Economy

PLFS to expand coverage of platform workers and unpaid work from January

The NSO plans a separate sampling stratum for digital platform workers and new questions on unpaid household work, caregiving and labour underutilisation in the PLFS from 2027

Datanomics: Gold glitters in forex reserves, but volatility lurks

India's forex reserves fell for the fifth straight week to $726 billion, while gold's share has nearly tripled since 2019, increasing exposure to price volatility.

UP Dairy Development & Milk Products Promotion Policy, 2022: Incentives, eligibility, implementation

The policy is directed mainly at milk processing and value addition rather than conventional dairy farming alone

RBI's ₹2.5 trillion liquidity infusion sends mixed signals: SBI Research

SBI Research says the RBI's ₹2.5 trillion liquidity injection amid calibrated monetary tightening sends contradictory signals and could complicate monetary policy transmission

Govt sets rules for ₹84,084 cr offshore oil hunt, to share drilling risks

The scheme aims to cut India's heavy reliance on imported hydrocarbons

Adani Total Gas hikes CNG prices by ₹4.45/kg amid rising procurement costs

CNG at ATGL outlets in Ahmedabad now costs ₹98.47 per kg, while it is priced at ₹102.60 per kg in Faridabad, Haryana and ₹100 per kg in Jalandhar

Oil India discovers natural gas in shallow Krishna-Godavari waters

The discovery was made in the previously unappraised Matsyapuri formation in the Krishna-Godavari Basin off India's east coast, recording a peak test flow of 200,000 SCMD

India private sector growth hits four-month high in Oct: HSBC flash PMI

The composite output index rose to 56.7 from 55.9 in September, while services activity strengthened and export orders recorded their fastest rise in six months

US crude stays costly for India despite Rubio push; Venezuela offers value

Refiners say record freight rates and crude quality make US barrels less attractive, while discounted Venezuelan oil offers better economics but remains supply-constrained

Silver inflows likely to rebound as import curbs eased for Diwali

Fresh import permits are set to ease India's silver supply constraints and premiums ahead of Diwali, though demand is expected to trail last year's levels

India-EU FTA may be operational in January-March, says Piyush Goyal

Commerce Minister Piyush Goyal said the India-EU trade pact would be signed by the end of 2026, while warning that European regulations and tariffs could hurt trade

Govt 'grappling' with old-age protection for gig workers: Official

A government official said designing old-age protection for gig and platform workers remains a challenge, particularly over mandatory contributions and pension scheme structures.

GST registration for small e-commerce sellers to begin from November 1

The simplified GST registration facility will allow small e-commerce sellers to expand across states without setting up physical offices, with detailed notifications expected soon

Indian Bank raises special term deposit rates by 15 bps from October 23

Indian Bank has raised rates on its 555-day Ind Grow and 777-day Ind Prosper deposit schemes by 15 basis points each, following the RBI's October repo rate increase.

GSTN adds two e-invoicing categories for reverse charge purchases

The new RCM-DOM and RCM-IMP categories will allow eligible businesses to generate e-invoices for specified domestic purchases and imported services under reverse charge rules

India permits 6,500 tonnes of silver imports despite weak demand

India has permitted imports of around 6,500 metric tons of silver over six months despite weak domestic demand, a move expected to ease local premiums while supporting global prices.

Coal gasification could help India avoid ₹1.96 trillion imports: A&M

Domestic production of gasification-linked products could reduce imports of natural gas, urea, ammonia and methanol while supporting new industrial clusters and jobs

India's West Asia oil imports hit pre-war levels; Russian crude falls

India's West Asia crude imports rose to 2.8 mn barrels per day in September, accounting for 54% of purchases, while Russian oil imports fell 14% month-on-month to 1.8 million bpd, ship data showed

Uttar Pradesh Startup Policy 2020 (First Amendment-2022): Incentives, eligibility and implementation

The policy superseded the startup-related provisions of the Uttar Pradesh IT and Startup Policy, 2016 and the Uttar Pradesh IT and Startup Policy, 2017-22

Rubio, Mukesh Ambani discuss energy, technology partnerships at Jamnagar

US Secretary of State Marco Rubio toured Reliance's Jamnagar refinery and discussed energy supplies, technology, data centres and potential commercial partnerships with Mukesh Ambani.