Economy

Statistics ministry expert panel seeks uniform energy data standards

The panel has recommended common end-use categories, conversion factors and product classifications to harmonise India's energy statistics and improve policy analysis

16th FC breaks with precedent, leaves out state-wise GSDP projections

Unlike its three predecessors, the Sixteenth Finance Commission has not published state-wise GSDP projections for 2026-31, citing the absence of revenue deficit grants

CPSEs meet 25% of FY27 cumulative capital expenditure target in Q1

CPSEs achieved 25% of their FY27 capex target in Q1, with spending rising 26% to ₹2.10 trillion, led by the Railway Board and NHAI

IGX benchmark gas price jumps 49% in April amid West Asia crisis

The Indian Gas Exchange's benchmark gas price index rose sharply in April as supply constraints linked to the West Asia crisis pushed up prices despite a surge in traded volumes

Women cash transfers boost savings, spending and resilience: PM-EAC paper

PM-EAC working paper finds women-centric cash transfer schemes in Maharashtra & Odisha increased savings, spending and household financial resilience while strengthening women's control over finances

Amit Shah announces formation of cooperative life insurance company

The government plans to launch a cooperative life insurance company and expand Bharat Taxi, aiming to boost financial inclusion and deepen the cooperative model in new sectors

Why Sri Lanka is now an upper-middle-income country while India isn't

Sri Lanka has re-entered the World Bank's upper-middle-income group while India remains lower-middle income because the rankings are based on per capita income, not the size of the economy

El Niño threatens India's clean energy transition, may fuel coal reliance

India forecasts coal's share in nation's generation mix will fall to 64% by 2027 and 50% over next decade, but it remains at more than 70% even after drop in thermal power production last year

Can urban mining reduce India's dependence on overseas critical minerals?

As India pushes to recover critical minerals from waste, experts say recycling can strengthen supply security. But can it cut reliance on imports and overseas mining?

Act East: Ocean diplomacy at centre of PM Narendra Modi's 3-nation tour

Modi's visit to Indonesia, Australia, and New Zealand is likely to boost trade, defence and maritime security ties

Goyal, Jaishankar and Vaishnaw to visit Brussels for TTC talks with EU

Piyush Goyal says the Trade and Technology Council dialogue will complement the recently concluded India-EU free trade agreement, while India aims to conclude the Canada FTA within six months

15 vessels carrying urea, DAP, sulphur crossed Hormuz after US-Iran truce

The official statement said that of the remaining five vessels, three are carrying urea and one is carrying ammonia. All are scheduled to leave for India in the next few days

India's native black tiger shrimp stages comeback in premium export markets

India's indigenous Black Tiger shrimp has staged a strong export comeback, driven by disease-free breeding, improved farming practices and rising demand from China and Europe

India-UK trade pact set to spur growth in both nations: UKIBC chief

UKIBC chief Kishore Jayaraman acknowledged that some obstacles and challenges may yet come along the path of CETA implementation

Weekly economy wrap: Energy relief, slower PMI, monsoon concerns mark week

Fuel curbs were withdrawn and LPG prices fell as energy pressures eased, but softer PMI readings, a wider fiscal deficit and inflation risks kept policy concerns alive

Govt withdraws emergency gas curbs as LNG supplies normalise after crisis

The ministry said the situation has since improved, with a ceasefire in place, negotiations underway and maritime traffic through the Strait of Hormuz resuming

India-UK trade pact origin rules notified ahead of July 15 rollout

The finance ministry has notified rules for determining the origin of goods under the India-UK trade pact, clearing the way for the agreement's implementation from July 15

Industry leaders back E20 rollout, say years of testing found no concerns

Industry experts defended India's E20 rollout, saying the ethanol blending programme followed years of testing and consultations, with no major concerns found by automakers and research bodies

Assam's June GST collection jumps 15%, outpaces national average growth

The GST collection in June stood at ₹1,437 crore as against ₹1,255 crore in the same month last year

India-Peru FTA unlikely soon; Canada pact may close in 6 months: Goyal

India exported goods worth $1.4 billion to Peru during the last financial year, while imports stood at $8.87 billion, resulting in a trade deficit of $7.47 billion