Cabinet clears key road and rail projects worth Rs 7,616 crore for poll-bound Bihar
The Union Cabinet has approved two major infrastructure projects worth Rs 7,616 crore aimed at boosting connectivity and economic activity across Bihar and neighbouring states. One of the key approvals is the construction of a four-lane greenfield access-controlled highway between…
Reforms set to boost consumption, won’t hit fiscal numbers: Moody’s
New Delhi: The recently announced Goods and services tax (GST) reforms will boost private consumption and support economic growth of India at a time when the country is facing pressure from high US tariffs, rating agency Moody’s said Tuesday. The…
Big relief! Govt allows manufacturers to revise MRP on unsold stock due to GST rate changes
India’s Department of Consumer Affairs on Tuesday allowed manufacturers to revise MRP on unsold stock due to GST rate revsion. The move is set to provide huge relief to consumers and the companies. Manufacturers, packers, and importers of pre-packaged commodities…
India amends export policy for some animal by-products
The government on Monday revised the export policy for certain animal by-products to align with specific European Union (EU) regulations. These products include dog or cat food meant for retail sale, compounded animal feed, and concentrates for compound animal feed….
FM Sitharaman has a message of hope for exporters hit by Trump tariffs
The Indian government is working on a comprehensive package to support Indian exporters impacted by a steep 50 per cent tariff imposed by the US, Finance Minister Nirmala Sitharaman has said, asserting a multi-departmental engagement is underway to assess the…
ET Graphics: India, EU to hold 13th round of FTA talks in Delhi; pact likely by year-end
The 13th round of the India-EU free trade agreement (FTA) negotiations will be held in New Delhi starting Monday. European Commissioner for Trade and Economic Security, Maroš Šefcovic, is also expected to visit India later this week as both sides…
India reaffirms commitment to WTO-centred, fair trade system at SCO Trade Ministers’ Meeting
India stressed the scope to leverage the Shanghai Cooperation Organisation’s (SCO) collective strengths for shared prosperity at the SCO Trade Ministers’ Meeting held in Vladivostok and highlighted the need for export diversification, reducing dependency, and building resilient supply chains, the…
GST reforms could add Rs 20 lakh crore to GDP: Ashwini Vaishnaw
Rationalisation of GST rates along with Income Tax relief in the 2025-26 Budget will take India’s economy “to another level”, Union minister Ashwini Vaishnaw said on Saturday, stressing that reforms in indirect taxation are unrelated to US tariffs. “The preparation…
GST reforms got nothing to do with any external factors: Ashwini Vaishnaw
Works for the recently-unveiled next-generation GST reforms had started around one-and-a-half years ago, and it has nothing to do with any external factors, Union minister and BJP leader Ashwini Vaishnaw told reporters on Saturday while addressing a press conference from…
Bill to replace tobacco cess with new levy in winter session
The Centre may introduce a bill in the winter session of Parliament to impose a levy on tobacco and tobacco products that would replace the goods and services tax (GST) compensation cess on such sin goods, said people familiar with…
GST Diwali Dhamaka has a catch, but govt is watching
The government is keenly monitoring businesses and industry to ensure that the GST rate cuts, effective from September 22, first day of Navratri, reach the common person. A day after the sweeping reforms in the GST, Prime Minister Narendra Modi…
Industry must pass on GST gains to buyers: Piyush Goyal
Commerce and industry minister Piyush Goyal said he has asked industry to pass on the benefits of lower goods and services tax (GST) to consumers and the industry has committed to do so.GST reform, he said, will give additional tailwinds…
GST rate cuts will improve affordability and give a fillip to consumption: Morgan Stanley
Global investment bank Morgan Stanley notes that the rationalisation of the Goods and Services Tax (GST) structure, approved by the GST Council, is expected to significantly boost consumption in the coming months, coinciding with the onset of the festive season….
India’s service activity at 15-year high in August amid 49 straight months of order growth
New Delhi: India’s service activity raced to a 15-year high of 62.9 in August, from 60.5 in July, as robust demand spurred a rush of new orders, showed a private survey released on Wednesday. The HSBC India Services PMI Business…
India counting on Germany’s support to expedite trade talks with EU
Indian foreign minister Subrahmanyam Jaishankar told his German counterpart Johann Wadephul on Wednesday that New Delhi is counting on Germany’s support to deepen its relationship with the European Union and expedite their free trade pact talks. Wadephul is on a…
Yellow pea imports hit prices; government urges import curbs
The Ministry of Consumer Affairs, Food & Public Distribution has written to the Ministry of Commerce advising it to restrict the duty-free import of yellow peas, said a senior official with knowledge of the matter. Duty-free imports of yellow peas…
India’s August palm oil imports surge 16% to 13-month high ahead of festive season
India’s palm oil imports surged in August to a 13-month high, as competitive pricing relative to soyoil prompted refiners to ramp up purchases ahead of the festive season, according to five dealers. Higher palm oil imports by India, the world’s…
Power demand heats up in August despite monsoon chills
August saw a 4.3% year-on-year increase in power demand to about 150.5 billion units despite torrential rains lowering cooling requirement in the country. A government official attributed the increase to a lower base. “There was subdued demand in August 2024,”…
India’s factory growth hits more than 17-year high in August, PMI shows
India’s manufacturing activity expanded at its fastest pace in more than 17 years in August as production accelerated amid strong demand, which added to inflationary pressures, a survey showed on Monday. Asia’s third-largest economy grew at a stronger-than-expected 7.8% in…
Indian steelmakers urge government for minimum import price amid global slump
Domestic steelmakers have urged the government to impose a minimum import price, seeking further support as prices remain under pressure despite a 12% interim safeguard duty. The levy is inadequate amid falling global prices, said industry executives. The move comes…
India pushes rice exports to Philippines, world’s largest importer of the grain
India is pushing rice exports to the world’s largest importer of the commodity — the Philippines — and to tap the opportunity, a large delegation of leading exporters will visit the Southeast Asian nation next month, an official said. The…
Govt issues notification for fast pacing 100% FDI in insurance
The finance ministry has issued a notification paving the way for quick implementation of 100% foreign investment in the insurance sector once it receives parliament approval. As per the notification, the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2025, seek…
Govt should consider Rs 2,500 cr to exporters for participation in global exhibitions: GTRI
Expressing concern over decline in export promotion funding, economic think tank GTRI said on Saturday said the government should consider allocating Rs 2,500 crore for exporters to participate in global exhibitions under the Market Access Initiative (MAI), which has not…
GST reforms, festive season may spur demand: CEA V Anantha Nageswaran
The onset of the festive season and the proposed goods and services tax (GST) reforms could boost domestic demand in the coming quarters, chief economic advisor V Anantha Nageswaran said on Friday. However, short-term risks to economic activity-especially exports and…
India taking steps to diversify exports hit by ‘unilateral action’ of a country: Piyush Goyal
India is taking steps to diversify its exports and boost domestic demand to support exporters hit by “unilateral action” taken by a country, Union Trade Minister Piyush Goyal said on Friday. It was Goyal’s first public comment since the doubling…
ET Graphics | Earnings up, some states lead
Factory jobs are paying better, with the average pay per person rising by 28.9% — from Rs 2.8 lakh in 2018–19 to Rs 3.7 lakh in 2023–24. Across states and UTs, Sikkim leads with an average pay of Rs 7.1…
US tariffs on India: Barclays sees 70% of shipments to be ‘under serious threat’
The additional 25% US tariffs, which came into effect on Wednesday, have sent Indian exporters and a lot executives in a shockwave. Now, Barclays has cautioned that nearly 70% of India’s merchandise exports to the United States face a “serious…
India may weave in 40 nations to diversify its textile exports
New Delhi: India is working on dedicated outreach programmes in 40 countries, including the UK, UAE, Russia, Japan and South Korea, to push textiles exports as punitive US tariffs take effect. New Delhi aims to participate in international exhibitions, trade…
US tariff shock to hit West Bengal’s labour-intensive leather, marine, engineering exports
The additional 25 per cent tariff imposed by US President Donald Trump on India is set to deliver a major blow to West Bengal’s export-driven economy, with the state’s labour-intensive leather, engineering and marine sectors expecting losses ahead of the…
Duty impact to be passed on to US buyers, says marine industry
The Indian seafood industry, which is the largest exporter of shrimp and other seafood to the US, has decided that it will not be able to absorb the 50% increase in tariffs. Although the export shipments have stopped since last…
India’s labour intensive sectors brace for 70% export collapse as US goes ahead with 50% tariffs: GTRI
The exports of the labour intensive sectors in the country brace for a collapse of up to 70 per cent as US tariffs set to take effect, according to a report by the Global Trade Research Initiative (GTRI). The new…
CBDT to simplify ITR forms to match new law
New Delhi: The Income Tax Department will revamp income tax return (ITR) forms, making the language simpler and enhancing the ease of filing returns in alignment with the new income tax law which will kick in from April 1, 2026….
