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Wholesale prices in India rose on a year-on-year basis for the first time in three months in August, led by an increase in food prices. Data released by the commerce ministry Monday showed WPI inflation rose to a four-month high of 0.52% in August from (-)0.58% in July, which was a two-year low. Read more
India and the US will hold the next round of talks on the proposed bilateral trade agreement on Tuesday in the national capital, India's chief negotiator Rajesh Agrawal said Monday. During the negotiations, the two countries will not discuss any non-trade related issues, said Agrawal, who is a special secretary in the commerce ministry. Brendan Lynch will lead the negotiation from the US, Agrawal said. Lynch is the assistant US Trade Representative for South and Central Asia. Read more
Wholesale sales of automobiles in August were mainly led by a year-on-year growth in the two-wheeler segment, even as companies held back despatches of passenger vehicles ahead of the new goods and services tax regime, which will come into effect on Sept. 22, data from the Society of Indian Automobile Manufacturers showed Monday. Read more
The Supreme Court Monday stayed some key provisions of the Waqf (Amendment) Act, 2025, regarding creation of a waqf and decision by a district collector on waqf property's encroachment. A bench, led by Chief Justice of India B.R. Gavai, however, refused to stay the entire provisions of the 2025 Act. "We have considered a prima facie challenge to each of the sections. We have found that no case was made out to stay entire provisions of statute. However some sections need some protection," said the bench, also comprising Justice Augustine George Masih. Read more
Acknowledging the benefits of adopting artificial intelligence, Finance Minister Nirmala Sitharaman Monday said that policy and governance should be one step ahead of the curve, to the extent that government has to ensure that regulation sprints if innovation in the sector is sprinting. Artificial intelligence may be a double-sided sword, Sitharaman said, adding that like any other good things, this also comes with riders. Read more
By Pratiksha The rupee's fall to lifetime lows against the dollar in recent times is a result of the concerns around the impact of US tariffs on India. But the sustained decline in the Indian currency also reflects the Reserve Bank of India's tolerance towards a weaker exchange rate due to the ongoing uncertainties, according to market participants. Register to read more
India's public-sector banks have moved past the phase of survival and stability. They are now positioned to play a larger role as champions of growth, innovation, and leadership in the government's aim of 'Viksit Bharat 2047', M. Nagaraju, secretary, Department of Financial Services, Ministry of Finance, said. Read more
By Shubham RanaRetail inflation may have risen from a month ago for the first time in 10 months in August, but the current food price trajectory, base effect, and the cut in goods and services tax rates are likely to keep price increases in check going ahead, economists said. In fact, inflation is likely to fall again in the next couple of months, providing some space to the Reserve Bank of India's Monetary Policy Committee to lower interest rates further, they said. Read more
India's headline CPI inflation rose to 2.07% in August from an eight-year low of 1.61% in July because of a rise in food prices, data released by the statistics ministry Friday showed. This is the first time CPI inflation has risen in 10 months and the seventh consecutive month when it is below the Reserve Bank of India's medium-term target of 4.0%. Read more
By Aaryan KhannaSenior officials from the Union finance ministry will meet the finance secretaries of state governments next week, according to two people familiar with the matter. The conference, which will be hosted by the Reserve Bank of India, is likely to take place between Sept. 16 and Sept. 18 in Mumbai. Read more
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