Page 92 - Economy

MPC Minutes: Members see scope for more rate cuts, await full impact

MPC members see room for easing as inflation cools, but hold rates steady to gauge the full impact of earlier policy steps

Mumbai's Bandra Bay to unlock ₹1 trillion in luxury real estate potential

A report projects 8 million sq ft of luxury waterfront development worth ₹1 trillion near BKC, with leading developers including Adani Realty and Hiranandani on board

Rupee hits best day since June, gain 0.7% on RBI action and global cues

The rupee appreciated by 0.7 per cent to settle at 88.07 per dollar, against the previous close of 88.80 per dollar. The domestic currency appreciated beyond 88 per dollar mark

India keen to raise energy purchases from US for 'win-win' trade deal

"Our negotiating team is already in the US, and (they are) trying to see if we can have a win-win solution between the two sides, which can address some of these tariff issues," he told reporters

Policy space exists for further rate cut: RBI Guv at MPC meeting

During the meeting, Malhotra said the benign outlook for headline and core inflation as a result of the downward revision of projections opens up policy space to further support growth

India's exports up 6.74% in September, trade deficit stood at $32.1 bn

In April-September this fiscal, exports increased by 3.02% to $ 220.12 billion. Imports rose 4.53% to $375.11 billion, the commerce ministry data showed

Govt scraps tax exemption on imports of missile parts amid Adani prob

In September, the government said it would free up all such parts, whether for long- or short-range missiles, from import taxes, in a boost for defence companies

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