Every Budget is presented in February and lays out the plan for the government’s spending in the financial year that will start in April that year. This relies on a fair bit of estimation. Once about 8-9 months are past, the government is in a much better state to have an accurate idea of how…
At the interbank foreign exchange, the rupee opened at 90.19 against the U.S. dollar, then recovered some lost ground to touch an intra-day high of 89.25, registering a 95-paise gain from its previous close. File | Photo Credit: Reuters The rupee appreciated 54 paise to close at 89.66 (provisional) against the U.S. dollar on Friday…
Union Minister Piyush Goyal (right) meets Oman’s Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed Al Yousef (left) during the India-Oman Business Forum, in Muscat on December 17, 2025. | Photo Credit: ANI India and Oman will endeavour to implement the India-Oman free trade agreement, signed on December 18, within the next three…
Net direct tax collection grew 8% to over ₹17.04 lakh crore between April 1-December 17 as refund issuances slowed, the income tax department data showed on Friday (December 17, 2025). This includes net corporate tax mop up of over ₹8.17 lakh crore and non-corporate tax of about ₹8.47 lakh crore. Net revenue from Securities Transaction…
In 2025, exports are estimated to improve to $17.5 billion, still well below earlier levels. File. | Photo Credit: Reuters India’s trade deficit with China is expected to reach $106 billion in 2025 as imports are rising faster than the country’s exports to the neighbouring country, think tank GTRI said on Friday (December 19, 2025)….
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto Equity benchmark indices Sensex and Nifty jumped in early trade on Friday (December 19, 2025) after four days of decline amid a rally in global markets as a lower-than-expected US consumer price inflation data for November reinforced expectations of further interest rate cuts by…
Image used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The rupee appreciated 24 paise to 89.96 against the U.S. dollar in early trade on Friday (December 19, 2025), supported by corporate dollar inflows and easing crude oil prices. Forex traders said the gain in the USD/INR pair follows the rupee’s string of record…
India’s remarkable merchandise trade performance in November should come as some relief for the government, but should not be the basis for any complacency. India’s merchandise exports, hit by the stiff headwind of 50% tariffs by the United States, the biggest export destination, unexpectedly grew 19.4% to $38.1 billion in November 2025. This is the…
This image is used for representational purpose only. | Photo Credit: Reuters The rupee appreciated 12 paise against the U.S. dollar on Thursday (December 18, 2025), despite the broad strength of the American currency in the overseas market on suspected intervention by the Reserve Bank of India (RBI). Forex traders said Brent crude oil prices…
Benchmark stock indices Sensex and Nifty closed lower for the fourth consecutive day on Thursday (December 18, 2025) amid a muted trend in global markets and uncertainty over a trade deal with the U.S. Falling for the fourth day, the 30-share BSE Sensex shed 77.84 points or 0.09% to settle at 84,481.81 in a volatile…
