Stay updated with the latest fiscal-year news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on fiscal-year topics.
Lucknow, Apr 8 (UNI) Uttar Pradesh Chief Minister Yogi Adityanath reviewed the procurement made by Uttar Pradesh on the GeM portal during the financial year 2025-26, as well as the GeM Procurement Policy issued on November 26, 2024. The Chief Minister stated that the Centre has appreciated Uttar Pradesh's GeM procurement policy. He was informed that the central government has declared it a model policy and has advised other states to adopt a similar framework. This policy has significantly imp ...Read More >
New Delhi [India], April 8 (ANI): Union Minister for New and Renewable Energy and Consumer Affairs, Food and Public Distribution, Pralhad Joshi, on Wednesday said India has surpassed Brazil to rank third globally, in Renewable Energy Installed Capacity, according to the Renewable Energy Statistics 2026, a press release by the Ministry of New and Renewable Energy said. Joshi said India's total power generation during 2025-26 (up to March 2026) reached 1,845.921 BU. The share of non-fossil fuels ...Read More >
New Delhi, Apr 8 (PTI) The domestic consumption of finished steel grew by 7-8 per cent to 164 million tonnes in FY26 on the back of increased activity in infrastructure, construction, railways, and manufacturing sectors. The country's crude steel output grew by over 10.7 per cent to around 168.4 million tonnes during the financial year, reflecting sustained industrial momentum. "Domestic demand remained the key growth driver with finished steel consumption (164 MnT), expanding by about 7-8 per ...Read More >
NEW DELHI: India achieved a total non-fossil fuel capacity addition of 55.3 GW during FY 2025-26, taking the total installed non-fossil capacity to 283.46 GW, said Union Minister for New and Renewable Energy Pralhad Joshi on Wednesday. The minister, while speaking to the media, said this addition has helped India rank third globally in renewable energy installed capacity, moving ahead of Brazil. He further noted that the non-fossil capacity addition of 55.29 GW in 2025-26 is the highest ever re ...Read More >
New Delhi [India], April 8 (ANI): Union Minister for New and Renewable Energy and Consumer Affairs, Food and Public Distribution, Pralhad Joshi, on Wednesday said India has surpassed Brazil to rank third globally, in Renewable Energy Installed Capacity, according to the Renewable Energy Statistics 2026, a press release by the Ministry of New and Renewable Energy said. Joshi said India's total power generation during 2025-26 (up to March 2026) reached 1,845.921 BU. The share of non-fossil fuels ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank on Wednesday decided to dispense with the Investment Fluctuation Reserve (IFR), an additional buffer which banks were required to maintain to hedge against depreciation in the value of investments, as a measure to support the capital adequacy of lenders. Banks currently maintain IFR as an additional buffer against depreciation in the value of their investments, subject to mark-to-market (MTM) requirements. Currently, commercial banks (including Local Area B ...Read More >
The Enforcement Directorate (ED) Panaji zonal office has provisionally attached properties valued at over Rs 17.45 crore under the provisions of Prevention of Money Laundering Act (PMLA) in connection with the investigation pertaining to illegal operation of Birch by Romeo Lane nightclub in Goa. A fire at the nightclub in North Goa's Arpora on December 6 last year killed 25 people, including five tourists. The brothers Saurabh and Gaurav Luthra, who ran the club, had taken a flight from Delhi t ...Read More >
New Delhi, Apr 8 (PTI) The war in West Asia is aiding demand for luxury electric vehicles driven by concerns over fuel prices among customers, BMW Group India President and CEO Hardeep Singh Brar said on Wednesday. The German luxury carmaker has increased its EV sales in India to 26 per cent of its overall sales in the first quarter of 2026 as compared to 21 per cent in the year-ago period, Brar told PTI. BMW Group India posted its highest-ever Q1 car sales, with 4,567 units in the first quart ...Read More >
New Delhi, Apr 8 (PTI) Indian technology startups' total fundraise declined by 18 per cent to USD 11.7 billion in 2025-26, market intelligence firm Tracxn said on Wednesday. The technology startups had raised USD 14.3 billion in the financial year 2025. "India's startups raised USD 11.7 billion in FY 2025-26, marking an 18 per cent decline from USD 14.3 billion in FY 2024-25, but a 20 per cent increase compared to USD 9.7 billion raised in FY 2023-24," Tracxn's India Tech Annual Funding Report ...Read More >
NEW DELHI, April 8 (Reuters) - South Asia's growth is expected to slow to 6.3% in 2026 from 7.0% in 2025 as the conflict in the Middle-East and disruptions in global energy markets weigh on the import-dependent region, the World Bank said on Wednesday. In its latest South Asia Economic Update, the bank said growth should recover to 6.9% in 2027, while the region would remain the fastest growing among emerging market and developing economies. The World Bank said the outlook was highly uncertain ...Read More >
