India state fiscal health: Delhi records lowest fiscal deficit in FY25

In a statement, IGL said a significant portion of input gas for CNG is being met through imported LNG, whose rates in the spot or current market have seen a surge since the beginning of the West Asia

Finance Ministry kicks off the FY28 Budget exercise, seeking realistic projections as rising subsidy costs and the West Asia crisis put pressure on government finances

That swing has been made possible by a shift in forex management policy that was forged in the fire of the balance-of-payments crisis of 1991

The two countries are discussing a free trade agreement aimed at boosting bilateral trade, while also exploring a financial investment protection agreement

Manufacturing growth moderated to 7.3 per cent from 9.5 per cent in June, while mining and quarrying slipped back into contraction during the month

Forex reserves rose sharply on strong inflows under the RBI's concessional swap window and revaluation gains, while foreign currency assets increased by $9.48 billion

Business Standard's India State Fiscal Health Tracker compares states and Union Territories on outstanding state guarantees as a share of GSDP. Here's what the FY25 Budget Estimates show

A higher ratio means pension spending accounts for a larger part of the revenue available to the state. A lower ratio means pension expenditure takes up a smaller share of revenue receipts

In terms of economic impact, India's net additional cost across all fossil fuels was estimated at $14.4 billion, equivalent to 0.38 per cent of its GDP, or about 1.4 days of national income

Commerce and Industry Minister Piyush Goyal said India will take up the issue of greater market access for basmati rice with Japan during a review of the trade agreement

ECLGS 5.0 was meant to run until March 2027, but its ₹2.5 trillion guarantee allocation was exhausted within months, leaving banks and borrowers with sanctioned but undisbursed loans

The demand is likely to draw resistance, as payment aggregators are not direct members of the UPI network run by the NPCI

Russian crude imports are expected at around 2.1 mbpd in August, down from 2.6 mbpd in June and July; fresh US sanctions on Iran are unlikely to have a material direct impact

Bilateral trade rose from $13 billion in 2021 to $60 billion in 2025, while the trade imbalance widened from $6.6 billion to over $50 billion in Russia's favour