Economy

Duty concessions for Omani imports under India FTA kick in from June 1

Duty concessions on Omani imports under the India-Oman CEPA come into force from June 1, covering nearly 95% of India's imports from Oman

States' mkt borrowing share in deficit funding rises to 76.3% in FY26: RBI

Borrowing programme for 2026-27 would be managed in an orderly manner, keeping in view fiscal deficit goals and evolving market conditions

A beginner's guide to the IIP ahead of the release of the new series

India adopts a new IIP series with 2022-23 as the base year, expanding sectoral coverage and updating the basket to better reflect the economy

India, US chief negotiators to hold four-day trade talks from June 1

India and the US will begin talks to finalise an interim trade pact as both sides reassess tariff commitments amid a changed US trade regime

India, Canada officials express optimism over ongoing trade pact talks

The development comes days after India's Commerce and Industry Minister Piyush Goyal said the two countries were looking to conclude negotiations on a free trade agreement before the end of this year

Weekly economy wrap: Fuel costs and trade talks drive policy week

From fuel costs to cotton duty relief and mining reforms, the week showed how global volatility is shaping India's inflation and trade response

India's fuel exports may revive after slumping amid Ukraine, Iran conflicts

Western nations facing shortages are reconsidering sanctions on fuels made from Russian crude oil

Centre revises fuel export levies for June 1-15; domestic rates unchanged

The Centre has retained the export levy on diesel at ₹13.5 per litre, while fixing the duty on petrol exports at ₹1.5 per litre and on aviation turbine fuel (ATF) exports at ₹9.5 per litre

India, Eurasian Economic Union discussing interim trade deal: Russia

Reshetnikov's remarks came hours after Russian President Vladimir Putin said negotiations on trade liberalisation between India and the EAEU had gained momentum

Govt exempts import duty on cotton for five months till October 30

The Centre has exempted cotton imports from customs duty and AIDC till October 31, aiming to improve domestic availability and lower raw material costs for textile manufacturers

FinMin calls for policy agility as economy shows 'cautious resilience'

The finance ministry on Saturday said strong domestic fundamentals support growth, but rising oil prices, a weaker monsoon and global uncertainty warrant continued policy vigilance

Fuel price hikes, weak monsoon may push up retail inflation: Finance Ministry

The duration of the Strait of Hormuz disruption remains the 'single most consequential variable' for India's external and price outlook, the report said

Mumbai CNG price hiked by ₹2 to ₹86/kg amid West Asia supply disruptions

MGL has increased CNG prices across the Mumbai Metropolitan Region for the second time this month amid rising energy costs and supply concerns linked to global market disruptions

Net household financial savings rise to 7% of GNDI in FY25: RBI report

Net household financial savings increased to 7 per cent of GNDI in FY25 as a sharp decline in financial liabilities outweighed a moderation in gross financial savings

RBI's forex transaction gains rise 52% to ₹1.69 trillion in FY26

Reports first mark-to-market loss on forward contracts in at least five years

Lingering geopolitical tensions may hit loan portfolios: RBI report

RBI warned that the West Asia conflict, rising energy prices and monsoon risks could weigh on India's growth and inflation outlook in the short term

Energy prices, CAD and BoP big priorities, says V Anantha Nageswaran

Chief Economic Advisor V Anantha Nageswaran says managing India's external balances has become critical amid the global energy shock triggered by the West Asia conflict

India raises Russian crude oil and US gas imports in May, shows data

Imports of Russian crude oil rose to 1.92 million barrels per day till May 28

India-US trade deal to be finalised over next few weeks: Sergio Gor

US Ambassador Sergio Gor says India-US trade deal is likely to be finalised in the coming months, with USTR officials set to visit New Delhi next week

$360 bn infra push cuts India's logistics cost to 10% of GDP: Report

India's logistics cost has fallen to 10-10.7 per cent of GDP in FY26 from 13-14 per cent a decade ago, generating annual savings of up to $133 billion, says report