The Council is expected to review how the GST rate changes have been implemented over the past year, rather than undertake another broad-based round of rate cuts.
Macro
GST Council Meeting On October 7: No Rate Changes Expected, Process Reforms In Focus
'Reallocate, Not Abandon': FPIs Are Still Selective On India, Says Dheeraj Gaur Of Choice WealthThis divergence tells us FPIs are not exiting India; they are becoming selective. The selling in the secondary market is a global story, not an India story, Dheeraj Gaur, Chief Investment Strategy Officer at Choice Wealth told NDTV Profit in an exclusive email interview.
Asian Markets Today: Nikkei Rises, ASX 200 Falls As Trump-Xi, Mideast Risks In FocusMeanwhile, oil prices remained elevated despite a modest pullback.Brent crude oil was down 0.93% at $106.04 a barrel at last check, keeping energy prices and their potential impact on inflation and global growth in focus.
Petrol, Diesel Prices On September 23: Check New Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And MorePetrol and diesel prices were unchanged across major cities on September 23. Check city-wise fuel rates as Brent crude traded at $99.20 and WTI crude at $90.23 a barrel.
ONGC Mahanadi Find Will Trim India's Gas Imports Significantly, At 50% NowIn an exclusive interview with NDTV Profit, ONGC Director (Exploration) OP Sinha said the company's first Samudra Manthan gas strike in the Mahanadi basin will significantly cut India's import dependence, currently at 50% of demand.
NSE's Shareholders Retain Significant Stake Even After Tendering Shares In OFSMajor institutional investors have sold only a small portion of their NSE holdings, retaining sizeable stakes after the OFS.
RBI Rate Hike Bets Rise After US Fed Move: Why October Policy Is Now A Close CallFor India, the transmission is already visible. The rupee is hovering around the 96-per-dollar mark, US 10-year Treasury yields have crossed 5%, and Brent crude remains above $100 a barrel.
India Targets Double EU Exports Within Three-To-Four Years Under FTAIndia plans wider engagement with EU nations and expects exporters to expand capacity and meet standards to maximise the benefits of the trade pact.
Moody's Raises India FY27 Growth Forecast To 7% From 6%The upward revision follows India's real GDP growth of 7.7% in FY26, accelerating from 7.1% in the previous year. Moody's latest forecast is also higher than the Reserve Bank of India's June projection of 6.6% growth for FY27.
Monsoon Deficit 'Manageable', 6% Food Inflation Will Ease By Year-End, Says CEAObservers and policymakers are closely monitoring whether the domestic economy can handle this new wave of instability as well as it managed during the market disruptions from March to July
India's August Vegetable Oil Imports Fall 4.7% On Lower Palm-Oil Purchases, Weak RupeeTotal edible oil stocks stood at 20.43 lakh tonnes as of September 1, up 31,000 tonnes from 20.12 lakh tonnes a month earlier.
August Retail Inflation Soars To 4.82% As Food Prices Rise FurtherFood price-based inflation soared to nearly 6% in August, dragging the headline CPI numbers higher.