NEW DELHI: India’s retail inflation rate in May accelerated to 3.93 per cent from 3.48 per cent in April, nearing the Reserve Bank of India’s (RBI’s) 4 per cent target, as food and transport costs edged higher, the data released by the National Statistics Office (NSO) on Friday showed....
NEW DELHI: The government has capped diesel sales to a vehicle in a day at 200 litres and restricted industrial, commercial, and institutional users from buying petrol and diesel from petrol pumps in a bid to prevent local shortages amid global supply disruption, according to an official order. Retail...
MUMBAI: Corporate bond issuances surged, with borrowers raising around ₹27,000 crore this week as a decline in bond yields lowered borrowing costs and encouraged issuers to tap the market. The issuance pipeline remains active, with Housing and Urban Development Corporation (HUDCO), Small Industries Development Bank of India (SIDBI), and...
NEW DELHI: The Centre has proposed a single regulatory framework for television and radio broadcasting services, extending the obligation of airing programmes on “themes of national importance and social relevance” from TV channels to private radio services. The draft Telecommunications (Television, Radio and Associated Services) Rules, 2026, made public...
After more than a decade, India is once again turning to its 35 million-strong diaspora for support. This time, banks are mounting a global campaign to attract more than $50 billion in deposits from overseas nationals as policymakers seek to bolster foreign exchange reserves and support a battered rupee....
By Dr. Nilanjan Banik The Indian economy, to quote from Charles Dickens’ novel, looks like A Tale of Two Cities. Recent estimates suggest India’s real GDP expanded by 7.8%, with strong growth noted across sectors: services (9.3%), manufacturing (10.7%), and construction (7.4%). Consumption expenditure, which is the largest component...
By Dr. Gyan Pathak Dismissal of the writ petition filed by Congress candidate Meenakshi Natarajan for Rajya Sabha Election from Madhya Pradesh against allegedly unfair rejection of her nomination papers by the Returning Officer is a significant development, since it was only yesterday June 11, the Supreme Court of...
By T N Ashok Only six months ago, India appeared to be enjoying what Reserve Bank of India Governor Sanjay Malhotra described as a “Goldilocks moment” — inflation was under control, growth was among the highest in the world, foreign exchange reserves were comfortable, and the Narendra Modi government...
By Nilotpal Basu There is disquiet. There is expectation, if not desperation, to move ahead. Coming in the backdrop of assembly elections outcome, this present conjuncture appears to be unreal. The BJP-RSS is busy authoring a narrative that the BJP as a political force is invincible and, more importantly,...
By Krishna Jha Official celebrations are on as Narendra Modi government completes its twelve years in office. Among the achievements, we have indications of constant decay in our democratic ethos. Economy faces doom and has reached a dire state during this period. Practically no economy in the world today...
By Rahil Nora Chopra The Congress has declared a nationwide protest against the Centre’s recent failures over the CBSE-NEET paper leak/on-screen marking issues, as well as unemployment, inflation, and economic crises. The decision about the countrywide agitation was taken at the party meeting chaired by Congress chief Mallikarjun Kharge,...
By Raju Kumar BHOPAL: Efforts to improve school education in Madhya Pradesh are not new. Over the years, successive governments have experimented with different models aimed at strengthening government schools and making them more attractive to parents. Excellence Schools, Model Schools, Kanya Shiksha Parisars and other specialised institutions have...
By Marlon Ettinger PARIS: “Ladies and gentlemen, comrades, I give you your candidate for the 2027 presidential election, Jean-Luc Mélenchon!”This past Sunday, tens of thousands of people filled the streets of Saint-Denis in Paris’s northern suburbs. Despite the sun beating down, they’d come to watch left-winger Mélenchon launch his...
NEW DELHI: GAIL (India) Ltd leads 63 Central public sector enterprises and four other organisations in spending more than one-fourth of the annual target of capital expenditure in first two months of the fiscal year 2026-27 (FY27), data from Department of Public Enterprises (DPE) showed. Overall target for capital...
NEW DELHI: The World Bank on Thursday raised its economic growth projection for India by 10 basis points (bps) to 6.6 per cent for the current financial year 2026-27 (FY27), citing resilient domestic demand. It also raised India’s gross domestic product (GDP) growth forecast for FY28 by 60 bps...
MUMBAI: Indian companies are rushing to raise ??short-term debt after the central bank’s measures to support the rupee triggered a sharp fall in borrowing costs, four merchant bankers said. Companies, led by non-banking financial firms, are raising more than 310 billion rupees ($3.24 billion) through up to five-year bonds...
MUMBAI: Indian lenders have sought clarity from the Reserve Bank of India (RBI) on whether domestic banks can leverage the foreign currency non-resident bank deposit scheme by extending loans to depositors through their overseas branches, bankers said. This follows the RBI’s decision to allow depositors to borrow from...
NEW DELHI: Centre has barred industrial, commercial and institutional users from purchasing petrol and diesel from retail fuel outlets, rather switch to bulk sellers. On Wednesday, the Ministry of Petroleum and Natural Gas issued the Motor Spirit and High Speed Diesel (Temporary Regulation of Supply through Retail Outlets) Order,...