NEW DELHI: The Centre has proposed two amendments to the Drugs Rules, 1945, aimed at easing the import of medicines and reducing regulatory hurdles for pharmaceutical research, as part of its broader push to improve ease of doing business in the sector. The Union Ministry of Health and Family...
NEW DELHI: A lasting peace in West Asia will restore India’s growth momentum with the GDP likely growing at 6.6-6.8% in FY27 if crude prices settle at relatively lower levels and shipments through the Strait of Hormuz normalise, according to EY. “A gradual normalisation of global energy markets is...
NEW DELHI: India’s BRICS Chairship seeks to place the Global South at the centre of a secure, resilient, equitable, and sustainable global energy future. The global energy landscape is undergoing rapid transformation. Nations are striving to balance economic growth, energy security and sustainability, while building resilience against geopolitical uncertainties...
MUMBAI: HDFC Bank on Friday said an external legal review by two law firms— Wilson Sonsini Goodrich & Rosati and Wadia Ghandy & Co—into concerns raised by former chairman Atanu Chakraborty’s resignation letter found “no contemporaneous support” for his allegations in board or committee records, meeting materials or related...
NEW DELHI: India and the United States reviewed the progress on an interim bilateral trade agreement during the two-day ministerial meeting, discussing issues, including market access, digital trade and non-tariff barriers, but gave no indication that all differences were resolved ahead of a key tariff deadline next month. Commerce...
MUMBAI: Government bond yields declined on Wednesday as market participants drew comfort from Reserve Bank of India Governor Sanjay Malhotra’s comments that it was premature to discuss interest rate hikes. The fall in crude oil prices also aided, dealers said. The yield on the benchmark 10-year government bond fell...
MUMBAI: Regulated entities will be required to put in place a board-approved model risk management framework (MRMF) covering all models, including artificial intelligence and machine learning (AI/ML) models, the Reserve Bank of India’s (RBI’s) draft Guidance on Regulatory Principles for Model Risk Management, released on Wednesday, said. The proposed...
NEW DELHI: First-ever monthly Index of Services Production (ISP) measuring the output of the country’s services industry for 2025-26, including the index for April, will be released on July 14, the Ministry of Statistics and Programme Implementation (MoSPI) said on Wednesday. Conceived as the services-sector counterpart to the long-standing...
NEW DELHI: S&P Global on Wednesday projected India’s economy to expand 6.6 per cent in FY27, citing rising energy costs, slower global growth and the likelihood of a below-normal monsoon as key risks to economic activity. In its latest Asia-Pacific Economic Outlook, the ratings agency said India’s real GDP...
NEW DELHI: When the government laid out its debt consolidation roadmap in the FY26 Budget, it attached an important caveat. Starting FY27, the Centre said it would aim to bring its debt down to around 50 per cent of GDP over five years, provided there were no “major macro-economic...
NEW DELHI: The World Trade Organization’s dispute settlement body on Tuesday agreed to set up a panel in a case filed by China against India over its measures for the solar cells, modules, and IT goods, an official said. China has alleged that India’s tariffs and incentive measures discriminate...
NEW DELHI: Businesses have expressed near-universal confidence in the goods and services tax (GST) nine years after its rollout, but they want GST authorities across states to adopt a more uniform approach while examining returns and compliance records, according to Deloitte India’s GST@9 survey released on Tuesday. The survey,...
MUMBAI: Despite the absence of a specific law prohibiting goods linked to forced labour across supply chains, Indian manufacturers ranging from textiles and apparel to auto components, processed foods and steel have put in place stringent frameworks, including multi-layered compliance mechanisms, traceability systems, documentation protocols and adherence to global...
MUMBAI: Indian banks are converging on a four-pillar cybersecurity framework comprising code and identity concealment, AI-driven threat detection, micro-segmentation, and zero-trust architecture as they prepare defences against frontier AI models capable of autonomously identifying software vulnerabilities, sources aware of the lenders’ action plans told ET. In such plans submitted...
NEW DELHI: Prospects of delayed kharif crop sowing and adverse impact on crop yield are looming large, as the southwest monsoon lost momentum after its onset earlier this month. Farmers in the rainfed regions of central India—especially Maharashtra (-82%), Jharkhand (-69%), Chhattisgarh (-67%), Madhya Pradesh (-48%) and Odisha (-47%)—are...
NEW DELHI: Merely getting a licence from the Department of Telecom (DoT) to provide satellite communication services will no longer be enough, companies will need security clearance even after assignment of spectrum to roll out their services, according to draft rules issued by the government. Satellite companies will get...
NEW DELHI: India and the United States will hold ministerial-level talks this week to give final shape to the first phase of the proposed bilateral trade agreement, with US Trade Representative Jamieson Greer set to meet Commerce and Industry Minister Piyush Goyal in New Delhi. “For the US trade...
NEW DELHI: Amid the West Asia conflict, goods exports rose nearly 15% during the first two-and-a-half months of the current financial year, sustaining the momentum seen during April. “Even now, if we see April, May and 14 days of June. I have data until June 14, it (exports growth)...