Economy

This guideline will provide a standardised framework aimed at ensuring consistency, reliability and comparability of state-level estimates, it said.

Initial claims rose by 10,000 to 200,000 in the week ended May 2, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 205,000 applications.

AIDEF has sought a minimum basic pay of Rs 69,000, 3.833 fitment factor, higher risk allowances and sweeping cadre restructuring for defence civilian employees under the 8th Pay Commission.

Maharashtra CM Devendra Fadnavis announced Rs 33,000 crore projects for Nashik's Simhastha Kumbh Mela, aiming to boost industrial development and create around 32,000 jobs.

Unions push for Rs 69,000 minimum pay, pension overhaul and higher allowances ahead of crucial consultations with the 8th Pay Commission next week.

S&P Global and CRISIL warned rising crude prices and rupee weakness could pressure India's FY27 growth outlook.

Merchandise exports grew 0.93% to $441.78 billion in the last fiscal year from $437.70 billion in 2024-25, the data showed.

Indian Prime Minister Narendra Modi held talks with Vietnam President To Lam in New Delhi on Wednesday, with agreements signed across sectors ranging from rare earths to payment systems.

There will be no increase made in domestic LPG prices and in petrol and diesel prices at fuel stations due to this development.

Indian firms pledged $20.5 billion at the 2026 SelectUSA Summit, led by pharma giants and major investments in US manufacturing and AI.

Freshworks CEO Dennis Woodside said over half of the company's code is written by AI, reducing routine work across teams globally.

Oil markets remain volatile following tensions in the Middle East and concerns over disruptions through the Strait of Hormuz, a key route for global crude and natural gas shipments.

India and the US announced the framework of the bilateral trade agreement on February 2 and released the text of the deal on February 7.

International Monetary Fund chief flags 3-4 months lag in easing economic fallout even if hostilities stop immediately.

If there is a risk that inflation could tick higher, then the RBI has to be agile in adjusting the monetary policy, the top IMF official suggested.

Among the approvals is the country's first commercial facility for Mini/Micro-LED display manufacturing based on Gallium Nitride (GaN) technology.

Survey flags inflation risks from potential fuel hikes; 35% likely to shift to public transport, many to cut household spending.

India's digital asset ecosystem will mature not by avoiding failures, but by developing credible, repeatable responses to them.

The central bank also considered offering foreign-exchange swaps to participating lenders to hedge currency risk.

As per the SOP, up to 12 weeks' time has been fixed for a decision on the proposals, excluding the time taken by applicants in removing deficiencies in the proposals or in supplying additional information as may be required by the competent authority.