UP government bans the use of 11 pesticides damaging India’s rice quality
New Delhi [India], August 25 (ANI): The Uttar Pradesh government is enforcing a fresh ban on the use of eleven pesticides that damage India’s basmati rice quality and block its entry into key foreign markets. The ban is effective from…
ET World Leaders Forum: ET World Leaders Forum: Tariffs trigger economic uncertainty, will weigh on global growth, markets
US trade tariffs will weigh on global growth and equity markets, as a prolonged tariff agenda would force businesses to rethink supply chains, global investment experts Ritu Arora, Christopher Wood and David Steinbach said. At a panel discussion on ‘Capital…
CII releases landmark report on “Policies for a Competitive India” with over 250 reform recommendations
The Confederation of Indian Industry (CII) on Sunday unveiled its flagship policy blueprint “Policies for a Competitive India”, setting out a comprehensive reform roadmap to accelerate India’s transformation into a globally competitive economy. The report presents over 250 actionable recommendations…
India negotiating FTAs with EU, US, Chile, Peru: Piyush Goyal
India is negotiating free trade agreements (FTAs) with several countries, including the European Union, the US, Chile, and Peru, Commerce and Industry Minister Piyush Goyal said on Saturday. He said the world is looking at India, and several developed economies…
Government may announce 2-3 small semiconductor projects: MeitY
The Ministry of Electronics and Information Technology (MEITY) announced on Friday that the government may unveil two to three small semiconductor projects in the coming period, as the nation’s ambitious semiconductor manufacturing program gains momentum. Secretary S Krishnan, responding to…
GST Council to hold 56th meeting on September 3-4 in New Delhi
The Goods and Services Tax (GST) Council will hold its 56th meeting on September 3 and 4, 2025, in New Delhi. The meeting will begin at 11 am on both days, according to a communication issued to members. Ahead of…
Is India the lever that keeps China in check for Washington?
Not all partnerships in global strategy carry the same weight. Some are useful, others indispensable. Former US Ambassador to the UN Nikki Haley believes India falls firmly in the latter category. In a Newsweek column, Haley warned that a breakdown…
Goods exports to China rise 20% to $5.8 billion during April-July
New Delhi: India’s goods exports to China in the first four months of FY26 rose 20% year on year at $5.76 billion, or about ₹50,112 crore, with each month recording higher shipment than a year earlier, official data showed. India…
India and Russia seek to increase trade to $100 billion as US ties fray
India and Russia are looking to increase their annual trade by about 50% over the next five years to reach $100 billion, seeking to reduce tariffs as both countries see mounting tensions with the US, a top envoy said. Indian…
Heavy rains damage vegetable, pulses crops
Farmers are expected to suffer losses as heavy rains in central and south India caused widespread damage to key kharif crops like urad and tur in pulses, soyabean, cotton and vegetables. However, prices of most vegetables have crashed by 30-40%…
China’s easing of export curbs useful, but self-reliance India’s only shield amid trade deficit: GTRI
China’s recent move to ease export restrictions on fertilizers, rare earths, and tunnel-boring machines to India is a welcome step, but self-reliance remains the only real safeguard for New Delhi against its widening trade deficit with Beijing, the Global Trade…
BVFCL signs five-year fertilizer export agreement with Bhutan’s National Seed Centre
Guwahati: Brahmaputra Valley Fertilizer Corporation Limited (BVFCL), a Government of India undertaking under the Ministry of Chemicals and Fertilizers, has signed a five-year Business-to-Business (B2B) agreement with the National Seed Centre (NSC), Ministry of Agriculture and Livestock, Royal Government of…
India-China relations showing positive trend toward returning to cooperation, says Wang Yi
During the visit of Chinese Foreign Minister Wang Yi to India, India and China agreed to maintain the momentum of bilateral ties as the countries mark 75 years of their diplomatic ties. The talks between him and EAM Dr S…
Unemployment rate in July eases to three-month low of 5.2%
India’s unemployment rate fell to a three-month low of 5.2% in July from 5.6% in June, with the decline more pronounced among women than men, official data released Monday showed. The jobless rate among men and women eased to 5.3%…
Trump’s tariffs will crush India’s exporters, threatening livelihoods
A big part of India’s economy is facing a nightmare scenario. On Aug. 27, the extraordinarily high tariff of 25% that President Donald Trump imposed on its exports to the United States is set to double. Businesses that were viable…
Tailor-made measures for key export sectors likely
The government is considering specific industry-wise measures rather than a full-scale loan guarantee scheme to help export-oriented units and small and medium enterprises facing stress on account of the US tariffs, said officials.It comes after exporters sought an emergency credit…
GST 2.0 to offer treatment for other pain points too
The proposed goods and services tax (GST) 2.0, hammered out over months of extensive deliberations, will go beyond the mere reduction of rates. It will be a deep-dive overhaul of the indirect tax framework that was rolled out eight years…
Trump hints at no extra levy on India for Russian oil buy
President Donald Trump has indicated that the US may not impose secondary tariffs on countries continuing to procure Russian crude oil.There were apprehensions that additional secondary tariffs would have hit India in case the US decided to enforce them. “Well,…
Next round of India-Asean goods pact review in Oct
New Delhi: The next round of review talks for the Asean-India Trade in Goods Agreement (AITIGA) will be held on October 6 and 7 in Jakarta, the government said Friday. The 10th round of the negotiations were held in New…
India’s forex reserves rise $4.73 bn to $693.62 bn as of August 8
India’s forex reserves surged by $4.74 billion to $693.62 billion for the week ending August 8, data by the Reserve Bank of India showed on Friday.The country’s foreign exchange reserves stood at $688.87 billion as of August 1, down by…
PM Modi calls to reduce fertiliser imports, calls industry for domestic production
Prime Minister Narendra Modi on Friday called for becoming atmanirbhar (self-reliant) in producing fertiliser through judicious use of crop nutrients by farmers and enhancing domestic production to cut imports.The prime minister expressed concern over the dependence on imports in the…
Engaged with China to resume border trade: India
India on Thursday said it remained engaged with China to facilitate the resumption of border trade through designated transit points. The border trade between the two countries was stopped in view of the eastern Ladakh military standoff in 2020. “We…
‘US too large to write off’: Trump’s 50% tariffs threaten 70% of India’s exports, ICRIER warns
India cannot afford to treat the United States as dispensable in global trade, even as it seeks closer economic ties with the UK, EU, and other partners, the Indian Council for Research on International Economic Relations (ICRIER) has warned. In…
IBBI amends CPE norms; in-person training mandatory for insolvency professionals from 2026
New Delhi: The IBBI on Wednesday amended its Continuing Professional Education (CPE) guidelines for insolvency professionals, introducing mandatory in-person learning requirements from 2026. As per the revised framework, IPs must complete a minimum of 30 credit hours of CPE every…
Indian economy not slowing, early to assess tariff impact on GDP, chief economic advisor says
Indian economy’s overall momentum has not slowed as evident from high frequency indicators but it was too early to assess the impact of U.S. tariffs on growth, Chief Economic Advisor V. Anantha Nageswaran said on Wednesday.
