Business Standard

Finance Minister Nirmala Sitharaman says India can maintain its growth momentum despite geopolitical uncertainties and supply-chain disruptions

Government-funded affordability support and a wider domestic gas pool will cushion consumers from the impact of higher procurement prices paid to CBG producers

Record forex reserves and stronger credit flows provided support, but uneven monsoon rains, food-price interventions and external risks kept policymakers on alert

Foreign portfolio investors (FPIs) infused Rs 30,919 crore in Indian equities in August, extending their buying streak to a second straight month, amid improving corporate earnings, resilient economic activity, stable rupee and easing geopolitical concerns. The inflow follows Rs 20,200 crore invested in July, marking a sharp turnaround after four consecutive months of heavy selling. FPIs had withdrawn Rs 49,340 crore in June, Rs 32,963 crore in May, Rs 60,847 crore in April and a massive Rs 1.17

India needs 9.25% growth rate to meet PM Modi's 2047 developed-nation goal, according to Ashok Lahiri, a senior official at the country's apex government-run think-tank

The Finance Ministry will begin the exercise to prepare the Union Budget for 2027-28 from October 12 amid heightened global uncertainties and rising food and fuel prices. The Budget for the next financial year is expected to focus on the reform continuation exercise to further accelerate economic growth, along with measures to create jobs and boost domestic demand. Pre-budget meetings chaired by Secretary (Expenditure) shall commence from October 12, 2026. Financial Advisers shall ensure that ne

The GST Council will meet on September 12 and is likely to consider easing blocked input tax credit rules, refund norms and transfer of unutilised ITC

CNG will cost Rs 86.98 per kg in Delhi from August 29, with IGL citing higher imported spot LNG prices following renewed disruption around the Strait of Hormuz

Finance Minister Nirmala Sitharaman invited global investors to set up manufacturing bases, and technology and innovation centres in India, urging them to leverage talent and opportunity to build for the world. Addressing a high-level Business Roundtable with leading investors and business leaders in Chicago on Friday, Sitharaman highlighted India's broad-based growth, reform momentum and expanding opportunities for long-term investment. Sitharaman emphasised that India's investment proposition

Business Standard's State Fiscal Health Tracker compares states and Union Territories on own revenue as a share of total revenue receipts. Here's what the FY25 Budget Estimates show

Business Standard's State Fiscal Health Tracker compares states and Union Territories on gross fiscal deficit as a share of GSDP. Here's what the FY25 Budget Estimates show

CNG price in Delhi and adjoining cities will rise by Rs 3.89 per kg from Saturday, Indraprastha Gas Ltd said on Friday. In a statement, IGL said a significant portion of input gas for CNG is being met through imported LNG, whose rates in the spot or current market have seen a surge since the beginning of the West Asia conflict. With international LNG prices remaining elevated and the cost impact becoming increasingly significant, a calibrated revision of Rs 3.89 per kg has now become necessary t

The Reserve Bank of India (RBI) on Friday announced the buyback of government securities worth Rs 30,000 crore on September 3. The auction will take place on September 3, between 10:30 AM and 11:30 AM on the Reserve Bank of India Core Banking Solution (E-Kuber), the RBI said in a notification. The government will buy back securities such as 7.33 per cent GS 2026, 5.74 per cent GS 2026, 8.15 per cent GS 2026, and 8.24 per cent GS 2027, the notification said. The central bank has not notified any

Aggregate deposits decline by 6,534 crore and bank credit by 70,639 crore in the fortnight ended August 15; credit-deposit ratio moderates to 81.72 per cent

India's forex reserves jumped USD 12.422 billion to a new all-time high of USD 729.328 billion during the week ended August 21, the RBI said on Friday. In the previous reporting week, the kitty had increased USD 9.905 billion to USD 716.907 billion. The previous all-time high had stood at USD 728.494 billion was attained during the week ended February 27 this year, right before the onset of the Middle East conflict. Geopolitical tensions led to several weeks of a drop as the rupee and the RBI ha

Business Standard's India State Fiscal Health Tracker compares states and Union Territories on outstanding state guarantees as a share of GSDP. Here's what the FY25 Budget Estimates show

India's industrial output growth at 6.7% in July, shows govt data

A higher ratio means pension spending accounts for a larger part of the revenue available to the state. A lower ratio means pension expenditure takes up a smaller share of revenue receipts

The government has achieved about 78 per cent of the FY27 budgeted disinvestment and asset monetisation target of Rs 80,000 crore within 5 months of the financial year. The government has raised Rs 55,757 crore so far this fiscal through minority stake sale in 9 PSUs, including the big ticket ones like LIC and Coal India, as well as strategic sale of Indian Medicines Pharmaceuticals Corporation Ltd and remittances from SUUTI. More than half of the disinvestment proceeds came from the 6.5 per cen

In terms of economic impact, India's net additional cost across all fossil fuels was estimated at $14.4 billion, equivalent to 0.38 per cent of its GDP, or about 1.4 days of national income

The rupee fell 10 paise to 95.55 against the US dollar in early trade on Friday, weighed by FII outflows and sustained disruptions in global crude oil supplies. However, a marginally weaker greenback and a fall in global crude oil prices to levels below USD 90/barrel prevented a sharper decline in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 95.54 against the greenback before slipping further to 95.55, down 10 paise from its previous close. The rupee

