Month: May 2026
India’s fertilizer subsidy may cross ₹3 lakh crore if West Asia crisis prolongs
New Delhi: India’s fertiliser subsidy could cross a record Rs 3 lakh crore this fiscal if the West Asia crisis persists, overshooting the budgetary allocation…
India to revamp IIP with new base year, wider coverage from June 1
New Delhi: India will release a revamped Index of Industrial Production (IIP) on June 1, updating the base year to 2022-23 and expanding coverage to…
Big infra projects clock Rs 5.6 lakh crore cost overrun
New Delhi: Infrastructure projects worth ₹150 crore or higher recorded a cumulative cost overrun of ₹5.6 lakh crore as of April, according to a monthly…
RBI unlikely to hike rates soon despite inflation risk, rate action only in Dec if needed: Icra’s Aditi Nayar
Mumbai: The Reserve Bank of India (RBI) is unlikely to rush into monetary tightening despite mounting inflation risks from higher fuel prices and monsoon uncertainty,…
Cashfree Payments revenue hits Rs 1,000 crore in FY26; company eyes operational profit in FY27
Fintech firm Cashfree Payments on Monday said it has achieved a revenue of around Rs 1,000 crore in FY26 and expects to post operational profit…
India emerges as Sri Lanka’s second-largest export destination
Colombo: India has surpassed the UK to emerge as Sri Lanka’s second-largest export market in January-April this year, the Export Development Board said here today….
SC rules exxsol hexane a pure hydrocarbon, duty cut to 2.5%
The Supreme Court on Monday held that exxsol hexane, imported by companies including Reliance Industries (RIL), will be treated as a pure hydrocarbon, thus will…
Government forwent Rs 1 lakh crore via excise duty cuts to shield consumers from fuel inflation: FM
Mumbai: Finance Minister Nirmala Sitharaman on Monday said the government had foregone more than Rs 1 lakh crore annually in tax revenues through excise duty…
FM Sitharaman says Government open to hear investor concerns on LTCG, STCG taxation
New Delhi: Union Finance Minister Nirmala Sitharaman on Monday said the government is willing to listen to concerns raised by stock market investors regarding the…
India proposes broad revamp of industrial output index ahead of new series
New Delhi: India’s statistics ministry has proposed changes to the way it calculates the monthly industrial output, including expanding sector coverage and adopting a chain-linked…