Mumbai: Reserve Bank Governor Sanjay Malhotra on Wednesday expressed confidence that interest rates will remain low in the medium to long term, given the benign inflationary conditions. Addressing the media, in a post-monetary policy conference, Malhotra said the Indian economy is very strong, resilient and robust. "We are in a neutral state...possibility either way, any ways cannot be ruled out that low rates (would) continue for a long time," he said. Despite shocks, he said, the RBI is pro ...Read More >
India will lead South Asia's economic growth. The World Bank forecasts India's economy to expand by 7.6% in FY26. The region's overall growth is expected to slow initially but recover. However, global uncertainties and energy market disruptions pose risks. Countries need reforms to sustain growth and create jobs. Other South Asian nations show varied growth projections. World Bank expects India to remain the primary engine of growth in South Asia, projecting the economy to expand 7.6% in FY26, ...Read More >
More than 33GW of battery capacity approved for Turkish grid since 2022 compared with 12-13GW in Germany Turkey has given the green light to more batteries to buffer its electricity grid than any EU member state, a report has found, in a further sign of rich countries losing steam in the race to a clean economy. More than 33GW of battery capacity have been approved in Turkey since 2022, according to the climate thinktank Ember, while the total planned and operational capacity in European front ...Read More >
New Delhi: India's steel industry clocked a robust 10.7 per cent year-on-year growth in production at around 168.4 million tonnes during 2025-26, consolidating its position as the world's second-largest producer while navigating global uncertainties and price pressures, according to a statement issued by the Ministry of Steel on Wednesday. Domestic demand remained the key growth driver with finished steel consumption at 164 million tonnes, expanding by about 7-8 per cent, driven by increased ac ...Read More >
New Delhi, April 8: Joint Secretary in the Ministry of Coal, Government of India, Sanjeev Kumar Kassi, on Wednesday, assured that there is no shortage of coal in the country and power generation remains stable. Kassi said, "We have sufficient coal stocks available in the country at mines, power plants, ports and transit, which can be made available to the consumers at very short notice." He further added that there is no deficit in power generation, stating, "We have absolutely no deficit on th ...Read More >
New Delhi [India], April 8 (ANI): Joint Secretary in the Ministry of Coal, Government of India, Sanjeev Kumar Kassi, on Wednesday, assured that there is no shortage of coal in the country and power generation remains stable. Kassi said, "We have sufficient coal stocks available in the country at mines, power plants, ports and transit, which can be made available to the consumers at very short notice." Also Read | Sikkim State Lottery Result Today 6 PM Live: Dear Regal Wednesday Lottery Result ...Read More >
New Delhi [India], April 8 (ANI): Joint Secretary in the Ministry of Coal, Government of India, Sanjeev Kumar Kassi, on Wednesday, assured that there is no shortage of coal in the country and power generation remains stable. Kassi said, "We have sufficient coal stocks available in the country at mines, power plants, ports and transit, which can be made available to the consumers at very short notice." He further added that there is no deficit in power generation, stating, "We have absolutely n ...Read More >
Prestige Estates Projects witnessed heavy contributions from geographies such as Bengaluru, NCR, Mumbai, Hyderabad and Chennai.Shares of Prestige Estates Projects Ltd. are in focus on Wednesday, April 8, after the company said it achieved its highest-ever pre-sales in the financial year 2026, as they crossed the ₹30,000 crore mark for the first time ever. The real estate firm, in an exchange filing on Tuesday, said it achieved its highest-ever annual pre-sales of ₹30,024 crore, up 76% from t ...Read More >
New Delhi, Apr 8 (PTI) Realty firm Ashiana Housing Ltd's sales bookinhgs have jumped more than two-fold to Rs 1,289.70 crore during the fourth quarter of the last fiscal on better demand. Its sale bookings stood at Rs 574.73 crore in the year-ago period. In a regulatory filing on Tuesday, Ashiana Housing reported a record sales bookings or pre-sales at Rs 2421.47 crores last fiscal from Rs 1,936.75 crore in the 2024-25. "The sales value of the area booked at INR 2421.47 Crores (FY'26), highes ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Indian equity markets witnessed a sharp rally on Wednesday, with both benchmark indices surging nearly four per cent, driven by positive sentiment following the ceasefire announcement in the West Asia conflict. The Nifty 50 index jumped to 23,997.35, gaining 873.70 points or 3.78 per cent, while the BSE Sensex surged to 77,562.90, rising by 2,946.32 points or 3.95 per cent at the close. Also Read | Assembly Elections 2026: Assam, Kerala Head to Apri ...Read More >
