Mumbai: The Reserve Bank of India (RBI) raised its key interest rate for the first time in nearly four years as rising inflation risks and a sharp shift in the…
Category: Economy
GST Council may weigh wider data sharing, rare disease tax relief on Thursday
New Delhi: The Goods and Services Tax (GST) Council will likely consider on Thursday allowing GST data to be shared with the statistics ministry for purposes including estimating trade margins,…
GST Council aims to ease compliance, expedite refunds, curb frequent rate tweaks
New Delhi: India is planning a wide range of changes in the way it administers the nine-year-old goods and services tax (GST) regime, seeking to refrain from frequent rate tweaks,…
World Bank raises India FY27 growth forecast to 7.1% on resilient demand, exports
New Delhi: India’s economy is proving more resilient to external shocks than previously expected, prompting the World Bank to raise its growth forecast for the country’s fiscal year 2027 (FY27)…
Govt plans to expand services index to cover 80% of sector output
New Delhi: The ministry of statistics and programme implementation (MoSPI) plans to significantly broaden the scope of its monthly Index of Services Production (ISP). By incorporating education, healthcare and residential…
Iran war: Shell sees Middle East oil flows at 80% as Saudi Aramco warns inventories may take 2 years to rebuild
Middle East oil supplies are showing signs of recovery, but the global market is far from out of danger. Shell CEO Wael Sawan said oil flows have climbed back to…
Mint Explainer | Why the RBI looks set to hike rates
As the Reserve Bank of India’s (RBI) Monetary Policy Committee concludes its meeting on Wednesday, expectations of a rate hike, heralding the start of tighter monetary policy, have risen sharply.…
India’s services sector growth hits three-month high: PMI survey
India’s service economy grew at its fastest pace in three months in September, driven by domestic demand and a rise in new business inflows, a private survey showed on Tuesday.…
Ecuador in talks with India for sale of crude oil, critical minerals, copper: ambassador Buchelli
NEW DELHI: Ecuador is in talks to increase supplies of crude oil, copper and critical minerals to India and buy medical products from state-run HLL Lifecare Ltd, Fernando Buchelli, the…