Economy

India's forex reserves jump to near three-month high of $692.9 billion

Reserves jumped nearly $10.5 billion compared to the previous week, in ‌their biggest surge since the week ended January 30

India's services PMI falls to 4-year low in July amid weaker demand

Softer demand, fierce competition and postponed orders slowed services activity, though export orders, employment and profit margins showed some improvement during the month

Services PMI falls to 53.3 in July, slowest growth in nearly 4.5 years

India's services sector expanded in July, but activity and new business grew at their weakest pace since early 2022, even as exports and hiring remained resilient

₹4,687 crore interest subsidy approved for ethanol projects: Govt

The government has approved ₹4,687 crore in interest subsidies for ethanol projects and released ₹2,075 crore to Nabard since FY23 to support capacity expansion

Centre auctions 6 coal blocks; mines to generate nearly ₹2,000 cr annually

Six coal blocks auctioned under commercial mining rounds are expected to generate ₹1,983 crore annual revenue, attract investment and create over 15,000 jobs

1991 marked a paradigm shift in industrial, trade policy: Jairam Ramesh

Jairam Ramesh says the 1991 reforms transformed India's economy, but reviving private investment is now the country's biggest economic policy challenge

Reit, Invit investors to regain dividend tax break; SPV surcharge will rise

The government proposes restoring tax-free REIT and InvIT dividends while raising the surcharge on SPVs to keep the changes revenue-neutral

Bumper moong harvest revives Madhya Pradesh's farm procurement challenge

Farmers forced the state to raise summer moong procurement coverage to nearly 60 per cent as a bumper harvest, falling prices and limited buying avenues revived an old agricultural crisis

Tax Bill proposes easier norms for data centres, incentives for electronics

Proposed amendments seek to simplify tax rules for data centres, improve ease of doing business and provide long-term certainty for electronics manufacturers and cloud firms

IMF estimates Indian economy will hit $5 trillion in FY29: FM Sitharaman

India is on track to become a $5-trillion economy by FY29, with the government betting on manufacturing, infrastructure, MSMEs and reforms to sustain growth

MPC meet: RBI may join global central banks on status quo bandwagon

All eyes on whether the policy tone turns less dovish

AI chipping away at India's outsourcing edge, says World Bank

MNCs, globally-linked firms hiring at a much slower pace than domestic peers as GenAI starts reshaping South Asia's labour market

Sitharaman tables Tax amendment Bill to ease rules for funds, data centres

Finance ministry says Bill aims to provide stable and predictable tax treatment, simplify compliance, and make India more attractive for global investment and manufacturing

India's transmission grid beat back summer surge, but capacity risks remain

Investments in transmission capacity, digital systems, grid-stability technology helped India manage record summer demand, though experts warn that generation reserves, distribution remain weak links

Expedite wastewater treatment projects in cities, panel tells MoHUA

Only 17% of sewerage and septage projects under AMRUT 2.0 completed: Panel

HFIs show sustained economic activity, domestic demand in Q1: Chaudhary

Finance MoS Pankaj Chaudhary said improving industrial output, moderate inflation and resilient domestic demand support growth despite global uncertainty and monsoon risks.

NITI's state-led emigration roadmap faces questions over law, execution

Experts back stronger state participation in overseas skilling, worker support. Emigration remains a Central topic, requiring clear legal boundaries, institutional capacity, Centre-state coordination

India currently faces 9 WTO disputes over sugar subsidies, ICT tariffs, PLI

Commerce MoS Jitin Prasada said India is defending nine WTO disputes involving sugar subsidies, ICT tariffs and PLI schemes, with appeals pending in several cases.

Govt to continue fiscal measures to mitigate future fuel price volatility

Finance MoS Pankaj Chaudhary said the Centre will balance fiscal support with sustainability while strengthening energy security and adhering to the fiscal consolidation path

Uttar Pradesh Aerospace and Defence Unit and Employment Promotion Policy, 2024

The policy seeks to attract aerospace and defence investment to Uttar Pradesh through land, capital, logistics and infrastructure support