Economy

India's steel exports to EU may fall 24% due to CBAM, says ICRIER study

ICRIER says the EU's Carbon Border Adjustment Mechanism could cut India's steel exports by 24 per cent and have only a marginal impact on global carbon emissions

India's forex reserves increase by $963 mn on back of rise in gold reserves

India's forex reserves rose by $963 million to $672.59 billion in the week ended June 19, driven by a sharp increase in gold reserves despite a decline in foreign currency assets

MEA opens 1st public auction of diplomats' gifts, luxury watches, artefacts

The first public Toshakhana e-auction features around 300 gifts received by Indian diplomats, with proceeds going to the Consolidated Fund of India

India's FY27 GDP growth seen at 6.6-6.8% as energy prices ease: EY

EY said India continues to demonstrate strong economic resilience despite external uncertainties, underpinned by robust domestic economic fundamentals and sustained private sector activity

Anti-dumping duty on electrical steel may push transformer costs: GTRI

The specialised electrical steel minimises energy losses and is indispensable for efficient electricity transmission and distribution

Goldman Sachs lifts India GDP forecast to 6.8% for 2026 after US-Iran deal

The brokerage raised India's GDP forecast, while cutting its inflation estimate to 4.4% and current account deficit forecast to 1.1% of GDP, on falling crude oil prices after the US-Iran peace deal

NHAI plans ATMS for highways. What is it and how will it transform traffic?

From AI-enabled surveillance to automated incident detection, here's how Advanced Traffic Management Systems will transform highway travel

Govt proposes 7 kg ration per person for Antyodaya Anna Yojana households

The Centre proposes linking AAY foodgrain allotment to family size, granting 7 kg per person monthly while retaining a maximum household cap of 35 kg

Datanomics: India records arms trade surplus, hits record in FY26

India's arms trade surplus hits a record in FY26 as exports surge, partners shift to Europe and Armenia, and BrahMos missile sales talks with the UAE gather pace

Centre's disinvestment receipts in Q1 FY27 exceed FY26 proceeds

Government disinvestment receipts have crossed ₹18,000 crore in FY27's first quarter, already surpassing the total stake-sale proceeds of FY26

No US trade deal until India gets competitive edge, says Piyush Goyal

Commerce minister says agreement hinges on Washington providing tariff advantage against rival economies

Govt plans to borrow ₹3.36 trillion through Treasury Bills in Q2FY27

The Centre will raise Rs 3.36 trillion through 91-day, 182-day and 364-day Treasury Bills in the July-September quarter, with 14 weekly auctions scheduled by the RBI

Targeted RE spending can save India $28 bn in climate losses: Report

Investing just 2% of renewable energy project costs in climate resilience could help India avoid $28 billion in potential losses, a report says

20 states' capex utilisation slows to 5.86% in April-May FY27: CAG data

Twenty states utilised 5.86 per cent of their FY27 capex budgets in April-May, below the year-ago pace, though spending recovered in May after a sluggish April

US inflation hits three-year high as consumer spending rebounds

US consumer spending rose in May despite the highest inflation in over three years, reinforcing expectations that the Federal Reserve may raise interest rates

FTA with UK most comprehensive agreement so far, says Piyush Goyal

The minister arrived in the UK on a three-day visit to review the preparedness of both countries for the implementation of the India-UK Comprehensive Economic and Trade Agreement (CETA)

Iran to accept oil payments in any currency: What it could mean for India

Iran's central bank said oil export payments are not limited to the US dollar, highlighting greater flexibility as negotiations with Washington move forward

India plans to value its coal reserves in rupees: What does it mean?

MoSPI has proposed a framework to assign a monetary value to India's coal reserves. Here's what natural capital accounting means and why it differs from pricing coal

India set to approve Geely-backed investment of $370 mn as China ties thaw

The proposed investment by Horse Powertrain, backed by Geely and Renault, would support local production of advanced hybrid engines and powertrains

El Niño set to further disrupt India's $300 bn agricultural supply chain

A prolonged delay in monsoon rainfall is disrupting kharif crop planting and raising concerns over agricultural output amid the emergence of El Niño conditions