Page 20 - Economy

India imported record crude volumes in June despite West Asia tensions

Russian crude imports rose to around 2.6 million bpd during the month, reinforcing Russia's position as India's largest oil supplier

Manufacturing PMI falls to 54.2 in June as factory growth loses steam

HSBC India Manufacturing PMI slipped from 55.0 in May, with output, new orders, exports and employment expanding at a slower pace

Nine years of GST: How one tax reshaped India's indirect tax system

Nine years after replacing a maze of indirect taxes, GST has unified India's tax system, expanded the taxpayer base and digitised compliance, even as key reforms remain unfinished

Nayara cuts petrol price by ₹5 a litre, diesel by ₹3 as global rates ease

The revised rates have come into effect at all of Nayara's more than 7,000 fuel stations across the country

OMCs cut commercial LPG prices by ₹183.50 as fuel supplies stabilise

Commercial LPG prices have been reduced by ₹183.50 as fuel supplies improve after the West Asia crisis, but there is no change in domestic LPG cylinder prices

GST at 9: Why easier return filing has not meant simpler compliance

Automation has transformed GST compliance, but businesses say the challenge has shifted from filing returns to managing reconciliations, vendor compliance, portal changes, and system-generated notices

Purvanchal steps up on development journey with infra push, policy reforms

At Uttar Pradesh Excise Minister Nitin Agarwal said that eastern Uttar Pradesh had moved beyond its traditional identity to become a key contributor to the state's economic growth

US-Iran deal has shifted risk balance 'favourably': RBI's report

Fx volatility may rise if oil prices spike due to supply chain risks

India's unemployment rate hit 8-year low in 2025, shows NSO data

But urban female joblessness rose sharply in several states

PM Modi meets secretaries, discusses 'ease of doing' business reforms

Focus on two key themes: Deregulation and ease of living; promoting aatmanirbharta

India's fiscal deficit rose 12-fold to ₹1.62 trillion in April-May

Within tax revenue, the government's excise duty collections fell nearly 20 per cent to Rs 2.12 trillion in April-May

Japan PM's India visit: Northeast high on agenda during Modi-Takaichi talks

Prime Ministers Narendra Modi and Sanae Takaichi are expected to discuss investments, supply chains, semiconductors, energy security and Northeast India during delegation-level talks

Inflation may remain relatively contained in coming months: FinMin report

The report said the cessation of the conflict in West Asia had also brightened the growth outlook and reduced external deficit risks

Govt plans wide-ranging reforms to modernise SEZ regime, spur investments

Proposals include allowing SEZ units to sell in the domestic market on a duty-foregone basis, accept rupee payments for services and undertake manufacturing for domestic firms

Govt hikes windfall tax on petrol, cuts levy on diesel and ATF exports

The government has lowered export duties on diesel and aviation turbine fuel while raising the levy on petrol exports as global crude oil prices continue to ease

BS Rising Purvanchal Conclave: Eastern UP economy buoyed by faith

Bhushan said it indicates that the annual tourism economy generated by tourists coming to Varanasi totals about Rs 1.25 trillion if it is assumed that a visiting family comprises four members

'East UP has unlimited potential for waste to wealth value chain'

UP Pollution Control Board Chairman Dr R P Singh said the state produces a huge amount of biomass, which was earlier dismissed as mere agricultural waste or crop residue

Sustained Hormuz disruption may crowd out pvt capex in India: Report

Extended Strait of Hormuz disruption could fuel inflation, weaken the rupee, widen the current account deficit and crowd out private investment, says report

NITI seeks visa-on-arrival, end to state entry taxes to boost tourism

Policy think tank says regulatory hurdles, not demand, are holding back tourism; proposes easier visas, GST refunds for foreign tourists and seamless interstate travel

Nine years of GST: Experts call for litigation and compliance reforms

As GST completes nine years, the Centre highlights stronger revenues and wider tax coverage, while experts seek reforms to reduce litigation, simplify compliance and ease working capital pressures