INDIAN ECONOMY
|
|
|
India bought $40.8 billion worth of crude oil from Russia in FY2026, accounting for nearly a third of its total crude imports, according to the Global Trade Research Initiative (GTRI). That trade now sits at the centre of a US sanctions push that could give President Donald Trump the power to impose additiona...
Read More
|
|
A decade ago, rural India's telecom story was still closely tied to expanding mobile connectivity, with voice at its core. Today, it is about building better networks, increasing data use and expanding the range of services.
Data spanning a decade of Telecom Regulatory Authority of India (TRAI) annual report...
Read More
|
|
New Zealand's parliament on Wednesday passed legislation to implement a free trade agreement with India, under which tariffs on about 95% of New Zealand exports to India would be eliminated or significantly reduced.
The legislation passed by a vote of 93-29, with support from the opposition Labour Party.
Mo...
Read More
|
|
India’s unemployment rate for people aged 15 years and above fell to a six-month low of 5% in August, according to the latest Periodic Labour Force Survey (PLFS) released by the National Statistics Office (NSO) on Tuesday. The joblessness rate was 5.1% both in July and August 2025.
The decline in the unemp...
Read More
|
|
The meeting between Commerce and Industry Minister Piyush Goyal and his Chinese counterpart Wang Wentao on the sidelines of the BRICS Summit here last week kicked off discussions to address India’s key trade and economic concerns, Commerce Secretary Rajesh Agrawal said on Tuesday. A mutually agreed formula m...
Read More
|
|
India is seeking to move the circular economy beyond waste management and recycling, positioning it as a broader strategy for resource efficiency, industrial resilience and sustainable growth, Union Environment Minister Bhupender Yadav said on Tuesday.
Inaugurating the World Circular Economy Forum (WCEF) 2...
Read More
|
|
India’s merchandise exports jumped 26.12% in August to $43.81 billion, sharply outpacing import growth and helping narrow the monthly trade deficit despite a steep rise in global crude oil prices.
Merchandise imports rose 14.1% to $70.67 billion, leaving the trade deficit at $26.86 billion, lower than $27....
Read More
|
|
India’s manufacturers are facing an inflation shock that consumers have so far been spared to some extent. At a broader level, this relief may persist, but consumers of several products could also feel the pain more acutely in the coming weeks.
Wholesale price inflation climbed to 9.92% in August, while re...
Read More
|
|
Large inflows for the Reserve Bank of India’s Foreign Currency Non-Resident Bank (FCNRB) scheme pushed India’s Balance of Payments (BoP) surplus to a high of $20.8 billion in July, even as the current account deficit (CAD) doubled from a year ago, data released by the Reserve Bank of India (RBI) on Tuesday sh...
Read More
|
|
In a high-stakes legislative battle, the US House of Representatives has moved a Russia sanction bill to a final vote. This bill could authorise US President Donald Trump to impose tariffs of up to 100% on multiple countries, including India, for buying Russian oil and gas. Co-authored by the late Lindsey Gra...
Read More
|
|
|
MARKET & FINANCE
|
|
|
Indian bond yields jumped on Tuesday as the Reserve Bank of India’s decision to sell government securities through open-market operations (OMOs) sparked concerns over additional supply, while rising crude oil prices and global bond yields added to the pressure.
The yield on the benchmark 10-year government...
Read More
|
|
UPI’s zero merchant discount rate regime is set to change from October 15, with Citi, JP Morgan and Morgan Stanley assessing the impact of new merchant charges on banks and the wider payments ecosystem.
Citi has provided the most detailed bank-level assessment, identifying Yes Bank as the biggest potentia...
Read More
|
|
|
|
|
|
|
|
|
|
|
Banking
|
|
|
Deposit growth of scheduled commercial banks accelerated to 17.76% year-on-year as of August 31, the highest level since 2019, following a sharp influx of foreign currency deposits under the Reserve Bank of India’s special FCNR(B) mobilisation scheme.
The credit growth remained strong at 19.08%, supported ...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
|
China’s slower loan growth is becoming a new normal as shrinking property and local government sectors weaken demand for credit faster than emerging industries can compensate, People’s Bank of China Governor Pan Gongsheng said, ac...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
Insolvency
|
|
|
The individual homebuyers cannot claim refund under Real Estate (Regulation and Development) Act (RERA) if it is in conflict with an insolvency resolution plan backed by the majority of homebuyers, the National Company Law Tribuna...
Read More
|
|
|
|