Economy & Policy News

Russia remains India's top crude supplier in September amid supply squeeze

Russia supplied 1.74 million barrels per day of crude to India in September through September 27, as constrained West Asian supplies limited alternatives for refiners

Industrial output growth quickens to 8% in August on manufacturing, power

Manufacturing growth rose to 9 per cent, its second-highest level in 29 months, while electricity and gas supply expanded 12.3 per cent during August

FM Sitharaman to launch ₹1 trn Rayalaseema horticulture hub this Friday

The three-year plan envisages ₹40,352 crore in public investment and about ₹60,000 crore from the private sector across 201 clusters in 10 districts.

CBDT extends I-T return filing deadline for audit cases to November 21

The tax department has also extended the deadline for furnishing tax audit reports to October 21 from September 30, giving taxpayers more time for compliance

RBI completes ₹1 trillion net debt sale for first time in a decade

New Delhi recently reduced the supply ​of debt maturing in three and five years for the rest of the fiscal year, signalling more open-market ​operations (OMO) from the RBI, market participants said.

Coal stocks at power plants plunge as hydro, solar output weakens

The government has mandated companies with captive coal generation capacity of more than 50 megawatts to run the plants at full throttle and sell surplus electricity through exchanges

India less worried about AI job losses than richer nations, data shows

Pew Research Center found that expectations of AI-driven job losses and a widening wealth gap were generally higher in countries with higher GDP per capita

Weekly policy watch: Goyal-Greer meet, IIP, PMI and forex data in focus

India's policy calendar this week will track industrial output, manufacturing activity and fresh forex reserves data

Piyush Goyal likely to meet USTR Jamieson Greer amid tariff threat

The meeting comes amid US tariff threats and a Section 301 probe, while New Delhi and Washington remain engaged in negotiations to finalise their bilateral trade deal

Private sector capex projected to rise to ₹3.2 trn in FY27: RBI bulletin

The aggregate cost of projects hit a record ₹4.4 trillion in FY26, with infrastructure continuing to dominate the investment landscape

CBIC eases paperwork to claim concessional duty on imports from UK

A valid Origin Declaration will suffice to claim concessional duty under the India-UK CETA, while Form-I may be sought only when a shipment is flagged for scrutiny

India's consumer durables market to touch ₹3-3.25 trillion by 2030

In comparison, China, the world's largest market, is expected to grow at 1-2 per cent annually through 2030, while the US is projected to expand by 3 per cent and Japan by 1-3 per cent

Centre directs captive coal plants to maintain stocks, boost supply

The directions, applicable from October 1 to December 31, require captive generators to offer surplus power through exchanges after meeting their own demand

Foundation stone laid for India's first port-based e-methanol plant

The ₹2,300-crore plant at Deendayal Port Authority in Kandla will be developed in two phases by DPA and Assam Petro-Chemicals

US happy to become provider as India diversifies energy sources: Official

US State Department official Bethany Morrison said India-US ties have expanded across energy, defence and trade, with the US emerging as a key LPG supplier

Maharashtra declares drought in 265 talukas, announces relief measures

The government will announce financial assistance for crop losses after the prescribed procedure

Replacing 1 mn bpd of Russian oil could cost India up to $3.7 bn a year

India may face higher crude costs and tighter supply as refiners look for alternatives to Russian barrels amid US tariff pressure and rising fuel demand

AIIB plans to scale up water financing in India as El Niño worsens

The lender, which has approved $13.8 billion in financing for India, is looking to fund more water infrastructure and policy reforms as monsoon rainfall deficit widens

Govt cuts FY27 borrowing by ₹1.2 trn, to raise ₹7.8 trn through gilts in H2

The government's net market borrowing, which essentially goes into financing the fiscal deficit, remains at ₹11.73 trillion, as estimated in the Budget

India close to concluding four BITs under updated treaty framework

India is close to concluding bilateral investment treaties with the UK, EU, Oman and Qatar, while the draft of an updated BIT framework awaits Union Cabinet approval