Category: Economy
RBI’s net short position rises to $77 billion in Feb as it defends rupee
Mumbai: The Reserve Bank of India’s (RBI) net short position stood at $77 billion in February, versus $67 billion in the previous month, as the…
Japan to create special cell to push FDI into India
In a unique move to push investments into India the Japanese Foreign Ministry will create a new centre on Wednesday to assist Japanese companies looking…
US tariffs drag India apparel export growth to modest 1.5%: ICRA
India’s apparel exports grew by a modest 1.5% year-on-year in dollar terms during the period April to December of FY2026, as tariffs imposed by the…
Services, remittances boost India’s invisible inflows to $464 billion in FY26
Kolkata: India’s inward receipts from international trade in services, incomes and remittances climbed 56% to $464 billion in the first nine month of FY26, helping…
Govt notifies Finance Act 2026 that changes tax provisions from April 1
New Delhi: The government has notified the Finance Act 2026, paving way for effecting changes in tax provisions. This Act gives effect to financial proposals…
Telangana relied on RBI borrowings for most of FY25: CAG report
Hyderabad: Barring two days in 2024-25, the Telangana government availed a Special Drawing Facility of Rs 27,730 crore from the RBI for 363 days to…
10 foreign ships with energy cargo for India stranded in Persian Gulf
The government on Monday said 10 foreign-flagged ships carrying energy cargo for India are stranded in the Persian Gulf, even as 18 Indian vessels remain…
‘India’s economy will double every 7-8 years,’ says Union Minister Gajendra Singh Shekhawat
New Delhi: Union Minister Gajendra Singh Shekhawat has stated that India’s economy is projected to reach nearly 30 trillion dollars by the year 2047, marking…
Iran war shock: Middle East conflict could cut 1 ppt from India’s FY27 GDP outlook
New Delhi: India’s real GDP growth for the next fiscal could erode by around 1 percentage point, while retail inflation could rise by about 1.5…
New I-T law, higher securities transaction tax on F&O trade to kick in from April 1
New Delhi: The new income tax law and other budgetary provisions, including higher Securities Transaction Tax (STT) on F&O trade and lower TCS on overseas…