Economy

India, Canada to avoid sensitive sectors in trade pact talks: Piyush Goyal

The two countries are negotiating a Comprehensive Economic Partnership Agreement (CEPA). The third round of negotiations is underway in Ottawa

India-Oman CEPA set to unlock new export opportunities from June 1

The India-Oman CEPA is expected to diversify exports, boost duty-free access and strengthen India's trade connectivity with GCC markets

India-Korea to expand CEPA talks on digital trade, supply chains

India and South Korea have expanded CEPA upgrade talks by forming new groups on digital trade, supply chains and strategic industries to address trade imbalances and deepen economic ties

RBI must let rupee depreciate, avoid rate hikes to tame inflation: Subbarao

In comments that come days ahead of the second meeting of the rate setting panel for FY27, Subbarao said the monetary policy should be used as a "last resort" to defend the exchange rate

Rare earths to waste management: What changes in new IIP 2022-23 series

MoSPI will launch the new IIP 2022-23 series on June 1, adding rare earths, gas supply, water supply and waste management to better reflect India's changing industrial economy

Iran deal may ease oil stress, but won't plug India's capital or AI gaps

While stabilising the currency may help contain the current crisis, India's ability to attract global capital will remain muted

Supreme Court upholds 28% retrospective tax on online gaming firms

Top court also upholds states' right to ban online betting, gambling

Cabinet extends SARTHAK-PDS scheme for 5 yrs with ₹25,530-crore outlay

The Union Cabinet has approved the continuation of the SARTHAK-PDS scheme till March 2031 to strengthen foodgrain distribution and modernise the public distribution system

Households' out-of-pocket expenditure on health care rose in FY23

Household spending drops from 64 percent over a decade amid rise in public health expenditure

Greater use of biofertilisers can reduce India's chemical fertiliser burden

Balanced nutrient use, biofertilisers, and improved soil health can help India cut fertiliser imports and make agriculture more sustainable without hurting crop production

US trade officials to visit India next week to advance bilateral trade pact

A US delegation led by chief negotiator Brendan Lynch will visit India from June 1-4 to advance negotiations on the proposed bilateral trade agreement

GST 2.0 guidelines fail to resolve refund delays, say experts

Businesses continue to struggle with delayed inverted duty refunds, despite means for quicker provisional payouts

FY27 toll collection growth may moderate to 5-7% amid West Asia conflict

Crisil Ratings says slowing commercial traffic and geopolitical tensions may temper toll collection growth in FY27, though credit profiles of road assets are expected to remain stable

Cabinet approves Sarthak-PDS scheme to modernise ration distribution

The Union Cabinet approved the Sarthak-PDS scheme, allocating ₹25,530 crores to support state governments' distribution of Pradhan Mantri Garib Kalyan Anna Yojana

FM Sitharaman forgot fourth F - falling private investment: Congress

Congress targets Centre over economy, says Sitharaman ignored "fourth F" of falling private investment

India and Canada to conclude Cepa by November, says Piyush Goyal

Carney, after a meeting with Goyal, called the Cepa between the two nations a "game changer".

West Asia war: CNG prices rise by ₹2 a kg in Delhi, fourth hike in 2 weeks

MGL discontinues subsidies for commercial users

Lessons from income surveys by other countries offer a blueprint for India

What India's statisticians will actually borrow from any of this, and how well they will replicate in the Indian context is, however, yet to be seen

Moderation in revenue growth, margin looms for textile MSMEs: SME Tracker

Export-oriented RMG clusters such as Tirupur and Bengaluru are likely to see better revenue growth than domestic-focused clusters such as Kolkata and Kanchipuram

Anti-dumping duties can save India $3 billion per year in forex: Report

A report by C-DEP and Centre for WTO Studies says implementing pending DGTR recommendations could reduce forex outflow and support domestic industry with limited inflationary impact