Economy

Trade deal with Canada by November; European Union pact by year-end

Modi's meetings with leaders attending the G7 Summit, and his intervention at the outreach session focused on furthering trade and connectivity projects

Trade deal near, declares Trump; Modi pitches for seafarers' safety

At their first bilateral meeting in 16 months, Modi raised concerns over the safety of Indian seafarers while Trump said India and the US were nearing a trade agreement

Centre builds digital spine for labour code rollout across states

States asked to integrate portals as government moves towards a common labour administration framework

India-UK landmark free trade pact to come into force from July 15

Alongside the trade pact, the Double Contribution Convention will also take effect, easing social security obligations for temporary cross-border workers

Higher oil and gas costs may dent GDP growth, squeeze margins: Crisil

Ratings agency says higher oil and gas costs could moderate growth, squeeze margins and push GDP expansion lower in FY27

VB-G RAM G funds insufficient for 125-day job promise: Civil society groups

Civil society groups claim the Centre's interim allocation under the new rural jobs scheme would finance far fewer than the promised 125 days of work in several states

CEEW flags risks to India's energy security from import exposure

The think tank recommends diversifying crude and LNG suppliers, expanding strategic reserves and modernising refineries to reduce vulnerabilities to supply shocks

India's exports hit record $863 billion despite trade shocks, says official

Commerce ministry official says Gujarat contributed nearly $110 billion; SEZs and semiconductor units to remain key policy focus

India's clean energy shift may create new strategic dependencies: Report

For gas, India imports nearly half its supply as LNG but has no dedicated strategic gas storage facilities, leaving fertiliser plants and city gas networks exposed, the report said

Why easing OMC losses may not translate into cheaper fuel anytime soon

Fuel prices were raised to reduce losses at state-run oil companies, but despite easing pressure after lower crude prices, consumers may not see immediate relief

Tamil Nadu debt nearly doubles to ₹10 trillion in five years: White paper

The TVK government's white paper said Tamil Nadu added Rs 4.87 trillion in debt over five years, while total liabilities, including guarantees and off-budget borrowings, reached Rs 13.8 trillion

India's trade surplus shifts towards Asia and Africa in early FY27

India's trade balance turned favourable with several Asian and African economies in April-May, even as surpluses with traditional partners such as the US narrowed

18 states overshot fiscal deficit ceiling in FY25, shows CAG report

The CAG's review of state finances showed 18 states exceeded the 3 per cent fiscal deficit ceiling in FY25, while combined state liabilities continued to rise over the decade

Rice stocks climb to record high; wheat inventories at five-year peak

India's rice stocks hit a record high and wheat inventories reached a five-year peak, boosting food security and giving the government room to manage prices

Datanomics: Both PPI inflation, GVA deflators show farmer distress in FY26

PPI and GVA deflators both signal lower farm prices in FY26, reinforcing concerns over farmer earnings despite debate over how agricultural output is measured

Strait of Hormuz traffic recovery may be slow, say industry experts

The US-Iran agreement has eased oil market fears, but experts warn it could take months for Strait of Hormuz shipping to fully normalise

Kudankulam nuclear project gets its 'heart', moves closer to 6,000 MWe

NPCIL has installed the reactor pressure vessel at Unit-5 of the Kudankulam Nuclear Power Project, marking a key step towards expanding clean-energy capacity

Supreme Court ruling resets the role of India's economic regulators

In setting aside the CCI's order against Amazon, the Supreme Court has framed regulatory certainty, transparency and fairness as strategic assets for India's investment climate

Brazil leads in flex-fuel vehicles, but India needs a broader fuel strategy

When it comes to using ethanol blends to power vehicles, Brazil is a world-beater. But India needs a more diversified fuel strategy

BMC imposes 20% cut in water supply for industrial, commercial purposes

BMC has imposed a 20% water cut on commercial and industrial users and halted construction water supply as Mumbai's reservoir levels fall sharply