Economy

FM Nirmala Sitharaman scotches rumours of lockdown like Pakistan

"...The government is taking burden, making sure oil marketing companies (OMCs) will ensure buying more and doing supply, and keeping the supply uninterrupted," she said

Odisha's Subhadra scheme boosts savings 45%, spending 28%: SBI Research

SBI Research finds Odisha's Subhadra DBT scheme has lifted savings and spending among women beneficiaries, with strong gains among financially excluded households

Piyush Goyal, Jamieson Greer discuss next steps in India-US BTA talks

India and the US discussed next steps in bilateral trade deal negotiations on the sidelines of WTO MC14, amid evolving tariff policies and global trade uncertainties

Finance Commission nudges CAG to override states on subsidy classification

The issue has drawn significant attention and public debate in recent times as states often announce a spate of freebies, particularly before Assembly elections

Govt starts talks with automobile companies on shift from E20 to E25

Government explores E25 fuel shift beyond E20, but automakers flag emission risks, liability concerns, and lack of testing amid rising crude oil pressures

March sees $30 billion drop in India's foreign exchange reserves

Forex reserves declined for a third week, led by a sharp fall in gold holdings, while forward book positions and global factors continue to exert pressure on reserve adequacy

West Asia conflict: Govt steps in to shield OMCs via big duty cuts

Move to cost exchequer ₹1.3 trn in FY27; export duty reimposed

Govt relaxes rules for some state firms to procure key equipment from China

Under the relaxation of the rules, India's largest state-run power equipment maker Bharat Heavy Electricals can procure 21 types of critical equipment from China, the government order said

West Asia crisis: PM Modi interacts with CMs, bats for 'Team India' spirit

Prime Minister Narendra Modi reviewed preparedness with chief ministers as the Centre set up an informal group of ministers to monitor the impact of the West Asia conflict

Govt plans to borrow ₹8.2 trillion in H1FY27; yields seen softening

Government borrowing for H1FY27 is lower than market expectations, which may support bond prices and lead to a modest softening in yields in the near term

Centre plans to borrow ₹8.20 trillion from market in first half of FY27

Gross Market Borrowings in BE 2026-27 were Rs 17.20 trillion. Since the Budget presentation, switches of G-Sec were conducted, reducing Gross Market borrowing to Rs 16.09 trillion, it said

India's sub-sovereign borrowing costs top 8%, highest since July 2022

Indian states raised around 400 billion rupees ($4.22 billion) earlier in the day, of which 180 billion rupees, or 45% of the amount, was raised at cutoff yields ranging between 8.00% and 8.09%

Odisha lags in spending despite record budget, capex remains a concern

Despite a record Rs 3.1 trillion budget, Odisha's spending remains uneven, with subdued capital expenditure and several departments lagging in fund utilisation

Govt to review windfall tax on export of diesel, ATF fortnightly: CBIC

Govt to review windfall tax on diesel, ATF fortnightly as excise cuts aim to shield consumers and ensure domestic fuel availability amid oil price surge

Piyush Goyal meets Chinese Commerce Minister Wang Wentao; discusses trade

The bilateral meeting was held on the sidelines of the 14th ministerial conference (MC14) in Yaounde, Cameroon

Govt imposes taxes on fuel exports as West Asia conflict jolts supply

The country raised LPG prices earlier this month and subsequent speculation around a likely increase in pump prices of diesel and gasoline has led to panic buying

India's wheat harvest expected to rise in 2026 but below estimates

After years of weak output, production rebounded in 2025 on favourable weather, but a late-February heat spike again this year raised concerns

Centre raises commercial LPG supply to 70%, prioritises key industries

Oil Secretary Neeraj Mittal directed the additional supply be prioritised for labour-intensive industries such as steel, automobiles, textiles, etc which support other essential sectors

Rupee hits all-time low of 94.70 against US dollar amid global tensions

The rupee opened at 94.18 and kept sliding to breach the 94.50-mark before hitting 94.70 against the US dollar during intra-day trade, down 74 paise from its previous close

Excise duty cut can result in fiscal loss of ₹1.5 trillion, say economists

₹10 per litre excise duty cut on petrol and diesel may cost ₹1.5 trn in FY27 but help sustain consumption amid the West Asia crisis, even as economists flag risks to fiscal space