Category: Economy
Indian state-run banks estimate $30 bln flow from overseas deposit scheme, sources say
MUMBAI: Indian state-run lenders have told senior government officials they expect to raise nearly $30 billion through the central bank’s subsidised dollar deposit window, five…
US Senate bill seeks 100% tariffs on India, 4 other nations for buying Russian oil
A bill seeking to impose 100 per cent tariffs on five countries, including India and China, for buying Russian oil, while exempting European nations purchasing…
Iran war and monsoons key risk for Indian economy, says RBI Governor Sanjay Malhotra
India’s inflation remains elevated, with ongoing tensions in the Middle East and prospects of a weak monsoon season seen as key risks for the economy,…
US less reliable? India may need to open the door wider to the Dragon
India should reconsider its economic approach towards China and allow more Chinese investment into its manufacturing sector as changing global trade dynamics make the US…
India to launch headline Index of Services Production within months
India plans to roll out a headline Index of Services Production within months, the country’s statistics secretary said, giving investors a single monthly gauge of…
FAI hails Cabinet nod to NIPU-2026, calls it a major boost to fertiliser self-reliance
The Fertiliser Association of India (FAI) hailed the Union Cabinet’s approval of the National Investment Policy for Urea-2026 (NIPU-2026), calling it a significant step towards…
JPMorgan says 100+ MNCs are exploring GIFT City operations
India’s GIFT City is what many multinationals are excited about as JPMorgan Chase & Co. said more than 100 such companies have approached the Wall…
Foreign or local? Investors at lossover GIFT funds
Mumbai: Investors betting on overseas markets through GIFT City funds are in a quandary over how to report the investments in their tax returns. What…
India-UK FTA unlikely to hurt domestic consumer brands, industry says
New Delhi: Domestic consumer products makers and retailers shrugged off concerns over increased competition anticipated after the implementation of the free trade agreement (FTA) with…
Govt to replace WPI with Producer Price Index for future procurement contracts
New Delhi: The Centre is preparing to replace the Wholesale Price Index (WPI) with the Producer Price Index (PPI) for price escalation and price adjustment…