Tariffs to make exporting to US unviable for India Inc: Crisil Ratings
Imposition of the additional 25 per cent tariffs on Indian goods because of the country’s purchase of Russian oil will make it “unviable” for India Inc to export to the US, a report said on Tuesday. In a credit alert,…
Wholesale inflation in country likely declined to 2-year low to -0.45% in July: UBI Report
Wholesale inflation in India likely fell to a near two-year low in July 2025, driven by a sharp drop in food and fuel prices, according to a report by Union Bank of India. The Wholesale Price Index (WPI) is estimated…
India bans imports of more jute products from Bangladesh via land routes
India on Monday added more jute products to the list of banned imports from Bangladesh through all land routes, amid strained relations between the two countries. The products added in the list are bleached and unbleached woven fabrics of Jute…
Centre to release Rs 3,200 crore Crop Insurance to 30 lakh farmers affected by natural disasters
The Central government will release Rs 3,200 crore installment of Pradhan Mantri Fasal Bima Yojana on Monday. This is the first installment given to farmers, with Rs 8,000 crore to be released later, Union Agriculture and Farmers Welfare Minister Shivraj…
Shivraj Singh Chouhan to transfer crop insurance claims worth Rs 3,200 cr to 30 lakh farmers on Monday
New Delhi: Agriculture Minister Shivraj Singh Chouhan will on Monday digitally transfer a crop insurance claim amount of Rs 3,200 crore under the Pradhan Mantri Fasal Bima Yojana (PMFBY) to 30 lakh farmer beneficiaries. The PMFBY claim amount will be…
Indian envoy discusses energy security with US Senator Lindsey Graham amid tensions over Russian oil imports
India’s Ambassador to the United States, Vinay Mohan Kwatra, spoke to US Senator Lindsey Graham to share New Delhi’s perspective on energy security, including the growing energy trade between India and the US. “Spoke to Senator @LindseyGrahamSC and shared with…
Financial inclusion is about literacy, not just access: RBI Deputy Governor
Chennai: Reserve Bank of India Deputy Governor Swaminathan Janakiraman on Saturday said financial inclusion initiatives, such as conducting Re-KYC camps, go beyond providing banking access-they empower customers through financial literacy. Speaking at the Financial Inclusion Saturation programme organised by city-headquartered…
Amravati farmers reaffirm faith in PM Modi; urge for strong stance against US pressure
As Prime Minister Narendra Modi assured of India’s farmers being the government’s “top priority,” the farmers in Andhra Pradesh’s Amravati reaffirmed their faith in the Prime Minister’s leadership, calling for a strong stance against US’ demand for opening up domestic…
Govt aims to accelerate pace of highway construction to 100 km/day: Gadkari
Union Road Transport and Highways Minister Nitin Gadkari on Friday said the government’s aim is to accelerate the pace of highway construction to 100 km a day from 38 km/day at present. Speaking at the Business Today India@100 event, Gadkari…
After calling India ‘Maharaja of tariffs’, Trump aide defends 50% tariff move as ‘national security issue’
After calling India the ‘maharaja of tariffs’, White House Trade Adviser Peter Navarro said that the imposition of an additional 25% duty on India is a “national security issue” with New Delhi’s abject refusal to stop buying Russian oil. Trump’s…
Arokiaraj appointed as ex-officio member of IFSC Authority
The government on Thursday nominated Solomon Arokiaraj, an additional secretary in the department of economic affairs, as an ex-officio member of the International Financial Services Centre Authority (IFSCA). Arokiaraj will succeed Surbhi Jain, who passed away in May. The finance…
RBI survey shows uptick in urban consumer confidence in July 2025
The Reserve Bank of India (RBI) on Thursday released the results of its July 2025 round of the Urban Consumer Confidence Survey (UCCS), which showed a marginal improvement in the sentiment of urban households. According to the bi-monthly survey conducted…
Trump tariffs extremely shocking; 55 pc of India’s exports to be impacted: FIEO
The US decision to impose an additional 25 per cent tariff on Indian goods is “extremely shocking” and will impact 55 per cent of India’s exports to America, FIEO said on Wednesday. US President Donald Trump on Wednesday slapped an…
RBI MPC: Malhotra & co flag lingering trade woes as India-US deal stalls, Trump revives tariff threats
Trade negotiation challenges continue to cast a shadow over the global outlook, the Reserve Bank of India’s Monetary Policy Committee (MPC) observed on Wednesday, noting that despite easing geopolitical tensions and market volatility, uncertainties persist, especially with the US deal…
India actively discussing trade pact with US, say minister
India is actively involved in the discussions with the US on the proposed bilateral trade agreement (BTA) with an aim to expand trade and investment, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of…
RBI MPC Monetary Policy Decision: Trump’s tariff to test Reserve Bank of India’s rate decision
US President Donald Trump’s tariff shock on India is complicating the central bank’s interest rate decision Wednesday, with some economists bringing forward their expectations for easing. Before Trump’s announcement, most economists had expected no change in rates following the governor’s…
India hits back after Trump’s latest tariff threat over Russian oil trade, calls it ‘unreasonable’
India on Monday defended its energy trade with Russia after U.S. President Donald Trump accused New Delhi of profiting from discounted Russian oil and threatened higher tariffs. In a sharp statement, the Ministry of External Affairs said India’s imports ensure…
PM Modi defiant as Trump steps up pressure on India’s Russia oil purchases
Prime Minister Narendra Modi struck a defiant tone in the face of US President Donald Trump’s tariff threats, urging the nation to buy local goods as his administration signaled it would continue buying Russian oil.Modi’s government hasn’t given India’s oil…
Exporters urged to build brandsas a way around Trump tariffs
New Delhi: The government is pushing exporters to build and promote homegrown brands to cope with the 25% tariff imposed by the US. It has also sought industry inputs on an employment-linked scheme for certain exports such as marine goods…
Indian shrimp exporters brace for unprecedented challenge in US; volumes to drop 7-9%
New Delhi:: Indian shrimp exporters will face a new, unprecedented challenge in US markets after the imposition of reciprocal tariffs on India, said Rahul Guha, Senior Director at Crisil Ratings. “Indian shrimp exporters face an unprecedented new challenge in the…
India lacks adequate risk capital to realise its $5 trillion economy ambition: Kamakodi
India has the capital to support growth but lacks adequate risk capital to realise its USD 5 trillion economy ambition, City Union Bank MD and CEO N Kamakodi said on Saturday. Kamakodi emphasised that while India is now the world’s…
India reportedly halting Russian oil would be ‘a good step’, says Trump, as New Delhi defends energy security
