Economy

Govt may ease FDI paperwork for entities with up to 10% LBC ownership

The government is considering easing paperwork for certain foreign investors under revised FDI norms, while advancing import substitution plans and allocating funds to support startups

India no longer catching up but creating new technologies: PM Modi

The Prime Minister calls for bold innovation as India steps up investment in emerging technologies and scientific research

UP to begin work on key industrial projects ahead of Assembly elections

State Cabinet approves four link expressways worth ₹17,542 crore, a robotics park in Greater Noida and GCC projects involving investments of ₹1,710 crore ahead of Assembly polls

Haryana power reform faces setback as govt opposes private distribution

Haryana's move to allow Eleven Power to compete with state-run DHBVN faces political headwinds and employee protests, raising questions over the future of Open Access in the power sector

BFSI Summit 2026: Focus must be on labour-intensive growth, say economists

At the BFSI Insight Summit 2026, economists warned that AI and capital-intensive growth could threaten job creation, calling for labour-intensive manufacturing and faster skilling

GST officers told to split multi-yr tax notices, substantiate fraud claims

CBIC's new circulars seek greater clarity in GST notices and adjudication, while easing registration requirements, export payment rules and input tax credit distribution

Looking beyond GST 2.0: Why compliance reforms are the next big test

The next phase of GST reforms, promises simpler registration, quicker refunds and wider input tax credit, but businesses say deeper structural and administrative changes are needed

Venezuelan crude offers Reliance margin boost, but supply is a hurdle

Marco Rubio's meeting with Mukesh Ambani has revived interest in Venezuelan crude, but limited supply and strong global refining margins could constrain Reliance's advantage over rivals

Expenditure quality key to states' long-term fiscal health: RBI Governor

RBI Governor Sanjay Malhotra urged states to improve expenditure quality, adopt prudent borrowing and cash management practices, and use ULI and programmable CBDC for direct transfers

GST relief not enough to make health insurance affordable, say experts

Business Standard BFSI Insight Summit 2026: Experts said GST relief has eased premiums, but high medical costs, underinsurance, and a trust deficit remain key barriers to wider coverage

India needs $500 bn by 2030 to decarbonise key sectors: CEEW report

A CEEW-GFC and Tata Sons report says $10 billion in catalytic capital could mobilise $50 billion in blended finance to support India's transition to low-carbon technologies.

India would emerge as major exporter to China, Asean in coming years: Goyal

The remarks came nearly two weeks after the minister on October 14 stated that India is working to rebuild its relations with China, but the last word on this journey has not yet been scripted

India's diesel exports set to surge in 2027 on refining capacity boom

India is becoming a global refining hub as it prepares to boost refining capacity to 300 million tons per year by 2030, and increasing further to 400 million tpy later

India needs labour-intensive growth to address job challenges: Economists

At the Business Standard BFSI Insight Summit 2026, economists Sajjid Chinoy and Soumya Kanti Ghosh called for labour-intensive manufacturing, better skilling and a balanced approach to AI

No pressure from US to reduce Russian oil imports, says Hardeep Puri

India's imports of West Asian crude oil surged in September, returning to pre-war levels, while its ‌refiners cut back purchases ​of Russian oil amid ‌stiff competition from China

Yogi Adityanath pitches Uttar Pradesh as GCC hub, releases white paper

The white paper titled 'The True Economics of AI Adoption in GCCs' was drafted under a deep-tech innovation collaboration between HCL Technologies and IIT Kanpur

Chile FTA talks nearing conclusion, Canada talks making progress: Goyal

Commerce and Industry Minister Piyush Goyal said that negotiations with the South Africa-led SACU (Southern African Customs Union) group have started

BFSI Insight Summit 2026: Economists divided over reliance on foreign funds

At the BFSI Insight Summit 2026, economists differed on India's reliance on foreign capital, FPI tax relief and reforms needed to attract investment amid global uncertainty

Datanomics: Three key industries fare poorly in new core sector series

India's core sector output grew 7.9% in September, but crude oil, natural gas and fertilisers continued to lag, with all three recording negative Y-o-Y growth in the first half of FY27.

FCNR(B) a strong insurance policy, but repayment risks loom: Uday Kotak

At the Business Standard BFSI Insight Summit 2026, Uday Kotak said the FCNR(B) scheme had given India three to five years to strengthen its macroeconomic and financial position