Page 14 - Economy

CBDT pushes banks, MFs to file error-free transactions by May 31

CBDT has asked banks, mutual funds and other reporting entities to ensure timely and error-free filing of Statements of Financial Transactions

Credit card spends rise 7% to ₹1.97 trillion in April 2026: RBI data

Credit card spends rose 7.06 per cent year-on-year in April 2026, driven by growth in PoS and e-commerce transactions, according to RBI data

Not a BoP but a growing price adjustment problem for India's economy

The first of a two-part series explores the underlying causes of India's balance of payments issue, and offers some solutions

Govt pushes faster mine launches, exploration amid auction momentum

The Mines Ministry has directed agencies and states to fast-track mineral exploration and operationalisation of auctioned blocks to strengthen mineral security

As Strait of Hormuz fears grow, Canada makes an energy pitch to India

With conflict in West Asia raising concerns over energy security, Canada's High Commissioner to India, Chris Cooter, says new export infrastructure could help channel oil, LNG & LPG supplies to India

Govt proposes broad revamp of industrial output index ahead of new series

India plans a major revamp of the IIP, proposing chain-linked indices, wider sectoral coverage and updated methodology to better integrate the evolving industrial economy

Credit certs are missing piece of India's carbon market: Navin Mathur

The Indian carbon market is transitioning from a policy framework to an operational framework, with the compliance market driving industrial decarbonisation, says Navin Mathur

UP logs investment proposals of nearly ₹95K cr from Asian economies

Invest UP lines up Asian capital to fuel state's trillion-dollar ambition

West Asia turmoil may dent India Inc margins by 200 bps in FY27: Crisil

The rating agency said that only eight sectors, accounting for around 10 per cent of rated corporate debt, were expected to see a material impact on credit quality

Linking CEO pay to customer happiness: Benefits and risks for Indian firms

Irdai's recommendation on linking CEO remuneration to customer grievances offers a larger lesson on rewards, governance and what companies choose to optimise

India turns net importer of finished steel in April amid rise in shipments

India imported 0.7 million tonnes of finished steel in April, overtaking exports as domestic consumption and inbound shipments increased sharply

Weekly policy watch: Forex reserves, deposits, Marco Rubio visit in focus

India's policy focus this week will be on forex reserves, banking deposit growth and high-level India-US talks amid global uncertainty and trade concerns

Petrol, diesel prices raised by up to ₹2.71; hike tops ₹7.5 within 2 weeks

Petrol prices were raised to ₹102.12 a litre in Delhi from ₹99.51 previously, while diesel rates were increased to ₹95.20 per litre from ₹92.49

VB-G RAM G draft rules: Normative funding to be also based on FC's formula

A part of the normative allocation can also be based on fixed 'performance criteria'

A tough equation: Students rethink overseas study plans amid rupee slide

Weak rupee reshapes overseas education choices as Indian students seek affordable destinations

First micro-LED screen rollout in 22 months, says Ashwini Vaishnaw

India targets semiconductor and micro-LED leadership with phased manufacturing push

Goyal's Canada visit may accelerate Cepa negotiations, deepen energy ties

Piyush Goyal's Canada visit is set to push CEPA talks forward, with energy security, clean energy and trade diversification in focus

ECLGS 5.0 finds traction as MSMEs look for buffer amid uncertainty

Banks are seeing early interest in ECLGS 5.0 as MSMEs seek extra liquidity buffers amid rising uncertainty linked to the West Asia crisis

India-US ties have not lost momentum: US Secretary of State Marco Rubio

On maiden India visit, US Secretary of State discusses energy, trade and immigration with foreign minister

Labour ministry consults industry on migrant worker welfare framework plans

The labour ministry has started consultations with industry bodies on migrant worker welfare, focusing on housing, portability of benefits and registration reforms