Business
India’s Exports Share Growth Among Fastest Over 2010-23
NEW DELHI: India’s export trajectory from 2010 to 2023 has shown a consistent and steady upward trend, reflecting the resilience and dynamism of its trade sector, an official said on Tuesday. Citing an UNCTAD report, the official said that over the 2010 to 2023 period, India has been one...
WPI Inflation Dips To 14-Month Low Of 0.39 Per Cent In May On Easing Food, Fuel Prices
NEW DELHI: Inflation measured by the Wholesale Price Index (WPI) fell to a 14-month low of 0.39 per cent for the month of May 2025 from 0.85 per cent in April, data released by the Ministry of Commerce and Industry showed on Monday. This is the third consecutive month...
Exports Dip 2.17% To $38.73 Billion In May, Trade Deficit At $21.88 Billion
NEW DELHI: After registering a positive growth for two months, India’s exports slipped into negative territory again, contracting 2.17 per cent year-on-year to $38.73 billion in May due to a fall in global petroleum prices, while trade deficit narrowed at $21.88 billion during the month. According to government data...
SEBI Board Meeting Likely To Offer Raft Of Relaxations
MUMBAI: The market regulator Securities and Exchange Board (Sebi) is likely to clear a raft of reforms/relaxations for market participants at the board meeting this Wednesday. This is the second board meeting under the chairmanship of Tuhin Kanta Pandey, who took charge on February 28 and is steading the...
No New Tariffs After Bilateral Trade Agreement: India Wants US Assurance
NEW DELHI: India wants an assurance from the US that no additional tariffs will be imposed by the Donald Trump administration once the bilateral trade agreement (BTA) is finalised, said people familiar with the matter. The deal is in the final stages of negotiation and both sides are hopeful...
As EU’s Green Trade Rules Kick In, India Works Policy Shifts
NEW DELHI: While India and the European Union (EU) are ready to close a key trade pact, various Indian ministries are working on several rulebook shifts to align with a slew of new, stricter ‘green’ regulations by the EU that will come into effect within a year and are...
India Moves To Conserve Its Rare Earths, Seeks Halt To Japan Exports, Sources Say
NEW DELHI: India has asked state-run miner IREL to suspend a 13-year-old agreement on rare earth exports to Japan and to safeguard supplies for domestic needs, two sources familiar with the matter told Reuters, aiming to reduce India’s dependence on China. IREL also wants to develop India’s capacity for...
Energy Prices Surge, India Faces Oil Supply Challenge
NEW DELHI: Crude oil prices jumped sharply on Friday, with Brent hovering around $78 a barrel before cooling a bit, posing a challenge to India’s energy supplies and a potential price shock. India imports as much as 88% of its crude oil requirements — much of it through the...
Iran-Israel Conflict Stalls Market Recovery As Sensex, Nifty Fall Again
NEW DELHI: India’s equity market is facing heightened selling pressure as geopolitical tensions in the Middle East escalated following an Israeli attack on Iranian soil. The strike and its ripple effects, including rising crude oil prices and global market volatility, have stalled the recovery seen in Indian equities since...
Domestic Chartered Accountant Firms Seek Norm Relief In Big Four Push
NEW DELHI: Domestic chartered accountant (CA) firms are seeking relaxation of existing norms even as the government works toward Prime Minister Narendra Modi’s vision of creating India’s own “Big Four” advisory firms. The firms have raised concerns over current regulations under the Chartered Accountants Act, 1949, and the Code...
RBI’s Loan-To-Value Limit Hike For Gold Loans To Support NBFCs
MUMBAI: The increase in the loan-to-value (LTV) ceiling provided in the final directions on gold loans by the Reserve Bank of India (RBI) will support the growth of non-banking financial companies (NBFCs) offering gold loans, according to a Crisil Ratings report released today. The benefit will still be applicable...
Finance Ministry Nudges Large CPSEs, Key Agencies To Boost Capex
NEW DELHI: The finance ministry is nudging large central public sector enterprises (CPSEs) and key government agencies to boost their capital expenditure (capex) in this financial year, said a senior official, amid scepticism over a broad-based rebound in private investments given the global turmoil. The move comes on top...
Retail Inflation Declines To 6-Year Low Of 2.82 Per Cent In May
NEW DELHI: Retail inflation dipped to an over six-year low of 2.82 per cent in May due to subdued food prices, remaining below the RBI’s median target of 4 per cent for the fourth consecutive month, according to government data released on Thursday. Consumer Price Index (CPI)-based retail inflation...
India’s Goods, Services Exports To Cross $900 Billion In 2025
STOCKHOLM: India’s goods and services exports during 2025-26 are expected to cross $900 billion despite the global economic uncertainties, Commerce and Industry Minister Piyush Goyal has said. Despite uncertainties due to the Russia-Ukraine conflict, Israel-Hamas war and the Red Sea crisis, the country’s overall exports touched an all-time high...
RBI Simplifies Process For Reactivating Inoperative Accounts, Reclaiming Deposits
MUMBAI: The Reserve Bank has issued new guidelines to activate inactive bank accounts and also to help get back unclaimed deposits. The new updated guidelines, which go into effect immediately, provide more flexibility by allowing KYC updates via any bank branch, video-based verification, and with the assistance of business...
NITI Aayog To Map Gender Equality Progress Across Districts
NEW DELHI: India plans to undertake a district wise assessment of the progress on the Sustainable Development Goal 5 (SDG 5) pertaining to gender equality and empowerment of women and girls. NITI Aayog along with the ministry of women and child development, has undertaken a detailed analysis of each...
Tougher Borrowing Norms For States To Enforce Discipline
NEW DELHI: To check states’ fiscal indiscipline, the Centre has tightened borrowing norms for them mandating that their annual loan limits for FY26 will be reduced based on their liabilities. A state’s shortfall in contribution to guarantee redemption fund (GRF), unpaid electricity subsidy, and unspent amounts in central schemes...
India Will Certainly Cross $825 Billion Exports This Fiscal: Commerce Minister
BERN: The world trade is facing severe geo-political challenges, but India has consistently emerged as a winner in such times and the country’s exports of goods and services will certainly cross $825 billion in 2025-26, Commerce and Industry Minister Piyush Goyal said. Despite global economic uncertainties due to the...
