NEW DELHI: India has emerged as one of the most resilient large emerging markets in weathering multiple global shocks over the past five years, Moody’s Ratings said on Tuesday. The rating agency also noted that India is well-placed to manage future shocks because monetary policy frameworks are clear and...
NEW DELHI: India must map and monitor key economic vulnerabilities, particularly in areas such as energy, food, fertilisers, metals, and critical minerals, and proactively address both supply disruptions and price volatility to mitigate the impact of future West Asia-like crisis, a top government official said on Monday. Economic Advisory...
NEW DELHI: India’s private sector manufacturing activity growth recovered in April on the back of a sharper export rise, after plummeting to a four-year low in March due to the West Asia situation, data compiled by S&P Global on Monday showed. HSBC’s India Manufacturing Purchasing Managers’ Index (PMI), which...
SAMARKAND (UZBEKISTAN): Asian Development Bank (ADB) President Masato Kanda on Monday called on countries in Asia and the Pacific to strengthen cross-border cooperation to build resilience and ensure inclusive growth in an increasingly fragmented world. Speaking at the inaugural session of ADB’s 59th Annual Meeting, Kanda said the region...
NEW DELHI: The Material Recycling Association of India (MRAI) has called for the creation of a centralised nodal authority or a dedicated ministry for recycling and circular economy, citing structural bottlenecks that are hindering effective policy implementation. Drawing from industry experience, MRAI President Sanjay Mehta said frequent administrative transfers...
NEW DELHI: India’s direct tax collections after refunds grew at a five-year low of just 5.12% year-on-year in FY26 (provisional figures) and fell short of the revised estimates of Rs 24.21 lakh crore by Rs 80,594 crore, according to data released by the Central Board of Direct Taxes (CBDT)...
NEW DELHI: The West Asia war has begun to cause fiscal prressure, by raising questions over tax revenue buoyancy, but the government will maintain its capital expenditure at the budgeted level in FY27, Expenditure Secretary V. Vualnam said on Friday. Responding to a question on whether India’s Goldilocks phase...
NEW DELHI: Economists see a severe hit to the economy in terms of growth, inflation and consumption demand if crude oil — which crossed $126.4 a barrel this week, the highest since March 2022 — continues to trade higher for longer. Analysts predict that if crude remains above the...
NEW DELHI: Net and gross goods and services tax (GST) revenue grew 7.3 per cent and 8.7 per cent year-on-year (Y-o-Y), respectively, to record highs in April, driven primarily by a surge in import-linked collections. While net GST collection, after adjusting for refunds touched ₹2.11 trillion, gross GST collections...
NEW DELHI: The National Financial Reporting Authority (NFRA) has come out with “stringent” norms that’s going to force top firms to fix gaps in their audit practice within a specified period. According to the new norms issued by the NFRA, audit firms are mandated to submit a plan within...
NEW DELHI: A steep nearly 50% hike in commercial LPG cylinder prices may disrupt downstream processes in textiles, leather and tyre manufacturing. The latest increase in commercial LPG prices is the steepest on record, the cost of a 19-kg cylinder has risen by about ₹993 since May 1 amid...
NEW DELHI: India’s foreign direct investment (FDI) inflows are likely to cross the $90 billion mark in 2025-26 (FY26), according to a government official, with strong momentum driven by policy reforms, free trade agreements, and robust economic growth. Gross FDI inflows stood at $88.29 billion up to February in...
MUMBAI: The rupee hit a fresh low against the dollar, while yield on the benchmark 10-year government bond surged past 7 per cent-mark on Thursday, tracking the rise in crude oil prices amid the West Asia crisis, said dealers. Latest data released by the Reserve Bank of India (RBI)...
MUMBAI: The Securities and Exchange Board of India (Sebi) has introduced a fast-track mechanism for processing private placement memoranda (PPMs) of Alternative Investment Funds (AIFs), aiming to reduce timelines and facilitate quicker deployment of capital. Under the revised framework, AIFs—excluding large value funds for accredited investors (LVFs)—will be allowed...
Saudi Arabia and the United Arab Emirates sharply ramped up crude supplies to India in April, leveraging alternative routes to bypass the Strait of Hormuz disruption, even as traditional suppliers dropped out and Russian imports cooled, according to Kpler data. Saudi shipments rose about 23% month-on-month to 704,000 barrels...
NEW DELHI: The tweaks in the rules governing Foreign Direct Investment (FDI) from countries sharing land borders with India would soon be notified by the Department of Economic Affairs (DEA) and once that is done many of the investment proposals would go without prior approval, a senior official said...
NEW DELHI: In a puzzling development amid concerns about the impact of the war in West Asia, India’s outgoing factory output metric, the Index of Industrial Production (IIP), hit a series high in March, even as year-on-year output growth eased to a five-month low of 4.1 per cent, down...
VISAKHAPATNAM: Around 30 kilometres from Visakhapatnam, the village of Tarluvada sits quietly amid the green stretches of the Eastern Ghats, flanked by paddy fields and mango orchards. On Tuesday, this agrarian landscape became the site of one of India’s most ambitious technology infrastructure announcements, as Google initiated work on...