Economy

Gold loan delinquencies may rise under new RBI repayment norms: Icra

Organised gold loans by banks and NBFCs are expected to cross Rs 30 trillion by March 2028, while lenders adjust to revised RBI repayment and LTV norms

May ISP: 16 of 19 service sub-sectors grow; accommodation, food lead

Eight sub-sectors recorded double-digit growth, while information and broadcasting, air transport, and postal and courier services contracted year-on-year

Indian Oil Corp scouts stakes in gas carriers as it plans higher US imports

IOC would be the first Indian refiner seeking ownership of very large gas carriers

NTPC plans ₹17 trillion investment by 2037 to expand power capacity

The company is targeting 30 GW of nuclear capacity by 2047 as it steps a push into ‌nuclear ​power, with its ​eyes set on capacity of about 6 GW by 2037

Patchy rains, delayed sowing: How uneven rainfall is affecting farms

Despite recent heavy rainfall, cumulative monsoon deficits remain. Here's why the timing and distribution of rain matter as much as seasonal totals for agriculture

The reform booster shot that transformed India into pharmacy of the world

From generics to global leadership, India's pharmaceutical industry has transformed since 1991. Its next challenge is becoming a global hub for breakthrough drug innovation

ONGC okays $500 million guarantee for MRPL to import oil from Aramco

ONGC approved a $500 million guarantee for MRPL's crude imports from Aramco as India plans to source up to 25% of its 2027 LPG imports from the US

Net FDI decline due to increased repatriation by foreign investors: Govt

FDI declined in recent years, from $27.99 billion in FY23 to $6.95 billion in FY26, due to increased repatriation by foreign investors and rising Overseas Direct Investment (ODI) outflows

Macro fundamentals of Indian economy remain strong amid global challenges

The domestic financial system remains resilient, underpinned by strong bank and non-bank balance sheets, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha.

New urea policy revives self-reliance push, but demand keeps racing ahead

The Centre's new investment policy could attract up to Rs 1 trillion into urea production, but rising demand, subsidy distortions and weak private participation may keep India reliant on imports

India's industrial output growth at 23-month high of 7.3% in June

Manufacturing output growth witnessed a sharp uptick during the month, accounting for most of the improvement over May

Centre shifts export strategy, aims to give state govts bigger role

Plan comes at a time when WTO urged India to address structural challenges

ADB commits $1 bn to support sustainable growth, Indian cities' resilience

ADB also approved a USD 850-million loan to support reforms that will speed up the rollout of the Government of India's flagship rooftop solar programme

US, Japan urge India to address export restrictions in farm sector

The US and Japan urged India at the WTO to ease agricultural export restrictions, improve trade predictability and address non-tariff barriers during its Trade Policy Review

GST ITC fraud detections jump to ₹74,782 cr in FY26; cases more than double

Central tax authorities detected ITC fraud worth Rs 74,781.56 crore across 30,162 cases in FY26 as analytics, biometric checks and enforcement measures strengthened detection

Infrastructure projects see cost overrun of ₹4.92 trillion: Mospi

Infrastructure projects worth above Rs 150 crore each registered a cumulative cost overrun of around Rs 4.92 trillion, according to a monthly government report for June 2026

India faces 'stagflationary shock' amid upside risks to food prices: BMI

The Fitch Solutions unit says higher food prices could push up inflation and curb GDP growth as El Niño and West Asia tensions threaten agricultural output and input costs

Industry seeks 3-month extension for GST e-way bill changes from August 1

Trade bodies urge the finance ministry to defer GSTN's e-way bill changes, citing technology upgrades, testing needs and concerns over commercial confidentiality

No assessment on whether higher tobacco taxes hurt farmers' incomes: Govt

The government told Parliament it has no assessment on whether higher tobacco taxes hurt farmers' incomes, while citing higher exports, better prices for FCV growers and anti-tax evasion measures

Govt plans to source up to a quarter of LPG imports from US in 2027

New Delhi faced its worst ‌LPG shortage earlier this year after the Iran war and closure of the Strait of Hormuz disrupted supplies