United States President Donald Trump on Friday (local time) suggested that India may cease purchasing Russian oil, calling it “a good step” if confirmed, while India has defended its sovereign right to conduct energy policy based on national interest. Earlier…
Proposed US tariff to impact shrimp exports by 7-9 pc in FY26: Crisil Ratings
The proposed increase in tariff by the US, along with additional financial penalties, is likely to impact shrimp export volumes by 7-9 per cent this financial year, Crisil Ratings said on Friday. Indian shrimp exporters face an unprecedented new challenge…
Trump’s 25% blanket tariff without exemptions threatens $25 bn of Indian exports: GTRI
The USA’s decision to impose a blanket 25 per cent tariff on all Indian-origin goods effective August 7, without any exemptions, could severely hit the country’s exports to America, think tank GTRI said on Friday. According to an analysis of…
Exporters worried over Trump’s tariff as US buyers either holding back or cancelling orders
Exporters are worried over the impact of the 25 per cent tariffs announced by the US from August 1 on Indian goods, as American buyers are either cancelling or holding back orders until there is a clarity on the penalty…
US-India Strategic Partnership Forum appoints Uday Shankar and Joe Creed to board of directors
The US-India Strategic Partnership Forum (USISPF) has announced the appointment of Uday Shankar, Vice Chairman of JioStar and Founder Director of Bodhi Tree Systems, and Joseph E. (Joe) Creed, Chief Executive Officer of Caterpillar, to its Board of Directors. Shankar,…
From 0.2% to 35-40%: India’s imports of Russian oil under spotlight after Trump tariffs
From just 0.2 per cent before the Russia-Ukraine war to now accounting for 35-40 per cent of total crude imports, India’s reliance on Russian oil has surged — drawing fresh scrutiny with US President Donald Trump announcing a penalty on…
India’s targeted capital liberalisation, RBI’s FX strategy shield economy from global shocks: Report
India’s measured approach to capital account liberalization, combined with the Reserve Bank of India’s proactive foreign exchange management, has played a vital role in cushioning the economy against global disruptions. According to a report by Motilal Oswal, these policy buffers…
Friday fury ahead? India’s tariff clock is ticking
As the clock ticks toward Friday, August 1, the weight of an unresolved trade deal with the United States is beginning to feel increasingly burdensome for India. The US team will visit India on August 25 — well after the…
US needs more negotiations with India for trade deal ahead of August 1 tariff deadline
US Trade Representative Jamieson Greer said “more negotiations” will be needed with India on a trade deal just days before an August 1 deadline for higher tariffs. Washington needs additional talks to gauge how ambitious India’s government is willing to…
CBDT relaxes time limit for processing income tax returns filed electronically
The Central Board of Direct Taxes (CBDT) has relaxed the time limit for processing income tax returns filed electronically that were incorrectly invalidated by the CPC-Bengaluru due to technical reasons. The CBDT, in circular issued Monday, directed that returns of…
Angel investors in India will become rarer than tigers
Angel investing in India has just crossed a modest milestone of $1 billion in commitments, and already the nascent asset class is facing extinction. Blame it on an overdose of regulatory attention. Until recently, affluent individuals who placed small bets…
UK firms can offer telecom, construction services in India without local office under FTA
Companies from the UK will be able to offer services in sectors such as telecom, and construction in India without setting up a local presence, under the free trade agreement signed between the two countries. The British firms will be…
‘No GST on UPI transactions’ Govt clarifies in Rajya Sabha
The government is not planning to levy GST on UPI transactions exceeding Rs 2000, the Ministry of Finance clarified in Rajya Sabha. ” There is no recommendation of levying GST on UPI transactions of over ₹2000 from the GST Council,”…
‘Historic’ FTA with Britain shows world’s trust in India: PM Modi
Prime Minister Narendra Modi on Saturday described the recently concluded FTA between India and UK as ‘historic,’ and said the trade pact showed the world’s trust in the country. As regards Operation Sindoor, he said weapons manufactured under the ‘Make…
India-US trade agreement will be big shot in the arm: Arvind Panagariya
New York, The proposed India-US trade agreement will be a big shot in the arm and make India a very attractive location for investors and result in a lot of liberalisation by the country, Chairman of the 16th Finance Commission…
Govt appoints Economic Affairs Secretary Anuradha Thakur to RBI board
The Reserve Bank on Friday said the government has appointed Economic Affairs Secretary Anuradha Thakur to the central bank’s board. Thakur replaces Ajay Seth, who superannuated on June 30 after a four-year stint at the North Block. A 1994-batch Himachal…
India’s recent trade deals with UAE, Switzerland, and now UK marks policy shift: GTRI
India’s recent trade deals with UAE, Switzerland, and now with United Kingdom marks a significant shift in its approach to free trade agreements (FTAs) as India is gradually opening up sensitive areas that were earlier off-limits, according to a report…
Landmark deal to unlock unprecedented trade, investment opportunities between India, UK: UKIBC
The UK India Business Council (UKIBC) welcomed the signing of the free trade pact between the two countries on Thursday, saying the landmark deal promises to “unlock” unprecedented trade and investment opportunities between them. The mega deal, signed during Prime…
India’s private sector shrugs off inflation and job worries, shows robust growth in July: PMI
India’s private sector showed robust growth in July, primarily fuelled by strong manufacturing performance and international demand, the latest HSBC Flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, showed on July 24. The index recorded a score…
RBI paper says 10% jump in crude prices can lead to 0.20% rise in domestic inflation
A 10 per cent increase in global crude oil prices can raise the domestic headline inflation by 0.20 per cent, a paper by RBI staffers released on Wednesday said. The paper on oil price and inflation nexus in India by…
Get ready for supply shock in crop prices after uneven rainfall distribution: ICICI Bank
The uneven rainfall distribution across various states in the country implies a near-term supply-shock in prices of key crops, according to a report by ICICI Bank The report highlighted that crop damage in certain regions, where rainfall has been deficient,…
India submits ratification document of TEPA with European Free Trade Association
India on Tuesday submitted the ratification document of the free trade agreement with the four-European nation bloc EFTA to Norway. The pact, officially dubbed as Trade and Economic Partnership Agreement (TEPA), will be implemented from October 1, Commerce and Industry…
Five states account for nearly 50% of active GST taxpayers; UP leads: SBI Report
As the Goods and Services Tax (GST) has completed eight years since its rollout, a recent report by SBI Research showed that just five states account for nearly 50 per cent of the total active GST taxpayers in India. This…
