Page 91 - Economy

Electric, strong hybrid car sales slow down in UP as road tax returns

As there are no car manufacturing plants in UP at present, all buyers of electric and strong hybrid cars in the state now face the usual 9-11 per cent road tax

EU steel duty plan: A double whammy ahead for Indian steelmakers in 2026?

The EU's plan to halve import quotas and impose a 50 per cent tariff, combined with CBAM rollout, could deliver a double blow to Indian steelmakers next year

Jewellery, garments, marine goods bore the brunt of US duties in August

India's exports to the US contribute 34 per cent of readymade garments shipments and 39 per cent of cotton fabrics shipments

IMF raises India's FY26 GDP growth forecast by 20 basis points to 6.6%

Says strong first-quarter growth offsets US rate hike, revises global projection for 2025 upwards by 20 bps

95% respondents unwilling to share income details in NSO pre-test

A pre-test for the national household income survey finds high non-responsiveness on income, tax, and asset details, raising concerns ahead of the 2026 rollout

Inflation at 99-month low: Case for multiple repo rate cuts strengthens

RBI has kept the policy rate unchanged in the last two meeting

States, UTs borrow Rs 12,800 cr at auction, half of planned target

Higher tax devolution in October eased funding pressures for states, leading to lower-than-expected borrowing and a slight dip in yields on state government securities

EPFO launches enrolment scheme to boost social security coverage

Employers can enrol all existing employees who joined the establishment between July 1, 2017, and October 31, 2025, and who are alive and employed on the date of the declaration

Wholesale inflation eases to 0.13% in September on benign food prices

This moderation was led by a fall in the prices of primary articles (-3.32 per cent) and the continued deflationary trend in the fuel and power segment

Fixing oilseeds MSP with oil content could trim India's bulging import bill

The CACP said that the Indian Council of Agricultural Research has developed several high oil content varieties and management practices to boost oil yield in mustard and safflower

Rupee hits new closing low of 88.80 amid weak global risk sentiment

Weak global sentiment and a stronger dollar kept the rupee under pressure, prompting likely RBI intervention through state-run banks to curb excessive volatility

Datanomics: Share of govt servants in suicides remains nearly 1%

Official data show that suicides in India rose by 23 per cent over five years till 2023, with most victims being men across professions

Centre to intensify advance-level exploration of critical mineral blocks

The government is also planning to launch a single-window clearance portal for mining projects by December, which will expedite the mining project execution, including that of critical minerals

Consumers struggle to get GST rate cut benefits on food, medicines: Survey

Despite lower GST rates on most food items and medicines, many consumers report only partial or no price relief, highlighting gaps in implementation and last-mile enforcement, a recent survey said

Net direct tax haul jumps 6% to ₹11.89 trillion on personal tax filings

Higher personal income tax inflows and expanding non-corporate taxpayer base drive the rise in direct tax collections, reflecting robust domestic demand and compliance

Shiva, Schumpeter, and the Nobel: Understanding creative destruction

Hindu god Shiva's cosmic cycle of destruction mirrors Joseph Schumpeter's idea of creative destruction - a theme echoed in the 2025 Nobel Prize in Economic Sciences

Russian oil imports in Apr-Sep fell 8.4% on tighter supplies, discounts

September's volume was flat versus August at 1.6 million bpd, down 14.2 per cent from the same month a year ago, the data showed

Is India ready to embrace CPTPP after walking out of RCEP in 2019?

Six years after leaving RCEP, India faces pressure to rejoin or consider CPTPP as US tariffs disrupt exports - but core trade, dairy, and policy hurdles persist

India's wholesale inflation cools to 0.13% in Sep against 0.52% in Aug

September 2025 WPI-based inflation: The positive rate of inflation in September is primarily due to an increase in prices of manufacturing of food products

Creating quantum computing ecosystem is next big thing: Nara Lokesh

The Andhra Pradesh government will sign a pact with Google to set up a one gigawatt hyperscale data centre campus in Visakhapatnam, anchoring the $10 billion 'AI City Vizag' project