Economy & Policy News

CCEA approves ₹7,145 crore Kanpur-Kabrai greenfield highway project

The 117.7-km access-controlled corridor under the National Highways programme will cut travel time, improve freight movement and strengthen connectivity between Uttar Pradesh and Madhya Pradesh

India's power consumption grows 11.62% to 166.46 billion units in June

The country's total power consumption was 149.13 BU in June 2025

Cabinet approves ₹6,969 cr six-lane road tunnel linking key Delhi corridors

The 8.1-km tunnel will connect Dwarka Expressway with Nelson Mandela Marg, improve connectivity across Delhi and generate over 17 lakh person-days of employment

GST mop up grows 14% to ₹1.95 trillion in June on higher import revenues

Gross collections from domestic transactions were up 6.5 per cent to about ₹1.35 trillion, while import revenues rose 34.6 per cent to ₹60,038 crore

NPCI ties up with HSBC India, JP Morgan to boost overseas UPI payments

NPCI has partnered with HSBC India and JP Morgan Payments to enable real-time foreign exchange conversion and settlement for international UPI transactions, making overseas payments more transparent

Sunil Mittal honoured with Leadership Award at USISPF Leadership Summit

USISPF recognised Mittal for transforming India's telecommunications landscape through Bharti Enterprises

India imported record crude volumes in June despite West Asia tensions

Russian crude imports rose to around 2.6 million bpd during the month, reinforcing Russia's position as India's largest oil supplier

GST collections rise 13.9% in June, driven by robust import revenues

While net GST collections, after adjusting for refunds, increased to ₹1.62 trillion, gross GST collections rose to ₹1.95 trillion

Manufacturing PMI falls to 3-month low in June amid int'l demand slowdown

Output, new orders, exports and hiring lose momentum as softer demand and intense competition weigh on factory activity, though the sector remains in expansion territory

Manufacturing PMI falls to 54.2 in June as factory growth loses steam

HSBC India Manufacturing PMI slipped from 55.0 in May, with output, new orders, exports and employment expanding at a slower pace

ATF price slashed by ₹5/litre to ₹110 as global oil prices soften

This is the first reduction since the West Asia crisis led to a spike in jet fuel rates to a record high

Nine years of GST: How one tax reshaped India's indirect tax system

Nine years after replacing a maze of indirect taxes, GST has unified India's tax system, expanded the taxpayer base and digitised compliance, even as key reforms remain unfinished

Nayara cuts petrol price by ₹5 a litre, diesel by ₹3 as global rates ease

The revised rates have come into effect at all of Nayara's more than 7,000 fuel stations across the country

OMCs cut commercial LPG prices by ₹183.50 as fuel supplies stabilise

Commercial LPG prices have been reduced by ₹183.50 as fuel supplies improve after the West Asia crisis, but there is no change in domestic LPG cylinder prices

GST at 9: Why easier return filing has not meant simpler compliance

Automation has transformed GST compliance, but businesses say the challenge has shifted from filing returns to managing reconciliations, vendor compliance, portal changes, and system-generated notices

US-Iran deal has shifted risk balance 'favourably': RBI's report

Fx volatility may rise if oil prices spike due to supply chain risks

India's unemployment rate hit 8-year low in 2025, shows NSO data

But urban female joblessness rose sharply in several states

PM Modi meets secretaries, discusses 'ease of doing' business reforms

Focus on two key themes: Deregulation and ease of living; promoting aatmanirbharta

India's fiscal deficit rose 12-fold to ₹1.62 trillion in April-May

Within tax revenue, the government's excise duty collections fell nearly 20 per cent to Rs 2.12 trillion in April-May

Japan PM's India visit: Northeast high on agenda during Modi-Takaichi talks

Prime Ministers Narendra Modi and Sanae Takaichi are expected to discuss investments, supply chains, semiconductors, energy security and Northeast India during delegation-level talks