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
BUSINESS
IndiGo has not yet received a notice from CCI, but internal inquiry continues
The competition regulator is yet to complete is initial assessment in the conduct of IndiGo and its role in the flight disruptions that took place earlier in December
INDIA
G RAM G caps Central funds as southern states show more-than-expected spending, says official
A Central government official, without sharing any data, claimed that few states such as Tamil Nadu and Kerala exceeded the original estimates presented by them
BUSINESS
Select Committee on IBC 2.0 recommends decriminalising technical lapses, and imposing 3-month timeline for NCLAT
On cross border insolvency framework, the Committee feels that it is 'imperative' to codify the basic tenets of the framework directly within the Code itself to provide clear legislative guidance for the central government.
BUSINESS
India at demographic inflection point, higher education system will decide our trajectory, says CEA Nageswaran
As millions of youth get ready to enter the workforce, whether this demographic dividend becomes a growth accelerator or a social strain will depend on the quality and adaptability of the higher education system, says the CEA, urging states to take the lead
BUSINESS
Year-Ender: Govt, regulators unveil major reforms in 2025 centered on deregulation
Experts say labour codes have finally moved ahead, but the government also needs to make land and environment clearances simpler, especially for infrastructure and industry. They say MSMEs need a lighter compliance load.
BUDGET
High borrowing, crowding out private investment fears may limit capex push in upcoming Union Budget
Budget 2026-27 may peg central capex (capital expenditure) at 3.2 percent of the GDP for FY27, slightly higher than 3.1 percent pegged for the current financial year. "Capex cannot keep rising indefinitely when the government is already running a persistent revenue deficit," one official said
BUSINESS
IndiGo under CCI scanner: IndiGo executives might meet competition regulator in coming days
The CCI has initiated a suo motu inquiry in the IndiGo case, and if any violation of competition norms is found, the regulator may impose a monetary penalty on the airline, as per the official.
BUSINESS
NITI Aayog panel reckons further easing of quality control orders, scrapping of mandatory CSR for MSMEs
NITI Aayog Member’s Rajiv Gauba-headed panel has finalized a report, likely to be released by December-end, which proposes radical overhaul of registration, licensing, and inspection frameworks for businesses. The report suggests cutting penal interest on delayed GST payments from 18% to 12%.
BUSINESS
Rural India seeing strong consumption, income growth, NABARD survey shows
The outlook for rural households is 'exceptionally strong', and 75.9% households expect incomes to rise next year, the highest level of optimism since September 2024, the finance ministry has said
COMPANIES
Govt likely to table revised IBC Amendment Bill in Budget session, says official
The Select Committee on the IBC Amendment Bill is expected to present its report in Parliament, with suggestions on the draft of the bill towards the end of winter session
BUSINESS
Budget 2026: Govt may unveil measures for faster, cheaper credit to MSMEs
The Budget may unveil measures such as connecting GST, ITR and credit data through a unified digital system, which would reduce turnaround time for MSME loans
BUSINESS
Govt hopes monthly GST collections to cross pre-rate cut levels by April 2026
According to two senior officials, monthly growth figure of GST collections may remain subdued till February, and March may see a major uptick in economic activity as is the case every year. This would take the collections growth (reflected in April number) to rise above 9% during the month.
BUSINESS
Road contractors may move court over power ministry’s fly ash order as project costs escalate
The shift to bidding-based allocation from a no-cost allotment of fly ash has sharply increased procurement costs for many contractors and disrupted pricing assumptions, to the tune of hundreds of crores, sources have said
BUSINESS
Crude oil imports from non-sanctioned Russian entities to India may increase in near term on high discounts, say analysts
The discounts that non-sanctioned Russian entities are offering are nearly as high as $5-$6 per barrel. Hence, Indian refiners are likely to see an increase in imports from those companies, they said.
BUSINESS
Rupee may hit 91/$ without US-India deal, but inflation, CAD impact seen limited, say economists
A weaker rupee usually helps exports, but sluggish global demand will keep the benefit modest, economists say.
BUSINESS
Global funds cautious as CCI raps Goldman and Carlyle
Under the new competition rules, any investment, even less than 10%, that comes with access to commercially sensitive information may need notification to CCI.
BUSINESS
OECD paper on global mobility: How remote work triggers double taxation for Indian workforce
With technology enabling employees to work from anywhere, the current rules on tax residency, allocation of employment income, withholding obligations, and treatment of share-based compensation are becoming complex and pose double-taxation risks, say experts.
BUSINESS
MC Interview: High time welfare of workers is made mandatory, labour laws first of their kind since Independence, says Labour Secretary
"Instead of delving on the past delays, it’s best to now look forward. This code has everything going for the workers, for the expansion of industries and employment," Gurnani told Moneycontrol.
BUSINESS
Labour codes simplify compliance, offset additional costs for employers: Labour Secretary Gurnani
The new labour codes will cut compliance costs through simpler and decriminalised rules. The number of registers that companies are required to maintain have been cut from 84 to eight, Vandana Gurnani tells Moneycontrol
