Economy

Fair case for rupee to appreciate from current levels: RBI's Poonam Gupta

RBI Deputy Governor Poonam Gupta sees a case for rupee appreciation as the current account deficit shrinks and capital flows improve, potentially later this financial year.

Farm growth post-2015 more broad-based, technology-driven: Report

Growth averaged 4.5% post 2015 compared to 3 per cent between 1967-1995 and 1996-2014

Private business activity rebounds to 3-month high in Sep, PMI shows

India's private sector activity rose to a three-month high in September as manufacturing and services output improved, while new orders and hiring also gained momentum

Global agencies raise India's FY27 growth outlook, see RBI rate hikes

Economists said revisions to GDP growth projections by these institutions were expected as the print for the June quarter was better than expected

India must cut import dependence, make goods competitively at home: Mishra

PM's Principal Secretary flags risks from fragmented global alliances, vulnerable supply chains and rising trade barriers, while calling for stronger manufacturing

Measure carefully: The wrong metric can distort business strategy

Business metrics can become counterproductive when underlying economics change, making it essential for leaders to periodically reassess whether measures still encourage the right behaviour

Govt cuts import duties on palm, soya and sunflower oils to curb prices

The government has cut import duties on crude palm and soya oils to 5 per cent and crude sunflower oil to zero, with lower rates on refined oils taking effect on September 24

Industry seeks ITC use for reverse-charge GST ahead of Oct 7 Council meet

Businesses want the GST Council to allow accumulated input tax credit to pay reverse-charge liabilities, saying the cash-payment requirement blocks working capital

US LPG supplies to India crash on UAE inroads, premiums near record

US share of India's LPG imports has fallen to 16% in September as UAE supplies surge, while delivered LPG premiums have rebounded to nearly $450 per tonne

Ayodhya Deepotsav to include ideas from youth; 2,100-drone show planned

Uttar Pradesh plans to light around 3 million diyas at Deepotsav 2026 and invite public suggestions through the MyGov portal, with young people involved in preparations

After Moody's, S&P, Fitch, others raise FY27 India GDP growth projections

According to Fitch, India's economic momentum is likely to moderate over the remaining fiscal year, prompting the Reserve Bank of India (RBI) to increase interest rates by 0.25 per cent

OECD raises India's GDP growth forecast to 7.1% citing resilient demand

OECD said structural policy reforms that enhance the ability of economies to cope with supply side disruptions are also a key priority for governments at the current juncture

OMCs face ₹530 crore daily fuel losses as crude prices surge: Icra

Crude oil prices have risen sharply in recent weeks amid escalating geopolitical tensions and supply disruptions in West Asia

RBI absorbs ₹75,026 cr via overnight VRRR auction amid surplus liquidity

The RBI has been conducting various VRRR auctions since last month to absorb excess liquidity from the banking system and align overnight money market rates to the repo rate

ADB raises India FY27 growth forecast to 7%, cuts FY28 estimate to 7.1%

ADB raised India's FY27 growth forecast to 7 per cent from 6.6 per cent on strong investment and services exports, while cutting its FY28 estimate to 7.1 per cent from 7.3 per cent

ADB raises India's FY27 GDP growth forecast to 7% on strong Q1 growth

The ADB's latest projection marks an upward revision of 0.4 percentage points from its July forecast of 6.6 per cent for FY2027

India flash PMI rises to 56.5 in September as manufacturing strengthens

India's private sector growth strengthened in September, with the HSBC Flash Composite PMI rising to 56.5 from 54.3 in August, led by manufacturing

S&P raises India FY27 GDP growth forecast to 7%, sees 25 bps RBI rate hike

In its Economic Activity for Asia Pacific report, S&P estimates consumer inflation to average 5.1 per cent in FY27

Uttar Pradesh Global Capability Centres Policy, 2024: Key features, incentives, and eligibility

The policy provides financial and administrative support to companies establishing Global Capability Centres in Uttar Pradesh

Govt job portal vacancies plunge 62% in June, fall to 30-month low

Current vacancies on the National Career Service portal fell to 196,773 in June from 517,431 in May, even as the number of active employers more than doubled