Economy & Policy News

MFIN flags rise in false loan waiver campaigns, backs RBI advisory

MFIN has backed the RBI's advisory against misleading loan waiver campaigns amid rising misinformation and borrower mobilisation efforts in parts of North India

Steel demand increases 8% in April as prices recover across segments

India's finished steel consumption rose 8.1 per cent in April 2026, while prices of long and flat steel products recovered amid stronger demand conditions

Coal India sees muted April e-auction demand despite strong premiums

Coal India allocated 39 per cent of the coal offered in April e-auctions, while premiums remained strong at 51 per cent over notified prices

Datanomics: Women see limited gains in top jobs as pay gaps persist

Progress for women in leadership is visible-but slow, uneven, and still constrained by gaps in pay and participation

HDFC Bank governance review finds no lapses after chairman exit: Sources

India's largest private lender by assets called ​in Mumbai-based Trilegal and Wadia Ghandy & Co after Atanu Chakraborty resigned as chairman in March citing "incongruence" between his personal values

West Asia conflict highlights need for India to build natural gas reserves

Rising import dependence and supply disruptions amid West Asia tensions underscore the urgency for India to build strategic natural gas reserves and strengthen LNG storage capacity

Standstill in Indian gold, silver imports drags on, threatens supply

Shipments have been stuck at customs since the start of the financial year on April 1, ensnared by administrative bottlenecks and a lack of clarity over taxes

Services PMI recovers to 58.8 in April despite slowing export growth

Output and new order intakes recovered in April, with inflows of new work increasing to the greatest extent in five months

Services PMI hits 5-month high of 58.8 in April on strong domestic demand

Growth was driven by stronger domestic demand and new orders, even as export growth weakened and cost pressures remained elevated

India, US 'very, very close' to signing trade deal, says Trump official

Indian negotiators were in the US last month for discussions on the trade agreement

India's cash transfer boom is a new safety net for millions: CRISIL

Crisil says expanding cash transfer schemes are supporting low-income households, but rising state borrowing and fiscal pressures could challenge their long-term sustainability

Financial services spearhead surge in outbound FDI, manufacturing slips

India's outward FDI surged in March, with economists attributing the spike to uncertainty and structural shifts, even as long-term trends remain stable

Govt sets 60-day FDI clearance for China-linked sectors, 40 sub-sectors

The move follows a decision by the government in March to process and decide FDI proposals from these countries in specified manufacturing sectors or activities within 60 days

India tops global remittances with over $137 billion inflows in 2024: UN

The report also said that countries in Asia continue to account for the largest share of internationally mobile students

Sugar industry wary of proposed tighter rules in Sugarcane Control Order

Proposed changes to Sugarcane Control Order, including stricter norms for mills and khandsari units, raise concerns over increased regulatory oversight and potential 'Inspector Raj' in the sector

Rupee hits fresh low amid surge in crude prices and West Asia tensions

The rupee hits a record low as crude oil prices surge amid West Asia tensions, raising concerns over inflation, import costs, and widening current account deficit

Union Cabinet approves ₹1,570 crore ship repair facility in Vadinar

Cabinet clears ₹1,570 crore Vadinar ship repair facility to boost domestic capacity and reduce reliance on foreign shipyards

Semiconductor projects worth ₹4,000 crore get Cabinet go-ahead

The two new projects will be implemented by Crystal Matrix Limited and Suchi Semicon Limited, with project costs of ₹3,068 crore and ₹868 crore, respectively

Indian banks' ROA peaking; NIM pressure to cap gains: McKinsey & Company

Indian banks' ROAs may have peaked at 1.4% in FY25, with declining net interest margins, rising costs and funding pressures expected to limit further profitability gains

Cabinet approves ₹5,659 crore cotton mission to double yields in 5 years

Cabinet raises sugarcane FRP by ₹10/quintal for 2026-27 season