Economy

Mospi open to revamping ASUSE to better capture handloom, handicraft sector

Mospi Secretary Saurabh Garg said the ministry is open to refining ASUSE to generate more granular and actionable data for the handloom and handicraft sector

Fisme to Siam: Share rising input cost burden with MSME vendors

FISME has asked SIAM and automobile OEMs to help MSME auto component suppliers absorb rising wage, energy and raw material costs linked to the West Asia crisis

Rupee hits fresh low, bond yields jump as crude oil prices surge

The rupee weakened to a fresh low and bond yields climbed sharply as rising crude oil prices and higher US Treasury yields rattled financial markets

India's copper import bill crosses ₹1 trillion as structural gaps widen

India's copper imports have surged more than 350 per cent in less than a decade amid rising demand, stagnant mining output, and weak refining economics

Piyush Goyal urges industry to cut dependence on capital goods imports

Goyal urges industry to cut import dependence as rupee hits fresh low and exports push intensifies

India, Sweden aim to double bilateral trade and investment in five years

India and Sweden plan to double bilateral trade and investment in five years, while India and Norway elevated ties into a green strategic partnership

Fuel price hike cuts OMC losses by 25%; daily loss drops to ₹750 cr

The increase followed daily losses, climbing to an unprecedented ₹1,000 crore per day. The losses in a quarter rose to ₹1 lakh crore - enough to wipe out earnings of an entire year

RBI decides against imposing additional capital buffer on banks

The Reserve Bank of India said prevailing systemic risk conditions do not warrant activating the countercyclical capital buffer for banks at this stage

India to continue buying Russia oil even without US waiver, says govt

India will continue purchasing Russian crude oil despite the expiry of the US waiver, while fuel retailers' under-recoveries have narrowed after the recent price hike

Current account deficit to widen to 2.3% of GDP in FY27 from 0.9% in FY26

While India is above all the thresholds currently, it would fall below the 10th percentile threshold if the estimates on the BoP play out

India buying Russian oil regardless of US sanctions waivers: Govt official

Sujata Sharma, Joint Secretary in the Petroleum Ministry, said India has been buying Russian oil irrespective of US sanctions waivers

Indian markets can absorb shocks amid West Asia crisis, says Sebi chief

When there is a crisis in one part of the world, it also impacts the rest of the globe, Pandey told reporters here on the sideline of the Regional Investors Seminar for Awareness

Explained: What is Balance of Payments and how does it affect the rupee?

As oil and gold imports raise dollar demand, terms such as BoP, current account deficit and forex reserves are back in focus. Here is why they matter for the rupee

India can ride out crude supply disruption after Russian oil waiver ends

In May, flows are expected to come in at close to 1.9 million barrels a day, close to peak levels - though that still includes a period under the US permit that was allowed to expire over the weekend

Govt directs state-run banks, insurance firms to cut costs, shift to EVs

The order, part of a broader austerity push, will cover institutions like the State Bank of India, Bank of Baroda and Life Insurance Corp of India and million of their employees across the country

Weekly policy watch: Core sector, bank credit, forex data in focus

India's macro calendar will be led by core sector, PMI, bank credit, deposit, and forex reserves data, while PM Modi's Europe visit will keep trade ties in focus

India-EU ties can bring stability in unstable world: EU Commission Prez

Von der Leyen also underlined the importance of the EU-India Trade and Technology Council, saying it is paving the way for stronger collaboration in areas such as AI governance, semiconductors, etc

PM Modi woos Swedish firms to invest in India, says reforms on fast track

Modi underlined that India today represents one of the world's most attractive destinations for investment, innovation and manufacturing

Unexpected markets powered India's exports surge in April, shows data

Surge in shipments to smaller markets offsets weak demand from US and West Asia in April

States' capex utilisation dipped to 77% in FY26 despite higher outlay

The state-wise picture also reveals a sharp churn at the top and bottom relative to the last financial year