Economy

Sub-par monsoon not a crisis; agriculture has shown resilience: Chand

Former NITI Aayog member and noted agriculture economist Ramesh Chand says India is better prepared to handle rainfall variability than in the past

India-bound LPG tanker clears Hormuz, set to reach Vizag by May 13

The cargo -- enough to meet half a days requirement of the country -- will partly tide over supply constraints being faced since the start of the West Asia conflict more than two months back

Centre releases ₹17,744 crore as first wage instalment for MGNREGA in FY27

Centre clarifies scheme to continue till VB-GRAMIN is rolled out

Weekly economy wrap: GST hits record, FDI rules ease, credit slows

Economy wrap April 27-May 3: India's economy showed mixed signals this week as GST collections hit a record, credit growth slowed and policy moves spanned FDI, trade, energy and statistical reforms

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

CEA sees West Asia conflict widening India's CAD above 2%, urges investment

The CEA argued that India's substantial refining capacity significantly mitigates the challenges of its high crude oil import dependence

Govt notifies 100% FDI in insurance sector under automatic route rules

The move to allow 100 per cent FDI in the insurance sector is expected to boost foreign interest in the sector

India's digitalisation reforms improved productivity in MSMEs: IMF paper

MSMEs contribute around 35 per cent of manufacturing output in India, employ around 110 million workers and contribute about 45 per cent of the overall exports from India

DEA notifies Fema FDI easing for firms with up to 10% Chinese stake

However, these relaxed FDI rules will not apply to entities registered in China or Hong Kong or other countries sharing land borders with India

India should build strategic buffers for energy shock: CEA Nageswaran

Nageswaran said the West Asia conflict is more of a price shock than supply shock for India as the government is managing the supply side deftly

India, Australia can expand trade in goods, services: Australian envoy

Green added that Australian visa system does not discriminate on the basis of ethnicity, and Indian students comprise the largest or the second-largest group there

India-linked LPG tanker attempts Strait of Hormuz exit amid energy crisis

Marshall Islands-flagged Sarv Shakti - laden with around 45,000 tons of LPG, commonly used as cooking fuel - appeared to move northward through the waterway

ED attachments up 170% to ₹81k cr in FY26; ₹63,142 cr returned to victims

The ED has a conviction rate of 94 per cent and is confident that out of more than 2,400 cases now pending before trial courts

19-kg commercial LPG cylinder price raised by ₹993; steepest increase

OMCs raise commercial LPG prices sharply amid rising crude costs, while domestic LPG and petrol-diesel rates remain unchanged; ATF for international flights also revised

Fiscal stress a reality, committed to capex target: Expenditure secy

DFS secretary says high-level banking panel to oversee balance sheet constraints

Net, gross GST collections touched new highs in April: Govt data

Growth led by import-linked incentives, surge in March-end filings

Electronics MSMEs to get lift from PLI push, high demand: SME Tracker

Mobile phones, consumer electronics and industrial electronics together account for 55-60% of electronics sales in India

USTR keeps India on IPR watch list; Vietnam faces toughest scrutiny

Placement of a trading partner on the Priority Watch List or Watch List indicates that particular problems exist in that country with respect to IP protection, enforcement, or market access

Shivraj Singh Chouhan launches PMGSY-IV in Odisha with ₹1,700 crore outlay

PMGSY-IV rollout in Odisha to boost rural connectivity with 827 projects across eight districts, alongside funding support for housing, irrigation and employment schemes

India's forex reserves fall $4.82 billion to $698 billion, shows RBI data

Decline in foreign currency assets and gold reserves pulls down India's forex reserves in the week ended April 24, according to RBI data