Page 16 - Economy

Govt may soon assess oil firms' ₹2 trillion under-recoveries: Hardeep Puri

Oil Minister Hardeep Singh Puri said state-run oil companies are facing mounting losses from frozen fuel prices amid rising crude oil costs and geopolitical tensions

Govt revises release date for annual and Q4 GDP estimates to June 7

The ministry said the change was necessitated because some "critical datasets become available only after a lag of up to two months"

Uttar Pradesh govt approves thermal power project of ₹33,000 crore

Apart from ramping up thermal power, the state government is also boosting its solar and renewable energy portfolio

India, Russia in advanced talks for critical minerals agreement: Report

New Delhi has signed critical minerals agreements with Argentina, Australia and Japan, and is in talks with Peru and Chile on broader bilateral agreements that also include critical minerals

India has ample fuel stocks, but OMC losses may hit ₹1 trillion: Puri

At the same time, the minister acknowledged growing fiscal stress from keeping retail fuel prices unchanged

Revamped survey looks to finally crack India's household income puzzle

India's first dedicated household income survey aims to fill a decades-old statistical gap, but experts warn that under-reporting, informal work and non-response could still distort the picture

PSBs' net profit rises 11% to all-time high ₹1.98 lakh cr in FY26: FinMin

Improved asset quality, healthy credit expansion and higher income contributed to improved profitability of PSBs during 2025-26, the ministry said

India's April retail inflation rises to 3.48% as food prices increase

Food inflation, measured by the All India Consumer Food Price Index (CFPI), rose to 4.20 per cent in April from 3.87 per cent in March.

Indian banks resume gold, silver imports after month-long halt over 3% levy

The resumption is expected to boost the country's gold imports, widen ‌the trade deficit and put more pressure on the rupee, which is among Asia's worst-performing currencies this year

Gold curbs to IMF loans: How India protected its forex reserves in past

PM Modi's austerity appeal recalls how India used gold curbs, NRI deposits, bonds, and IMF loans to protect forex reserves in past crises

Oil Minister Puri rules out fuel shortage as LPG production raised sharply

Oil Minister said PM Narendra Modi's austerity appeal should be taken as a wake-up call and urged to start thinking of "measures" to lessen fiscal strain from West Asia conflict

Gold imports in focus as PM Modi calls for austerity amid West Asia crisis

India's gold imports rose over 24 per cent to an all-time high of $71.98 billion in 2025-26

India declines Russian LNG under US sanctions despite energy supply crunch

The stance highlights the fine balance the world's third-biggest oil importer and consumer is seeking ‌to strike between securing energy supplies and avoiding LNG cargoes under sanctions

Govt mulling emergency measures to protect foreign-exchange reserves

Officials in the Prime Minister's Office and Finance Ministry have held discussions with the Reserve Bank of India on several measures that could be taken to limit the damage from soaring oil prices

Delhi to enjoy barrier-free toll plaza; tech to save ₹7K cr a year on ops

MLFF tenders ongoing at 108 plazas, plan to cover 700+ in 2026

Commuters rejoice, but toll plaza staffers sense doom at MLFF launch

With manual operations becoming obsolete, many of Mundka's 75 staffers await clarity

Need to measure, formalise creative economy: Mospi secy Saurabh Garg

Mospi Secretary Saurabh Garg says India's creative economy needs dedicated measurement, stronger legal frameworks and formalisation to unlock growth and integrate informal talent into the IP ecosystem

India's renewable energy industry calls for state-specific bids

Smart meters are a solution to many issues in the power sector and the use of its data should be made compulsory so that the ACS-ARR gap of discoms can be reduced further, Mishra said

Chatroom: Issues in MOOWR, incoterms and advance authorisation

Rajagopalan answers readers' SME queries related to GST, export and import-matters

FY27 CAD likely to widen amid West Asia headwinds, say economists

Economists broadly agree that this financial year is shaping up to be tougher than the last for the external account