Govt targets 505 mt steel demand by 2047, plans 604 mt capacity
India targets 505 mt finished steel by 2047 with 604 mt capacity under National Steel Policy, boosting self-reliance and cleaner production.
Economy
The latest economy stories, updated through the day.
Malaysian Airlines open to partnership with India, seeks to expand network, says CEO
The South-east Asian carrier, which flies to and from 10 destinations in India, also said that it aspires to expand its network here but bilateral traffic rights restrict it from doing so.
Milma posts 15% rise in turnover in H1 FY27 at ₹2,559.71 crore
Milma posts 15% H1 FY27 turnover rise to ₹2,559.71 crore, led by TRCMPU, ERCMPU, and MRCMPU growth and stronger dairy farmer procurement.
PM Modi inaugurates Chennai Metro’s Poonamallee-Vadapalani stretch, rides along with CM Vijay
Prime Minister Modi inaugurates Chennai Metro’s Poonamallee-Vadapalani stretch, riding with CM Vijay and flagging off new 15 km elevated services.
The food vs fuel debate is being asked the wrong way
Rethinking food versus fuel: India can achieve dual food security and energy via regenerative farming, smart policies, and farmer-centric biorefineries.
India’s water crisis is becoming an agriculture crisis: What can farmers do differently?
India’s water crisis demands on-farm action: embrace precision, soil-less farming like aeroponics, and automation to slash water use and boost yields.
Why biofortified crops could shape the next phase of Indian agriculture
Biofortified crops shift India from calorie to nutrition security, enriching staples naturally and benefiting farmers, brands, and public health.
Why India needs a decentralised cold chain
Decentralized, pay-per-use cooling with thermal storage bridges farm-to-market gaps, reducing losses and expanding access in India’s cold chain.
Reserve Bank of India takes steps to support rupee, opens dollar window for oil companies
India’s central bank announced measures to ease pressure on the rupee, including supplying dollars directly to three state-run oil companies and tightening rules on currency derivatives. The steps aim to reduce foreign-exchange market demand and volatility as the rupee trades near its record low.
GST Council bets on faster refunds, lower penalties to ease business burden
The 57th GST Council meeting has introduced measures to simplify compliance and expedite refunds for businesses. Recommendations include increasing the prosecution threshold and reducing penalties for non-compliance. The proposed framework features faster acknowledgement timelines for claims and pro…
GST 2.0 makes it less taxing as govt scrap arrest powers, raise prosecution threshold to Rs 5 crore in maj
The GST Council recently approved substantial reforms to simplify the indirect tax structure and improve compliance. These changes include raising prosecution thresholds and decriminalising several offences, signifying a major shift in GST law. Finance Minister Nirmala Sitharaman outlined plans for…
GST reforms: 16 lakh small businesses may get annual return option, easier e-commerce selling
More than 16 lakh small businesses with turnover up to Rs 5 crore could benefit from a simplified GST compliance regime, under which they would pay tax quarterly but file one return annually. The overhaul also rationalises penalties, waives late fees and simplifies registration for eligible small e-…