India’s share in US imports increasing in electronics, agri, textiles: Official
The restructuring of tariffs by the US has led to a shift in the list of key product suppliers to the American market, with India emerging as one of the beneficiaries at the expense of China and Canada, an official…
With deposits outpacing appetite, exports & tariffs hold key to credit revival
India’s banking system loan growth stood at 9.4% as of June 27, its lowest level since March 2022, after having peaked at 2.74% in the current cycle in December 2023. That said, deposits growth now stands at 10%, exceeding loan…
Indian millers, exporters optimistic as Bangladesh plans to import 9 lakh tonne rice: Stakeholders
Indian rice millers and exporters are upbeat about Bangladesh’s “plan to import 9 lakh tonnes of rice”, anticipating a boost in demand and better prices for the cereal, stakeholders said on Sunday. With India accounting for 46 per cent of…
₹5,000 per box and counting: Himachal’s apple season begins with a bang as quality fruit reigns
Apple growers in Himachal Pradesh are upbeat as early varieties of the fruit are commanding impressive prices in wholesale markets. With the apple season kicking off early this year, traders at the Dhalli vegetable market in Shimla say farmers are…
India-US trade deal: Fifth round over, India is not budging
India has once again signaled its steadfast approach to international trade negotiations, as the fifth round of talks for the proposed India-US Bilateral Trade Agreement (BTA) concluded in Washington this week. Led by Rajesh Agrawal, India’s chief negotiator and Special…
Niti for easing curbs on China investments
Niti Aayog has proposed allowing Chinese entities to buy up to 24% stake in Indian companies without additional checks, easing a rule that delays investments from the neighbour. At present, any investment by Chinese entities in Indian companies needs security…
Former RBI Governor Raghuram Rajan warns India to tread ‘cleverly & carefully’ in US trade talks – The Economic Times Video
India must be “very careful and clever” while negotiating trade agreements with the United States, especially in the agriculture sector, former Reserve Bank of India Governor Raghuram Rajan said.“I think where it is much more sort of difficult (trade negotiations)…
Missing the data bus? India must act fast, says top statistician
A senior Indian statistician has called for enhanced data-sharing between institutions and the central government, including access to mobile payments and official records, to boost the accuracy and reliability of key economic indicators. Rajeeva Laxman Karandikar, chairman of the National…
Piyush Goyal urges Indian Missions to help resolve trade barriers faced by exporters
New Delhi: Commerce and industry minister Piyush Goyal has urged Indian Missions abroad to help address trade barriers faced by Indian exporters in their respective countries. While addressing Heads of the Commercial Wings posted in 74 Indian Missions abroad across…
India seeks lower tariff than Indonesia in race for deal with US
Indian officials are hoping to secure a trade deal with US President Donald Trump at a lower tariff rate than he’d agreed with Indonesia as New Delhi races to meet an Aug. 1 deadline. Trump said Tuesday the US will…
We have another deal coming up ‘maybe’ with India, says Trump
US President Donald Trump on Wednesday hinted at a possible trade agreement with India, saying “maybe” another deal is on the horizon. He made the remarks during a bilateral meeting with the Crown Prince and Prime Minister of Bahrain at…
India and Asean are growing apart. Blame Trump tariffs
It’s still far from clear what President Donald Trump’s tariffs will eventually look like. But the pressures they will put on stable trading relationships — even those that don’t directly involve the US — are already visible. Ties between India…
NATO chief warns India, China & Brazil could be hit ‘very hard’ by sanctions if they continue to do business with Russia
NATO Secretary General Mark Rutte on Tuesday warned that secondary sanctions targeting Russia could severely impact India, China, and Brazil, if they continued to do business with Moscow. “Secondary sanctions on Russia over Ukraine could hit countries like China, India…
CPI inflation in July likely to hit historical low, FY26 to be at 3% below RBI estimate of 3.7%: SBI
India’s retail inflation is expected to reach a record low in July 2025, with the average inflation for the financial year 2025-26 projected to be significantly lower than the Reserve Bank of India’s (RBI) estimate, according to a report by…
Govt envisions BIMSTEC Pact as blueprint to transform Bay of Bengal into global trade hub: Sonowal
Union Minister Sarbananda Sonowal on Monday said the government envisions the BIMSTEC Maritime Transport Pact as a blueprint to transform the Bay of Bengal into a global trade and tourism hub. According to an official statement, the Ports, Shipping and…
Gujarat govt sanctions new bridge parallel to collapsed structure in Vadodara
Days after the Mahisagar river bridge collapse tragedy in Vadodara district, the Gujarat government has approved the construction of a parallel two-lane bridge and approved Rs 212 crore for the project-related work. Several vehicles plunged into the Mahisagar river after…
India should avoid rushing for trade pact with US, warn experts
India should avoid rushing into a trade deal with the US that compromises core sectors like agriculture, experts on Sunday said, cautioning that Washington is not sparing even its key partners like the EU. The US has shot off letters…
Trump backs crypto, Pakistan embraces it. How long must India wait?
A couple of weeks before the Pahalgam attack, something strange happened in Islamabad. Changpeng Zhao, the Chinese-born Canadian businessman and founder of Binance, the world’s largest cryptocurrency exchange, agreed to be an advisor to the Pakistan Crypto Council (PCC) in…
Small traders get relief as Chhattisgarh government waives VAT dues of up to Rs 25k in old cases
Small traders can heave a sigh of relief as the Chhattisgarh government has decided to waive VAT dues of up to Rs 25,000 in cases pending for more than 10 years, officials said on Saturday. The move to write off…
Goa govt approves infra projects worth Rs 149 cr
The Goa State Infrastructure Development Corporation (GSIDC) has approved infrastructure projects worth Rs 149 crore, including a hostel at medical college, reconstruction of a bridge and redevelopment of government buildings. Chief Minister Pramod Sawant chaired the 206th board meeting of…
Commerce minister Piyush Goyal meets officials on ease of doing business
New Delhi: Commerce and industry minister Piyush Goyal Friday met officials of the Department for Promotion of Industry and Internal Trade (DPIIT) on enhancing ease of doing business. “Held a review meeting with senior officials on enhancing ease of doing…
RBI closely monitoring global crypto moves as India mulls policy paper
The Reserve Bank of India (RBI) is keeping close watch on global cryptocurrency developments, governor Sanjay Malhotra told a parliamentary panel, people familiar with the matter told ET. Crypto has been resurgent since Donald Trump’s turnaround from sceptic to champion….
