Page 2 - Economy

Strains in Australian met coal supply raise energy risks for India: Report

The Indian government and steelmakers have begun reducing reliance on Australian met coal but India needs to go further to prevent India's steel sector from being weighed down

Fitch ups India's FY26 GDP growth forecast to 7.4% on GST reforms

It said falling inflation gives the Reserve Bank of India (RBI) room for one more policy rate cut in December to 5.25 per cent, following 100 bp of cuts in 2025 so far

Datanomics: Trade, energy and defence in focus as Putin visits India

With oil imports down and arms reliance shrinking, summit eyes energy security, S-400, and a $29 billion trade deficit

We should look at FDI from China with safeguards: CII President Memani

Memani said the government should fast-track disinvestment of public sector units and use this capital for some large transformational projects

PwC India sees ₹1.1 trillion shortfall in net tax collections in FY26

Following this uptick, PwC expects growth to moderate to 7 per cent in the second half, putting full-year expansion at 7.5-8 per cent

India's crude security holds as refiners pivot from sanctioned suppliers

With the November 21 deadline now past, India's Russian crude inflows are easing but not collapsing as refiners pivot to non-sanctioned suppliers, tap alternatives and benefit from soft global prices

Participate in rare-earth magnet manufacturing scheme, says Bhupender Yadav

Minister urges industry to invest in rare earth magnet manufacturing to boost green tech and EV value chains

IMF hasn't questioned GDP growth figures, says FM Nirmala Sitharaman

India got a 'C' grade only for its national accounts data because the base year used is still 2011 to 2012

Terrain changed, need to up our game to court FDI: CEA Nageswaran

Government reviewing FDI policies as net inflows stay muted; manufacturing push and policy reforms key to attracting investment

'Tobacco levy neither a new tax nor a cess': FM Nirmala Sitharaman

While the minister said the Centre had surrendered its power to levy excise duty on tobacco in 2017, excise duty did continue after GST - though at a nominal level

Talks on to make Russia-designed nuclear small modular reactors in India

The government had announced the Nuclear Energy Mission in the Union Budget 2025-26, emphasising the development and deployment of five indigenous SMRs by 2033 with an outlay of Rs 20,000 crore

Strong political push to seal FTA with India by 2025 end: EU ambassador

"No doubt, there is a strong political commitment to conclude the FTA negotiations by the end of the year," he added

Indian economy on strong footing, says Commerce Minister Piyush Goyal

Commerce minister Piyush Goyal said the economy is on a strong footing despite global turmoil, citing Q2 growth and export gains in October-November

Quality-adjusted HDI shows gaps in human development across states: CSEP

States like Kerala and Himachal Pradesh, which have high scores in traditional HDI and are praised for their success, show some of the largest gaps once quality factors are taken into consideration

DPIIT chief asks industry to make realistic demands on deregulation, safety

DPIIT secretary Amardeep Singh Bhatia urged industry to seek "realistic" regulatory relaxations, balancing ease of doing business with public safety, as panels review laws to cut compliance burden

Implementation of new labour codes likely by April 2026: Labour Minister

Labour Minister Mansukh Mandaviya said draft rules under four new labour codes will be pre-published soon, with full implementation and social security coverage expected by April 2026

As India transitions to clean energy, it must empower states for task

The success of net-zero transition depends less on national mandates and more on local innovation

Centre moves tobacco, pan masala levy Bills, seeks to retain mopup

New excise and cess proposals aim to boost central revenue as GST compensation period ends; states won't share proceeds

India's services PMI rises to 59.8 in Nov on 'historically sharp' expansion

November services PMI: Companies added more jobs in November, but the increase was mild and at a similar pace as compared to the last two months

Indian entrepreneurs need to think global to meet customer needs: Goenka

Anant Goenka optimistic on demand revival, outlines budget priorities including defense, electronics hubs, and export incentives