BHUBANESWAR: In a decisive leap for indigenous strike capability, India successfully flight-tested its first homegrown glide weapon from an airborne platform off the Odisha coast, defence officials said on Friday. The success of the Tactical Advanced Range Augmentation (TARA) weapon system’s maiden test came exactly one year after Operation...
NEW DELHI: Amid mounting concerns over a widening global employment crisis, a new economic framework has been proposed as a possible solution to what experts warn could become one of the world’s biggest socio-economic challenges in the coming decade. Deepak Sharma, founder of the Human Capital Monetisation Economic System...
NEW DELHI: With the Trump Administration’s aggressive tariff policy suffering judicial setbacks for the second time since February, New Delhi may slow down on a bilateral trade agreement (BTA) with the US. A U.S. Court of International Trade in a 2-1 decision Thursday held that Trump’s latest 10% temporary...
NEW DELHI: The Central Board of Direct Taxes (CBDT) has said a major compliance change is mandatory disclosure of bank balances under the revised income tax return forms for taxpayers filing ITR-4 for Assessment Year (AY) 2026-27. The government has been gradually increasing the disclosure requirements in ITR forms...
NEW DELHI: The cash gap for distribution companies is likely to remain high at 30–33 paise per unit in the current financial year due to limited tariff hikes and increased power purchase costs amid the addition of relatively higher tariff-based capacities, ratings agency ICRA said on Thursday. In the...
NEW DELHI: Ambassador of the European Union to India Herve Delphin on Thursday called for inclusion of investment liberalisation chapter in the free trade agreement (FTA) between India and the EU, and urged for early conclusion of the investment protection pact. India and the 27-nation bloc European Union (EU)...
NEW DELHI: India’s telecom regulator Trai wants mobile phone users to have a more efficient and consumer-centric process of filing and tracking complaints. On Thursday, Telecom Regulatory Authority of India (Trai) issued a draft amendment to the consumer complaint redressal rules, that were last amended nearly a decade...
NEW DELHI: Headline retail inflation is estimated to have edged higher in April, driven largely by rising prices in food and fuel segments. Consumer Price Index (CPI) inflation is pegged at a 15-month high of 3.9% year-on-year for April, according to the median of an FE poll of economists....
The banking sector fared quite creditably in FY26 notwithstanding tariff threats and war. Bank deposits grew by 13.5% and credit by 16.1%. The question now is, how will business be in FY27? Several developments in March and April have a bearing on banking this year. The GDP growth number...
NEW DELHI: India’s GDP growth is projected to moderate to 6.6 per cent in the current fiscal from the earlier estimated 7.1 per cent, and energy and food security reforms would be essential to achieve the Viksit Bharat goal by 2047, S&P Global said on Wednesday. S&P Global and...
NEW DELHI: India should adopt a dual-track approach, upholding the core principles of the multilateral system while selectively and strategically engaging in plurilateral initiatives that serve its interests, say experts. They said the World Trade Organisation (WTO) is relevant as countries are benefiting from its rules. These issues were...
NEW DELHI: India’s manufacturing sector remained resilient in the January-March quarter of 2025-26 despite rising input costs and disruptions linked to the West Asia crisis, with 93 per cent of manufacturers reporting higher or stable production levels, up from 91 per cent in the previous quarter, according to the...
NEW DELHI: The Economic Advisory Council to the Prime Minister (EAC-PM) called on the labour ministry to introduce phased reforms in parental leave policies, noting that its framework remains minimal and fragmented, with no statutory mandate for such leave in the private sector. The paper, titled Re-imagining the Care...
NEW DELHI: Unregistered businesses or unincorporated enterprises grew by 8 per cent to reach 7.92 crore and added 74.52 lakh jobs between January and December 2025, according to a government survey released on Wednesday. The Annual Survey of Unincorporated Sector Enterprises (ASUSE) captures key economic and operational characteristics of...
NEW DELHI: The government will now clear all FDI proposals within 12 weeks as per the updated standard operating procedure (SOP) for processing foreign direct investment applications. According to the SOP, up to 12 weeks’ time has been fixed for a decision on the proposals, excluding the time taken...
NEW DELHI: The Cabinet on Tuesday approved two more semiconductor manufacturing units with cumulative investment of more than Rs 3,936 crore, Union Electronics and IT Minister Ashwini Vaishnaw said. The semiconductor projects have been approved under India Semiconductor Mission (ISM), which includes the country’s first commercial mini/micro-LED display facility...
UNITED NATIONS: India received more than 137 billion dollars in remittances in 2024, the top remittance recipient country in the world and the only nation to surpass 100 billion dollars, the UN agency on migration said. “India consistently leads as the top recipient of remittances, followed by Mexico,” the...
MUMBAI: India’s growth story is being underestimated, and the country’s investment contribution to growth is being overlooked, Poonam Gupta, Deputy Governor of the Reserve Bank of India (RBI), argued on Tuesday. She said that India is habitually described as a consumption-driven economy and investment’s contribution to growth is routinely...