India now makes faster payments than any other country, courtesy UPI: IMF note
India now makes faster payments than any other country with the quick growth of UPI, and the usage of other instruments, including debit and credit cards, is on the decline, according to an IMF note. Unified Payments Interface is an…
Dubai homebuyers face legal troubles: ED summons and tax compliance issues
Woes multiply for some who had bought homes in Dubai. After notices from the Income Tax department (I-T) last year, they are now grappling with summons from the Enforcement Directorate (ED). They will have to explain to the ED why…
Will release funds for rural roads as soon as Bihar govt sends survey report: Union minister
Union minister Kamlesh Paswan on Wednesday said the Centre would release funds for the construction of rural roads in Bihar as soon as the state government submit its proposal after carrying out a survey in this regard. The survey for…
PM Modi, Brazil President Lula set bilateral trade target of USD 20 billion in next five years: MEA
Brasilia: Noting ample opportunities for diversifying and expanding bilateral trade, Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva have set a target of 20 billion dollars to be achieved in the next five years, the Ministry…
India’s apparel, footwear exports to gain as US hikes tariffs on rival nations: Exporters
India’s export sectors such as apparel and footwear are expected to gain a competitive edge in the US market following Washington’s decision to impose higher tariffs on over a dozen countries, including Bangladesh and Thailand, exporters said. On Monday the…
Trump says US ‘very close’ to a trade deal with India
President Donald Trump announced Monday evening that the United States is on the verge of concluding a trade pact with India as the deadline for America’s April 2 ‘reciporal tariffs’ was extended to August 1. “We’ve finalised agreements with the…
85% of north-eastern districts in front runner category in North-Eastern Region District SDG Index 2023-24: NITI Aayog
Mizoram’s Hnahthial has emerged as the highest-scoring district in the entire Northeast region with a score of 81.43 while Arunachal Pradesh’s Longding is the lowest scoring district in the entire region at 58.71 as per the North-Eastern Region District SDG…
India and US edge closer to mini trade deal: Key sectors excluded
India and the US are nearing a mini trade deal with politically and economically sensitive sectors of dairy and agriculture likely to be excluded from the pact, officials said. “The deal is in its conclusion phase,” said an official. “Most…
India-US likely to take final decision on mini trade deal within 48 hours, CNBC-TV18 reports
India and the United Sates are likely to make a final decision on a mini trade deal in the next 24 to 48 hours, local Indian news channel CNBC-TV18 reported on Sunday, citing sources. Currently, talks have only been completed…
Geopolitical winds set to sweeten India’s apple harvest
New Delhi: An apple a day – but at a price set by geopolitics. With Turkey, Iran and Afghanistan emerging as the top three apple import sources for India, shifting geopolitical dynamics are expected to play an outsized role in…
New technologies will define India’s growth story: Union Minister Piyush Goyal
Union Minister Piyush Goyal on Saturday said new technologies will define India’s growth story in the coming years. Addressing the IIT Madras Alumni Association’s Sangam 2025 event here, he said, “Your science, your technology, combined with this vibrant startup ecosystem,…
‘No trade deal under pressure of deadline’: Piyush Goyal
Days ahead of the US’ July 9 deadline for reciprocal tariffs, commerce and industry minister Piyush Goyal on Friday said India does not enter into trade agreements based on deadlines but on mutual benefits and national interest. “FTAs (free trade…
Scheme to boost toy production soon: Piyush Goyal
Commerce and Industry Minister Piyush Goyal on Friday said a scheme to boost toy production in the country will be finalised soon after consultation with the industry. He said that huge potential is there to boost toy manufacturing and exports….
Employment-linked incentive scheme: Who will benefit?
The Union Cabinet on Tuesday approved the employmentlinked incentive scheme (ELI), nearly a year after the government announced it in the 2024-25 budget. The scheme is projected to cost the exchequer Rs 99,446 crore. ET looks at the eligibility criteria…
India’s digital supply chain revolution: Turning e-waste into a trillion-dollar green opportunity
India’s digital economy is scaling new heights, but beneath this transformation lies a pressing environmental challenge: electronic waste (e-waste). As one of the world’s top five e-waste generators, India faces the dual responsibility of sustaining its digital growth while addressing…
Beijing wary as US plots quiet trade war to isolate China; India in negotiation room
The trade truce between Washington and Beijing may be holding for now, but China is increasingly wary about what’s happening elsewhere: US efforts to forge deals that could isolate Chinese firms from global supply chains. Ahead of a July 9…
Fool-proof mechanism in place to implement employment linked incentive scheme: Labour Ministry
Labour ministry has worked out a fool-proof mechanism using digital tools to implement the Rs 1.07-lakh crore Employment Linked Incentive (ELI) scheme, which aims to create 3.5 crore jobs over the next two years. The scheme, approved by the Union…
US trade talks: Trump makes big tariff statement again, puts ball firmly in India’s court
India and the United States are in a race against time. With days to go, officials from both countries are scrambling to seal a Bilateral Trade Agreement before the 9 July cut-off. The deal, if done, could spare both sides…
Finmin launches campaign for saturation of financial inclusion scheme at panchayat, urban local body level
The finance ministry on Tuesday launched a nationwide campaign for the saturation of Financial Inclusion (FI) schemes at the gram panchayat (GP) and urban local body (ULB) level. The Department of Financial Services (DFS) under the finance ministry organised events…
India to remain fastest growing economy in 2025 & 2026, while global growth to decline: Morgan Stanley
India is expected to remain the fastest-growing economy among all the countries covered by global investment firm Morgan Stanley, according to the latest report from its Global Investment Committee (GIC). The report forecasts India’s real GDP growth at 5.9 per…
Slowdown in global growth to hurt India’s domestic outputs: RBI report
A deceleration in global growth will act as a drag on domestic output. It is estimated that a 100 basis points (bps one bps is 0.01%) slowdown in global growth can pull down India’s growth by 30 bps, the FSR…
India’s trade deficit may surge to $300 bn in FY26 despite lower oil prices: ICICI Bank Report
India’s trade deficit is likely to widen to USD 300 billion in the financial year 2025-26, even though oil prices are expected to remain moderate, according to a recent report by ICICI Bank. The projected deficit would be 7.0 per…
Diaspora remittances hit new record at $135.46 bn in FY25
The Indian diaspora sent home $135.46 billion in the last fiscal year, the highest on record. According to latest balance of payments data released by the Reserve Bank of India, gross inward remittances by overseas Indians, as reflected in ‘private…
India taking steps to ensure Bangladesh can’t reroute jute exports via 3rd countries
India has decided to impose port restrictions with immediate effect on the import of jute and allied fibre/ products from Bangladesh. These restrictions shall apply to imports into India of Bangladesh jute and allied fibre/ products across all land and…
Unfair trade practices by Bangla suppliers forced India to restrict import of jute: Officials
India imposed restrictions on the import of jute and allied fibre products from Bangladesh in view of its “unfair trade” practices including circumvention of anti-dumping duty that harmed Indian farmers, people familiar with the matter said on Saturday. The new…
NITI Aayog may prepare a blueprint to push India’s private capex
New Delhi: The NITI Aayog could prepare a blueprint for interventions needed to boost private sector investment in infrastructure creation, after a recent government survey suggested a likely dip of 25% in private sector capital expenditure in this financial year,…
RBI tightens due diligence for Aadhaar payment operators
Reserve Bank of India (RBI) directed banks to carry out due diligence before onboarding Aadhaar Enabled Payment System Touchpoint Operators (ATOs) adopting the same process as indicated in the customer KYC issued by the regulator. Aadhaar Enabled Payment System (AePS)…
India’s economy to hold top spot for growth, but underlying weaknesses remain: Poll
The Indian economy will grow at a mostly steady pace this fiscal year and next after marking a four-year low in 2024-25, according to economists polled by Reuters, who have mostly either kept their forecasts unchanged or made marginal upgrades….
