New Delhi: India’s fertilizer subsidy burden could ease after the government’s latest tender to import 1.7 million tonnes (mt) of urea drew sharply lower landed price bids, relieving pressure on…
Category: Economy
Ujjwala Yojana, Mudra Yojana, Jan Dhan Yojana: Modi govt’s flagship economic schemes as it completes 12 years in power
Prime Minister Narendra Modi reached a historic milestone on Wednesday, June 10, becoming India’s longest-continuously serving elected prime minister. By completing 4, PM Modi has surpassed the previous record of…
India inflation likely rose to 4.1% in May: Mint poll
India’s retail inflation likely rose to 4.1% in May from 3.5% in April, slightly above the Reserve Bank of India’s 4% medium-term target, as prices of key food items and…
Fertilizer subsidy set to zoom, but govt may stay off supplementary demands
New Delhi: The department of fertilizers has sought a 100% increase in fertilizer subsidy to ₹3.5 trillion for FY27 from the finance ministry to offset mounting losses of manufacturers due…
India’s growth silver linings face war and drought clouds
India’s economy ended FY26 on a strong note, with GDP growth accelerating to at least a 12-quarter high of 7.7%. The growth print was much higher than economists’ expectations of…
Oil prices ease after Israel, Iran halt attacks; markets eye ceasefire
International crude oil prices eased marginally on Tuesday morning after Israel and Iran signalled a pause in hostilities, easing immediate concerns over supply disruptions in West Asia. Around 7:40 am,…
Solar sector feels the heat as cost spike threatens project economics
New Delhi: The West Asia conflict is starting to raise the cost of India’s clean-energy transition. Industry executives said higher prices of copper, aluminium and a supply crunch in key…
Focus on domestic economy as India buffeted by headwinds, says senior official
India remains focused on domestic economic growth even as it responds to geopolitical headwinds like the Iran war that has raised crude oil prices globally and the country ’s import…
Why India Inc’s rising profit share in GDP will be tough to sustain in FY27
As the curtain falls on quarterly corporate earnings alongside the release of the latest gross domestic product (GDP) numbers, new data points provide a comprehensive health checkup of the Indian…
India posts 0.7% current account surplus in March quarter
MUMBAI: India reported a current account surplus of 0.7% of gross domestic product (GDP) in the March quarter of FY26, down from 1.4% a year earlier, according to Reserve Bank…