New Delhi [India], April 8 (ANI): The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said. Also Read | 8th Pay Commission News: Consultation Process Begins, Salary Hike Expected in FY 2026-27. In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rates u ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26, in line with its CPI inflation projection of 4.6 per cent. RBI Governor Sanjay Malhotra shared the estimate during a press conference after the Monetary Policy Committee decided to keep the repo rate unchanged at 5.25 per cent. He added that the crude oil price assumption for FY 2027-28 is $75 per barrel. Also Read | Purple C ...Read More >
Mumbai, Apr 8 (PTI) Reserve Bank Governor Sanjay Malhotra on Wednesday expressed confidence that interest rates will remain low in the medium to long term, given the benign inflationary conditions. Addressing the media, in a post-monetary policy conference, Malhotra said the Indian economy is very strong, resilient and robust. "We are in a neutral state...possibility either way, any ways cannot be ruled out that low rates (would) continue for a long time," he said. Despite shocks, he said, th ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26, in line with its CPI inflation projection of 4.6 per cent. RBI Governor Sanjay Malhotra shared the estimate during a press conference after the Monetary Policy Committee decided to keep the repo rate unchanged at 5.25 per cent. He added that the crude oil price assumption for FY 2027-28 is $75 per barrel. The projection follo ...Read More >
New Delhi [India], April 8 (ANI): Economists and industry leaders on Wednesday largely backed the Reserve Bank of India's decision to keep the repo rate unchanged at 5.25 per cent, saying the central bank's cautious approach is appropriate amid global uncertainties and rising energy prices. Experts said the move reflects a balancing act between controlling inflation and sustaining economic growth. Dipti Deshpande, Principal Economist at Crisil Ltd, said the RBI's decision to maintain the polic ...Read More >
New Delhi, Apr 6 (PTI) State-owned NMDC has increased the prices of iron ore by up to 11.1 per cent, according to a regulatory filing. The company, which is the country's largest iron ore producer, has increased the prices with effect from April 5, 2026. As per the regulatory filing, the prices of Baila Lump -- high-grade (65.5 per cent Fe) iron ore lump produced by the company from the Bailadila mines in Chhattisgarh, have been increased by 10.4 per cent. While prices of Baila Fines -- high- ...Read More >
New Delhi, April 8 (SocialNews.XYZ) Reserve Bank of India's decision to keep the repo rate unchanged at 5.25 per cent is likely to provide stability for mortgage rates, real estate industry leaders said on Wednesday. Shrinivas Rao, FRICS, CEO, Vestian welcomed the pause as a relief for developers and homebuyers as it will keep mortgage rates competitive when construction costs remain elevated over the ongoing West Asia crisis. Rao said the move could help cushion the impact of rising input cos ...Read More >
New Delhi [India], April 8 (ANI): The domestic iron ore production sector will require an investment of USD 20-25 billion or more to achieve national steel production targets and ensure self-reliance, according to Vedanta Group Chairman, Anil Agarwal. He noted that this scale of capital expenditure is essential to ramp up production to 800 million tonnes, which is needed to support the overarching goal of producing 300 million tonnes of steel within the country. Agarwal said on X that at the cu ...Read More >
Mumbai, April 8, 2026 (ANI): The RBI Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, has kept the Repo Rate unchanged at 5.25% with a neutral stance. The central bank highlighted concerns over global trade disruptions, the ongoing West Asia conflict, and their impact on India's economic growth, merchandise exports, and inflation. RBI projects GDP growth at 6.9% for FY 26-27 and CPI inflation at 4.6%, while noting the volatility ivn domestic and global markets. ...Read More >
MUMBAI: The Reserve Bank of India kept its key policy rate unchanged on Wednesday while warning of lower growth and higher inflation as the Middle East crisis reverses a "Goldilocks" phase for the South Asian economy. Overnight, the U.S and Iran announced a two-week ceasefire in hostilities after more than a month of fighting, which pushed oil prices sharply higher and disrupted the supply of gas to economies the world over. India, which imports 90% of its oil supplies, is seen as among the mo ...Read More >
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