Page 113 - Economy

India set to attract investments worth ₹8 trillion in coming years: Sonowal

The statement said the government's flagship 'Sagarmala' programme is driving this change with 840 projects worth Rs 5.8 trillion under implementation by 2035

Rupee gains as dollar weakens on expectation of rate cut by US Fed

The dollar index declined 0.3 per cent on Tuesday, supporting a rally in most Asian currencies, including the rupee

Govt extends UPS option for staff who joined April-August 2025 till Sept 30

The Finance Ministry said central staff who joined service between April 1 and August 31, 2025 can now opt for UPS instead of NPS, with flexibility to return later if they wish

GST rejig: No input tax credit for insurers on brokerage, CBIC clarifies

The CBIC has clarified that taxes paid on inputs like brokerage and commission for individual life or health insurance policies cannot be claimed as ITC

From space to drones, PM Modi-era will be known for deep-tech forays

The confluence of technology, nationalism and communication skills of PM Modi can be appreciated from his interventions during emergencies

MEIL secures bid for India's first private strategic petroleum reserve

Megha Engineering & Infrastructures Ltd won the mandate to build and operate a 2.5 million metric tonne strategic petroleum reserves at Padur, Karnataka

India coming to the negotiation table: Peter Navarro ahead of meeting

Peter Navarro's remarks come as the trade talks between India and the US are gaining momentum, with the US chief negotiator visiting India for a day-long meeting

India's LNG demand drops in 2025 as buyers await supply wave, price drop

Purchases slowed as elevated spot prices made LNG less competitive against alternative fuels, while monsoon rains brought cooler weather and reduced power demand

US plan to slap tariffs on India and China risks global trade backlash

Since India has none of China's bargaining chips, Trump has found it easy to target it for buying discounted Russian oil, a threat of further punishment, however, could backfire

Govt extends ITR filing deadline for AY 2025-26 by a day to Sept 16

The e-filing portal will remain in maintenance mode from 12:00 am to 2:30 am on September 16, 2025

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

No interest on capital goods cleared into DTA after use in bonded warehouse

Manufacturing in bonded warehouses is covered under Section 65 of the Customs Act, 1962 (CA 62) and Manufacture and Other Operations in Warehouse (No. 2) Regulations, 2019 (MOOWR)

Wagon buying chugs along at slow pace: Target falls short by 40% in FY26

As of July, the Ministry of Railways has managed to procure around 6,703 wagons from the private and public sector undertakings, 5,300 short of its four-month target of 12,000 wagons.

A metal-petal: How Navi Mumbai airport mimics a lotus, carries a legacy

Rising from reclaimed wetlands, Navi Mumbai airport mirrors city's design legacy

FMCG retailers bag big discounts ahead of GST rate shift on September 22

FMCG majors offer 4-20% discount on a range of products, these discounts are valid until September 21

India's exports grew 6.7% in August despite Donald Trump tariffs

India's exports rose 6.7% in August to $35.1 billion despite higher US tariffs, while imports contracted 10.1% to $61.6 billion, narrowing the trade deficit to $26.3 billion

India, US back on deal table: Chief negotiator-level meeting on Tuesday

The development comes even as White House senior trade advisor Peter Navarro reiterates his criticism of India's purchase of Russian oil

In AI world, regulation must keep pace with tech: FM Nirmala Sitharaman

If technology is on a sprint, regulation should also be on a sprint. We do not want regulation that literally wipes off the technology itself, says FM