BUSINESS
Andhra Pradesh unveils Rs 3.32 lakh crore Budget for 2026-27; focuses on clean energy, Amaravati, and fiscal discipline
The main focus area of the Budget is a major expansion in public capital expenditure, which has been raised to Rs 53,915 crore for 2026-27. This figure is 33 percent higher the Budgeted outlay for 2025-26 – which is Rs 40,635 crore.
BUSINESS
Higher weight of core inflation in the new inflation series prompt economists to lower headline CPI forecast for FY27
Due to the new series, inflation is seen to be lower than earlier-projected, giving room for the central bank to extend the pause on policy rate further, say economists.
BUSINESS
Next Household Consumption Expenditure Survey likely in 2027-28: MoSPI Secretary
An official of the Statistics Ministry told Moneycontrol that "MoSPI is aiming 2029 to be the base year of the next CPI series."
BUSINESS
Govt doesn’t blindly release more funds; we follow a transparent process: FM Sitharaman
She noted that due to the SNA SPARSH portal, the government has "absolute visibility where the money goes, where it is spent...just in time, we can release the money to the states – which needs it."
BUSINESS
India's updated CPI framework set to reduce inflation volatility, enhance policy precision: CEA Nageswaran
With food items carrying less weight in the overall index, Nageswaran anticipates that headline CPI will exhibit reduced volatility.
BUSINESS
High-level banking panel to review voting rights threshold for foreign bank subsidiaries
The proposal to evaluate 26% ceiling on voting rights is viewed as a step towards removing the restrictions around foreign banks taking strategic initiatives. Change will be applicable only to banks operating through the wholly owned subsidiary route.
BUSINESS
Apple vs CCI: Is Apple’s fight over new penalty rules truly warranted?
Legal experts say the Nagrik Chetna Manch verdict, which is being cited by Apple, is a peculiar case with unique facts and cannot be generalised.
BUSINESS
Stakeholders hail new Labour Codes for balancing worker protection and economic efficiency: Labour Ministry Survey
The study finds a consistently positive assessment of the potential impact of the Labour Codes on working conditions, wages, and income security. Workers perceive that the Codes will lead to improved regulation of working hours, better rest and leave practices, and greater regularity in wage payments.
INDIA
EPFO to launch new app with UPI-based PF withdrawals by March-end
The new EPFO app, which will differ from the UMANG app, will be linked to the subscriber’s bank account. It will also be linked to the BHIM app and other UPI apps.
BUSINESS
India-US Interim Agreement: India agrees to 6-month review of US or global standards for imports
"For the purposes of enhancing ease of compliance with applicable technical regulations, the United States and India intend to discuss their respective standards and conformity assessment procedures for mutually agreed sectors," a press release said.
BUSINESS
Baijayant Panda’s push for under-13 social media curbs stalled by Lok Sabha adjournment
Panda's private members Bill, titled The Safeguarding Healthy Environments for Little Digital Natives (SHIELD) Bill, 2025 has been listed in the Lok Sabha for the last three months and had been scheduled to be introduced today. It proposes restricted and regulated internet and social media access to children below the age of 13.
BUSINESS
India may go slow on full digital rupee rollout, track global cues
India is monitoring developments in the United Kingdom and parts of Europe and could either wait for other major economies to launch first or align its rollout with them
BUSINESS
Govt set to exit IDBI Bank in FY26; Kotak, Emirates NBD, and Fairfax to place final bids this week
The bids will be placed to the Department of Investment and Public Asset Management (DIPAM) in the finance ministry. The government is expecting to fetch a revenue of about Rs 33,000 crore – as it is divesting its 30.48 percent stake in IDBI Bank, say officials.
BUSINESS
Key focus of banking committee to bring 300-350 million Indians in the financial ecosystem: DFS Secretary Nagaraju
The DFS Secretary also noted that the government will get financial bids for IDBI Bank this month. "The divestment of the government’s stake in the bank will likely happen this financial year," he said.
BUSINESS
States’ capex loans to be tied to 'new reforms' in FY27; Centre releases Rs 69,000 crore for FY26
The outlay under the 'tied component' could be Rs 1.2 lakh crore -- of the total Rs 2 lakh crore outlay -- for FY27
BUSINESS
Trump announcement a framework pact; joint statement on the details in next 2-3 days
India-US trade deal: On the zero duty, the official said that in many cases, India's exports will also be subjected to zero duty.
BUSINESS
India-US Trade Deal: Only one aspect on "market access" announced by Trump so far, says official
"The announcement currently is only on market access. The details are being worked out by Commerce Ministry," said the official, adding that any confirmation or denial on improving access of American farm products to India’s market "can’t be given at the moment".
BUSINESS
India-US trade deal ends uncertainty; Govt foresees economic buoyancy and private investment surge
On the details of the deal, Economic Affairs Secretary Anuradha Thakur said that "there is no clarity as of now on the Indian market opening up to U.S. agricultural products."
INDIA
'Just-in-time' funding cutting interest burden; Centre curbed Rs 1 lakh crore 'parking' in state treasuries, says expenditure secretary
The Expenditure Secretary said that the government is reviewing its Centrally Sponsored Schemes, and some of them may be merged or closed down next financial year – in case they are not found to be impactful.
BUSINESS
High level committee on banking: India’s financial sector need to strengthened, that needs good banks, says FM
Sources in the government have said that merging of banks is also likely to be considered by the Committee, however, it may not be undertaken immediately. The FM added that the government will finalize the Terms of Reference of the high level committee on banking in the coming months.
BUSINESS
"There will a lot more divestment going forward": FM signals aggressive push for CPSE sales to drive revenue
"I also will have to work on broadening the tax base, so that direct tax revenues grow. However, divestment is a priority," the FM noted. She added that IDBI disinvestment is likely to be concluded soon.
BUSINESS
Budget 2026: FM Sitharaman targets 4.3% fiscal deficit; rejects ‘drastic changes’ to ensure investor confidence
The DEA Secretary highlighted that the government is reviewing the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, to address concerns of foreign investors.
BUSINESS
Budget 2026 allocates Rs 20,082 crore for the Employment Linked Incentive Scheme
For FY26, The Budget has revised its estimate for the scheme at Rs 828 crore on the scheme.
BUSINESS
Budget 2026 unveils 4-point plan to unlock TReDS 'full potential' and boost MSME liquidity
To leverage its full potential, the FM has proposed to mandate TReDS as the transaction settlement platform for all purchases from MSMEs by CPSEs, serving as a benchmark for other corporates.
