Economy

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

MGNREGA demand dips in April as fate of VB-G RAM G remains unclear

The drop in work demand in April, the first month of the financial year, is rather unusual as April usually sees good demand as panchayats are flush with funds

IBC-tax law mismatch clouds loss carry-forward benefits: Experts

Under the Insolvency and Bankruptcy Code (IBC), financially stressed companies can be taken over by new owners through a resolution process

Coal India output falls nearly 10% in April; offtake sees marginal decline

Coal India begins FY27 on a weak note with a sharp fall in April production and marginal decline in offtake, even as dispatches exceed output amid rising summer demand

Net GST rises 7.3% in April; gross collections hit record ₹2.43 trillion

Net GST revenue rises modestly on strong import-led growth, while domestic collections remain muted; refunds surge, offsetting gains despite record gross collections

Govt has not ruled out petrol, diesel price hike in near future: Report

State-owned oil firms hiked prices of commercial LPG, industrial diesel, 5-kg LPG and jet fuel sold to international airlines in keeping with the cost

India, UK discuss ways to boost bilateral trade, investments under CETA

India and the UK aim to deepen trade and investment ties, leveraging CETA to boost bilateral commerce and achieve a $100 billion trade target by 2030

India-UAE trade crosses $100 billion under free trade pact: Piyush Goyal

India-UAE CEPA helped bilateral trade cross $100 billion in 2025-26, with gains in goods and services trade, stronger exports, rising imports, and growth in key sectors, Goyal said

Govt cuts export duty on diesel, ATF; retail petrol prices unchanged

The export duty has been introduced to ensure domestic availability of petroleum products amid the West Asia crisis

ATF prices unchanged for domestic airlines, international rates hiked: IOC

Retail prices of petrol, diesel and domestic LPG cylinders have also been kept steady, insulating consumers from international price volatility

India's heatwave exposes fragile power grid as energy crunch deepens

Extreme heat and West Asia war disruptions strain India's energy supplies, driving power demand to record highs, triggering blackouts and worsening shortages of crude, LNG and cooking gas

Commercial LPG cylinder prices hiked by ₹993, domestic rates unchanged

The steep hike in 19 kg commercial LPG prices from May 1 marks the third increase since late February, raising costs for eateries and businesses, while petrol, diesel remain steady

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

NBFCs return to banks for loans as bond yields stay elevated

Bank credit to NBFCs rises sharply as shadow lenders shift funding sources amid high bond yields, supported by regulatory easing and improved banking liquidity

More than 77% of 880.5 mt gold reserves held domestically, says RBI

Central bank increases domestic share of gold reserves to 77.23% in FY26, with holdings rising to 680 MT even as overall forex reserves and gold value expand

Diesel export duty at ₹23/l, ATF at ₹33/l; petrol stays nil: Govt

There is no change in excise duty on petrol and diesel meant for domestic consumption

Rural women dominate labour market, yet gender gap persists, says NSO

Unemployment remains most pronounced among youth

War, oil and the rupee: Why policy is playing defence, not stimulus

India's policy response to rising oil prices and geopolitical risks remains cautious, prioritising macroeconomic stability over stimulus as inflation pressures and second-order effects begin to emerge

The return of Section 301: How Washington's next trade lever may test India

The US government has revived Section 301 investigations into India over excess capacity and forced labour concerns, raising risks of tariffs and tighter compliance for key export sectors

BOI to raise up to Rs 7,500 crore through Tier I, Tier II bonds in FY27

Bank of India plans capital raise through Basel III-compliant Tier-I and Tier-II bonds to strengthen its capital base