Economy

Govt eyes BIS exemption for foreign high-tech firms manufacturing in India

Commerce Minister Piyush Goyal says the proposed framework could provide company-, industry-, product- or project-based exemptions for imported equipment and components

NRI deposit inflows fall 23% to $2.78 bn in April-June of FY27: RBI data

Outstanding NRI deposits stood at $168.51 billion at the end of June, while FCNR(B) deposits recorded inflows of $1.73 billion during April-June FY27

Economy shows notable resilience despite global headwinds: RBI bulletin

The economy has demonstrated notable resilience to the ongoing global headwinds, characterised by buoyant domestic demand and rising manufacturing and services activity, Reserve Bank bulletin said

India's mushroom production surges, led by Bihar, but challenges remain

India's mushroom output rose from 51,000 tonnes in 2015 to 347,750 tonnes in 2024, with Bihar at the forefront, but productivity, cold-chain and infrastructure gaps threaten further growth.

Govt revises raw sugar import terms, gives 2 months for refining and sale

DGFT replaces the October 31 sale deadline with a two-month window from filing the Bill of Entry, while the duty-free raw sugar import quota and import cut-off remain unchanged

India turns to US for LPG, LNG as West Asia war disrupts Gulf supplies

India imported about 0.62 million tonnes of LPG from the United States in August, in addition to 0.89 million tonnes in July, accounting for more than 73% of the country's LPG imports

India's economic growth likely slowed to 7.1% in April-June quarter: Poll

Risks to the outlook for Asia's third-largest economy, which imports more than 85 per cent of its oil, have increased as crude prices are above $90 a barrel and may climb higher

Weak rains, services likely eased Q1 economic growth to 4-quarter low

India's GDP growth is likely to ease to around 7.2% in Q1 FY27, a four-quarter low, amid softer services activity and a delayed monsoon despite resilient domestic demand

We are well capitalised right now: Navi Finserv MD & CEO Abhishek Dwivedi

'Our target group has been young middle class. Over the years, we have graduated to a slightly higher ticket size doing about Rs 1.5 lakh in average ticket size in unsecured credit or personal loans;

Digital divide keeps women out of India's gig economy, says report

Women remain under-represented in India's platform economy despite near parity in bank-account ownership, as digital capability and credit-access gaps persist

Service producer prices show mixed trend across sectors in Q1FY27

Air passenger service prices rose nearly 32 per cent year-on-year in Q1 FY27, while banking and securities transaction services recorded declines, provisional data showed

58% of FY27 fertiliser subsidy budget used in less than 5 months

Over half of India's FY27 fertiliser subsidy has been exhausted in under five months as global prices surged, raising the prospect of higher government spending

No shortage of sugar in India, retail prices to come down soon: ISMA

Sugar prices are expected to ease within 10 days as early crushing, duty-free imports and government measures boost supplies, while India lifts its wheat export ban

Onion prices up 59%, govt ramps up 'Kanda Express' supplies to cool market

The Centre is using dedicated railway rakes to move buffer onions from Nashik to major cities as retail prices surge and seasonal shortages loom

Economic activity growth eases to 11.4% in July from 12.1% in June: ICRA

Mining, electricity, e-way bills and domestic air traffic weighed on growth in July, while cement and coal output strengthened and unemployment declined

FM Sitharaman to visit Canada and US from August 25 to September 2

Finance minister will hold bilateral and investor meetings in Canada and the US, and lead the Indian delegation at the G20 finance ministers' meeting in Asheville

Govt lifts ban on wheat exports in boost to war hit global supply

The government has permitted exports of wheat, including the durum variety, as well as flour and other products

India, Gulf Cooperation Council discuss next steps on free trade agreement

The meeting took place on Sunday, where both sides discussed ways to strengthen India-GCC relations, exchanged views on regional and international developments

Weekly policy watch: RBI liquidity move, IIP data, forex reserves in focus

The week's policy calendar will focus on RBI liquidity management, industrial production and forex reserves

India negotiating FTAs with 8-9 blocs, aims to cover 75% of trade: Goyal

He added that the country's free trade agreements would eventually cover about 75 per cent of global trade and help position India as a trusted partner in global value chains