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Industrial classification set for a makeover, in line with new-age economy

An overhaul of the National Industrial Classification framework seeks to include multiple new activities that better capture a changing economy, data from which is expected to help policymaking

OECD lifts India's FY26 growth outlook to 6.7%; S&P retains at 6.5%

OECD expects global growth to soften in the second half of 2025 as front-loaded activity fades and higher tariffs in the US and China dampen investment and trade

Core sector growth at 13-mth high of 6.3% in August on low base effect

In August 2024, ICI had declined to -1.3 per cent. For the first five months (April-August) of the current financial year, growth stood at 2.9 per cent against 4.72 per cent last year

EPFO directs zonal, regional offices to allow part payments on PF claims

EPFO has instructed offices not to reject PF settlement claims but to process part payments, with balances to be paid once full contributions are received

Tariff turbulence: Mass-market products feel the US tariff pinch

US tariff hikes choke Indian exports; apparel, textiles, auto parts and gems face slowdown as workers in NCR clusters fear job losses

EPFO launches Passbook Lite, enabling members to view PF in one place

EPFO has introduced Passbook Lite to let members view contributions, withdrawals and balance in one place, alongside reforms to ease PF transfers and speed up settlements

Edible oil prices continue to pinch pockets as food inflation rises

Retail inflation inches up to 2.07% in August; edible oils, tomatoes, and precious metals see record price rise, with Kerala topping state-wise inflation charts

India's jobless rate at 4-month low of 5.1% in August, shows PLFS data

The headline unemployment rate for people of age 15 and above in the current weekly status (CWS) terms for rural areas fell further to 4.3 per cent in August

Food prices drive WPI inflation to 4-month high of 0.52% in August

Primary food articles recorded a reduced deflation in August, led by an acceleration in the prices of wheat, milk and protein-rich items like egg, meat & fish

Govt hikes apprenticeship stipends to Rs 6,800-12,300 under new rules

Govt notifies stipend hike for apprentices, expands industry coverage under NIC 2008, promotes degree and virtual apprenticeships, and enhances inclusivity

Retail inflation rises to 2.07% in Aug as decline in food prices slows

India's CPI rose slightly in August on a low base, with rural and urban prices diverging. Economists flag benefits for consumers but risks for government finances

BS poll: Food price rise may bump up August retail inflation rate

In August last year, the retail inflation rate stood at 3.65 per cent

Shift in dependency as 83% of sole-earning women gig workers married: Study

Of the total women surveyed in Delhi NCR region, 16. 3 per cent responded as being sole earners

Madras HC sets aside EPFO circular, clears path for higher pension claims

The Madurai bench of Madras HC has struck down an EPFO circular that blocked retrospective PF trust rule changes, enabling employees of exempted firms to seek higher pensions

8th pay panel payout likely to trigger rate hike cycle in FY27: Report

Payout with sizeable arrears will hit core inflation harder, as it propels demand for goods and services overtime, and leads to an instantaneous reset of housing rents

Mospi to provide data on India's gig and platform economy in PLFS

Move seen significant as existing data fails to capture digital work's nature

Moderate impact of GST cuts on fiscal deficit; inflation may lower 50-90bps

Besides, a cut in the tax rate on nearly one-fourth of the essential and household items contained in inflation basket may lead to a moderation of 50-90 bps in retail inflation over next 12 months

GST reforms to boost competitiveness of exporters across sectors

The removal of the value threshold for GST refunds will significantly benefit small and e-commerce exporters by making even low-value shipments eligible for refunds

New-age reality check: NSO set to reboot industrial activity codes

MoSPI drafts NIC-2025 to classify emerging activities from ashwagandha farming to drone toys and digital tutoring, aligning with UN ISIC standards

Services sector growth hits 15-year high in August on robust demand

Steepest expansion since 2010 aided by strong rise in international sales, according to PMI