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,...
NEW DELHI: India discussed expanding legal migration pathways for skilled workers and forging mutual recognition of qualifications with several advanced economies, including France, the UK and US, South Korea, and Canada, during the 114th Session of the International Labour Conference (ILC) in Geneva, the Ministry of Labour & Employment...
NEW DELHI: India must focus on moving surplus labour out of agriculture into industry, services, and other productive sectors in the medium- to long-term, create efficient markets for farmers, and gradually replace commodity-linked subsidies with direct income transfers if it wants to address the structural challenges facing the farm...
NEW DELHI: Government plans to raise the issue of the US decision to impose a 100% duty on patented drug imports from India, seeking tariff parity to safeguard the interests of domestic manufacturers. The matter is expected to figure during the trade negotiations with Washington, with New Delhi seeking...
MUMBAI: The Reserve Bank of India (RBI) has allowed banks to lend to real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) based on the cash-flow track record of underlying assets, replacing the draft proposal that required such trusts to complete three years of operations before becoming eligible...
MUMBAI: The Reserve Bank of India (RBI) on Wednesday consolidated regulatory instructions relating to risk management, compliance and internal audit functions for commercial banks, requiring lenders to establish dedicated control functions headed by a chief risk officer (CRO), chief compliance officer (CCO) and head of internal audit (HIA). The...
NEW DELHI: Amid an uncertain global situation owing to ongoing regional wars, India’s economy expanded 7.8 per cent in the January-March quarter, exceeding forecasts on strong domestic demand and government expenditure. The GDP growth compared with 7 per cent expansion a year back and 8 per cent in the...
NEW DELHI: Findings by the World Inequality Lab in ‘Global Justice Report: A Plan for Equality and Prosperity With Planetary Boundaries’ indicated that India is likely to surpass China in terms of its share of global GDP measured in purchasing power parity (PPP) by 2060. The report also added...
MUMBAI/NEW DELHI: The Reserve Bank of India (RBI) and the central government unveiled a package of measures on Friday aimed at attracting foreign capital amid the West Asia crisis, with economists estimating the steps could generate up to $50 billion in inflows — potentially enough to cover much of...
MUMBAI: The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) has left the policy repo rate unchanged at 5.25 per cemt for a third consecutive meeting, citing mounting global uncertainties, including the absence of a peace deal between the US and Iran. The central bank...
NEW DELHI: The ongoing West Asia conflict poses significant supply- and demand-side risks to India’s economy. However, high-frequency indicators through April and early May 2026 suggest that domestic demand and economic activity have remained resilient despite emerging signs of stress, Chief Economic Adviser V. Anantha Nageswaran said on Friday....
NEW DELHI: India and the US on Thursday wrapped up another round of discussions on an interim trade deal, as both sides sought to bridge gaps in their respective positions. A statement issued by the government after the conclusion of the bilateral talks that began on Monday was, however,...
NEW DELHI: India’s informal enterprises are getting a productivity and formalisation push from digitalisation, with a one-unit increase in digital adoption being associated with roughly a 76 per cent rise in labour productivity, according to an analysis of the Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025 by SBI...
NEW DELHI: India is likely to pursue an investment commitment, similar to provisions in some of its latest free trade agreements (FTAs), under the proposed Comprehensive Economic Partnership Agreement (CEPA) with Canada, an official aware of the matter said. “Both sides will sit together to decide what quantum of...