Business
Government Plans To Borrow Rs 14-15 Lakh Crore Through Bonds
MUMBAI: The Centre is likely to announce a borrowing plan of Rs 14-15 lakh crore through dated securities in the Budget for FY26, according to economists and treasury heads. Meanwhile, industry experts expect the fiscal deficit target for FY26 to be slightly lower than the initial 4.5% of the...
Centre Readies Roadmap For Steady Reforms, Broad Framework Likely In Union Budget
NEW DELHI: The government is set to unveil in the coming months the reforms approach that will guide its economic policy making over the longer term to sustain high growth rates, said a person aware of the deliberations on the matter. The broad framework may find a mention in...
Cracks At Some Small Finance Banks: RBI Suggests Merger To Mitigate Risks
KOLKATA: The Reserve Bank of India (RBI) is learnt to have developed ‘supervisory discomfort’ with a couple of small finance banks (SFBs) due to high concentration risks and rising asset quality stress. The banking regulator has also told these banks to explore mergers to gain scale and minimise concentration...
Government Looks To Position India As Manpower Supplier To World
NEW DELHI: Skilling and job creation will be a major theme in the Budget as government seeks to fill a critical gap and in the process boost income and demand in the economy. Indian companies are looking for skilled workers, including at construction sites within the country, and...
PM Pitches For Value-Added Exports, Hints At Policy Support
BHUBANESWAR: Prime Minister Narendra Modi on Tuesday hinted at a new set of policies aimed at promoting value-added exports from India, and reducing the reliance on imported goods. Emphasising the need for Indian industry to move up the value chain, he said the country should be exporting more finished...
Exports Of Drugs And Steel To US May Face Tariff Walls Soon
NEW DELHI: US President Donald Trump on Monday clubbed India with China and Brazil, calling them ”high-tariff countries,” and said his administration would very soon be putting tariffs on clutch of products, including pharmaceuticals, aluminium and steel, which are items of export interest to India. “In the very near...
RBI Liquidity Move Fuels Relief Rally
MUMBAI: The Reserve Bank of India’s (RBI’s) measures to ease the liquidity in the banking system by infusing around Rs 1.5 lakh crore led to a relief rally on Tuesday. Leading banking stocks like HDFC Bank, ICICI Bank and Axis Bank were the top gainers, contributing almost 90% to...
Lower Tax Rates, Stick To Fiscal Path To Boost Urban Consumption: Economists
NEW DELHI: To arrest the slowdown being witnessed in urban demand, the Centre should announce a slew of targeted-measures in the upcoming Union Budget for FY26, economists said. Many of them suggest that income tax rates, in the new tax regime, should be eased to give more disposable income...
Work From Home Unlikely To Quit India Inc Soon
BENGALURU: Work from home in India Inc is far from over. Data from active white-collar job listings shows that flexible work arrangements—once a rarity—are now a significant part of the hiring landscape. Around 23% of 290,000 active job postings this month are offering full-time hybrid or full-time remote work...
Govt Unveils Rs 20,000 Crore Plan To Hike Sail’s Bokaro Steel Plant Capacity
BOKARO: Union Minister H D Kumaraswamy on Monday unveiled a Rs 20,000-crore expansion plan for domestic steel giant SAIL’s Bokaro Steel Plant (BSL), which will augment its capacity to 7.55 million tonnes per annum (MTPA). The Bokaro Steel Plant, established in 1965, with the first blast furnace operation in...
Indian Oil Corporation Sets Capex Target For FY26 At Rs 33,000 Crore
NEW DELHI: State-owned major oil marketing company Indian Oil Corp (IOC) has set its capex target for the next fiscal year 2025-26 at Rs 33,000 crore against the capex target of Rs 35,000 crore in FY25, the company said on Tuesday. As of December, the company has incurred a...
Coal India Signs Pact With Cutin University, Western Australia For R&D In Critical Minerals
NEW DELHI: State-owned Coal India on Tuesday said it has entered into a pact with Curtin University, Western Australia for potential research and development in the area of critical minerals. The pact also includes collaboration and knowledge sharing for de-carbonisation and resources technologies. Both the entities have signed a...
Thermal, Coking Coal Prices Outlook Bearish For Next Two Years
CHENNAI: Thermal coal prices will likely decline in 2025 and 2026 on lower global consumption, while coking coal prices are expected to drop on weak steel production, analysts say. “Global (thermal) coal consumption is projected to decline in 2025 and contract further in 2026, following a modest 1 per...
India To Set The Ball Rolling On National Critical Mineral Mission With ₹15,000-20,000 Cr Outlay
NEW DELHI: India is looking at a probable ₹15,000-20,0000 crore outlay push for the National Critical Minerals Mission (NCMM) aimed at securing strategic resources like lithium, both within the country and overseas. The Mission is likely to be tabled for Cabinet approval tomorrow, highly-placed sources told businessline. Apart from...
Nine Ailing Central Public Sector Enterprises Headed For Closure
NEW DELHI: The Centre is considering the closure of nine ailing central public sector enterprises (CPSEs) including National Textile Corporation (NTC) along with its 5 subsidiaries, State Trading Corporation of India (STC), PEC Ltd and British India Corporation Ltd (BIC). A draft Cabinet note on this matter is being...
RBI’s Rs 1.5 Trillion Liquidity Booster Raises February Rate Cut Hopes
MUMBAI: The Reserve Bank of India (RBI) on Monday announced a three-pronged measure to address tight liquidity conditions in the banking system, just 10 days before the six-member Monetary Policy Committee’s decision on the repo rate. These steps, according to bankers, are expected to inject about Rs 1.5 trillion...
Budget 2025 May Project Gross Tax Revenue Growth At 10.5-11 Per Cent
NEW DELHI: The upcoming Union Budget for FY26 is likely to target a gross tax revenue (GTR) growth of 10.5-11% over the revised estimates (RE) of FY25, according to official sources. The expected growth in GTR will result in a likely tax buoyancy of around 1, as nominal GDP...
Global Consumption Shifting To India, Emerging Asia From America And Europe: McKinsey
NEW DELHI: The global consumption pools are witnessing a significant shift from regions like North America and Western Europe to India and emerging Asia, according to a report by McKinsey Global Institute. This transformation highlights the growing importance of these regions in the global economic landscape, driven by rising...
