Economy

Cars, ACs cheaper but food prices inched up after GST cuts: Bank of Baroda

GST rate cuts have sharply lowered prices of cars and appliances, but rising input costs have limited relief for food and personal care items, Bank of Baroda analysis shows

OMCs may face LPG under-recovery of around ₹80,000 crore in FY27: Icra

State-run oil firms may face steep LPG under-recoveries in FY27 due to high global prices and supply disruptions, with broader cost pressures seen across energy-linked sectors

EPFO to launch Aadhaar-based portal to unlock dormant PF accounts

EPFO will launch an Aadhaar-based portal, E-PRAAPTI, to help members access inactive PF accounts, retrieve unclaimed balances, and streamline account activation

Expedite reforms instead of salvaging near-term growth: Finance ministry

Finance ministry's Monthly Economic Review urges India to prioritise fiscal stability and reforms over short-term growth amid risks from the West Asia crisis

Rare Earth Corridor gains momentum as Andhra targets ₹50,000 cr investment

State plans integrated rare earth ecosystem with mining, processing and manufacturing as India seeks to reduce dependence on China for strategic minerals

Exports see healthy rise in April despite West Asia challenges: Goyal

Goyal also said that free trade agreements finalised by India would give a huge boost to the domestic industry

Rupee hits record closing low at 94.85 as crude surge pressures currency

The rupee fell to a record closing low of 94.85 per dollar, pressured by rising crude prices, foreign outflows and a stronger US dollar

Trade split on cotton duty cut; risks flagged for farmers, CCI

As industry seeks lower cotton import duty amid rising prices, sections of trade warn it could hurt farmers, trigger distress selling, and lead to losses for the Cotton Corporation of India

India plans 62 new vessels with Rs 51,383 crore investment in FY27

India plans to add 62 vessels with Rs 51,383 crore investment this year to strengthen maritime capacity and ensure resilience amid global supply disruptions

RBI caps unsecured lending, tightens housing loan norms for UCBs

RBI has issued revised lending norms for urban co-operative banks, capping unsecured loans and tightening housing loan rules to strengthen risk management practices

PM Modi inaugurates ₹36,000 crore Ganga Expressway linking 12 UP districts

The expressway, which cost more than ₹36,000 crore to the Uttar Pradesh exchequer, is proposed to be linked with Haridwar in Uttarakhand in the next phase

Castrol India banks on pricing, rural push to navigate cost pressures

Castrol India is relying on price hikes and rural expansion to offset rising costs, while sustaining growth through steady demand and market share gains across segments

Why India needs to develop concentrated solar thermal power plants

India's solar boom has exposed grid and storage challenges, making it essential to scale up concentrated solar thermal power alongside batteries and pump storage for reliable round-the-clock energy

Mismatch between IBC and tax law clouds loss carry-forward benefits

A growing mismatch between insolvency and tax laws is raising uncertainty for companies, with tax authorities denying loss carry-forward benefits despite approved resolution plans

Transmission bottlenecks threaten India's ambitious renewable energy goals

India's rapid renewable energy expansion is exposing grid and transmission constraints, with experts warning that system resilience and infrastructure upgrades are critical to sustain growth

GDP growth may slip to 6% if Indian crude averages $120/barrel in FY27: EY

The Reserve Bank of India (RBI), in its monetary policy review earlier this month, projected GDP growth for FY27 at 6.9% compared to 7.6% estimated in FY26

West Asia war impact managed well, but some concerns remain: Madan Sabnavis

More importantly, the inflation has been kept under control as of now with the government absorbing a large part of the crude oil cost increase.

Visiting Canada next month to speed up Cepa talks, says Piyush Goyal

India has already concluded nine FTAs that provide preferential access to nearly two-thirds of the global economy and global trade, covering 38 developed and prosperous countries

India's industrial production closes 2011-12 era with no signs of breakout

Industrial output growth remained steady at 4.1% in FY26 as India closed its 2011-12 IIP series, with the NSO set to roll out a new base year reflecting evolving economic dynamics

India's March factory output at series peak despite West Asia war

India's industrial output closed the 2011-12 series with modest growth of 4.1% in FY26, as the NSO gears up to release a revamped IIP series with a 2022-23 base year