Economy

CBDT pushes banks, MFs to file error-free transactions by May 31

CBDT has asked banks, mutual funds and other reporting entities to ensure timely and error-free filing of Statements of Financial Transactions

Crisil stress test reveals sectors facing risk, and those less affected

Crisil states 22 of the 34 sectors stress-tested could see operating profitability decline by over 10 per cent as companies may not be able to fully pass on higher costs to consumers immediately

Credit card spends rise 7% to ₹1.97 trillion in April 2026: RBI data

Credit card spends rose 7.06 per cent year-on-year in April 2026, driven by growth in PoS and e-commerce transactions, according to RBI data

ICICI Bank's shares jump 2% after RBI okays Sandeep Bakshi's reappointment

ICICI Bank shares gained after RBI approved the reappointment of Sandeep Bakshi as MD & CEO for another two years starting October 2026

Not a BoP but a growing price adjustment problem for India's economy

The first of a two-part series explores the underlying causes of India's balance of payments issue, and offers some solutions

Govt pushes faster mine launches, exploration amid auction momentum

The Mines Ministry has directed agencies and states to fast-track mineral exploration and operationalisation of auctioned blocks to strengthen mineral security

As Strait of Hormuz fears grow, Canada makes an energy pitch to India

With conflict in West Asia raising concerns over energy security, Canada's High Commissioner to India, Chris Cooter, says new export infrastructure could help channel oil, LNG & LPG supplies to India

West Asia tensions driving forex stress via crude, fertiliser, and gold: FM

Finance Minister says economy resilient amid concerns about price impact of '3 Fs: Fuel, fertiliser, foreign exchange'

Govt proposes broad revamp of industrial output index ahead of new series

India plans a major revamp of the IIP, proposing chain-linked indices, wider sectoral coverage and updated methodology to better integrate the evolving industrial economy

Credit certs are missing piece of India's carbon market: Navin Mathur

The Indian carbon market is transitioning from a policy framework to an operational framework, with the compliance market driving industrial decarbonisation, says Navin Mathur

UP logs investment proposals of nearly ₹95K cr from Asian economies

Invest UP lines up Asian capital to fuel state's trillion-dollar ambition

West Asia turmoil may dent India Inc margins by 200 bps in FY27: Crisil

The rating agency said that only eight sectors, accounting for around 10 per cent of rated corporate debt, were expected to see a material impact on credit quality

Linking CEO pay to customer happiness: Benefits and risks for Indian firms

Irdai's recommendation on linking CEO remuneration to customer grievances offers a larger lesson on rewards, governance and what companies choose to optimise

India turns to Latin America, Africa for crude oil amid West Asia crisis

In April and May, Indian refiners raised imports from Venezuela, Brazil, Angola and Nigeria to make up the shortfall, as well as continuing to buy Russian oil

India turns net importer of finished steel in April amid rise in shipments

India imported 0.7 million tonnes of finished steel in April, overtaking exports as domestic consumption and inbound shipments increased sharply

Petrol, diesel prices raised for fourth time in less than two weeks

Fuel prices were raised by ₹2.61-2.71 per litre as oil marketing companies continue to face mounting losses amid elevated global crude oil prices

Weekly policy watch: Forex reserves, deposits, Marco Rubio visit in focus

India's policy focus this week will be on forex reserves, banking deposit growth and high-level India-US talks amid global uncertainty and trade concerns

Petrol, diesel prices raised by up to ₹2.71; hike tops ₹7.5 within 2 weeks

Petrol prices were raised to ₹102.12 a litre in Delhi from ₹99.51 previously, while diesel rates were increased to ₹95.20 per litre from ₹92.49

VB-G RAM G draft rules: Normative funding to be also based on FC's formula

A part of the normative allocation can also be based on fixed 'performance criteria'

A tough equation: Students rethink overseas study plans amid rupee slide

Weak rupee reshapes overseas education choices as Indian students seek affordable destinations