursue FDI commitment under proposed CEPA with Canada")
Rupee depreciation: India's GDP, per capita GDP could shrink in dollars
Rupee fall to show shrunk FY26 GDP in dollars
 "Rupee depreciation: India's GDP, per capita GDP could shrink in dollars")
We may roll out 9 free trade agreements in next 10 months: Piyush Goyal
Commerce Minister Piyush Goyal said nine recently signed free trade agreements are expected to become operational within 10 months, with several more trade pacts in the pipeline
 "We may roll out 9 free trade agreements in next 10 months: Piyush Goyal")
India-Venezuela oil marketing companies to explore energy agreements
Prime Minister Narendra Modi and Venezuelan Acting President Delcy Rodriguez discussed energy cooperation, critical minerals, pharmaceuticals and trade expansion
 "India-Venezuela oil marketing companies to explore energy agreements")
Govt plans flex-fuel sale at 5K pumps by 2027-end: Hardeep Singh Puri
Oil marketing companies will begin selling flex fuel at select outlets in NCR and the Mumbai-Pune-Nagpur corridor before expanding nationwide
 "Govt plans flex-fuel sale at 5K pumps by 2027-end: Hardeep Singh Puri")
Agriculture needs dual approach to tackle El Nino, build climate resilience
El Nino is a natural phenomenon in the eastern Pacific Ocean that influences global weather patterns, including India's monsoon
 "Agriculture needs dual approach to tackle El Nino, build climate resilience")
India-US discuss trade, non-tariff measures; reaffirm commitment to BTA
Negotiators held four days of discussions on goods, customs, trade facilitation and economic security, while fresh US tariff proposals emerged during the talks
 "India-US discuss trade, non-tariff measures; reaffirm commitment to BTA")
India should audit existing FTAs to assess effectiveness: Report
After the trade deal, India's exports to the UAE have risen by $13 billion over the past four years, while imports have increased by $24 billion
 "India should audit existing FTAs to assess effectiveness: Report")