Economy

Govt says ₹3 fuel hike trims OMC losses to ₹750 cr/day, but relief limited

Experts warn elevated crude prices, weak rupee and persistent under-recoveries could force tougher policy choices if the West Asia crisis drags on

UN cuts India's 2026 GDP forecast to 6.4% citing global uncertainties

As per the report released by the UN Department of Economic and Social Affairs, India, however, remains one of the fastest-growing major economies

How much do you really earn? New survey aims to crack India's income puzzle

Since 1950, the National Sample Survey (NSS) has produced respected household statistics on consumption, employment, health, debt and education. Income has remained the conspicuous gap

Govt prepares to send oil tankers through Strait of Hormuz for new supply

India wants to continue importing energy from its traditional West Asia oil producers because supplies from alternate sources would take a longer time to reach the country

A look at India's measures to cushion oil shock amid soaring prices

From curbing gold imports and raising fuel prices to tightening currency-market rules, authorities have stepped up efforts to conserve dollars, with the rupee hitting a new low Tuesday

India, Nordic nations agree to elevate ties to Green Tech and Innovation

In a joint press statement after the 3rd India-Nordic Summit, Prime Minister Modi said that they will continue to work together to strengthen the rules-based global order

Kerala govt forms expert panel to prepare white paper on state finance

According to a CMO statement, the committee will be headed by former Cabinet Secretary Dr K M Chandrasekhar. Additional Chief Secretary (Finance) K R Jyothilal has been appointed as the Convener

FinMin, states in talks for simpler GST norms for qcom dark stores

The Finance Ministry is discussing with states possible simplification of GST registration norms for dark stores and warehouses amid rapid quick commerce expansion

Third India-Nordic Summit: Nordic nations to invest $100 bn in 15 years

India offers 100% FDI to Nordic defence firms in defence industrial corridors

RBI likely to hold repo rate at 5.25% through FY27: India Ratings

India Ratings projects GDP growth at 6.7% and inflation at 4.4%, warning that higher crude prices and West Asia tensions may pressure growth and trade deficit

Overlaps in labour codes, state laws create compliance grey zone for firms

Experts say overlaps between Labour Codes and state Shops and Establishments Acts may create compliance uncertainty for companies across working hours and leave rules

Datanomics: PM Modi's 5-nation tour likely to strengthen trade ties

PM Narendra Modi's five-nation tour underscores India's push to deepen trade ties as exports to these countries outpace imports despite a cumulative trade deficit

Assam, UP and Meghalaya India's fastest-growing states, says study

Smaller and mid-sized states are emerging as India's fastest-growing economies, signalling a broader and more balanced growth story beyond traditional industrial hubs

FTAs must drive exports, not just imports: Commerce Minister Piyush Goyal

Commerce Minister Piyush Goyal urged Indian industry to use upcoming FTAs to boost exports and avoid a surge in imports

OMCs raise petrol, diesel price by 90 paise per litre, 2nd hike in a week

Petrol now costs ₹98.64 a litre in the national capital, from earlier ₹97.77 a litre and diesel is priced higher at ₹91.58 per litre

West Asia crisis: Russian oil waiver extension a huge relief, say experts

he US has extended sanctions waiver on Russian oil purchases till June 17, easing pressure on Indian refiners reliant on discounted crude imports

Tighter DSM rules for grid stability raise concerns over RE viability

India's tighter DSM rules aim to improve grid discipline amid rising renewable energy penetration, but industry experts say wider reforms are needed to balance stability and project viability

As India's thirst for edible oil grows, curbing imports seems unworkable

India's edible oil demand continues to rise on the back of population growth and improving incomes, making import dependence difficult to curb unless domestic oilseed production rises sharply

India to host Africa summit after 11 years amid strategic outreach

New Delhi seeks to deepen trade, investment, energy, and strategic ties with African nations as it hosts the fourth India Africa Forum Summit after an 11-year gap

India is trying to secure fertiliser supplies from 28 countries: Chouhan

Shivraj Singh Chouhan said India is engaging with 28 countries for fertiliser supplies while urging farmers to adopt organic and climate-resilient farming practices