From India and New Zealand formally signing a free trade agreement (FTA) to India once again becoming a net exporter of finished steel, the index of industrial production (IIP) easing…
Category: Economy
India’s green energy sector may be hit by power regulator’s stricter performance standards
A regulatory effort to keep the national power grid stable and make green power more reliable may wreck the revenues of producers and potentially lead to tariff hikes, industry executives…
Eating out, international travel costlier after commercial LPG, ATF price hike
New Delhi: Eating out or grabbing a roadside snack may get costlier after state-run oil companies sharply raised the prices of commercial cooking gas by nearly 50% on Friday—according to…
GIFT City treasury hub picks up pace; 6 listed companies seek licences
GANDHINAGAR: Six listed companies have applied for licences to set up corporate treasury centres in Gujarat International Finance Tec-City, or GIFT City, said Kalyanaraman Rajaraman, chairperson of the International Financial…
Centre, states collect record ₹2.43 trillion in gross April GST revenue
Central and state governments collected a record ₹2.43 trillion in Goods and Services Tax (GST) revenue in the first month of the financial year, data from the finance ministry showed.…
Government lowers export duty on diesel, ATF
New Delhi: The ministry of finance has lowered the export duty on diesel to ₹23 per litre and that on jet fuel to ₹33 per litre with effect from Friday,…
India plans ₹51,000 crore push to procure 62 ships amid West Asia crisis
New Delhi: Shipping Corp. of India and state-run oil and gas companies together aim to float tenders this financial year to procure 62 vessels for ₹51,000 crore as the ongoing…
FDI inflows set to top $90 billion in FY26, says DPIIT Secretary Bhatia
Foreign direct investment (FDI) inflows are on track to reach $90 billion in the fiscal year ending March 2026, according to a senior government official, as India’s push to position…
Eight states peg fiscal gap at 3%; UP revenue-surplus, Punjab most indebted
New Delhi: Eight Indian states have pegged their fiscal deficit—the gap between spending and revenue receipts met via borrowings—for the ongoing financial year at 3% or below their respective gross…
Government to roll out Panchayat Advancement Index 3.0 to boost data-driven grassroots planning, assess progress
The government is set to roll out the third iteration of the Panchayat Advancement Index (PAI) in May, strengthening its push for evidence-based planning at the grassroots level, said Sushil…