Business Standard

Business metrics can become counterproductive when underlying economics change, making it essential for leaders to periodically reassess whether measures still encourage the right behaviour

Govt cuts import duty on refined palm oil and soybean oil to 27.5%

An SBI official says the UPI merchant discount rate could cover the bank's transaction costs and leave a small surplus, while merchants may split payments to avoid the fee

RBI Deputy Governor Poonam Gupta sees a case for rupee appreciation as the current account deficit shrinks and capital flows improve, potentially later this financial year.

Uttar Pradesh plans to light around 3 million diyas at Deepotsav 2026 and invite public suggestions through the MyGov portal, with young people involved in preparations

ADB, OECD, Fitch and S&P Global raised their India FY27 growth forecasts to 6.9-7.1%, citing resilient domestic demand, investment and industrial activity

Growth averaged 4.5% post 2015 compared to 3 per cent between 1967-1995 and 1996-2014

PM's Principal Secretary flags risks from fragmented global alliances, vulnerable supply chains and rising trade barriers, while calling for stronger manufacturing

The Organisation for Economic Co-operation and Development (OECD) on Wednesday raised India's GDP growth projection for current fiscal by 80 basis points to 7.1 per cent citing resilient domestic demand and government policies that cushioned households and firms from the impact of higher energy prices. In June, the Paris-based inter-governmental body had projected the Indian economy to grow at 6.3 per cent in 2026-27. OECD said structural policy reforms that enhance the ability of economies to c

State-run oil marketing companies are facing mounting losses on petrol and diesel sales as a surge in crude prices outpaces unchanged domestic fuel prices, rating agency ICRA said. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) are losing Rs 8 a litre on petrol, and Rs 9 on diesel, while under-recoveries on domestic liquefied petroleum gas (LPG) stood at about Rs 300 per cylinder, ICRA said. At these levels, the daily loss to

The Reserve Bank on Wednesday absorbed Rs 75,026 crore from the banking system through an overnight variable rate reverse repo (VRRR) auction amid surplus liquidity. The central bank received bids worth Rs 87,993 crore for a notified amount of Rs 75,000 crore, but it accepted only Rs 75,026 crore, according to the notification. The bids were accepted at a cut-off and weighted average rate of 5.24 per cent. The RBI has been conducting various VRRR auctions since last month to absorb excess liquid

ADB raised India's FY27 growth forecast to 7 per cent from 6.6 per cent on strong investment and services exports, while cutting its FY28 estimate to 7.1 per cent from 7.3 per cent

The Asian Development Bank (ADB) on Wednesday raised its forecast for India's economic growth in the current fiscal to 7 per cent, up from 6.6 per cent projected in July, citing stronger-than-expected economic performance in the first quarter despite supply-side disruptions caused by West Asia crisis. In its Asian Development Outlook (ADO) September 2026, the multilateral lender said, The revision reflects India's stronger-than-expected economic performance, with GDP expanding by 7.8 per cent ye

The HSBC Flash PMI data for September pointed to a firmer improvement in business conditions across Indias private sector economy. Output growth ticked higher at both manufacturing and services companies, with goods producers leading the latest upturn. Aggregate new orders also rose at a quicker pace, prompting a solid expansion in jobs. Meanwhile, inflationary pressures faded and business confidence strengthened. The HSBC Flash India PMI Composite Output Index a seasonally adjusted index that m

India's private sector activity rose to a three-month high in September as manufacturing and services output improved, while new orders and hiring also gained momentum

Sitharaman said India has proposed working groups on international taxation and transfer pricing, and revenue statistics to deepen cooperation among Brics tax administrations

India's private sector growth strengthened in September, with the HSBC Flash Composite PMI rising to 56.5 from 54.3 in August, led by manufacturing

Fitch Ratings on Wednesday raised India's GDP growth forecast for the current fiscal year to 6.9 per cent, from 6.4 per cent, citing strong economic growth in the June quarter and overall economic resilience. According to Fitch, India's economic momentum is likely to moderate over the remaining fiscal year, prompting the Reserve Bank of India (RBI) to increase interest rates by 0.25 per cent in its October monetary policy meeting. A growth rate of 7.8 per cent in the June quarter indicates that

The Consulate General of India in New York, in collaboration with ReNew and the US-India Strategic and Partnership Forum (USISPF), hosted a roundtable on 'US India PartnershipIn a post on X, the Consulate said that the discussion brought together more than 40 participants from industry, academia, investment, government and civil society, and focused on strengthening cooperation in artificial intelligence, energy and digital infrastructure.Secretary, Ministry of New and Renewable Energy Santosh K

S&P Global Ratings on Wednesday raised India's GDP growth projections for the current fiscal to 7 per cent, citing robust economic activity and forecasting that the RBI could hike interest rates by 25 basis points in FY27. In its Economic Activity for Asia Pacific report, S&P estimates consumer inflation to average 5.1 per cent in FY27. The Indian economy grew higher than expected at 7.8 per cent in the June quarter. S&P said factors like robust industrial activity, healthy consumption, strong g

The policy provides financial and administrative support to companies establishing Global Capability Centres in Uttar Pradesh

