Economy

The US was India's third-largest LNG supplier last year — behind Qatar and the United Arab Emirates — accounting for 12% of total imports of 25 million tons, according to Kpler data.

FM Sitharaman has countered opposition charges of expenditure curtailment in several welfare schemes and said there is no denial or stoppage of funds to states on any schemes.

The National Statistics Office (NSO) under the Ministry of Statistics & Programme Implementation (MoSPI) on Thursday released the new Consumer Price Index (CPI) with Base 2024=100.

Minister of State in Prime Minister's Office Jitendra Singh told members in the upper house that the nuclear capacity of the country is set to triple to nearly 22,380 MW by 2031-32 and to 100 gigawatts (GW) by 2047.

If an Indian company procures yarn forward and cotton forward from the US, manufactures garments, and re-exports to the US, those garments will also receive duty-free access in America, just like Bangladeshi firms/

In a first for the new CPI series, India's retail inflation data rose to 2.75% in January 2026. The base year for the CPI has been moved to 2024 from 2012 earlier and the basket expanded from 299 to 358 items.

The new CPI series will ensure that inflation measurement accurately reflects the average household's current consumption patterns, he said.

The Sabka Bima Sabki Raksha Act, 2025, passed by Parliament, enables increased FDI and governance reforms in insurance, with enforcement beginning February 5, 2026.

Last week, Governor Sanjay Malhotra kept the benchmark interest rate unchangedand indicated a prolonged pause going forward.

Asian equities rose for a fifth day, with the MSCI Asia Pacific Index hitting a record, driven by attractive valuations and stronger growth prospects.

Despite Trump’s assurance, oil giants voice caution, citing infrastructure handicaps

Addressing a meeting of 35 Export Promotion Councils (EPCs) and leading industry associations, Goyal said the trade deals with the UK, European Union and the United States have created unprecedented market access.

The oil is being transported to Bazan Group, the Mediterranean country's top crude processor, people with knowledge of the deal said, asking not to be identified because the information isn't public.

The Revised Estimate for direct taxes has already been trimmed by about Rs 1 lakh crore from the Budget Estimate.

FM Sitharaman asserted that the Centre has adhered to the Finance Commission's recommendation on tax devolution.

The persistent surplus has kept overnight money market rates under pressure, often trading below the repo rate, and this may prompt the central bank to consider active liquidity management measures.

India's gross direct tax collection increased 4.09% to Rs 22.78 lakh crore till February 10 of FY26.

Across sectors, optimism is back, but exporters say execution details will determine how much of the opportunity India ultimately captures.

The changes follow public remarks by Commerce and Industry Minister Piyush Goyal, who rejected the idea that India was under any obligation to import a fixed quantum of US goods.

Asian stocks stayed near record highs ahead of the US jobs report, with weak retail sales fueling expectations of Federal Reserve rate cuts later this year.