New Delhi: Minister for new and renewable energy Pralhad Joshi on Monday launched WT-MARUT, the country’s first dedicated digital platform for managing the wind energy supply chain. The portal is expected to strengthen India’s domestic wind manufacturing ecosystem and support the country’s clean energy expansion.The platform will facilitate end-to-end tracking of wind energy components, from…
India’s silver imports slumped to their lowest level in more than three years in May after the government tightened restrictions on imports of the precious metal and raised duties, according to official data, reported Reuters.Imports fell 87% year-on-year to $75.57 million in May from $566.22 million a year earlier, data compiled by the Ministry of…
In order to curb mis-selling and hold regulated entities accountable across all distribution channels, including social media influencers and digital marketing intermediaries, the Reserve Bank of India (RBI) on Monday tightened norms governing the advertising, marketing and sale of financial products and services. The revised directions, which will come into force from January 1, 2027,…
Let’s take a look at what a possible US-Iran peace deal signing and Strait of Hormuz opening mean for India. (AI image) “Ships of the World, start your engines,” US President Donald Trump wrote on Truth Social, announcing an imminent peace deal with Iran and the opening of the Strait of Hormuz. “Let the oil…
Global stock markets advanced on Monday while oil prices fell sharply after the United States and Iran reached a tentative agreement to extend their ceasefire and reopen the Strait of Hormuz, raising hopes of easing inflationary pressures and restoring the flow of crude oil.The S&P 500 rose 1.5%, while the Dow Jones Industrial Average gained…
India on Monday released producer price index (PPI) data for goods and services for the first time, paving the way for the gradual replacement of the wholesale price index (WPI), which will be discontinued over the next five years, PTI reported.The move is in line with practices followed by advanced economies and recommendations of the…
Former Niti Aayog vice chairman Arvind Panagariya has called for reviving the government’s privatisation agenda for public sector undertakings (PSUs) and public sector banks (PSBs), arguing that disinvestment remains a key pillar of India’s economic reforms.In an interview with PTI, Panagariya also advocated the creation of an independent privatisation ministry to accelerate the government’s disinvestment…
The rupee rose against the US dollar for a second straight session on Monday, helped by a sharp decline in crude oil prices after a preliminary US-Iran agreement to end the conflict and reopen the Strait of Hormuz, Reuters reported.The currency also extended gains seen after the Reserve Bank of India’s June 5 measures to…
India’s merchandise exports grew 18% year-on-year to $45.2 billion in May, while imports rose 20.62% to $73.41 billion, resulting in a trade deficit of $28.21 billion, according to commerce ministry data, reported PTI.The strong performance also lifted cumulative merchandise exports during April-May 2026-27 to $88.91 billion, up 16.09% from the corresponding period last year.Commerce Secretary…
Individuals not having business or professional income enjoy greater flexibility, as they can opt between the new and old tax regimes every year. (AI image) ITR filing FY 2025-26: A choice between the old and new income tax regime is an important one – which one saves you more tax? But the answer to that…