Over 18.9 lakh cos were active in India at May-end, shows official data
New Delhi: More than 18.9 lakh companies or 65 per cent of the total number of registered companies were active in India at the end of May, according to official data. Among the active companies, the highest were in the…
After magnets, China now plants agriculture barrier for India
New Delhi: China has halted shipments of specialty fertilisers used to increase the yields of fruits, vegetables and other remunerative crops to India for the last two months, according to top executives of several large importers. China, a global supplier…
Icra retains FY26 GDP forecast at 6.2%
Rating agency Icra on Wednesday retained its India’s GDP growth forecast for fiscal 2025-26 at 6.2 per cent, assuming well-distributed monsoons and crude oil prices averaging around USD 70/barrel. However, geopolitical tensions in West Asia, volatility in financial markets, and…
Why is RBI stimulating a healthy economy?
The Reserve Bank of India surprised economists with significant rate cuts despite positive economic indicators. This move, intended to stimulate consumption and investment amid global uncertainty, has confused investors, with bond yields initially rising. Concerns about household debt and declining…
EPFO member may soon be able to withdraw EPF money through ATMs, UPI directly
Retirement fund body EPFO subscribers may soon be able to withdraw their employees’ provident fund (EPF) directly from their accounts through ATMs or other modes like UPI after linking their bank accounts with EPF. A highly placed source said the…
Panel moots slashing GST on Green H2 to 5%
A panel mandated to examine tax rates under the Goods and Services Council has recommended slashing tax on green hydrogen to 5% from 18% now, said people familiar with the matter. The fitment committee has also backed reducing the goods…
NHAI to provide real-time weather update to NH users during monsoon
The National Highways Authority of India (NHAI) will provide real-time weather and traffic updates to national highway commuters by leveraging AI-based intelligent traffic management systems during monsoon to ensure seamless travel experience for highway users. Besides, it will deploy drones…
Despite global turmoil, inflation to stay below 4% target: MPC member
New Delhi: A worsening geopolitical situation since the Monetary Policy Committee (MPC) meeting earlier this month has heightened the upside risk to India’s inflation trajectory, on account of increases in oil and fertiliser prices, said Ram Singh, a member on…
Coffee exports up 125 pc to $1.8 billion in last 11 years: Govt data
The country’s coffee exports have jumped about 125 per cent to USD 1.8 billion in the last 11 years on account of a series of measures taken by the Coffee Board of India, according to the central government data. The…
High grown, hard won: Inside India’s caffeinated comeback
Coffee grower N Bose Mandanna isn’t afraid to spill the beans, literally. Standing beside sturdy plants of robusta coffee on the slopes of his estate in Kodagu (formerly Coorg) in Karnataka, he recounts a silent agricultural revolution that began in…
India’s next phase of growth must focus on per capita GDP: Report
India has overtaken several economies in terms of GDP over the past decade, but its citizens’ per capita income remains poor. In that context, a report by Llama Research suggested that the next phase of India’s growth must translate into…
Direct tax collections rise 4.9%; advance tax up 3.9% in FY26 so far
India’s direct tax collection for the financial year 2025-26 rose by 4.86% to Rs 5.45 lakh crore as of June 19, according to the latest figures released by the income tax department. However, net collections saw a marginal decline due…
Finance Ministry pitches for improving export cargo facilities on ports
New Delhi: A finance ministry report on Friday made a case for improving gate infrastructure including IT systems, scanning facilities, temperature-controlled facilities for perishable export cargo across ports. Also, post-clearance logistics processes need to be improved to achieve faster release…
Rare earths set to get up to Rs 5,000 crore incentive scheme
India has firmed up a ₹3,500-5,000 crore scheme to incentivise production of rare earth minerals and derived magnets in the country and could be approved in a fortnight, a top government official said. “The priority is to start domestic-critical mineral…
RBI project finance guidelines easier than draft, breather for lenders
The Reserve Bank of India (RBI) has substantially reduced mandatory provision requirements for commercial real estate (CRE) and infrastructure projects, providing a breather to lenders and likely ensuring that the flow of funds especially to infrastructure projects continues. In the…
India-UK social security pact was non-negotiable in free trade deal: Piyush Goyal
New Delhi: The India-UK social security agreement was made a non-negotiable part of the free trade agreement (FTA) discussions two years ago, commerce and industry minister Piyush Goyal said on Wednesday. Termed the Double Contribution Convention Agreement (DCCA), it was…
Indian refiners cancel palm oil orders for July-Sept as prices surge
Indian refiners cancelled orders for 65,000 metric tons of crude palm oil (CPO) scheduled for delivery from July to September following a sudden surge in benchmark Malaysian prices, four trade sources told Reuters. Refiners in the world’s largest palm oil…
At Rs 1.5 lkh cr, advance tax mop-up grows just 4% amid global uncertainties
The Centre’s advance tax collections have grown at a tepid pace till June 15 this fiscal, suggesting muted income growth amid global headwinds. The total collection was ₹1.54 lakh crore, up 4% from a year earlier, slowing sharply from the…
Paddy sowing up 13% to 4.53 lakh hectare till June 13 this year: Govt
Paddy sowing so far this Kharif season is higher by 13 per cent at 4.53 lakh hectares, according to the government data. Sowing of paddy stood at 4 lakh hectares in the same period last year. The Department of Agriculture…
No new tariffs after Bilateral Trade Agreement: India wants US assurance
India wants an assurance from the US that no additional tariffs will be imposed by the Donald Trump administration once the bilateral trade agreement (BTA) is finalised, said people familiar with the matter. The deal is in the final stages…
India’s exports to US up 16.9c pc, imports dip 5.76 pc in May
India’s merchandise exports to the US rose by 16.93 per cent to USD 8.83 billion in May, while imports dipped by 5.76 per cent to USD 3.62 billion during the month, according to the commerce ministry data. During April-May, the…
Crude moves to dictate direction for Indian debt, rupee; RBI key for currency
The direction of Indian government bonds and rupee this week will hinge on how the Israel-Iran conflict unfolds and its impact on crude oil prices, while the extent to which the central bank steps in to manage currency volatility will…
Iran-Israel war could hurt exports; increase freight rates: Exporters
The Iran-Israel conflict has further increased global economic uncertainties, impacting world trade, including India’s exports, as it is expected to drive up both air and sea freight rates, exporters say. They said that India’s exports to Europe and counters like…
Government aims to make J&K Rs 1 trillion agricultural economy by 2030: LG Manoj Sinha
Jammu and Kashmir Lieutenant Governor Manoj Sinha on Saturday said the government’s goal is to make every farmer in the Union Territory a proud stakeholder in India’s journey towards becoming a Viksit Bharat by 2047. Addressing the closing Ceremony of…
Kothari Industrial Corporation launches agri-products that can boost farm output
Diversified conglomerate Kothari Industrial Corporation Ltd has launched 30 agro-products aimed at bolstering agricultural output and serving the growing needs of farmers, a top official said on Saturday. These products, including Kothari Bioshakthi Gold, Kothari Neem Power, Kothari Subhiksham, among…
