Economy

RBI board reviews economic capital framework ahead of surplus transfer

RBI board reviews Economic Capital Framework as part of five-year cycle, with FY25 surplus transfer expected to set a new record amid strong balance sheet gains

Exports rise 9% to $38.49 bn in April; trade deficit widens to $26.42 bn

Commerce Secretary Sunil Barthwal expressed optimism, saying he hopes India will continue to sustain the current export momentum

India's retaliatory tariff proposal to feature in trade talks with US

India to discuss proposed retaliatory tariffs on US goods during trade talks starting May 17, amid efforts to finalise a broader bilateral trade agreement targeting $500 billion by 2030

Rupee weakens on importers' demand amid decline in the dollar index

The rupee closed at 85.55 against the dollar on Thursday amid oil importer demand, while RBI bond purchases and soft crude prices supported market sentiment

India-US trade pact talks moving forward smoothly: Commerce Secretary

India and the US are making steady progress on a bilateral trade deal, with high-level talks scheduled in Washington as both nations explore early wins and deeper economic cooperation

US tariffs may pressure FY26 margins, warns Arvind Ltd, delays capex plans

Arvind warns its FY26 margins may be affected by US tariffs; pauses non-essential capex and awaits clarity. Exports remain strong, with demand rising and UK FTA offering new growth potential

Jaishankar counters Trump's 'zero tariff' claim, says talks still ongoing

External Affairs Minister S Jaishankar responds to US President Donald Trump's 'zero tariff' claim, stating that India-US trade talks are ongoing, complex, and far from final

Datanomics: Pakistan's defence expenditure exceed its IMF bailouts

In 2024, the country received $1 billion under an Extended Fund Facility (EFF) worth $7 billion approved for disbursal over 37 months. The same year, it shelled out $10.2 billion in defence spends

Creditors recover record ₹67,000 crore via IBC in FY25, up 42% from FY24

Creditors recovered ₹67000 crore through IBC in FY25 a 42% jump from FY24 aided by record corporate resolutions and higher NCLT capacity after new appointments

Trump says India offered a trade deal with 'zero tariffs' on US goods

Trump claimed that India was offering 'no tariffs' on US exports, but did not elaborate on the trade deal

India-Pakistan tensions: Back home, border area workers wait and watch

With tensions now subsiding since the ceasefire between the two countries on May 10, those still posted there are breathing a sigh of relief after an anxious period punctuated by blackouts and sirens

WPI inflation falls to 13-month low in April as food, fuel become cheaper

The sharpest vegetable price fall since October 2023 and a broad-based slowdown in fuel and manufactured goods inflation pulled WPI to its lowest level in over a year

Three RBI rate cuts likely from June as inflation dips below 4% target

With inflation staying under RBI's 4% target for two months, economists expect three back-to-back repo rate cuts, starting with a 25 bps reduction in June

Indian entities committed FDI worth $6 mn in Azerbaijan & Turkiye in April

India's outbound FDI increased by nearly 90 per cent annually to $6.8 billion in April, led by Tata Communications, Life Insurance Company and JSW Neo Energy

Govt to release first monthly labour force data for April 2025 this month

Besides, PLFS' quarterly numbers will now be brought out separately for rural, urban as well as the combined figures for rural and urban areas, according to a ministry statement

IMF to hold virtual talks on Pakistan's budget amid security concerns

The International Monetary Fund will on Wednesday hold virtual discussions on Pakistan's upcoming budget as the visit of its mission to Islamabad was delayed due to security concerns in the region.

India's wholesale inflation drops sharply to 0.85% in April on fuel prices

April 2025 WPI-based inflation: Oil prices fell by 3.95%, electricity prices dropped by 1.38%, while coal prices rose slightly by 0.22%

India's trade relations with Turkey, Azerbaijan hit amid Pakistan conflict

Following their support to Pakistan, calls for Turkish goods and tourism have surfaced across the country

Coal imports in April-February fall 9.2% on higher domestic output

India's coal imports declined to 220.3 mt in April-February FY25 amid a rise in domestic output, saving $6.93 billion in forex and reducing dependence on imports

Amid India-Pak tension, apple growers demand ban on imports from Turkey

India annually imports around 300,000-500,000 tonnes of apples from nearly 40 countries across the globe, and Turkiye is one of them