BUSINESS
CCI summons steel pipe companies in connection to cartelisation, bid-rigging probe
Commencing on January 12, the hearings follow the CCI’s September 2025 raids on the offices of leading steel pipe producers.
BUSINESS
'Insolvency is of a company, not a real-estate project': Baijayant Panda rejects project-wise codification in IBC
Panda says that the new Bill makes resolution of MSMES much easier. "Small companies don’t have the wherewithal to deal with IBC. For MSME, a pre-packaged resolution plan has been envisaged. The bar has been lowered for initiation of the pre-packaged process. Now 51% votes of the financial creditors are required for the process to start, earlier it was 66%."
BUSINESS
Timeliness strictly spelled in IBC 2.0, debt recovery for banks may double from current levels: Baijayant Panda
"In the last three-four years, on an annual basis, Rs 50,000-60,000 crore was being recovered by banks from bad assets, in which IBC played a big role. My guess is, this figure can double, once the amended IBC law is enacted," Panda told Moneycontrol.
BUSINESS
Budget 2026 may include clarifications on taxation of data centres and remote employees working in India
CBDT may expand 'permanent establishment' definition for big tech & data centers, which could increase tax liability for foreign enterprises.
BUSINESS
FY27 Budget: Govt may peg nominal GDP growth at 10-10.5% as inflation uptick looms
"We are estimating real GDP growth in the range of 6.5-7 percent in FY27, and deflator at around 3.2-3.5 percent," a government official told Moneycontrol.
BUSINESS
Demographics, financial inclusion, AI potential creating 'unprecedented growth tailwind' for India: Shaktikanta Das
"India’s stance in the changing world order is clear. India stands for a cooperative and rule-based global system; but at the same time, we are proactively forging partnerships and strategies to secure our national interest in a world where power is more diffused," Das said.
BUSINESS
India to remain a fast-growing economy, low external debt, consumption to fuel growth, says UN economist
US tariffs would weigh on exports in 2026 if the current rates persist. Demand from Europe and the Middle East will partially offset the impact, Christopher Garroway has said
BUSINESS
UN projects India’s GDP growth to moderate to 6.6% in 2026 from 7.4% in 2025 amid high US tariffs
"While tariffs may adversely affect some product categories, key exports such as electronics and smartphones are expected to remain exempt," said the UN report.
ECONOMY
Govt to stick to 4.4% fiscal deficit aim in FY26 but will need to 'manage' expenditure
Economists say Centre will have to cut down on revenue and capital expenditure to achieve 4.4% of fiscal deficit target, as they see a sharp shortfall in tax revenues – more than Rs 1 lakh crore in FY26.
BUSINESS
India’s 'Goldilocks' run to continue for next two years; FY27 growth likely at 6.5-7%: EAC-PM Chair
'India has entered into FTAs with various trade partners which is contributing to diversification of exports. This adds to the overall resilience of exports,' the EAC-PM Chairman said.
BUSINESS
Budget 2026 may offer incentives to attract more global investment in AI
The industry has asked for a conditional tax holiday for some data-centre developers with eligibility tied to capacity thresholds, employment and green energy targets
BUSINESS
US intervention in Venezuela: Near-term impact on India’s oil import mix is unlikely, says official
"Venezuela’s crude oil share in India’s import basket is marginal. The present crisis is not going to affect India materially, or change the import mix anytime soon," government official told Moneycontrol.
BUSINESS
PRAGATI helps expedite infra projects, Navi Mumbai airport an example: Cabinet Secretary TV Somanathan
The PM chairs these meeting directly with chief secretaries of states and secretaries of central ministries to address issues relating to specific projects.
BUSINESS
Re depreciation needed to counter US tariffs: PM’s advisory panel member Ram Mohan
On private capital expenditure, he says: ".., announcements of billions of rupees of investment by corporate groups is not reflected in what is happening on the ground."
BUSINESS
Draft rules for new labour codes unveiled: 30% threshold for recognition of trade unions and what constitutes as wages defined
According to labour ministry officials, stakeholders can submit their comments on these rules in the next 45 days, post which the final rules will be published and notified. The officials say, the implementation of code, along with their rules, should be done by April 2026.
BUSINESS
India’s economic reform newsmakers — 2025
Appointed RBI Governor in December 2024, Sanjay Malhotra guided monetary policy in 2025. In his tenure, the central bank delivered about 125 bps of rate cuts amid easing inflation and stable growth.
BUSINESS
Mantris who meant business in 2025
From trade agreements to following the path of fiscal prudence, streamlining GST, a new tax code and more. 2025 was a year of some long pending reforms. Significantly, India also replaced its labour laws with 4 new labour codes. The ministers behind the reforms that defined India in 2025.
BUSINESS
CAG to audit defence pension portal 'SPARSH'
India’s supreme audit institution will examine issues such as defective data migration to SPARSH portal, ineffective grievance redressal mechanism, and expedited implementation of the scheme, which caused hardships to veterans, in 2026-27.
BUSINESS
Centre disburses Rs 61,000 crore to states under capex loan scheme till mid-December
According to internal data, seen by Moneycontrol, Uttar Pradesh has received the maximum amount of Rs 8,465 crore under the scheme till December 15. Assam has received Rs 5,597 crore and Maharashtra has received Rs 4,584 crore.
BUSINESS
New GDP base year to correct underestimated farm data; horticulture GVA expected to surge
An official says that in the current GDP series, with base year 2011-12, the share of ‘agriculture, livestock, forestry and fishing’ in the overall GVA is 14-15 percent
BUSINESS
New labour codes: Centre mulling monetary contributions to support employer-led re-skilling fund
"The labour ministry will issue the rules, which would provide clarity on how the re-skilling fund will work. Apart from the 15-day wage contribution by employers, the fund will have monetary contribution from several other sources, which may include the government too," said a government official.
BUSINESS
Year Ahead: Private capex seen taking the baton in 2026 as public-led infra spend peaks
The growth outlook for 2026 for public and private capex appears to be more balanced, say economists. Private capex would be supported by continuing low levels of global crude prices, likely easing of global supply situations, and India’s FTA push.
INDIA
Complaints mount against ex-servicemen contributory health scheme
Defence veterans allege that the Ex-Servicemen Contributory Health Scheme implemented in 2003 has been riddled with lack of funds from the Centre, causing hardships to defence veterans.
BUSINESS
Insolvency code revamp: Experts seek equal rights for foreign creditors, want rules codified
Codified cross-border insolvency rules will bring predictability, enhance creditor confidence and improve India’s standing as an insolvency-friendly jurisdiction, experts say
