Business
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...
EU Seeks Easier Quality Control Certification Under Trade Deal
NEW DELHI: The European Union (EU) has sought easier certification process under India’s Quality Control Orders (QCOs) during negotiations on a free trade agreement (FTA). The issue of QCOs was discussed in depth for the first time during the 11th round of negotiations here last month. While no text-based...
Long Approval Process, Recovery Snags Make PSUs Wary Of TReDs
MUMBAI: The Trades Receivables e-Discounting Systems or TReDs platform, launched in 2016, to facilitate credit to medium, small and micro enterprises (MSME) has seen a slow offtake. Currently, its outstanding as a percentage of overall MSME outstanding has barely increased to 2.66% in FY25 from 0.58% in FY22, according...
India’s Infra Sector Faces Revenue, Margin Pressure In Q4FY25 Despite Rise In Order Inflows: Nuvama Research
NEW DELHI: India’s infrastructure sector witnessed a mixed performance in the fourth quarter of FY25, with revenues and profit margins under pressure despite improvement in order inflows, according to a report by Nuvama Research. The report said the aggregate topline of the top-14 listed infrastructure companies contracted by 4...
World Bank Retains India’s FY26 Growth At 6.3 Per Cent Amid Global Uncertainties
WASHINGTON: World Bank on Tuesday pegged India’s economic growth projection at a lower level of 6.3 per cent for 2025-26 due to pressure on exports emanating from global uncertainties, though the country will remain the fastest growing major global economy. In April, the World Bank had lowered India’s growth...
States Seek Higher Share In Tax Kitty, Citing Population & GDP Contribution
NEW DELHI: Most states have requested the 16th Finance Commission for an increase in their respective share in the tax devolution kitty, citing reasons ranging from poverty level and population count to contribution to the nation’s economic growth and prosperity. And, almost all of them were unanimous in one...
Swiss Firms Keen To Expand India Presence As FTA Implementation Draws Near
NEW DELHI: Several Swiss companies are keen on forming joint ventures with Indian firms, scaling up their India operations and localising production to serve the global market, as the free trade agreement between India and the four-member European Free Trade Association (EFTA) is expected to be implemented by September....
FM Bats For Common KYC, Reducing Unclaimed Assets
NEW DELHI: Finance minister Nirmala Sitharaman on Tuesday asked the Financial Stability and Development Council (FSDC) to focus on a common ‘know your customer’ (KYC) regime, reduce unclaimed assets, and expedite refunds of unclaimed amounts across the financial sector and promote financial inclusion. The comments came at the 29th...
Equity Mutual Fund Inflows At 13-Month Low
MUMBAI: Inflows into mutual fund equity schemes in May hit their lowest levels in 13 months at Rs 19,013 crore. The May inflows were down 22% month-on-month, according to data from the Association of Mutual Funds in India (Amfi), with investors staying cautious despite stocks rebounding from their March...
Land, Urban Planning Among Key Reforms Required For Capex Loans
NEW DELHI: Digital public infrastructure for agriculture, efficiency in financial management, urban planning and land-related reforms are among the conditions for states to qualify for tied component of 50-year interest-free capex loans from the centre. A total of Rs 52,000 crore is earmarked for release to states if the...
Foreign Flows Stay Muted As Bond Yields Rise After Monetary Policy
MUMBAI: Bond markets have entered a phase of profit-taking as investors reassess their positions amid concerns about a prolonged pause in policy rates by the Reserve Bank of India (RBI). On Monday, the 10-year G-Sec closed higher at 6.28%, up 5 basis points (bps) from its Friday’s close of...
NHAI Plans Public InvIT, TOT Revamp
NEW DELHI: For the first time, retail investors will become equity holders in highway assets owned by the National Highway Authority of India (NHAI), as it seeks to tap the monetisation route more aggressively. The principal state-run highway construction agency is planning to launch a “public” infrastructure investment trust...
Rethink Auction, Fast-Track Exploration: Industry To Government
NEW DELHI: In November 2023, India started auction of critical minerals, and in March this year, the country also saw the first-ever auction of exploration licences for rare earth, zinc, diamond, copper, and platinum-group elements. Also, the first-ever auction of undersea mineral reserves took place in November 2024. The...
