IMF defends India’s revised GDP calculation The International Monetary Fund (IMF) has welcomed India’s revised method of calculating gross domestic product (GDP), saying it is in line with good statistical practices and advice provided by the global lender.Krishna Srinivasan, director of the IMF’s Asia and Pacific Department, described the revision as a “welcome development”, noting…
Foreign inflows lift India’s BoP surplus (representative image) India’s overall balance of payments (BoP) recorded a surplus of $45.4 billion in August 2026, compared with a deficit of $5.6 billion in the same month last year, as foreign currency inflows, particularly non-resident Indian (NRI) deposits, rose sharply, according to Reserve Bank of India (RBI) data.The…
The man said that he had invested the entire Rs 1.95 crore from the sale in purchasing another residential flat at a different location. (Image for representative purpose only) You buy a flat and after some years the housing society gives it for redevelopment. You then sell the redeveloped flat within days of getting it…
Representative image (India-China trade rebounds as New Delhi looks to rebuild bilateral ties) India’s bilateral trade with China rose nearly 29 per cent year-on-year to $91.76 billion in April-September 2026-27, making Beijing India’s largest trading partner in the first half of the financial year, according to commerce ministry data.Two-way trade between India and China stood…
The case concerned a woman who claimed an exemption on long-term capital gains of Rs 65.41 lakh from the sale of shares. (Image for representative purpose only) You buy shares in a company and after over a year you sell them. In between the company also issues bonus shares, taking your total holdings up. You…
Govt makes displaying caller name mandatory from November 1 Unknown calls bothering you? The name behind it will no longer be a secret.The department of telecommunications (DoT) has directed telecom operators to introduce Calling Name Presentation (CNAP) from November 1, 2026. The service will display the caller’s name on the recipient’s phone without requiring users…
Russian diesel reaches global markets after Trump deal, Kremlin says (representative image) Russian diesel has begun reaching global markets following an agreement with US President Donald Trump, the Kremlin said on Thursday, adding that the supplies could help stabilise oil markets but would not be sufficient to fully achieve that goal.“The diesel has started reaching…
Even as restructuring and layoffs happen, some jobs in the IT sector are getting paid well – and across levels whether entry or senior. Till a few years ago, software engineers in India were commanding high salary premiums and the IT sector was a reliable source of employment. While still employing lakhs, the artificial intelligence-led…
India’s overall exports touch $242.6 billion in Q2, highest ever for the quarter (representative image) India’s merchandise exports rose 23.04% year-on-year to $44.40 billion in September 2026, up from $36.08 billion a year earlier, according to data released by the Ministry of Commerce and Industry on Thursday.The merchandise trade deficit narrowed to $30.21 billion from…
The much-awaited India-US trade deal has cleared its first phase and moved to the legal drafting stage, commerce and industry minister Piyush Goyal said on Thursday.He said that the pact would be operationalised once India gains a competitive advantage over its peer countries. The minister further expressed hope that the process would be completed soon.“US…
