Page 9 - Economy & Policy News

CPSEs achieve 51% of FY27 capital expenditure target in first half

Spending led by Railways and NHAI rises 12% YoY in April-September, though September outlays slide 17%

Job-seeking, working grads' share in labour market at 5-yr low in Sep

India's graduate labour participation rate fell to a five-year low in September as the educated population grew faster than employment, while fewer graduates actively sought jobs

Datanomics: Tax collections dip in August as direct tax receipts fall

Central tax collections rose 6.5% in April-August, trailing the 9% FY27 Budget target, as major tax receipts declined sharply in August.

GST Council to take up far reaching compliance reforms at Thursday meeting

The GST Council is expected to consider simpler compliance, faster refunds and changes to prosecution and arrest rules, with no major rate changes likely at the meeting

'India-US trade breakthrough unlikely soon; narrow interim deal possible'

BMI says market access, agriculture and Russian oil remain obstacles to an India-US deal, with a narrow pact likely to offer modest gains and ease policy uncertainty

Govt unveils 2026-30 roadmap to measure value of India's natural wealth

Mospi's 2026-2030 strategy prioritises forests, water, minerals and pollination services, aiming to improve environmental accounts and their relevance to policymaking

RBI may hike interest rate further in December policy, say experts

The RBI's shift to a calibrated tightening stance and a 25-basis-point repo rate hike to 5.5 per cent have led economists to expect another increase of up to 50 basis points in December

Reliance drives India's Venezuela oil imports to seven-year high in Oct

Venezuelan crude deliveries to India are expected to more than double to about 465,000 barrels a day this month, from 196,000 in September, according to Kpler estimate

FX reserves fall for fourth week, down $50 billion from September peak

The reserves have dropped from their recent peak of $785.71 billion on September 4, a decline of about $50 billion in less than a ‌month

Digital credit push for micro firms as govt asks banks to step up lending

Banks have been asked to strengthen end-to-end digital lending and widen access to UPI credit lines as the government pushes deeper financial inclusion

Piyush Goyal invites US firms to explore investment opportunities in India

He met President and COO of Blackstone Jonathan Gray, and Chairman of Blackstone's International Private Equity business Prakash Melwani

Coming soon: Faceless assessment for businesses with CGST registrations

Move aims to address a key administrative problem faced by large businesses with operations spread across multiple locations

Proposed GST changes aim to make India's services exports more competitive

Proposed changes seek to widen the definition of services exports, ease rules around overseas branches and allow faster GST refunds through a risk-based mechanism

India sets up unified transport authority to reshape infra planning

The ITLA will function as the apex body for integrated transport and logistics planning, research, project appraisal and monitoring, policy support and data analytics

India services PMI rises to 55.2 in September amid demand recovery

India's services sector growth rose to a three-month high in September as new orders and international demand improved, while input-cost pressures eased to a 10-month low

World Bank lifts India FY27 growth view to 7.1% on robust domestic demand

World Bank raises India's FY27 growth forecast to 7.1 per cent from 6.6 per cent but flags risks from high oil prices, El Niño and capital flow volatility

Union Cabinet approves ₹10,000 crore commitment to SME Growth Fund

The fund will provide growth capital to SMEs seeking to expand capacity, adopt technology, enter global markets, make acquisitions and join global value chains

Flexi staffing employment rises 2.6% in Q1FY27, manufacturing leads

India's formal flexi staffing workforce reached 1.95 million in Q1FY27, up 7.5 per cent year-on-year, as manufacturing and consumer-facing sectors drove hiring

Centre expands permissible works under VB-G RAM G by 41% over MGNREGA

The Centre has raised permissible works under VB-G RAM G to 375 from 266 under MGNREGA, adding a dedicated category for extreme weather and disaster preparedness

India's manufacturing sentiment improved in Q2FY27, shows Ficci Survey

India's manufacturing sentiment improved in Q2 FY27 with capacity utilisation rising to 75% and 95% units noting steady or higher output, says Ficci survey