The two countries are discussing a free trade agreement aimed at boosting bilateral trade, while also exploring a financial investment protection agreement

Commerce and Industry Minister Piyush Goyal on Thursday said India will take up the issue of greater market access for basmati rice with Japan during a review of the trade agreement, and explore opportunities for exports of processed food products. Responding to a question from an industry representative on increasing basmati rice exports to Japan, Goyal said the government would have to engage with the Japanese authorities as rice is a sensitive sector in Japan. We in the government will have t

Bilateral trade rose from $13 billion in 2021 to $60 billion in 2025, while the trade imbalance widened from $6.6 billion to over $50 billion in Russia's favour

Central bank will conduct a three-day VRRR auction on Friday to absorb 3 trillion from the banking system; surplus liquidity stood at 3.75 trillion on Wednesday

Sitharaman will chair the September 1-2 meeting ahead of the Brics Summit, with members set to explore mechanisms to cut transaction costs and boost intra-bloc trade

Finance minister pitches India as a stable investment destination as the two countries seek to conclude an investment protection agreement by the end of this year

Commerce minister meets Japanese financial institutions and companies as India seeks investment in semiconductors, technology and resilient supply chains

Banks can now access the concessional dollar-rupee swap facility for transactions above $100 million without waiting for their designated weekly window

Rating agency retains stable outlook, citing policy stability and infrastructure investment, but sees risks to Centre's FY27 fiscal deficit target from revenue, subsidy pressures

Russian crude imports are expected at around 2.1 mbpd in August, down from 2.6 mbpd in June and July; fresh US sanctions on Iran are unlikely to have a material direct impact

India's banking-system liquidity surplus has averaged more than 3.4 trillion rupees ($36 billion) so far in August and is expected to expand further

Improvements in processes and procedures, more efficient KYC norms, and streamlined approvals will facilitate a faster flow of foreign direct investment and provide greater comfort to investors, Commerce and Industry Minister Piyush Goyal said on Thursday. There are very few sectors where foreign direct investment (FDI) is restricted, and the government is open to ideas from industry to further improve the investment regime, he said. Our focus is on process and procedures...There is a tremendous

India is one of the biggest urea importers, making its purchases closely watched as a global benchmark

Ladakh Lieutenant Governor Vinai Kumar Saxena on Thursday announced a significant reduction in value-added tax (VAT) on natural gas, including CNG and PNG, from 21 per cent to 5 per cent to promote affordable clean energy and improve ease of living for people in the Union Territory. Saxena said the move would give a major boost to the Centre's larger plan to roll out the city gas distribution (CGD) network to provide affordable piped gas to households across Ladakh. Glad to share that the UT of

The rupee pared initial losses and was trading with gains of 4 paise at 95.40 against the American currency in early trade on Thursday, supported by easing Brent crude prices. Brent prices fell below the USD 90 mark for the first time in several sessions amid continuing discussions between Iran and Oman regarding a temporary shipping corridor through the Strait. While no final agreement has been reached, the fact that negotiations are continuing has reduced fears of a prolonged disruption to glo

In one instance, the RBI spent $7 billion in just a day intervening in onshore and offshore markets as the rupee approached a record low

RBI's draft data governance norms and DPDP rules are pushing banks and NBFCs to reassess fintech partnerships, contracts and third-party data risks

The US economy grew at a sluggish 1.5 per cent pace from April through June. But consumer spending stayed strong. The Commerce Department reported Wednesday that growth in gross domestic product - the nation's output of a goods and services - decelerated from a 2.1 per cent pace from January through March. The second-quarter growth number was unchanged from the department's first estimate. Still, consumer spending - which accounts for about 70 per cent of US economic activity - increased at a he

Mutual funds investing overseas through the fund-of-funds route also held assets worth 465.5 billion rupees ($4.9 billion) as of July 31

Non-food bank credit jumped to 6.69 trillion from 0.73 trillion a year earlier, while total outstanding credit from bank and non-bank sources rose 17.4 per cent by July-end

Domestic sugar prices are easing after the government allowed 1 million tonnes of duty-free raw sugar imports and tightened stock limits for bulk buyers

Donald Trump's Operation Economic Outcast could hit India through higher oil prices, trade disruptions, payment hurdles and possible US action over New Delhi's purchases of Russian energy

The global economy has weathered the oil shock caused by the closure of the Strait of Hormuz etter than feared due to various factors, including an investment boom in artificial intelligence, IMF Managing Director Kristalina Georgieva has said. What started out as a US phenomenon with AI is now becoming a growth engine for the global economy, with other countries ramping up construction of data centres and other infrastructure, Georgieva told journalists on Tuesday. She said the global economy

Given the pressure on Moscow's crude exports, processors have been seeking alternative barrels from regions including West Africa and even the Americas

Rice dominates trade between the two countries, accounting for nearly two-thirds of India's $1.25 billion in exports to Iran in the fiscal year-ended March

US sanctions four India-based firms over Iranian petroleum imports as Washington expands pressure on Tehran and warns entities doing business with Iran of retaliation

India plans to add 100 vessels to its merchant fleet in five years, with reflagging, shipbuilding support and fiscal reforms aimed at strengthening the domestic shipping industry

FDI flows revives in June: Robust Q1 eco momentum continued in July

ABFRL chairman says resilient consumption and supportive policies underpin growth, while India's apparel retail market could exceed 14 trillion by FY30