Business
India Needs $145 Billion Annual Energy Investment To Align Growth With Climate Goals: Wood Mackenzie
NEW DELHI: India will need to mobilise average annual investments of about $145 billion in its energy sector to bridge the gap between sustained economic growth and its net-zero ambitions, Wood Mackenzie said on Tuesday, outlining a critical pathway to maintain around 6 per cent GDP growth through 2035...
EU, India Agree On Technical Dialogue To Ease Market Access Under CBAM Rules
NEW DELHI: India and the European Union have agreed to set up a technical dialogue to address market access challenges faced by Indian exporters under the EU’s Carbon Border Adjustment Mechanism (CBAM), even as the carbon tax itself remains outside the scope of the free trade agreement (FTA). Commerce...
NITI Aayog Calls For Tighter Norms To Fix India’s Waste Tyre Recycling Gaps
MUMBAI: As India’s automobile fleet expands rapidly, the country is staring at a growing challenge of managing end-of-life tyres (ELTs), prompting NITI Aayog to call for tighter regulation, better traceability and stronger domestic markets for recycled tyre products. A new NITI Aayog assessment said tyre production is projected to...
Indian Households Spend 25% Of Their Total Wallet Share On Buying Insurance
MUMBAI: Rising risk awareness and protection-led spending have seen insurance emerge as one of the biggest priorities for Indian households. Of the Rs 100 withdrawn from ATMs, Rs 25 in 2025 was spent on insurance purchases, according to a CMS Consumption Report. On a year-on-year (Y-o-Y) basis, insurance spending...
States’ Capex Growth Slowed To 10 Per Cent In FY25
NEW DELHI: States’ capex grew by 10% in FY25 to Rs 8.9 lakh crore, a lower increase compared to the previous three post-pandemic years, mainly because of election-related disruptions. States’ capital expenditure has shown a strong upward trajectory over five years, supported by the Centre’s interest-free 50-year capex loans....
India-EU Summit Begins On Tuesday, To Focus On Security And Defence Ties
NEW DELHI: India and the European Union (EU) will upgrade their strategic partnership, signed in 2004, by inking a pact on Security and Defence Partnership (SDP), which is set to look at possibilities of Indian participation in European defence initiatives. On Tuesday, at the 16th India-EU summit, the EU...
RBI Nudges Banks Towards Direct Priority Sector Lending
MUMBAI: The Reserve Bank of India’s latest changes to priority sector lending (PSL) norms are aimed at pushing banks towards direct lending and tighter borrower-level accountability, while reducing reliance on indirect routes such as on-lending through NBFCs, bankers and industry experts said. “The idea behind these changes is that...
Weight Of Manufacturing & Electricity Set To Rise In New IIP Series, Mining To Fall
NEW DELHI: The index of industrial production (IIP), which is moving to a chain-based series with annual resets, is also expected to see an increase in the weights assigned to electricity and manufacturing, while weightage for mining is set to decrease. This is part of the overhaul of the...
Government Gets Proposals To Push Divestment Amid Weak Show
NEW DELHI: Amid a weak disinvestment performance so far this financial year, there are at least two proposals on the table to step up privatisation and use the proceeds for specific purposes. Industry body CII, govt departments and think tank NITI Aayog have proposed that govt should significantly step...
Trump Show And Global Uncertainty Define Davos 2026 As India Woos Investors
DAVOS: The World Economic Forum’s annual meeting ended on Friday with a sombre assessment of the global outlook, as leaders warned of mounting geopolitical tensions, protectionism, rising debt, misinformation, declining trust and risks posed by artificial intelligence. Against this backdrop, India sought to strike a more optimistic note, with...
FDI Inflows To India Surged By 73 Per Cent To $47 Billion In 2025: UN
UNITED NATIONS: The FDI inflows to India in 2025 surged by 73 per cent to $47 billion, mainly due to large investments in services and manufacturing, supported by policies aimed at integrating the country into global supply chains, the UN said. The Global Investment Trends Monitor, released by the...
Manufacturing, Services Activity Up In January At 59.5, But Below 2025 Average
MUMBAI: The manufacturing and services sectors activity rose to 59.5 in January from 57.8 in December, but the number is below the average printed in the previous year, according to private survey. This seasonally adjusted index, which tracks month-on-month changes in the combined output of the two sectors, indicated...
India Joins WEF Initiative To Reskill 850 Million People Globally
DAVOS: The World Economic Forum (WEF) on Friday announced a major global initiative to invest in skill development that will reach more than 850 million people. It also announced the launch of new skills and education accelerators in India and Jordan, strengthening a global network of 45 national accelerators...
States’ Gross Fiscal Deficit Topped 3% In FY25 After 3 Years: RBI Report
MUMBAI: States’ consolidated gross fiscal deficit increased to 3.3 per cent of gross domestic product (GDP) in 2024-25, after remaining below 3 per cent during the previous three financial years, the Reserve Bank of India (RBI) said in a report titled ‘State Finances: A Study of Budgets of 2025-26’....
European Union Suspends GSP Export Benefits; To Impact India’s Shipments
NEW DELHI: The European Union (EU) has suspended export benefits to sectors such as textiles and plastics under a preferential scheme for India and two other countries from January 1, a move that will impact the country’s shipment to the 27-nation bloc. The development is important as the two...
All About New GDP Series That Could Alter Growth Data
NEW DELHI: National Statistical Office (NSO) released the advance estimates for 2025-26 indicating annual GDP growth of 7.4%, with a decadal growth of 5.9% (2015-2026). The growth is fairly robust growth given the need for structural changes, global uncertainties and pandemic. This would be the last GDP estimates of...
Railways’ Trucks-On-Trains To Ease Highway Congestion
NEW DELHI: Indian Railways has formally launched the ‘Trucks-on-Trains’ service, also called ToT, as part of its Dedicated Freight Corridor program, and widely known as DFC. It aims shift in the transportation industry, focusing entirely on speedy, eco-friendly, and efficient freight transport. The Indian Rail Ministry confirmed on Thursday...
Engineering Goods Exporters Seek Lower Tax, Faster GST Refunds For Manufacturing MSMEs In Budget 2026
NEW DELHI: The Engineering Export Promotion Council of India (EEPC India) has asked for a reduction in income tax for non-corporate manufacturing micro, small and medium enterprises (MSMEs) to 25% and quicker release of goods and services tax (GST) refunds, as part of its recommendations for the Union Budget...
