26 Nov 2025

India's Chief Economic Advisor V Anantha Nageswaran stated that the country's economy is set to cross the USD 4 trillion mark during the ongoing financial year, rising from about USD 3.9 trillion at the end of the previous fiscal. He noted that India's economic strength is crucial at a time when global geopolitics remains unpredictable. Speaking at the IVCA Green Returns Summit 2025, he stressed that India's climate goals, energy transition plans, and environmental policies must align with national priorities. He also pointed to India's long-term commitment to achieving net-zero emissions by 2070.Read more

26 Nov 2025

Moody's Ratings has flagged that recent tax cuts in India have weakened revenue growth, reducing fiscal space for policy support. Net tax revenue till September stood at INR 12.29 lakh crore, lower than last year's INR 12.65 lakh crore, with only 43.3% of the FY26 target achieved. The Union Budget raised the income tax rebate to INR 12 lakh and the government cut GST rates on 375 items, providing relief but straining revenues. Moody's noted that easing inflation, rate cuts and stronger household purchasing power will aid consumption, though economic growth may gradually soften. Domestic demand and infrastructure investment remain key drivers, even as high U.S. tariffs pose external risks.Read more

25 Nov 2025

The International Monetary Fund is expected to update its classification of India's foreign exchange management framework soon, according to a recent Bloomberg report citing people aware of the discussions. This move follows the IMF's earlier decision, made about two years ago, to shift India's regime from 'floating' to 'stabilized arrangement', a label the Reserve Bank of India had strongly disagreed with at the time. The IMF had continued this classification for the period stretching from December 2022 to November 2024. The latest development comes at a time when the rupee has shown increased volatility under RBI Governor Sanjay Malhotra, who assumed office late last year.Read more

25 Nov 2025

Union Steel Minister H D Kumaraswamy called for stronger research and development and adoption of technologies like AI to boost India's steel sector. At the two-day 'Chintan Shivir' in Odisha, he emphasized collaboration among stakeholders to enhance competitiveness and efficiency. Discussions involved private companies and CPSEs, focusing on innovation, operational excellence, indigenous technologies, and modern mining methods. Officials highlighted India's rising steel consumption driven by infrastructure projects and Odisha's advantages for industrial growth, underscoring the sector's critical role in supporting national development.Read more

24 Nov 2025

G20 leaders have expressed a unified intention to work together on concerns surrounding the proposed global minimum tax and the wider tax issues linked to the digitalisation of economies. They reiterated the need to maintain each country's tax sovereignty while seeking a practical and balanced solution. The discussions also highlighted the demand for a new OECD framework to improve transparency in immovable property taxation on a voluntary basis. With the US distancing itself from the global tax deal earlier this year, several countries are reassessing their position, adding weight to the G20's call for clarity and stability in international tax rules.Read more

24 Nov 2025

An expert panel convened during a recent national land governance conference urged the Union government to overhaul India's colonial-era 'wasteland' classification, arguing that mislabelled grasslands, wetlands, pastures, and village commons are being diverted or degraded due to flawed categorisation. The panel, comprising representatives from the Ministry of Rural Development, ISRO-SAC, IUCN, the Centre for Pastoralism, the Foundation for Ecological Security, and ATREE, maintained that these landscapes hold substantial ecological and economic value, including ecosystem services worth USD 90-110 billion annually. Speakers stressed that proper mapping, tenure clarity, and international commitments demand an immediate policy shift.Read more

24 Nov 2025

A new working paper from the Economic Advisory Council to the Prime Minister shows that Indian households are spending a larger share of their budgets on non-food items, especially consumables, services and durable goods. The study, comparing data from 2011-12 and 2023-24, finds a notable rise in spending on durables across all states, with rural households in some regions even surpassing urban levels. Mobile phone ownership is now nearly universal, while laptop and computer penetration remains limited. The paper highlights declining TV ownership as mobile screens replace traditional viewing. It also notes strong growth in motor vehicle ownership, supported by better roads, market access and wider availability of finance.Read more

24 Nov 2025

Knowledge Marine & Engineering Works Ltd. has received a 15-year contract from Visakhapatnam Port Authority for a contractor-owned battery-electric green tug with a 60-tonne bollard pull capacity. The deal, valued at INR 384.33 crore including taxes, covers complete manning, operations, maintenance and technical management. This is the company's second long-term green tug order, following a similar contract at VO Chidambaranar Port Authority. The company will build both tugs through a joint venture with Synergy Shipbuilders, benefiting from shared procurement and construction efficiencies as India expands its green-tug programme.Read more

23 Nov 2025

Jeh Aerospace has launched its second manufacturing facility in Telangana with an investment of USD 50 million (around INR 445 crore), aiming to meet growing global demand for its precision aerospace components. The Mach 2 facility, spread across 2 lakh sq.ft at Horizon Industrial Park, Hyderabad, will nearly quadruple the company's existing footprint in the city and enhance automation and supply-chain resilience. With an orderbook exceeding USD 150 million in 18 months, Jeh Aerospace continues its rapid growth, building on its first unit inaugurated near Hyderabad last year.Read more

23 Nov 2025

A wholly-owned subsidiary of Concord Control Systems Limited, Advanced Rail Controls Private Limited, has received an INR 19.17 crore contract from Indian Railways to supply, install and commission a wireless control system for locomotives. The order will be completed in seven months and does not involve any related-party transactions. Concord has been expanding its presence in railway technology, supported by earlier orders for its Kavach 4.0 safety system and a higher stake in Progota India to strengthen research and development. The company has also reported stronger financial performance in FY25.Read more