Economy

India-EU FTA may be operational in January-March, says Piyush Goyal

Commerce Minister Piyush Goyal said the India-EU trade pact would be signed by the end of 2026, while warning that European regulations and tariffs could hurt trade

Govt 'grappling' with old-age protection for gig workers: Official

A government official said designing old-age protection for gig and platform workers remains a challenge, particularly over mandatory contributions and pension scheme structures.

GST registration for small e-commerce sellers to begin from November 1

The simplified GST registration facility will allow small e-commerce sellers to expand across states without setting up physical offices, with detailed notifications expected soon

Indian Bank raises special term deposit rates by 15 bps from October 23

Indian Bank has raised rates on its 555-day Ind Grow and 777-day Ind Prosper deposit schemes by 15 basis points each, following the RBI's October repo rate increase.

GSTN adds two e-invoicing categories for reverse charge purchases

The new RCM-DOM and RCM-IMP categories will allow eligible businesses to generate e-invoices for specified domestic purchases and imported services under reverse charge rules

India permits 6,500 tonnes of silver imports despite weak demand

India has permitted imports of around 6,500 metric tons of silver over six months despite weak domestic demand, a move expected to ease local premiums while supporting global prices.

Coal gasification could help India avoid ₹1.96 trillion imports: A&M

Domestic production of gasification-linked products could reduce imports of natural gas, urea, ammonia and methanol while supporting new industrial clusters and jobs

India's West Asia oil imports hit pre-war levels; Russian crude falls

India's West Asia crude imports rose to 2.8 mn barrels per day in September, accounting for 54% of purchases, while Russian oil imports fell 14% month-on-month to 1.8 million bpd, ship data showed

Uttar Pradesh Startup Policy 2020 (First Amendment-2022): Incentives, eligibility and implementation

The policy superseded the startup-related provisions of the Uttar Pradesh IT and Startup Policy, 2016 and the Uttar Pradesh IT and Startup Policy, 2017-22

Rubio, Mukesh Ambani discuss energy, technology partnerships at Jamnagar

US Secretary of State Marco Rubio toured Reliance's Jamnagar refinery and discussed energy supplies, technology, data centres and potential commercial partnerships with Mukesh Ambani.

RBI rejects all bids at govt's T-bill auction as short-term yields surge

The yield on the benchmark 10-year government bond settled at 7.44 per cent, its highest level since November 4, 2022, against the previous close of 7.39 per cent

India targets year-end start for trade talks with five-nation African bloc

India and SACU are both developing economies, with overlapping interests in some sectors and potential complementarities in others

Core sector growth at 30-month high of 7.9% in Sep as coal output rebounds

A sharp rebound in coal, higher iron ore output and strong refinery growth lifted core sector expansion to 7.9% in September, even as three of the nine industries contracted.

India, New Zealand sign pact for electronic exchange of trade origin data

The agreement will enable advance electronic exchange of origin data, improve customs cooperation and help businesses access tariff concessions under the India-New Zealand FTA

India must make growth employment-intensive, not just fast: Ex-RBI chief

Subbarao also said that the challenge is not merely to grow fast, but to make growth productive, employment-intensive and resilient

Indian Oil to trim West Asian oil imports under annual deals amid Iran war

Indian refiners traditionally relied on ‌the West Asia for more than half of their annual crude supplies, particularly heavier, high-sulphur grades, because of the region's proximity

Datanomics: Finally, goods producers get pricing power as demand picks up

Manufacturing and mining goods lead the increase, though prices remain below the FY23 base-year level

More women working in India, but not in paid jobs, says Oxfam study

Rural women's labour force participation nearly doubled between 2017-18 and 2023-24, but the rise was driven largely by unpaid family work and agricultural employment, the study finds.

Beyond Diwali sales, Sivakasi eyes global fireworks market with exports

India's fireworks capital is drawing interest from overseas buyers as Tamil Nadu pushes for export-friendly policies, modernisation and improved infrastructure to boost global sales.

Retail auto sales rise on high base this Navratri, but cars see 14% drop

FADA data shows overall vehicle sales rose 2% in the first nine days of Navratri, but passenger vehicle sales fell 14% as last year's GST-led demand surge created a high base