Conflict may trigger dry fruit price rise
The Israel-Iran military conflict may lead to a further increase in prices of imported nuts and dry fruits in India by exacerbating supply issues, said traders. The commodities, sourced from Afghanistan and Iran, have already seen a 15-100% surge in…
Iran-Israel Conflict: A Middle East flashpoint that Indian economy can’t ignore
The year 2025 has been a rollercoaster ride for India and its economy so far, starting with Maha Kumbh giving a Rs 2.8-lakh-crore push to conflict with Pakistan. Now, another factor has been added – the Israel-Iran war – a…
Niti to map gender equality progress across districts
India plans to undertake a district wise assessment of the progress on the Sustainable Development Goal 5 (SDG 5) pertaining to gender equality and empowerment of women and girls. Niti Aayog along with the ministry of women and child development,…
Willing to step-up dialogue, China on lifting export curbs on rare earth metals to India
China on Thursday hinted at holding talks with India over its restrictions on export of rare earth materials, saying it is willing to enhance dialogue and cooperation with relevant countries to keep industrial supply chains stable. China’s recent restrictions on…
India’s infra sector faces revenue, margin pressure in Q4FY25 despite rise in order inflows: Nuvama Research
New Delhi: India’s infrastructure sector witnessed a mixed performance in the fourth quarter of FY25, with revenues and profit margins under pressure despite improvement in order inflows, according to a report by Nuvama Research. The report said the aggregate topline…
palm oil price: Govt slashes Basic Custom duty on major imported crude edible oils from 20% to 10%
The central government on Wednesday slashed the Basic Customs Duty (BCD) on crude edible oils namely crude sunflower, soybean, and palm oils to 10% from 20% resulting in the import duty differential between crude and refined edible oils from 8.75%…
One registry for labs soon to speed up export clearances
New Delhi: The government is working on setting up a single national registry for labs to simplify laboratory testing processes to reduce transaction costs and delays in cargo clearance for exports. The proposed system would allow online application submission, real-time…
World Bank retains India’s FY26 growth at 6.3% as trade tensions bite countries globally
The World Bank on Tuesday pegged India’s economic growth projection at a lower level of 6.3 per cent for 2025-26 due to pressure on exports emanating from global uncertainties, though the country will remain the fastest growing major global economy….
RBI may frame rules to curb mis-selling by banks: Dy guv M Rajeshwar Rao
MUMBAI: The Reserve Bank of India (RBI) has once again flagged concerns over mis-selling of financial products such as insurance, and said it is considering framing guidelines to address the issue. Addressing the Issue “The concern is that such mis-selling…
Interstate transmission: Centre allows surety bond and payment of order instruments as bid security
The centre has reworked norms governing award of power transmission projects spanning across states by adding additional options for payment security. The Payment of Order Instruments (POI) would be invoked in the event a transmission service provider defaults. This, and…
Online prices in 12 cities to be monitored for new CPI series
New Delhi: The government has identified 12 cities with a population of more than 2.5 million each to monitor e-commerce price trends as part of efforts to accurately capture changing consumption patterns in the new Consumer Price Index (CPI) series,…
India beating Japan as world’s 4th biggest economy no cause for major celebration, warns ex-WEF MD
For many, the news that India is about to become the world’s 4th largest economy is yet to sink in, but experts are alreadycautioning the country against complacency even as it looks set to shortly surpass Japan en route to…
Had a fruitful meeting with UK Foreign Secretary David Lammy: Piyush Goyal
Union Minister Piyush Goyal on Saturday described his meeting with UK Foreign Secretary David Lammy as ‘fruitful’ as they discussed avenues to deepen bilateral trade and strengthen collaboration across various sectors to “unlock” the full potential of our Comprehensive Strategic…
Extreme poverty in India down to 5.3 pc in 2022-23: World Bank
India’s extreme poverty rate declined sharply to 5.3 per cent over a decade from 27.1 per cent in 2011-12 even as the World Bank revised upwards its threshold poverty line to USD 3 per day. Given India’s inflation rate between…
RBI throws a surprise party with big rate cut and Rs 2.5 lakh crore boost
The Reserve Bank of India (RBI) Friday shed its customary conservatism to deliver double the policy rate cut than anticipated by investors, amid receding inflation concerns. It also opened the liquidity floodgates to add Rs 2.5 lakh crore for onward…
ET analysis: RBI Guv Sanjay Malhotra gets breather from rate cut pressure at MPC meet
Sanjay Malhotra has got the monkey off his back — at least for the next six months. His faint smile and a relaxed body language at the press conference captured his frame of mind and the message he wanted to…
Sopping spree to boost state reforms: Centre outlays incentives via Rs 1.5 lakh cr scheme for FY26
New Delhi: The Centre has laid down reform goalposts for states in mining, urban development and planning, electronic enforcement of road safety, and land reforms, promising incentives through the budget capital expenditure scheme on milestones being achieved, said people with…
Will RBI opt for a jumbo rate cut to revive the economy?
The odds of a bigger interest rate cut, at least half a percentage point, is gathering momentum among economists as future price pressures appear benign and credit demand remains subdued. Economists from the State Bank of India and Piramal Enterprises…
India seeks measures to tackle trade distortions
India has called for action to address trade distortions caused by non-market economies, non-tariff barriers and restoration of a strong dispute settlement mechanism at the World Trade Organization (WTO), commerce and industry minister Piyush Goyal said on Wednesday. The minister,…
Only 8 pc GCCs advanced significantly across innovation, market advantage, efficiency: BCG report
Only 8 per cent of Global Capability Centres (GCCs) have advanced significantly across the three dimensions key to enterprise value – innovation, competitive differentiation and operational efficiency, a new report from Boston Consulting Group (BCG) said. India, the US, and…
Piyush Goyal pushes for bigger India-France trade game
PARIS: India can help French businesses become more competitive in manufacturing and tap global markets, commerce and industry minister Piyush Goyal said on Tuesday, stressing that it could be a shared mission where France and India collaborate closely to strengthen…
WTO chief urges India to support proposal on investment facilitation
Paris, World Trade Organization chief Ngozi Okonjo-Iweala on Tuesday urged India to support the China-led proposal on investment facilitation for development as several developing countries are backing the initiative. The Director General of the Geneva-based body said she discussed several…
US commerce secretary Howard Lutnick expects India trade deal soon
US Commerce Secretary Howard Lutnick on Monday voiced optimism for a trade deal soon with India to avoid tariffs threatened by President Donald Trump. “You should expect a deal between the United States and India in the not too distant…
Indian economy to be close to $30 trillion by 2047: Amitabh Kant
India’s economy, which is currently USD 4 trillion in size, is expected to be close to USD 30 trillion by 2047 and the country also has the advantage of younger demographics, G20 Sherpa Amitabh Kant said on Monday. He was…