Economy

Shipbuilding ties to be in focus during South Korea President's visit

India and South Korea to prioritise shipbuilding cooperation during Lee Jae Myung's visit, alongside talks on semiconductors and small modular reactors

GST collections grow 8.8% to over ₹2 trn in Mar on domestic sales, imports

The gross Goods and Services Tax (GST) mop-up was ₹1.83 trillion in March, 2025

Commercial LPG prices hiked by ₹195.5 amid escalating West Asia conflict

Domestic cooking gas LPG rates, which were last hiked by ₹60 per 14.2-kg cylinder on March 7, remain unchanged

RoDTEP benefits for exporters extended till Sep 30 amid Iran crisis

Recent developments in West Asia have posed challenges for maritime logistics, including shifts in routing and transit patterns

ATF hiked by 8.5% for domestic airlines, more than doubles for others

Domestic airlines will pay half of what other carriers such as non-scheduled, adhoc and charter would pay. For them the prices have gone up by Rs 110,703.08 per kl

Govt allows temporary customs duty relief for SEZ units sold domestically

One-year relief aims to boost SEZ manufacturing by allowing eligible units to utilise idle capacity in the domestic market amid global export volatility

Indian Oil hikes premium petrol, diesel prices amid West Asia tensions

Indian Oil has hiked XP100 petrol price from ₹149 to ₹160 per litre and Xtra Green diesel from ₹91.49 to ₹92.99 per litre in Delhi

US flags India's satellite rules for DTH, internet curbs as trade barriers

The report noted that localised internet shutdowns restrict access to information and services, disrupting commercial operations, and thereby undermining a free and open internet

India's diesel exports to SE Asia hit 7-year high in March due to Iran war

The surge in exports could boost spot sale margins for ‌Indian refiners who have purchased large volumes of prompt Russian crude to replace West Asia supply disrupted by the war

Govt grants temporary customs duty relief for SEZ goods sold domestically

The lowered duty ‌rates will range between 5 per cent to 12.5 per cent across industries

CAG pulls up Odisha govt for PSU dues, flags poor budget utilisation

Audit flags over Rs 5,000 crore unpaid PSU dividends and weak budget utilisation, raising concerns over fiscal oversight and revenue mobilisation in Odisha

Global risk aversion halts FPI momentum in FAR securities in FY26

In the financial year 2024-25, FPI inflows were supported by phased entry into JPMorgan's Government Bond - Emerging Market Index (GBO-EM)

States spend just 55% of annual capex target by February: CAG data

Twenty-two states spend just over half of their FY26 capex target by February, lagging behind the Centre, while revenue spending and tax collections show steadier progress

Datanomics: Ethanol push gains ground; dependence on oil imports persists

India's E20 fuel rollout boosts ethanol blending, but rising fuel demand keeps crude import dependence high, raising questions on its impact on energy security

Cameroon meet shows WTO's relevance: Commerce secy Rajesh Agrawal

A key area where member nations could not agree on was the moratorium on Customs duty on ecommerce

Increasing AI adoption puts humanities and critical thinking back in focus

As generative AI reshapes knowledge and decision-making, the humanities face both renewed relevance and existential pressure, raising urgent questions for universities and critical thinking

Chatroom: 'Absolute Confiscation' need not lead only to destruction'

Absolute confiscation vests goods with govt but disposal may include auction, sale or destruction; overvaluation attracts penalties under customs act, while GST export lapses trigger tax liability

Govt extends piped gas drive; over 310,000 new connections added

India adds over 3.1 lakh PNG connections in March as government extends drive to boost adoption amid LPG supply concerns and expand gas network coverage

Delhi Budget FY27 hikes capital outlay, but lags as share of GSDP

Delhi's FY27 Budget raises capital outlay and green spending, but capex remains below 1 per cent of GSDP, even as revenue surplus strengthens and fiscal deficit stays within limits

Bombay High Court halts GST action on 18% hotel restaurant levy

Court continues interim relief, stays show-cause notice in case challenging 18% GST rate on restaurants in high-tariff hotels, with hearing slated for June