Economy

Bank of Baroda raises FY27 growth forecast, flags monsoon and oil risks

Bank of Baroda raised its FY27 growth forecast to 7-7.2 per cent after robust Q1 growth, but flagged upside risks to inflation and the fiscal deficit from monsoon and oil

Fruits of reforms are often reaped by later governments: Shankar Acharya

Shankar Acharya says that structural constraints need to be addressed for India to become an advanced economy by 2047

Interest limited, govt to review ₹25,000-crore export promotion schemes

Aims to spend ₹3,710 cr in FY27, up from ₹2,250 cr in FY26

Space, steel, fintech at heart of Luxembourg's India push: Lex Delles

We want Indian companies to use Luxembourg as a gateway to Europe, said Lex Delles

Work demand under VB G RAM G stages smart recovery in August after July dip

Work demand rose 4.4 per cent year-on-year to 12.4 million households in August, even as kharif sowing continued amid below-normal southwest monsoon rainfall

Indian crude basket tops $100/bbl as Iran-US tensions fuel supply concerns

Rising crude prices are squeezing fuel marketing margins and could widen India's oil import bill, while attacks in West Asia raise concerns over supplies through the Strait of Hormuz

Uttar Pradesh Green Hydrogen Policy, 2024: Key features, incentives, eligibility and implementation

The policy is a state framework for promoting the production, storage, transport and use of green hydrogen and green ammonia

Only 23% of rural LPG users rely on it exclusively, finds CEEW study

Around 73 per cent of rural households used LPG in the previous 90 days, but refill costs, last-mile delivery gaps and informal access continue to constrain sustained use

IIM Lucknow to incubate rural women-led startups, enterprises in UP

Under this programme, nearly 150 women-led rural enterprises will receive structured incubation support from IIM Lucknow for a period of 18 months

Rajasthan govt seizes 44 vehicles in 3 weeks in tax evasion crackdown

Rajasthan tax department seizes 44 vehicles in three-week crackdown on suspected tax evasion

LNG prices surge to multiyear highs as West Asia war squeezes supplies

West Asian supply disruptions and low European gas storage are pushing LNG prices higher, forcing price-sensitive Indian buyers to compete with Europe for cargoes

Weekly policy watch: Coal gasification deadline, forex reserves in focus

The week's policy agenda will focus on the coal gasification scheme, possible changes to plantation FDI rules and fresh forex reserves data

Private firms' capex rises 7% to ₹30.3 trillion in FY25, shows govt data

In FY24, they had made a capital expenditure of ₹28.3 trillion, showing an annual growth of 2.65%, as per the detailed Gross Fixed Capital Formation figures for FY25 released by the ministry

BS Roundtable: Swapan Dasgupta to set the tone at Bengal Beckons on Monday

Finance Minister Swapan Dasgupta will be the star attraction at the first edition of a Business Standard Roundtable in the state, Bengal Beckons, on Monday

Trust deficit in GDP data is a political issue: Rajeeva Karandikar

Former NSC chief Rajeeva Karandikar defends India's new GDP series, calling for greater transparency while rejecting claims of data manipulation

Govt mulls FDI liberalisation to bring more crops under plantation sector

India has received $295.23 million FDI in tea and coffee (processing and warehousing coffee), and $3.93 billion in rubber goods during April 2000 and March 2026

Braj region to be developed on lines of Ayodhya and Kashi: UP CM Adityanath

Uttar Pradesh chief minister says Braj Bhoomi will get improved infrastructure and facilities for devotees while preserving its spiritual and cultural significance

Govt sells 4,000 tonnes of buffer onions across 17 cities to cool prices

The Centre, through its agencies NCCF and Nafed, is sitting on a buffer stock of 1.21 lakh tonnes of onion for 2026

Weekly economy wrap: GDP beats estimates, but inflation risks remain

India's economy started FY27 on a strong footing, but questions emerged over the 7.8 per cent GDP growth in Q1 and the methodology behind it

Turnover-linked levy could be fairer for gig workers than payouts

A contribution mechanism for gig-worker social security that is linked to individual transactions rather than an aggregator's turnover could create a sharply uneven financial burden