Page 4 - Economy

India faces crude squeeze as Russian, West Asian supplies tighten

Russian crude oil supplies to India, which set records in June and July at nearly 55 per cent of the country's total imports and bailed out Indian refiners, are under threat while West Asian supplies

India state fiscal health: Punjab has highest interest burden in FY25

The Business Standard's India State Fiscal Health Tracker is based on the RBI's 2025 Handbook of Statistics on Indian States and compares states and UTs across eight separate fiscal indicators

India state fiscal health: Delhi, Arunachal mark extremes of debt burden

Delhi has the lowest debt burden among states and Union Territories, while Arunachal Pradesh has the highest, based on FY25 Budget Estimates

India state fiscal health: Manipur leads capital outlay ranking in FY25

Business Standard's State Fiscal Health Tracker compares states and Union Territories on capital outlay as a share of total expenditure. Here's what the FY25 Budget Estimates show

India state fiscal health: Arunachal logs highest revenue surplus in FY25

Business Standard's State Fiscal Health Tracker compares states and Union Territories on revenue deficit as a share of GSDP. Here's what the FY25 Budget Estimates show

Govt says no material impact on gas consumers from revised CBG pricing

Government-funded affordability support and a wider domestic gas pool will cushion consumers from the impact of higher procurement prices paid to CBG producers

Incomplete 1991 reforms failed to foster India's industrialisation: Nayyar

Nayyar speaks about the vulnerabilities in India's reform journey and what needs to be done to realise its demographic dividend and avoid the middle-income trap

India to sustain 7% growth in FY27 despite global headwinds: FM Sitharaman

Finance Minister Nirmala Sitharaman says India can maintain its growth momentum despite geopolitical uncertainties and supply-chain disruptions

Commerce ministry meeting industry, exporters on India-US trade on Sept 1

The meeting will be chaired by Additional Secretary in the ministry Darpan Jain. He is also the country's chief negotiator for the India-US bilateral trade agreement

Weekly economy wrap: Forex reserves at record high as monsoon risk persists

Record forex reserves and stronger credit flows provided support, but uneven monsoon rains, food-price interventions and external risks kept policymakers on alert

Why India's 7% growth may not be enough for 2047 developed nation goal

India needs 9.25% growth rate to meet PM Modi's 2047 developed-nation goal, according to Ashok Lahiri, a senior official at the country's apex government-run think-tank

Finance Ministry to commence exercise for Budget 2027-28 from Oct 12

The Finance Ministry will begin preparations for Union Budget 2027-28 from October 12, with pre-Budget meetings scheduled through mid-November.

GST Council to meet on September 12, may ease blocked ITC, refund norms

The GST Council will meet on September 12 and is likely to consider easing blocked input tax credit rules, refund norms and transfer of unutilised ITC

IGL raises CNG price by Rs 3.89 per kg in Delhi as LNG costs surge

CNG will cost Rs 86.98 per kg in Delhi from August 29, with IGL citing higher imported spot LNG prices following renewed disruption around the Strait of Hormuz

Sitharaman invites global investors to manufacture, innovate in India

Addressing a high-level Business Roundtable with leading investors and business leaders in Chicago on Friday, Sitharaman highlighted India's broad-based growth, reform momentum

India state fiscal health: Delhi boasts highest own revenue share in FY25

Business Standard's State Fiscal Health Tracker compares states and Union Territories on own revenue as a share of total revenue receipts. Here's what the FY25 Budget Estimates show

India state fiscal health: Delhi records lowest fiscal deficit in FY25

Business Standard's State Fiscal Health Tracker compares states and Union Territories on gross fiscal deficit as a share of GSDP. Here's what the FY25 Budget Estimates show

CNG prices hiked by ₹3.89 per kg in Delhi-NCR, new rates effective today

In a statement, IGL said a significant portion of input gas for CNG is being met through imported LNG, whose rates in the spot or current market have seen a surge since the beginning of the West Asia

FinMin urges ministries to give realistic projections for FY28 Budget

Finance Ministry kicks off the FY28 Budget exercise, seeking realistic projections as rising subsidy costs and the West Asia crisis put pressure on government finances

India, Canada on track to reach $50 billion trade target by 2030: FM

The two countries are discussing a free trade agreement aimed at boosting bilateral trade, while also exploring a financial investment protection agreement