District estimates reveal high concentration

Finance Minister Nirmala Sitharaman called for greater trust and transparency, saying businesses should engage early with the government and regulators to resolve differences

Most of the 36 participating economists expected inflation-adjusted incomes to fall or stagnate in nearly every geography with India and South-East Asia being the notable exceptions

Businesses want the GST Council to allow accumulated input tax credit to pay reverse-charge liabilities, saying the cash-payment requirement blocks working capital

Current vacancies on the National Career Service portal fell to 196,773 in June from 517,431 in May, even as the number of active employers more than doubled

The rupee settled at 95.59 per dollar as falling crude prices and likely dollar sales by state-run banks supported the currency; the 10-year bond yield fell 4 bps

The insurance regulator has removed the requirement for prior approval to repatriate dividends by insurance intermediaries with majority foreign ownership

The central bank says subsequent novation after an OTC derivative contract has been accepted for settlement by a central counterparty will follow the revised directions

Oil Minister Hardeep Singh Puri said sustained dialogue between producers and consumers was essential to support investment, energy resilience and reliable supplies

The US-Iran conflict has pushed up oil prices, disrupted trade and raised inflation risks, but its economic impact varies across major economies

Finance Minister Nirmala Sitharaman said rising wages and upward mobility would lift discretionary spending, while warning companies against focusing only on urban premium consumers

India's economy is likely to lose some momentum in the second half of fiscal 2026-27 as tighter financial conditions, elevated energy prices and unfavourable base effects weigh on activity, while broadening inflation pressures could keep monetary policy focused on price stability, DBS Bank economist Radhika Rao said. India started FY27 (April 2026 to March 2027 fiscal year) on a strong footing, with the economy growing 7.8 per cent year-on-year in the first quarter, supported by resilient domest

India spent $24.4 billion more on crude in April-August despite a 0.4% fall in import volumes as prices rose in international markets amid supply concerns due to the West Asia conflict

The rate rejig exercise also withdrew compensation cess on most products, while retaining it on tobacco products until the outstanding compensation-cess loan and interest liabilities were discharged.

Space is one of the few technology-intensive arenas where India is relevant. It offers a playbook for other sectors

Public sector banks have issued advisories asking customers to complete important transactions in advance and use digital channels during the September 28-30 strike.

The new framework, effective April 2027, also tightens investment reclassification rules and revises capital treatment for debt funds and other instruments.

Small and medium businesses led MSME credit growth as lending became more concentrated in established industrial and trading clusters across key districts

FMCG companies expect consumer sentiment to remain strong during the festive season, though uneven rainfall and inflation from West Asia tensions pose risks to demand.

Inflows through RBI's concessional forex swap window topped $143.5 billion by September 18, with FCNR(B) deposits accounting for the bulk at nearly $133 billion.

The Reserve Bank of India (RBI) on Monday accepted bids worth Rs 25,000 crore in the second tranche of its open market operation (OMO) sale of government securities, as it stepped up efforts to absorb surplus liquidity from the banking system. The RBI accepted Rs 11,512 crore of the 6.10 per cent GS 2031, Rs 8,758 crore of the 7.95 per cent GS 2032, Rs 2,300 crore of the 6.75 per cent GS 2029, Rs 2,250 crore of the 7.17 per cent GS 2030, and Rs 180 crore of the 7.17 per cent GS 2028, according t

The new series replaced the 2011-12 base year in June and expanded the core sector basket to nine industries from eight, with the inclusion of iron ore

NITI Aayog's former vice-chairman Rajiv Kumar on Monday suggested the government to continue with zero-fee UPI transactions for at least a few more years until the currency-to-GDP ratio shows some tendency to decline, and then review the situation. Kumar told PTI that he is not in favour of charging any fee from merchants for using UPI for any transaction value, and the government should treat it as a public good with extensive positive externalities. Their overall benefits well far outweigh the

S&P Global Ratings on Monday said the USD 127 billion mobilised by Indian banks through a special deposit scheme to attract US dollars is a shot in the arm for Indian banks as it has eased the tough funding conditions and boosted liquidity. Indian banks raised a record USD 127 billion in deposits through foreign currency non-resident bank (FCNRB) accounts between June 8 and August 31, 2026. S&P said the amount is equivalent to about 4.5 per cent of the banking system's deposit base as of March 3

The new US law empowers President Donald Trump to impose tariffs on countries that purchase Russian crude - a list that includes India

The bill authorises Trump to impose stiff tariffs of up to 100% on China, India, and other countries to reduce their dependence on Russian energy

The India-New Zealand Free Trade Agreement will come into force on October 20, Commerce and Industry Minister Piyush Goyal said on Monday. The two countries had on April 27 signed the Free Trade Agreement (FTA) to boost two-way commerce in goods and services and promote investments. The agreement will come into force on Dussehra, which is on Oct 20, Goyal said. The FTA provides duty-free access for 100 per cent of India's exports to New Zealand. Currently, New Zealand maintains peak tariffs of u

The policy provides financial assistance and administrative facilitation to eligible producers who shoot films or digital audiovisual productions in Uttar Pradesh

India's policy calendar this week will track infrastructure output, business activity and forex reserves